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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The US indictment alleging bribery for solar contracts by the company’s promoters and management has activated many potential issues in loan agreements signed by the renewables major.
Amid the news that billionaire Gautam Adani and other executives have been indicted in a US court, Reuters reported that multiple global banks were considering pausing additional credit to renewable energy firm Adani Green Energy. Additionally, the report said they are now examining their loan agreements with the company’s subsidiaries to determine if any terms had been breached.
Now, a senior banker who was formerly in the debt side of a bank that has exposure to the Adani group has told The Morning Context, on condition of anonymity, that AGEL did not inform its lenders about an ongoing investigation against …
The arrest and charges against an employee of the artificial intelligence company, fewer early-stage VC deals, and other updates.
A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.
After a strong listing, Vedanta Aluminium Metal is running into some headwinds. Aluminium prices are easing, but the sharper challenge is rising competition from Kumar Mangalam Birla and Gautam Adani.
