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Shares in major Adani investor GQG plunge
Shares in major Adani investor GQG plunge after analyst note on outflows
SYDNEY (Reuters) -Shares of Australian-listed GQG Partners tumbled 13% on Monday after UBS downgraded the stock and said the firm may have lost A$600 million ($390 million) in funds under management in the two days following the indictment of Adani Group executives.
Adani investor GQG's shares plunge over 15% after UBS downgrades stock, cuts target price
UBS also cut its target price on the firm from AU$3.30 to AU$2.30, and this marks the Swiss bank's first ever downgrade of the stock since its listing.
Major Adani Investor GQG Shares Fall 13% After Analyst Downgrade
SYDNEY (Reuters) - Shares of Australian-listed GQG Partners fell 13% on Monday after UBS analysts downgraded the stock and estimated the firm could have lost A$600 million ($390 million) in funds under management following the Adani Group indictment.
Bangladesh halves power buying from Adani
Exclusive: Bangladesh halves power buying from India's Adani amid payment dispute
Bangladesh has halved the power it buys from neighbouring India's Adani Power, citing lower winter demand, government officials told Reuters on Monday, amid disagreements over dues running into hundreds of millions of dollars.
Bangladesh Wants to Renegotiate Adani Power Deal, Reuters Says
Bangladesh wants to renegotiate its power purchase deal with Adani Group if the agreement isn’t canceled by a court, Reuters reported, citing the head of its power ministry.
Bangladesh looks to reduce power prices of Adani deal amid US indictment: Report
Bangladesh is planning to renegotiate lower power prices from the Adani Group as it tries to reduce its subsidising expenditure for the electricity
Gautam Adani Breaks Silence on US Indictment
India's Adani says his group is committed to compliance after US bribery and fraud charges
Indian tycoon Gautam Adani says his conglomerate is committed to “world-class regulatory compliance" after being indicted in the U.S. on fraud charges and an alleged bribery scheme worth millions of dollars,
Gautam Adani Breaks Silence on US Indictment to Say His Group Is Committed to Compliance
Adani Group founder Gautam Adani responded for the first time on Saturday to allegations by U.S. authorities that he was part of a $265 million bribery scheme, saying that his ports-to-power conglomerate was committed to world class regulatory compliance.
Gautam Adani breaks silence on US allegations of bribery
Gautam Adani breaks silence on US allegations to say his group is committed to compliance:: Gautam Adani, Adani Group founder"Less than two weeks back, we faced a set of allegations from the U.S. about compliance practices at Adani Green Energy.
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Adani Total shares slipped 5% today; what's next for this stock post-recent rebound?
Despite recording a drop in today's session, the stock has recovered 28.90 per cent in the past five sessions and 8.52 per ...
1h
Biden's U-Turn On Son Raises Questions About US Justice Department, Action Against Adani Group
US President Joe Biden's latest move has revived allegations raised by Donald Trump of the US Department of Justice being ...
2h
Adani Ports to handle 1 billion tonne cargo by 2030; capex of ₹80,000 in next 4-5 years
Adani Ports and Special Economic Zone is targeting to double its cargo handling volume and reach 1 billion ton cargo by 2030 ...
2h
Adani’s U.S. Legal Battle Explained: What’s Really Happening?
On November 20, a federal court in Brooklyn unsealed a 5-count indictment, naming several individuals, including Gautam Adani ...
1h
Stocks of 6 Adani Group firms settle lower; Adani Total Gas slips nearly 5%
The stock of Adani Total Gas dropped 4.87 per cent to Rs 772 on BSE and Adani Energy Solutions tanked 4.04 per cent to Rs 806 ...
1h
"Gem And Jewellery Industry Must Embrace Change": Gautam Adani
Adani Group Chairman Gautam Adani has exhorted the gems and jewellery sector to focus on both technology and sustainability, ...
Newslaundry
2h
Adani’s indictment in US: What happens next, ‘political’ motivations, and what Trump might do
A key point in the conversation is that the charges against Adani and co. are very serious, and the amounts involved are ...
7h
India's parliament suspended after disruptions over Adani allegations, other issues
Both houses of Indian parliament were suspended on Monday after disruptions by opposition groups demanding a discussion on ...
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