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Assam CM Himanta deeply pained by BJP’s poll debacle in ‘second home’ Jharkhand

Guwahati, Nov 23 (PTI) Assam Chief Minister Himanta Biswa Sarma on Saturday said he is “deeply pained” by the BJP’s poll debacle in Jharkhand which he had described his “second home” a few days ago. He also congratulated the people of Maharashtra and the BJP-led Mahayuti alliance for retaining power, while expressing gratitude to the people of Assam for supporting NDA nominees in by-polls in all five seats in Assam. Sarma, the party’s co-in-charge for Jharkhand polls, congratulated the JMM for its impressive victory in Jharkhand while asserting that the NDA wanted to protect the state from infiltration and to

Adani CFO defends against US charges, says linked to one business contract

NEW DELHI, Nov 23 (Reuters) – A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy comprising some 10% of its business, and none of the conglomerate’s other companies are accused of wrongdoing, the group’s CFO said on Saturday. On Wednesday, Gautam Adani, one of the world’s richest men, and seven others were indicted, opens new tab for fraud by U.S. prosecutors over their alleged roles in a $265 million scheme to bribe Indian officials to secure power-supply deals. Adani Group has denied the allegations calling them “baseless”. Group CFO Jugeshinder Robbie

Adani Group could find funding harder after US indictment as banks review credit

Nov 23 (Reuters) – Gautam Adani’s conglomerate could find it harder to get funding following a U.S. arrest warrant for its billionaire founder, with some banks considering halting fresh credit to the Indian group due to an alleged $265 million bribery scheme. Some global banks are considering temporarily halting fresh credit to the Adani Group after the U.S. indictment but maintaining existing loans, sources told Reuters. Ratings agency S&P warned in a statement that the group will need regular access to equity and debt markets given its large growth plans, but it might find fewer takers. “We believe domestic, as

Indian opposition parties deny any wrongdoing linked to Adani bribery allegations

NEW DELHI, Nov 22 (Reuters) – Opposition politicians from Indian states named in the U.S. indictment of billionaire Gautam Adani denied any wrongdoing on Friday, after Prime Minister Narendra Modi’s party said they had to answer for contracts signed while they were in power. U.S. authorities have charged Adani and seven others with agreeing to pay bribes to unnamed Indian government officials to obtain solar power-supply contracts in Odisha, Tamil Nadu, Chhattisgarh and Andhra Pradesh, as well as the federal territory of Jammu and Kashmir, between 2021 and 2022. The Adani Group has denied the allegations made by the U.S.

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