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Adani plunges in Mumbai on founder’s charges as Asian markets retreat
Shares in Indian conglomerate Adani tanked on Thursday after its industrialist owner Gautam Adani was charged by US prosecutors with handing out more than $250 million in bribes for key contracts.The painful losses at units of the Adani Group came as markets in most of Asia retreated as blockbuster earnings from chip titan Nvidia smashed …
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India’s Adani says US charges ‘baseless’, oppostion demand arrest
India’s Adani Group on Thursday called US charges that their billionaire tycoon founder Gautam Adani had paid more than $250 million in bribes “baseless”, as the opposition leader demanded his arrest.The stiff denial came after shares in the industrialist’s conglomerate nosedived nearly 20 percent in Mumbai, the morning after a bombshell indictment in New York accused …
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Sri Lanka’s president makes U-turn on IMF bailout
Sri Lanka’s new leader on Thursday backed a controversial IMF bailout, marking a U-turn from his election pledge to renegotiate the deal secured by his predecessor.Leftist President Anura Kumara Dissanayake, who tightened his grip on power last week after winning a huge majority in the legislature following his own victory in September, vowed to maintain …
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Sri Lanka’s president makes U-turn on IMF bailout
Sri Lanka’s new leader on Thursday backed a controversial IMF bailout, marking a U-turn from his election pledge to renegotiate the deal secured by his predecessor.Leftist President Anura Kumara Dissanayake, who tightened his grip on power last week after winning a huge majority in the legislature following his own victory in September, vowed to maintain …
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India opposition leader demands tycoon Adani’s arrest after US charges
Billionaire Indian tycoon Gautam Adani should be arrested after US prosecutors charged him with paying more than $250 million in bribes to secure lucrative government contracts, opposition leader Rahul Gandhi said Thursday. Gandhi’s demand came after shares in the industrialist’s conglomerate nosedived nearly 20 percent in Mumbai, the morning after a bombshell indictment in New York …
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Why is Indian tycoon Gautam Adani facing US bribery charges?
The business empire of Gautam Adani is again in turmoil after the billionaire Indian tycoon was charged in the United States with paying exorbitant bribes to secure lucrative government contracts.- Who is Gautam Adani? -Adani, 62, is a publicity-shy school dropout of humble origins who rose to become fabulously rich.Moving to Mumbai in his teens …
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Gautam Adani: Billionaire Indian tycoon facing US bribery charges
Billionaire Indian industrialist Gautam Adani, whose business empire has been rocked by US bribery charges against him, is one of the corporate world’s great survivors.The tycoon — a close ally of Hindu nationalist Prime Minister Narendra Modi — oversees a vast conglomerate encompassing coal, airports, cement and media operations.The US court charges that he paid …
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