Adani Airport Holdings Terminates Partnership With DragonPass
The Adani Airport Holdings has terminated its association with DragonPass, which provided access to airport lounges, with immediate effect.
The Adani Airport Holdings decision comes almost a week after it announced its association. The Adani Airport Holdings, in a statement, said, "DragonPass customers will no longer have access to lounges at Adani-managed airports. This change will have no impact on the airport lounge and travel experience for other customers."
Adani Airport Holdings and DragonPass had partnered last week, where the latter was given "access to all Adani-managed airport lounges, along with additional key lounges across India."
Dragonpass offers access to airport lounges worldwide.
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Time of India
3 hours ago
- Time of India
Adani group denies WSJ report as 'baseless'
NEW DELHI: The Adani group has denied the Wall Street Journal report, alleging links between its entities and Iranian LPG as "baseless and mischievous". "Further, we are not aware of any investigation by US authorities on this subject. The WSJ's story appears to be based entirely on incorrect assumptions and speculation. Any suggestion that Adani group entities are knowingly in contravention of US sanctions on Iran is strongly denied. Any assertion to the contrary would not only be slanderous but also deemed to be an intentional act to injure the reputation and interests of the Adani group," it said in a stock exchange filing. The statement said the Adani group does not handle any cargo from Iran at any of its ports, including shipments originating from Iran or any vessels operating under the Iranian flag. "Additionally, the Adani group does not manage or facilitate any ships whose owners are Iranian. This policy is strictly adhered to across all our ports. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
The Wire
6 hours ago
- The Wire
US Probing Adani Group Over Suspected Iran Petrochemical Imports, WSJ Reports
Menu हिंदी తెలుగు اردو Home Politics Economy World Security Law Science Society Culture Editor's Pick Opinion Support independent journalism. Donate Now World US Probing Adani Group Over Suspected Iran Petrochemical Imports, WSJ Reports The Wire Staff 10 minutes ago The WSJ had earlier reported that Adani's lawyers had asked the US government to drop criminal charges accusing him of orchestrating over USD 250 million in bribes for solar energy contracts in India. Adani Group chairman Gautam Adani addressing the Rising Northeast Investors Summit 2025, in New Delhi. Photo: PTI via X/@narendramodi Real journalism holds power accountable Since 2015, The Wire has done just that. But we can continue only with your support. Contribute now New Delhi: The US Department of Justice is reportedly investigating whether the Adani group had imported Iranian petrochemical products from Iran, according to a report by the Wall Street Journal, even as the conglomerate negotiates a settlement in a separate foreign bribery case. Describing the allegations as 'baseless and mischievous', an Adani Group spokesperson denied any 'deliberate engagement in sanctions evasion or trade involving Iranian-origin LPG'. The Adani spokesperson also stated that it wasn't aware of any investigation by US authorities on this subject. 'The timing of the WSJ's story clearly betrays an intent to adversely influence the DoJ indictment against Adani,' the spokesperson added. The Journal had previously reported on April 13 that lawyers representing Gautam Adani had asked the US Department of Justice to drop criminal charges accusing him of orchestrating over USD 250 million in bribes to secure solar energy contracts in India. The charges, unsealed in October 2024, named Adani, his nephew Sagar Adani, and six other executives across three companies. In a parallel civil case, the US Securities and Exchange Commission (SEC) filed complaints against Gautam and Sagar Adani for allegedly violating anti-fraud provisions of federal securities laws. On May 5, Bloomberg reported that negotiations between Adani's legal team and officials from the Trump administration had intensified and could lead to a resolution 'in the coming month or so.' The Journal 's June 2 report, citing sources, says US prosecutors are 'reviewing the activities of several LPG tankers used to ship cargoes to Adani Enterprises'. The WSJ also did an investigation tracking a group of LPG tankers travelling between Gulf ports and Adani-operated Mundra port. It said they found allegedly tell-tale signs of ships attempting to obscure their activities, which includes manipulating the ship's automatic identification system, or AIS, which shares a ship's position. 'Purchasers of Iranian oil and gas products often use forged documents from Oman and Iraq, according to several people familiar with the trade,' the WSJ reported. The report focuses on a Panama-flagged tanker, SMS Bros (renamed Neel), which according to AIS data was docked in Iraq's Khor al Zubair port on April 3. However, satellite images from the same day reportedly show no trace of the ship there. Instead, a vessel matching its profile was docked at an LPG terminal in Tonbak, Iran. Four days later, the tanker appeared off the UAE coast, with its data indicating it was riding lower in the water – suggesting it had taken on cargo. Although the vessel broadcast an anchorage near Oman's Sohar port, it never appeared to dock there. Two days later, Adani Global PTE contracted the ship to load approximately 11,250 metric tons of LPG at Sohar and transport it to the Mundra port. Indian customs records from April 17 show Adani Enterprises imported a cargo matching the shipment's profile, valued just over USD 7 million. The SMS Bros, a tanker renamed as Neel last year, has shown several discrepancies in its shipping records, with a Bangladeshi port document from June indicating a delivery of Iranian-origin LPG for an unidentified importer, even as its AIS data pointed to a journey to Iraq – similar to a pattern observed in April, according to The Wall Street Journal. Three other LPG tankers linked to Adani's Mundra port also show signs of obfuscation. One, operated by the same company that managed the Neel, exhibited similar spoofing behaviour and appeared on a US Senate watchlist of vessels suspected of transporting Iranian oil and gas. Another broadcast a port call in Khor al Zubair not visible in satellite imagery, while a fourth – frequently docking at Mundra – was named in a 2024 US Energy Department report for exporting Iranian petroleum Adani Group strongly refuted the Wall Street Journal report, calling the LPG segment 'operationally non-material,' accounting for just 1.46% of Adani Enterprises' consolidated revenue of over $11.7 billion in financial year 2024–25. It maintained that all LPG trade conducted by Adani entities complies with domestic and international laws, including US sanctions regulations. The group said it purchases LPG through contracts with reputed international suppliers, undertakes due diligence to ensure none are on the OFAC sanctions list, and uses third-party logistics firms to handle shipping in line with global compliance norms. Responding specifically to the shipment cited in the Journal report, Adani said it was a routine commercial transaction managed by third-party logistics partners, with documentation showing Sohar, Oman, as the port of origin. 'We do not own, operate or track vessels (including the alleged SMS Bros/Neel) and cannot comment on the current or past activity of vessels we have not contracted and do not control,' the group said, adding that all responsibilities of a bona fide importer had been fulfilled. The Wire is now on WhatsApp. Follow our channel for sharp analysis and opinions on the latest developments. 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Business Standard
6 hours ago
- Business Standard
TotalEnergies plans to boost LNG sales from US to India, says CEO
French energy giant TotalEnergies said it plans to increase LNG sales from the US to India and has invested about USD 5 billion in India over the past five years. TotalEnergies Chairman and Chief Executive Officer Patrick Pouyanne also informed that the company has invested a lot in solar and wind in India, particularly with Adani. "Future plans are to continue to develop energy business, of course, to sell more LNG, in particular, from the US. We are the largest US LNG energy we can bring more. We also have a big venture in Mozambique with Indian companies. We will intend to restart very soon to provide energy to India. So, that's also a plan. "And then on the renewable side, we continue to support the expansion of Adani Green, which has already a 14 Gigawatt of capacity. So, we will continue to support this growth," he told reporters here after meeting Commerce and Industry Minister Piyush Goyal on June 1. He was replying to a question on what are the company's future plans for India. Goyal is here on an official visit to meet French leaders and businesses to boost trade and investments between the two countries. Last year in November, TotalEnergies SE had said that it would make no new financial contribution as part of its investments in Adani group companies till the Indian firm's founder is cleared of bribery charges. In his meeting with the minister, Pouyanne said that he discussed investments of the company in India. "We have invested almost USD 5 billion in the last five years, in particular in gas, natural gas, importing energy, city gas, development of gas infrastructure in India, as well as renewables," he said. "We invest a lot in solar and wind in India, with Adani in particular. And so we discussed about our plans, what we've done and what we intend to do for the future. And of course, Mr. Goyal encouraged me to do more in India." He added that India is becoming an important market for LNG, number four in the world in 2024. "So for us, finding customers, long-term customers in India is good," he added.
