MUMBAI: Markets regulator Sebi is having a preliminary look at whether the Adani Group had violated disclosure norms while its chairman and some top officials dealt with a US DoJ grand jury subpoena and investigations by the FBI for wire frauds, violations of securities and other laws in the country for over a year. Sebi…
NEW DELHI: Airlines will now have to provide beverages and snacks to passengers when flights are delayed by two to four hours and meals on those delayed beyond four hours. The Directorate General of Civil Aviation (DGCA) has advised airlines as low visibility in north India has already started leading to delays this winter. And…
Following the US indictment, shares of Adani Group companies experienced a dramatic decline. On November 20, 2024, US prosecutors charged Indian businessman Gautam Adani and several executives from his conglomerate, the Adani Group, with orchestrating a $250 million bribery scheme aimed at securing contracts for solar power projects in India.Driving the news The US Department…
US prosecutors charged Gautam Adani with helping drive a $250 million bribery scheme to win solar energy contracts in India. India’s capital markets regulator is looking into whether the Adani Group violated rules mandating the disclosure of market-moving information, according to people with knowledge of the matter.The Securities and Exchange Board of India has asked…
Market experts have differing views on Adani shares’ future. Adani Group stocks: The market capitalisation of Adani Group stocks plunged by Rs 2.24 lakh crore, equivalent to $26 billion, following accusations by US authorities against Gautam Adani, his companies and executives regarding bribery and fraud on Thursday.The US Department of Justice‘s (DoJ) allegations against the…
Solar Energy Corporation of India NEW DELHI: Thirteen-year-old Solar Energy Corporation of India (SECI), the little known miniratna PSU, has seen a massive growth over the last 10 years.From an awarded generation capacity of 0.75 gigawatts (750MW) in 2014-15, it has seen the combined capacity soar to 65.3GW, according to data on its website. Over…
US prosecutors have indicted billionaire Gautam Adani and his nephew, Sagar Adani, among others, for their alleged role in a $265 million (Rs 2,000 crore) bribery case to secure solar power supply contracts in India, plunging the edible oil-to-ports giant into a second major controversy in 22 months, after the allegations by short-seller Hindenburg Research.Arrest…
NEW DELHI: Is battery rental model, which allows customers easier affordability by paying only for a car, with battery costs being paid as monthly EMIs, working for electric cars? JSW MG’s Windsor, the first electric car to come with ‘battery as a service’ (BAAS) model, was the largest selling green car last month, pipping much-established…
MUMBAI: Japanese retailer Uniqlo is increasing sourcing from India for global markets and is expanding production in the country, said Kenji Inoue, COO and CFO at Uniqlo India. “For our India stores, we are sourcing about 15.5% of our requirements locally but the share is higher for exports and the strategy is to keep sourcing…
MUMBAI: Reserve Bank of India governor Shaktikanta Das has reiterated that the central bank’s war against inflation is not yet over, indicating that rates will remain higher for longer.“By emphasising our firm commitment to realign inflation with the target, we also categorically say that it is not enough to be within the tolerance band, and…
