The billionaire chair of Indian conglomerate Adani Group,which owns a controversial mine in Australia,has been indicted in New York.
The state government suspects Adani has not paid enough coal royalties. The company says a revenue office probe is getting in the way of business.
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The Nationals leader was flown to the controversial Carmichael mine last October. It took him nearly six months to declare it.
The man who stopped the Gunns pulp factory is turning his attention to this state’s hardwood forests.
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But the company says Lloyd’s of London’s exit will not leave it “beleaguered” and that operations are “running like clockwork”.
Scrutiny is building around Gautam Adani’s billionaire brother Vinod as documents reveal his links to the Carmichael mining project.
Tesla. Amazon. The businesses behind the richest people in the world need no introduction. But last year,a name that does not command the same global recognition joined this rarefied list.
Adani’s shock abandonment of a share sale has triggered a fresh market plunge for in the conglomerate,sparking fears for India’s financial system.
The withdrawal of the share offering marks a stunning setback for Gautam Adani,whose group which has been in turmoil since a report by a US short-seller.