Adani Group: Latest Developments in November 2024

 Adani Group: Latest Developments in November 2024



The Adani Group, already under scrutiny, faced significant setbacks recently. U.S. authorities charged Gautam Adani in a bribery and fraud scheme, leading to a $27 billion loss in market value across Adani companies. Additionally, Kenya canceled a $2.5 billion port project with the group, citing undisclosed conflicts.


Despite the challenges, Adani's Dharavi redevelopment project in Mumbai is set to begin next week, indicating efforts to stabilize operations amidst the controversies​​​​.


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