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.
Adani has been supplying power under a 25-year contract signed in 2017 under ousted PM Sheikh Hasina, from a $2 billion power plant in Jharkhand that has two units.
Company paid settlement as 2 of its senior executives were implicated in bribery of officials in the govts of Tamil Nadu and Maharashtra to obtain construction-related permits.
Bills listed for introduction, consideration and passing include Mussalman Wakf (Repeal) Bill, Bharatiya Vayuyan Vidheyak, and the Disaster Management (Amendment) Bill, among others.
U.S. International Development Finance Corporation has not reached a final agreement on the loan, an official with the agency said in an email to Bloomberg.
If the question is whether Indian authorities can launch their own investigations based on the findings of a foreign government, the answer is that there is precedent.
It is also not a good idea for a Prime Minister to be perceived as being close to one businessman, even though it is not likely that he favours only one of them.
Other Adani stocks like ACC, Ambuja Cement, Adani Total Gas and its recent media acquisition NDTV, however, closed in green, showing some resistance to the volatility.
At press conference in Congress HQ, the Leader of Opposition said the billionaire businessman should be arrested as it is now 'pretty clear he broke both American and Indian law'.
For all its obvious blemishes, capitalism alone holds out the most creative and dynamic force that any civilization has ever discovered, wrote BP Godrej in 1980.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
This is the first major attack on central security forces since last November, when a CRPF jawan was killed and four were injured in an ambush in Jiribam on Manipur-Assam border.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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