India's Adani Group to invest $10 billion in US energy following Trump win

(Reuters) - India's Adani Group will invest $10 billion in US energy security and infrastructure projects, aiming to create up to 15,000 jobs, chairman Gautam Adani said in a post on social media platform X on Wednesday.

The billionaire announced the investment, with no specific timeline, while congratulating U.S. President-elect Donald Trump on his election win.



Trump has vowed to make it easier for energy companies to drill on federal land and build new pipelines, and law firms with strong traditional energy practices could benefit under his second administration.

Adani Group was accused by US-based short-seller Hindenburg Research in January 2023 of improper use of offshore tax havens and stock manipulation that sparked a $150 billion rout in shares of the group's companies.

Source: Investing.com

Последние публикации
Equity positioning remains above average, with US stocks in lead: Deutsche Bank
25.11.2024 - 22:00
UniCredit CEO not surprised by government's reaction to Banco BPM deal
25.11.2024 - 22:00
Netflix shares retreat after hitting record high
25.11.2024 - 22:00
Meta faces April trial in FTC case seeking to unwind Instagram merger
25.11.2024 - 22:00
Starbucks faces disruptions following ransomware attack on software supplier
25.11.2024 - 22:00
California could offer state EV subsidy if federal credit is axed
25.11.2024 - 22:00
Super Micro extends last week's gain, wounding short sellers
25.11.2024 - 22:00
Tesla would likely be excluded from California state EV tax proposal
25.11.2024 - 22:00
Consumer confidence, new home sales highlight Tuesday's economic calendar
25.11.2024 - 21:00
Humana rises after favorable ruling peer UnitedHealth star rating
25.11.2024 - 21:00
Dell, HP, Workday, and more set to report earnings Tuesday
25.11.2024 - 21:00
Intel expects US to shave chip-making grant, sources say
25.11.2024 - 21:00
Nvidia, Netflix Lead Market Cap Stock Movers on Monday
25.11.2024 - 21:00
Dick's Sporting Goods shares rise on analyst optimism ahead of results
25.11.2024 - 21:00
Formula One owner Liberty Media shares up after GM entry
25.11.2024 - 21:00

© Analytic DC. All Rights Reserved.

new
Анализ рынка Как повлият завтра отчет NFP на курс доллара США?