NEW DELHI: Sebi chief Madhabi Puri Buch and her husband Dhaval Buch on Sunday rejected the claims of the fresh Hindenburg Research report alleging that the market regulator body chairperson had stakes in “obscure offshore entities used in Adani money siphoning scandal”.Issuing a point-by-point rebuttal, Madhabi Buch and her husband trashed allegations of impropriety levelled…
NEW DELHI: The Sebi chairperson Madhabi Buch and her husband Dhaval Buch, on Sunday, issued a statement addressing the allegations made by US-based Hindenburg’s research. The couple clarified that their investment in the fund cited by Hindenburg was made in 2015, while they were private citizens living in Singapore, prior to Madhabi’s appointment as full…
PATNA: Bihar CM Nitish Kumar Saturday laid the foundation stone for a Rs 1,600-crore cement grinding unit of Ambuja Concrete North Private Limited, a subsidiary of Gautam Adani‘s Ambuja Cement Limited (ACL), at Warisaliganj industrial area in Bihar’s Nawada.“The investment is a testament to Bihar’s growth potential and our commitment to fostering sustainable development for…
NEW DELHI: In a big boost to highway development, the cabinet on Friday approved eight major national high-speed road corridor projects of 936 km entailing Rs 50,655 crore investment. Goverment said the projects, spread across nine states, will improve logistics efficiency, reduce congestion, enhance connectivity and generate around 4.4 crore mandays of direct and indirect…
Akshay Kumar Diversified entrepreneur Ravi Jaipuria and actor Akshay Kumar have invested in Fashion Entrepreneur Fund (FEF), a platform that provides early stage investments and mentorship to fashion entrepreneurs, FEF said in a press statement on Friday. The fund is being set up on a corpus of $ 3 million, according to the platform. The…
NEW DELHI: India’s elderly population is expected to double by 2050, said UNFPA India chief Andrea Wojnar in an interview to PTI on Sunday. She further said that elderly women would be “more likely to live alone and face poverty”. With the Union Budget 2024 set to be presented on Tuesday, Wojnar said that there…
BENGALURU: Karnataka govt’s controversial decision to introduce hefty job reservations for “local candidates” in the private sector faced a severe backlash from industry bodies and the business community, forcing chief minister Siddaramaiah to retract, at least temporarily.Late Wednesday night, the CMO released a message stating: “The job reservation bill for Kannadigas, cleared by the state…
Jewellery retailer Bluestone is negotiating an investment of about Rs 830 crore ($100 million) from Peak XV Partners, Steadview Capital and Think Investments, people aware of the matter said. This pre-IPO (initial public offering) round will be a mix of share sale by early backers and fresh capital infusion that is expected to value the…
New Delhi: With the swearing-in of Narendra Modi’s council of ministers over, the question uppermost on everyone’s mind is who will be the next finance minister. Will Nirmala Sitharaman stay in the wood-paneled office on the first floor of North Block, which is home to the finance ministry, or will she move to another ministry…
HYDERABAD: Fast moving consumer goods giant Coca Cola has uncorked plans for its third greenfield facility in Telangana at an investment of Rs 700 crore.The proposed facility, to be set up by the American giant’s wholly-owned subsidiary Hindustan Coca Cola Beverages Pvt Ltd (HCCB), is slated to come up in Peddapalli district.The announcement was made…
