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Indian banks review Adani exposure in wake of US bribery allegations

Nov 28 (Reuters) – Indian banks are reviewing their Adani exposure and whether they need to tighten due diligence, eight bankers said on Thursday, 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 billion wiped off their market value, meanwhile recovered ground as some partners and investors rallied behind it. State Bank of India will not stop lending to ongoing Adani projects that are nearing completion, two sources told Reuters, but will exercise caution when disbursing loans

Bangladesh High Court refuses to ban ISKCON’s activities in country

Dhaka, Nov 28 (PTI) The High Court here on Thursday refused to pass a suo motu order on banning ISKCON’s activities in Bangladesh after it was informed that the government authorities have taken necessary measures, The Daily Star said. Supreme Court lawyer Md Monir Uddin placed some newspaper reports about International Society for Krishna Consciousness (ISKCON) before the HC bench on Wednesday and had prayed for a suo motu (voluntary) order to the government to ban the organisation and impose Section 144 in Chattogram, Rangpur and Dinajpur. The court had asked the attorney general to inform the steps taken by

Rajya Sabha adjourned till Friday amid opposition uproar over Adani bribery case, violence in Manipur and Sambhal,

New Delhi, Nov 28 (PTI) Proceedings of the Rajya Sabha were washed out for the third day in a row on Thursday after opposition MPs created uproar over the Adani bribery case and the violence in Manipur and Sambhal. The proceedings of the Upper House were adjourned within minutes after it met at 12 noon, following one adjournment soon after 11 am. The appeals made by Chairman Jagdeep Dhankhar to maintain decorum and allow the Question Hour to function went unheeded as the opposition members continued with their protests. The chairman said Wednesday marked a historic milestone — the beginning

Lok Sabha adjourned till Friday amid opposition uproar over Sambhal violence, Adani bribery case

New Delhi, Nov 28 (PTI) The Lok Sabha was adjourned for the day on Thursday amid opposition protests over the violence in Sambhal and the Adani bribery case. Opposition members were in the Well of the House raising slogans demanding action against the perpetrators of the violence in Sambhal during a survey being carried out in a mosque. Parliamentary Affairs Minister Kiren Rijiju flayed the protests saying, “I condemn the attempts by the Congress and its allies in disrupting the House proceedings.” He said the opposition members were protesting despite the government agreeing to their demands for extension of the

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