Singapore's Wilmar will acquire Adani's 31% stake; proceeds from sale will be used to boost the Indian conglomerates growth in core infrastructure platforms.
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.
Two questions are pertinent: Why does the Trump administration keep making the same mistakes on the peace proposal? And what does a hurried peace plan mean on the ground?
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
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