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.
Around 7,000 truck owners and drivers in Himachal Pradesh are protesting against Adani's 15 December decision to shut 2 cement plants over a dispute on freight rates.
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.
India exited the Indo-Russian FGFA programme in 2018. But now it might procure at least 2 squadrons of Su-57 aircraft from Russia and evaluate Russian proposal to manufacture them in India.
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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