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The Sri Lankan government wants to see the deep-water container terminal project at the Colombo port go ahead and has no issue with the Adani-led conglomerate using its own resources to fund it. File | Photo Credit: Reuters The Sri Lankan government wants to see the deep-water container terminal project at the Colombo port go…
Indian banks are reviewing their Adani exposure and whether they need to tighten due diligence, eight bankers said on Thursday (November 28, 2024), after the group’s billionaire founder Gautam Adani was indicted by U.S. authorities over an alleged $265 million bribery scheme. Adani Group’s listed stocks, which at one point saw as much as $34…
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Adani Group Chairperson Gautam Adani. File | Photo Credit: PTI The U.S. State Department refused to comment on the disruptions in the Indian Parliament over the indictment of billionaire Gautam Adani in a U.S. court on charges of bribery. “That is a law enforcement matter,” State Department Spokesperson Matthew Miller told reporters at his daily…