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No problem if Adani funds Colombo Port project with own resources: Sri Lanka
Business

No problem if Adani funds Colombo Port project with own resources: Sri Lanka

The minister said the Adani group’s decision to reject funding from the US International Development Finance Corporation (DFC) was its own and Sri Lanka had no issues with it

Every investor in the world is very excited about India: Modi
Business

Every investor in the world is very excited about India: Modi

The Prime Minister said India has shown how the democratisation of digital technology is benefiting every sector and every class

Banks review Adani exposure in wake of US bribery allegations
Business

Banks review Adani exposure in wake of US bribery allegations

Banks in India will exercise caution when disbursing loans to Adani group and ensure that all terms and conditions are being met

Kenya cancels proposed deals with Adani Group
News

Kenya cancels proposed deals with Adani Group

Kenyan president announced that Adani Group would no longer be involved in plans to expand the country's electricity network and Jomo Kenyatta airport

Hindenburg claims Adani front man's funds frozen; Adani Group rejects allegations
News

Hindenburg claims Adani front man's funds frozen; Adani Group rejects allegations

The short seller cited Swiss media outlet Gotham City report that stated that $310 million belonging to an alleged front man for Gautam Adani has been frozen

Kenya airport workers oppose lease to Adani group
Business

Kenya airport workers oppose lease to Adani group

The Kenya Aviation Workers Union said the proposed agreement announced would lead to job losses and bring in non-Kenyan workers

Hindenburg’s double strike: How two reports rattled Adani Group’s stock performance
Business

Hindenburg’s double strike: How two reports rattled Adani Group’s stock performance

The hammering Adani stocks suffered after Hindenburg's first disclosure early last year was so strong that many of the stocks have still not fully recovered

US prosecutors investigate India's Adani Group, seek information from investors
Business

US prosecutors investigate India's Adani Group, seek information from investors

A spokesman for Adani Group stated that they were unaware of any subpoenas issued to investors.