Adani Group
Search documents
Adani bid to end bribery case stalls amid volatile US-India ties
BusinessLine· 2025-09-11 08:27
Core Insights - Gautam Adani's efforts to resolve US fraud charges have stalled, impacting the Adani Group's global expansion plans [1][10] - Ongoing tensions between the US and India are hindering negotiations, with no resolution in sight as long as bilateral relations remain strained [2][10] - The Adani Group faces a criminal case and a parallel civil lawsuit from the SEC, complicating its ability to secure new financing and business deals [4][6][11] Group 1: Legal Challenges - Federal prosecutors are pursuing a criminal case against Adani related to a $250 million bribery scheme in India [8] - The SEC is attempting to serve legal papers to the Adani Group, indicating ongoing legal complications [6] - Adani's representatives had previously expressed optimism about resolving the legal issues, but talks have now stalled [10] Group 2: Impact on Business Operations - The legal troubles have constrained Adani's ability to travel to the US, limiting business opportunities [11] - The Adani Group has lost significant contracts, including a $2.6 billion deal in Kenya, and a planned $10 billion investment in the US is on hold [12] - TotalEnergies SE has halted new financial contributions to the Adani Group until the allegations are clarified [12] Group 3: Geopolitical Context - The geopolitical tensions between the US and India are affecting not only Adani but also other Indian business leaders like Mukesh Ambani [13][14] - Modi's government is perceived to be moving closer to Russia and China, which may further complicate the business environment for Indian conglomerates [15]
X @Bloomberg
Bloomberg· 2025-09-11 07:14
Billionaire Gautam Adani’s efforts to get US fraud charges against him resolved have stalled https://t.co/nW0yj2P0qE ...
Oil prices slide 2% on worries about global oversupply, US demand
Yahoo Finance· 2025-09-11 02:03
By Scott DiSavino NEW YORK (Reuters) - Oil prices slid on Thursday, settling about 2% lower as concerns over possible softening of U.S. demand and broad oversupply offset threats to output from the conflict in the Middle East and the war in Ukraine. Brent crude futures fell $1.12, or 1.7%, to settle at $66.37 a barrel. U.S. West Texas Intermediate (WTI) crude fell $1.30, or 2.0%, to settle at $62.37. The International Energy Agency said in its monthly report that world oil supply will rise more rapidly ...
X @Bloomberg
Bloomberg· 2025-08-30 11:56
Adani Group’s power unit and Torrent Power secured separate contracts worth a combined $3.7 billion from the central Indian state of Madhya Pradesh to build coal-fired power plants https://t.co/FnFP9MPecC ...
X @Bloomberg
Bloomberg· 2025-08-28 04:25
Corporate Governance - Adani Group is increasing the number of women leaders in its conglomerate to diversify its boardrooms [1] - The transformation includes drafting talent from within the family [1]
X @Bloomberg
Bloomberg· 2025-08-25 10:14
Business Expansion - Adani Group's wind turbine manufacturing division secured orders for 304 megawatts of capacity from India [1] - The company aims to supply clean-energy generating machines to power producers globally [1]