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Adani Group scraps $600 million bond issue after US charges Gautam Adani in bribery case
1 month ago

Adani Group scraps $600 million bond issue after US charges Gautam Adani in bribery case

Hindustan Times  

Adani Green Energy Ltd. has decided to scrap its $600 million bond sale after the US Securities and Exchange Commission pressed charges against the group chairman Gautam Adani, his nephew Sagar Adani, its former CEO Vneet Jaain, and Cyril Cabanes, an executive of Azure Power Global Ltd., in a bribery case. This aerial photograph taken on October 15, 2024 shows …

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Adani stocks crash over 20% after Gautam Adani indicted by US over alleged $250 million bribe plot
1 month ago

Adani stocks crash over 20% after Gautam Adani indicted by US over alleged $250 million bribe plot

Hindustan Times  

Adani Group shares plunged when the markets opened on Thursday, November 21, 2024, after the US Securities and Exchange Commission announced it was pressing charges against Adani Group chairman Gautam Adani, Sagar Adani, and Cyril Cabanes, an executive of Azure Power Global Ltd in a bribery and fraud case. The US market regulator SEC alleged the scheme was to secure …

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South Africa elections 2024 explained in maps and charts
6 months, 4 weeks ago

South Africa elections 2024 explained in maps and charts

Al Jazeera  

On May 29, South Africans head to the polls. It will be the country’s seventh democratic general election since apartheid ended in 1994 when Nelson Mandela was elected president with the ANC winning 62.5 percent of the 400 seats in the National Assembly. South Africa’s election management body, the IEC, cleared 14,889 candidates, including 70 political parties and 11 independents, …

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Five takeaways from Cyril Ramaphosa’s State of the Nation address
1 year, 10 months ago

Five takeaways from Cyril Ramaphosa’s State of the Nation address

Al Jazeera  

The South African president spoke about poverty, hope and resilience in his annual speech. ‘Extraordinary measures’ for energy crisis Ramaphosa declared a national “state of disaster” over crippling power shortages that threaten the country’s economy and security, investing the government with additional powers to sign emergency procurement procedures faster and with less oversight. The South African president blamed the COVID-19 …

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Explained | South African President Cyril Ramaphosa: escape from impeachment, ANC reelection and the road ahead
1 year, 11 months ago

Explained | South African President Cyril Ramaphosa: escape from impeachment, ANC reelection and the road ahead

The Hindu  

The story so far: South African President Cyril Ramaphosa was reelected leader of the ruling African National Congress, on December 19, 2022. The parliamentary panel doubted Mr. Ramaphosa’s account of events, saying that “the information presented by the president on the storage of the money is vague and leaves unsettling gaps.” What was the “Farmgate” controversy? The burglary at Mr. …

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