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Adani Green Energy says no talks on new financial commitment with TotalEnergies

Nov 26 (Reuters) – Adani Green Energy said on Tuesday there is no new financial commitment under discussion with TotalEnergies, a day after the French oil major said it was pausing new investments into the Adani Group over U.S. bribery charges. TotalEnergies’ move was the first major fallout after U.S. authorities last week charged Adani’s billionaire chairman, Gautam Adani, and seven other people, with agreeing to pay around $265 million in bribes to Indian government officials. The Adani Group has said the accusations as well as those levelled by the U.S. Securities and Exchange Commission in a parallel civil case

Maharashtra CM Eknath Shinde resigns, asked to act as caretaker CM

Mumbai, Nov 26 (PTI) Maharashtra Chief Minister Eknath Shinde on Tuesday morning met Governor C P Radhakrishnan and tendered his resignation following the results of the assembly elections. The governor asked Shinde to act as a caretaker chief minister till a new CM is sworn in. Shinde visited the Raj Bhavan along with deputy Chief Ministers Devendra Fadnavis and Ajit Pawar. The term of the Maharashtra assembly ends on November 26. Despite the Mahayuti alliance of the BJP, Shinde-led Shiv Sena and Ajit Pawar’s NCP securing a massive victory, winning 230 seats in the 288-member assembly, consensus has eluded the

Charges against Adani in bribery case can be withdrawn if deemed unworthy after Trump takes over as President

New York, Nov 26 (PTI) There remains a possibility that the USD 265 million bribery case against Indian billionaire Gautam Adani can be withdrawn if the charges against him are deemed “unworthy or defective” after Donald Trump takes over as the US President, a prominent Indian-American attorney has said. Attorney Ravi Batra told PTI that while every new president has a new team, President-elect Trump as the 47th President of the US, who is forgoing FBI-checks for his Cabinet, will “neuter any prosecution that’s not based in good faith, but is what he has powerfully termed: “lawfare”. “Essentially, that means

Andhra Pradesh mulls next steps on Adani, if power deal can be scrapped

HYDERABAD, Nov 26 (Reuters) – India’s Andhra Pradesh state is reviewing government files and will explore if it is possible to cancel a power supply contract linked to the Adani Group, whose billionaire founder has been indicted in the United States, a top official told Reuters. U.S. authorities have charged Gautam Adani and seven others with agreeing to pay bribes of $265 million to unnamed Indian government officials to obtain solar power-supply contracts in Odisha, Tamil Nadu, Chhattisgarh, Andhra Pradesh and the federal territory of Jammu and Kashmir, between 2021 and 2022. Most of the alleged bribes – $228 million

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