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.
India has been pleading for long to bring reforms in institutions like the United Nations, IMF, and World Bank, which it believes are West-dominated and don’t reflect current global realities.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
Capable of being fired in plain and high-altitude areas, it has day-and-night capability and two-way data link to support post-launch target, aim-point update.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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