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The United States has expanded its inquiry into India's Adani Group, focusing on its founder Gautam Adani, amid allegations of bribery, according to a Bloomberg News report on Friday.

US investigating Adani group and founder over alleged bribery: Bloomberg Report

March 16, 2024, 05:01 PM - 2 min read

Citing sources familiar with the matter, the report reveals that prosecutors are probing whether an Adani entity or individuals associated with the conglomerate, including Gautam Adani himself, engaged in payments to Indian officials to secure favorable treatment for an energy project.

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Bloomberg announced on Tuesday its decision to include Indian government securities, termed "Fully Accessible Route (FAR) bonds," in its Bloomberg Emerging Market (EM) Local Currency Government Index and related indices.

Bloomberg to add Indian bonds to emerging market indices in January 2025

March 6, 2024, 12:25 PM - 2 min read

Once fully integrated into the "Bloomberg Emerging Market 10% Country Capped Index," India is set to join China and South Korea as markets reaching the 10% cap, making it the third-largest country by market capitalization within the index.

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