While heroin worth Rs 5,976 crore was seized at Adani port in 2021, Rs 1,515 crore of cocaine was seized from V. O. Chidambaranar Port in Tamil Nadu’s Tuticorin the same year.
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.
Currently, Adani Ports & Special Economic Zone Ltd operates 14 ports, terminals representing 27 percent of India's total port volume. Seven each are on east & west coast.
Adani Group won highest bid for Tajpur Port and was awarded Letter of Intent just over a year ago. Bengal industries minister says govt will soon release statement soon.
Adani operates the Haifa Port in northern Israel along with a local company after it completed its purchase for 4 billion shekels ($1.03 billion) in January.
Deloitte in its audit report highlighted certain transactions questioned in Hindenburg report, which SEBI is investigating. SEBI's report on Adani group's alleged fraud is due Monday.
Adani Ports said it has floated a tender of up to $130 million in outstanding debt, as it tries to boost investor confidence after the group's shares were pummelled Hindenburg's report.
Rather than presenting the full spectrum of Indian culture at once, a more strategic approach would be to identify one globally intelligible cultural lane & invest in it consistently.
Issued amid a West Asia war-induced energy crunch, the order now legally binds all entities controlling land, roads and housing societies to facilitate laying of pipelines.
The countries signed a memorandum for co-development of UNICORN masts in November 2024. India has been second Asian nation to have such an agreement with Tokyo, after Philippines.
COMMENTS