Among the 500 businessmen invited are Tata Sons Chairman N Chandrasekaran, billionaire Kumar Mangalam Birla, and Bharti Airtel founder-chairman Sunil Mittal.
OCCRP report names 2 foreign businessmen, which it says have 'widely reported' ties with Adani family and 'invested in publicly traded Adani stock through opaque investment funds'.
Months after allegations by Hindenburg Research, US Attorney’s Office, Securities and Exchange Commission has sent inquiries to investors with large holdings, according to Bloomberg report.
After the Adani Group took over Haifa port, the dockworkers were embroiled in internal battles. They all wanted to grab a large share of the privatisation grant.
SEBI, in a petition filed on 29 April, had sought six months to complete its probe, following a court order on 2 March that gave the regulator two months to submit its report.
Over past decade, wealth from crony-capitalist sectors in India rose from 5% to 8% of its GDP. Over 60% of increase in crony capitalists' wealth has come from US, China, Russia & India.
NCP chief Sharad Pawar’s ‘support’ for Adani has rubbed ally Congress the wrong way, but it’s not the first time. Pawar-Adani ties go back years and have caused friction before too.
Fitch said that Adani Transmission Ltd & Adani Ports and Special Economic Zone are prone to risks due to governance weakness at the parent conglomerate.
In 24 January report, Hindenburg Research said stocks of Adani Group’s 7 listed companies 'are 85% overvalued'. At least 3 of these have since seen their stock price fall by almost that amount.
The claim that VB-GRAMG provides an employment guarantee is incorrect. The only guarantee is to 'empower' the Centre to allow partial implementation in notified areas alone.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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