Bangladesh presses Adani to revise its power deal
Bangladesh presses Adani to revise its power deal

The Prof Yunus-led interim government has started pressing Adani Power, directly linked to Indias government, to renegotiate its power export deal, accusing the company of not complying with the clause to pass on Indian tax benefits to Bangladesh. The company already charges 55% more than the...

Govt faces challenges in settling huge debts to Adani
Govt faces challenges in settling huge debts to Adani

Adani Power has escalated its efforts to recover dues from Bangladesh, with the companys Chairman Gautam Adani threatening to cut off the power supply unless payments were made. The warning was issued in a letter to the chief advisor of the interim government Prof Muhammad Yunus. The interim...

Cancelling power agreements with India is not easy: Rizwana
Cancelling power agreements with India is not easy: Rizwana

Adviser to ministry of environment, forest and climate change Syeda Rizwana Hasan said intermitting the power agreements with India is not easy. She told reporters at the secretariat on Wednesday, adding: Getting rid of those agreements will be very costly. Terming those agreements with...

Gautam Adani speaks on US bribery indictment
Gautam Adani speaks on US bribery indictment

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. The indictment is the second major...

Adani Group says it lost nearly $55 billion since US graft charges
Adani Group says it lost nearly $55 billion since US graft charges

The Adani Group announced on Wednesday that it had incurred a massive loss of nearly $55 billion since U.S. corruption charges were filed against top officials, which the company denies, reads a the Hindu report. Indias Adani Group conglomerate said Wednesday it had suffered a staggering loss of...