Adani
2024 - 11 - 25Did Someone Say Bribery? Adani's Got Everyone Talking!
Adani Group - Bribery Allegations - Foreign Institutional Investors - Gautam Adani - TotalEnergies - US SEC InvestigationGautam Adani faces a $265 million bribery indictment in the US, TotalEnergies halts investments, and the stock market goes wild!
In a sensational turn of events, Indian billionaire Gautam Adani has found himself at the center of a massive bribery indictment, with US prosecutors laying out a staggering case involving a whopping $265 million scheme to bribe Indian officials. This news has not only made headlines in India but also raised eyebrows in international circles. As Asia's second-richest man, Adani’s financial maneuvers are being scrutinized more than ever, with the equity markets reacting in real time. Investors are holding their breath, wondering whether this scandal will trigger a domino effect on the stock market in India.
Adding more fuel to the fire, shares of Adani Green Energy plummeted by 11.3% after TotalEnergies SE dropped a bombshell announcement saying it would refrain from making any new financial contributions to its partnership with Adani. This halt comes amid growing concerns over the bribery allegations, leading many to question the future of their collaboration. It seems that TotalEnergies is staying on the cautionary side, awaiting further clarity on the situation, reflecting the fears investors have surrounding legal implications.
But it doesn't stop there! Foreign Portfolio Investors (FPIs) have been on a selling spree, withdrawing a massive ₹1.14 lakh crore in October alone, and they haven’t stopped yet, pulling out another ₹42000 crore in November. The highlighted concerns surrounding Adani Group and the recent allegations raise serious worries about the stability of market investments. Meanwhile, the Indian parliament wasn’t spared from the ruckus, as lawmakers faced off over these allegations, leading to a standstill in discussions, showcasing the political implications of the business scandal.
So, can Adani make a recovery? The answer isn’t clear, and while many investors and interested parties are keeping a close watch, the case raises significant questions regarding the extraterritorial application of American laws in Indian business. One interesting fact to note is the effect of such allegations on global partnerships; just last month, TotalEnergies was among Adani's major backers. In addition, this scandal serves as a reminder of the intricate web of relationships in the global economy – where a single bribery case could ripple through markets worldwide! Buckle up, folks, this financial rollercoaster has just begun!
Here's all you need to know about Adani's US SEC bribery indictment (Business Standard)
Indian billionaire Gautam Adani has been indicted by US prosecutors for his alleged role in a $265 million scheme to bribe Indian officials, ...
Adani Green plunges 11% after TotalEnergies says it will make no ... (Reuters)
Shares of Adani Green Energy plunged 11.3% on Monday after TotalEnergies SE said it would not make any new financial contributions as part of its ...
Will bribery allegations against Adani intensify FPI selling spree in ... (Livemint)
After withdrawing ₹1.14 lakh crore from Indian markets in October, FPIs continued their selling spree in November, pulling out an additional ₹42000 crore.
Roundup: India's Adani Hit with US SEC Summons - Mingtiandi (Mingtiandi)
The US securities regulator has issued a summons for Asia's second-richest man, Gautam Adani, as bribery allegations swirl.
'Will take all relevant actions': TotalEnergies pauses fresh ... (Business Today)
As TotalEnergies awaits clarity on the allegations, its decision to halt new investments marks a significant moment in its partnership with Adani Green Energy.
TotalEnergies Halts Investment in Adani Entities Amid US Probe (Yahoo Finance)
(Bloomberg) -- TotalEnergies SE said it won't make any fresh investment in Indian conglomerate Adani Group until the consequences of US bribery indictments ...
Adani case raises issue of extraterritorial application of American ... (The Hindu)
Gautam Adani faces $265 million bribery charges in the US, raising questions about extraterritorial application of American laws.
Adani Group Stocks | Highlights: Adani Green Energy shares plunge ... (The Hindu BusinessLine)
Adani Power, Enterprises, Green Energy, Wilmar & Ports Share Price Updates November 25, 2024: Adani Group stocks such as Adani Green Energy, Adani Energy ...
TotalEnergies pauses business with Adani, says it was not aware of ... (Reuters)
The French oil major said it will stop financial contributions to investments with Adani Group companies.
TotalEnergies pauses business with Adani Group (Reuters)
India's parliament was suspended after disruption by lawmakers demanding a discussion of bribery allegations against the Adani Group, while major partner ...
Indian parliament disrupted over Adani bribery charges ... (The Straits Times)
NEW DELHI/PARIS - India's parliament was suspended on Monday after disruption by lawmakers demanding a discussion of bribery allegations against the Adani ...
TotalEnergies pauses funding for Adani Group after bribery charges (The Straits Times)
NEW DELHI/PARIS - French oil major TotalEnergies halted on Monday investments into Adani Group, after the Indian ports-to-power conglomerate was engulfed in ...
Singapore financial sector's exposure to Adani limited so far (The Straits Times)
SINGAPORE - The Republic's exposure to beleaguered Indian conglomerate Adani Group appears to be limited so far, checks made by The Straits Times has showed ...
Gautam Adani 'bribery' case: GQG refuses to sell Adani shares ... (Livemint)
American investment firm GQG Partners decided not to sell shares of Adani Group companies, stating that the exposure was manageable even during stock market ...
TotalEnergies pauses investments in India's Adani Group after ... (Yahoo Finance)
NEW DELHI/PARIS (Reuters) -French oil major TotalEnergies halted on Monday investments into Adani Group, after the Indian ports-to-power conglomerate was ...
TotalEnergies Says Halting New Investment In India's Adani (Barron's)
French energy giant TotalEnergies said Monday it was halting new investment linked to Indian conglomerate Adani, after the indictment of its billionaire ...
GQG doubles down on Adani amid $265 million bribery allegations ... (Business Today)
The scandal centers on Adani Green Energy, but GQG was quick to clarify the charges target individuals, not the company or its broader operations.
TotalEnergies pauses investments in India's Adani Group after ... (The Straits Times)
NEW DELHI/PARIS - French oil major TotalEnergies halted on Monday investments into Adani Group, after the Indian ports-to-power conglomerate was engulfed in ...
Total Energies pauses investments into Adani Group on bribery ... (Aljazeera.com)
Impact of US indictment of group's chairman is spreading as multiple projects say they are reviewing deals with Adani.
TotalEnergies pauses business with Adani, says it was not aware of ... (The Hindu)
TotalEnergies halts financial contributions to Adani Group amid corruption allegations, unaware of U.S. investigation, shares drop slightly.
SEC and DOJ Charge Adani for Massive Bribery Scheme in India (Whistleblowers Protection Blog)
On November 20, the SEC and DOJ announced charges against Indian billionaire Gautam Adani and business associates in connection with an alleged $250 million ...
Fitch places some Adani bonds on negative watch after US bribery ... (The Straits Times)
Adani dollar bonds steadied on Nov 26 and prices rose slightly after three days of heavy falls. Read more at straitstimes.com.
Fitch Takes Negative Rating Actions on Adani Group's Infrastructure ... (Fitch Ratings)
Fitch Ratings-Hong Kong-25 November 2024: Fitch Ratings has taken the following rating actions on the Adani group's entities rated under Fitch's Infrast.
US SEC Adani allegations unlikely to significantly impact business ... (Business Standard)
US SEC Adani allegations Impact on Business: GQG Partners' exposure to Adani stands at $8.1 billion, constituting 5.2% of its total assets of $156.7 billion ...
TotalEnergies' Statement on its Investments related to Adani Group ... (Total)
This indictment does not target AGEL itself, nor any AGEL related companies. In accordance with its code of conduct, TotalEnergies rejects corruption in any ...
US charges against Gautam Adani put loyal Jefferies on the spot (Financial Times)
New York-based bank was vocal champion of Indian group whose billionaire head is accused of bribery scheme.
Adani Energy, Adani Green, Adani Ports: 3 Adani stocks react to ... (Business Today)
Adani Energy Solutions, Adani Electricity Mumbai and some of Adani Ports and Special Economic Zone (APSE.NS) rupee and dollar bonds are now on "watch negative", ...
TotalEnergies halts new Adani investments (Asian Power)
In a statement, the French energy company said it learned of US charges against certain Adani Group executives for alleged corruption linked to Adani Green ...
Fitch puts some Adani bonds on negative watch after US bribery ... (CNA)
Ratings agency Fitch has put some Adani Group bonds on watch for a possible downgrade after US authorities indicted some key executives of the Indian ...
'No new financial commitments under discussion with TotalEnergies ... (Business Standard)
French energy conglomerate TotalEnergies would pause further investments in Adani Group companies due to corruption allegations made by the US SEC.
Fitch revises outlook on 4 Adani firms to 'negative' amid US indictment (Business Standard)
The US credit rating agency places three Adani entities under Rating Watch Negative status.
Adani Group stocks slide up to 7% as Fitch places select bonds on ... (Livemint)
Adani Group stocks experienced a drop of up to 7% in morning trade on November 26 on BSE, following Fitch's warning on group bonds. Adani Green Energy led ...
Fitch puts some Adani bonds on negative watch as Sri Lanka ... (Reuters)
Sri Lanka is weighing U.S. bribery accusations against Adani Group and Fitch put some company bonds on a watch list for a possible downgrade, as fallout ...
Factbox-Major fallout for India's Adani Group after U.S. bribery ... (Yahoo Finance)
Adani Group has denied all the accusations as "baseless", but its 10 listed entities have lost about $33 billion in market value since the indictment, ...
AGEL clarifies on TotalEnergies' update: Adani Green, Adani Energy ... (Business Today)
TotalEnergies, yesterday, said it won't make any new financial contribution as part of its investments into the Adani group of companies amid a US federal ...
Fitch puts some Adani bonds on negative watch after US SEC ... (Business Standard)
US prosecutors have charged billionaire Gautam Adani, the group's founder, his nephew Sagar Adani and six others for their alleged roles in a $265-million ...
Adani shares crack up to 8% on Fitch downgrade; Green, Energy at ... (Business Standard)
In the past one week, the market price of Adani Green Energy and Adani Energy Solutions tanked 37 per cent and 32 per cent, respectively.
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