SEBI had sent notices to four Adani Group companies, alleging they had wrongfully categorised the shareholding of certain entities and seeking to recover about Rs 25 billion from them.
US indictments landed a blow on Adani Group, with international deals being reviewed and ratings agencies changing outlook. But recent efforts have helped it claw back market cap.
Global media, however, acknowledges that India does indeed face a Chinese threat. It also notes that controversy surrounding Adani Group creates problems for India’s own domestic growth.
This is significant since US said SECI was having trouble finding buyers for Adani & Azure solar power due to high rates. The firms then allegedly promised bribes to state govt officials.
Adanis not named in allegation of conspiracy to violate US Foreign Corrupt Practices Act, have been named in 'two or three counts relating to securities and bonds', says Rohatgi.
In a filing with the stock exchanges, the group has cited the news reporting on the alleged bribery & corruption charges against Adani officials as 'incorrect'.
Under pressure from opposition BRS, CM says corpus fund Adani offered 'being projected as some benefit to me or my govt', adds 'we have asked Adani Group to stop the fund transfer'.
Explaining the reasoning behind the decision, Telangana CM Revanth Reddy cited concerns over recent controversies and the need to uphold the state's reputation.
New CPI series will take 2024 as base year, will provide more accurate measure of inflation, spending on digital services. Expected to enhance representation and reliability, says Saurabh Garg.
The agreement, signed after meeting between Rajnath and US Secretary of War Pete Hegseth on sidelines of ADMM-Plus in Kuala Lumpur, aims to deepen bilateral ties in the critical sector.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
COMMENTS