French oil giant TotalEnergies, which has invested $3.85 billion in Adani Group companies since 2019, said on Monday that it had decided to hold off on new investments until the allegations are clarified.
US-based GQG Partners affirmed its faith in the Adani Group, expecting that the Indian government would back the ports-to-retail conglomerate. The American investor, though, added in a note to investors on 21 November that it expects the investigations to be long-drawn, hurting the group's ability to borrow foreign capital.
"We feel the Indian government will maintain its support for Gautam Adani as he is the most important infrastructure developer in the country by order of magnitude," GQG Partners said in its note, which Mint has reviewed. "As investors in a broad area of companies, globally, we take any indictment very seriously. That said, we recognize the distinction of the allegations of the individuals vs the companies. We believe the fundamentals of the companies we are invested in remain sound," said GQG Partners.
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My new song is meant to be something people can have fun with, says Paradox
Delhi-based rapper Tanishq Singh aka Paradox has always been willing to push the boundaries of his music, resulting in a sound that is constantly evolving.
'Nature is pure magic, and I feel incomplete without my camera'
Raveena Tandon's passion for photography is rooted in her love for wildlife. She explains, \"It began with childhood jungle trips, but it was my first safari in Africa in 2002 that truly sparked my interest. I wasn't confident with a camera at the time, but after sharing the experience with my kids, I wished I had a camera to capture those moments.\"
HARMONIES REDEFINED: THE TRAILBLAZERS DANCING INTO DESTINY RAMA VAIDYANATHAN
Here's kick-starting a new series on artistes, who have been trendsetters in the world of Indian classical arts in the words of authors Shantanu Das and Sapna Narayan
'WOULD NEVER WANT OUR DAUGHTER TO BE CLICKED'
Actor-couple Richa Chadha and Ali Fazal talk about the changes in their life since welcoming their six-month-old daughter
Abhi-Ash vacation together, put divorce rumours to rest
The better part of 2024 had fans speculating over the divorce of actors Abhishek Bachchan (48) and Aishwarya Rai Bachchan (51).
Haaland Doubles Up in Man City Stroll as Chelsea Draws at Palace
Erling Haaland scored twice as Man City pummelled West Ham 4-1 in the Premier League while in-form Newcastle inflicted another painful defeat on Ange Postecoglou's struggling Tottenham.
Fulton focuses on World Cup qualification
Craig Fulton had a short chat with Graham Reid before taking his seat in an empty Birsa Munda Hockey Stadium here to watch Delhi SG Pipers' practice in the morning.
Saikia, Bhatia Set to Become BCCI Secretary and Treasurer
Devajit Saikia and Prabhtej Singh Bhatia filed nominations for the posts of Board of Control for Cricket in India (BCCI) secretary and treasurer respectively and are set to be elected unopposed in the Special General Meeting to be held in Mumbai on January 12.
Pant breaks free; Bumrah injures back
Fast bowler awaits scan results and his bowling will be key if India are to win the SCG Test to square series and retain BGT
Shooters suffer due to faulty equipment at Karni Singh range
Shooters are paying the price for faulty equipment at the Capital's Karni Singh range where the National Championships are being held.
