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.
The cement industry has been consolidating since FY18, with the larger players looking to not only increase their capacities but also widen their geographical reach.
New Delhi: The Congress Saturday alleged foul play in the Adani Group-owned Ambuja Cements’ takeover of another cement firm called Sanghi Industries Ltd (SIL)...
Shares of the two companies were, however, still trading lower than their January levels after the Hindenburg report battered shares of Adani Group companies.
The Russia-Ukraine war exposes a complex paradox of power where the world’s most powerful country, with all its resources, is falling short in coercing a much more weakened Russia to kowtow to its demands.
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.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
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.
COMMENTS