Moody’s has affirmed the ratings of seven Adani Group companies but changed the outlook for all of them from stable to negative. These companies include […]
Category: Finance
Adani Group Faces Global Setbacks Amid Bribery Allegations: $33B Market Hit, Scrapped Deals in Kenya, Sri Lanka, and Beyond
Gautam Adani’s global ambitions have taken a significant hit following U.S. federal prosecutors’ indictment of the billionaire, his nephew Sagar Adani, and associates in a […]
Fitch Places Adani Energy Solutions and Adani Electricity Mumbai Default Ratings on Negative Watch Due to Bribery Charges
Fitch Ratings has placed the ratings of Adani Energy Solutions Limited (AESL) and Adani Electricity Mumbai Limited (AEML) under a “Rating Watch Negative” (RWN) due […]
Adani Group Reports Record H1 FY25 Growth: Assets at Rs 5.53 Lakh Crore, EBITDA Up 17.1%
Adani Group achieved record results for the first half of fiscal year 2025, with total assets rising to 5.53 lakh crore rupees after investments of […]
US Government Clears Adani Group of Fraud Allegations, Approves $553 Million Loan for Sri Lanka Port Project: Bloomberg
The US government recently granted a substantial loan of up to $553 million to the Adani Group for a container terminal project in Sri Lanka. […]
Gautam Adani, Sagar Adani Summoned by U.S. SEC in US Bribery Case, Given 21 Days to Respond
Indian billionaire Gautam Adani and his nephew, Sagar Adani, have been summoned by the US Securities and Exchange Commission (SEC) to address allegations of paying […]
Japan Unveils $140B Stimulus Package to Boost Consumer Spending
The Japanese government approved a $140-billion stimulus package on Friday, aiming to boost consumer spending, according to officials. The package, valued at 21.9 trillion yen […]
S&P Global Downgrades Outlook on Adani Group Entities Amid Bribery Allegations
S&P Global Ratings has downgraded the outlook for key Adani Group companies—Adani Ports and SEZ Ltd, Adani Green Energy Ltd (AGEL RG2), and Adani Electricity […]
Gautam Adani and Executives Indicted in $250 Million Bribery and Fraud Scheme to Secure Solar Contracts
Summary of the Indictment Against Adani and Other Executives Overview of the Indictment Gautam Adani, Sagar Adani, Vneet Jaain, and five other executives have been […]
Foreign Investors Offload $2.6B in Indian Financial Stocks as Market Hits Correction Zone
Foreign investors continued to sell off Indian financial and energy stocks in November, leading to significant outflows and a decline in market value. In the […]
India’s Economy in a Sweet Spot: Moody’s Projects 7.2% Growth for 2024, Goldman Sachs Sees 6.3% Growth in 2025, Below Consensus
India’s economy is set for strong growth in 2024, with Moody’s projecting a 7.2% expansion, driven by robust household consumption and moderating inflation. The country’s […]
Super Micro Computer Faces Nasdaq Delisting After Delayed Filings, 83% Drop in Stock
Super Micro Computer (SMCI), a major supplier of AI servers, has announced it won’t meet the deadline for filing its 10-Q report for the period […]