India’s Adani reports loss on payment to US over alleged sanctions breach

Company's flagship airport in Mumbai begins international operations Adani Enterprises' earnings for the April-June quarter were hit by a one-time charge to settle allegations by the U.S. that the company violated sanctions against Iran. © Reuters MUMBAI — India's Adani Enterprises reported a loss for the second consecutive quarter on Wednesday, as a one-time cost from the settlement of a U.S. sanctions probe in May ate into the rising earnings from its airports and copper smelting units.

Read the full article at the source →