India’s financial landscape has seen a remarkable growth in investment spending since independence, particularly over the last decade during which more than half of the $14 trillion invested. A report by Motilal Oswal revealed that in the past 10 years, $8 trillion has been injected into the economy, to assist the country’s rapid expansion and…
MUMBAI: The US bribery charges against Adani Group relate to a single contract within Adani Green Energy, constituting approximately 10% of its operations, said Adani Group CFO Jugeshinder Robbie Singh on Saturday. Singh emphasised that no other companies within the broader Adani conglomerate are facing allegations of improper conduct. He, however, acknowledged that while the…
NEW DELHI: Days after filing a lawsuit in a New York court, the Securities & Exchange Commission has issued summons to Adani Group founder and chairman Gautam Adani and his nephew Sagar Adani, executive director of Adani Green, in a bribery case.“Within 21 days after service of this summons on you…you must serve on the…
Gautam Adani and seven other defendants allegedly consented to pay approximately $265 million in bribes. Gautam Adani, the founder and chairman of Adani group, along with his nephew Sagar Adani, have received summons regarding the US Securities and Exchange Commission’s (SEC) claims about paying $265 million (Rs 2,200 crore) in bribes for obtaining profitable solar…
The United States Department of Justice (DoJ) has filed charges against industrialist Gautam Adani. Days after the US indictment of Gautam Adani and other individuals, Adani Group CFO Jugeshinder Singh has said that the bribery indictment pertains to a single contract at Adani Green Energy. According to a Reuters report, the Adani Group CFO said…
Wealthy Investors: एनटीपीसी (NTPC) की रिन्यूबल एनर्जी सेक्टर की सब्सिडियरी कंपनी एनटीपीसी ग्रीन एनर्जी लिमिटेड का आईपीओ (NTPC Green Energy Limited IPO) केवल 2.55 गुना सब्सक्राइब होकर 22 नवंबर 2024 को बंद हुआ है. लेकिन इस आईपीओ में हाई-नेटवर्थ इंडीविजुअल्स (High-Networth Individuals) इंवेस्टर्स यानि अमीर निवेशकों के लिए जो 15 फीसदी शेयर्स शेयर्स रिजर्व रखे…
BHUBANESWAR: In a recent court filing, the US Securities and Exchange Commission alleged that Adani Green’s internal documents show huge kickbacks were made or committed to Odisha govt officials to influence decisions regarding a power supply agreement.The SEC complaint read, “According to Adani Green’s records, a payment equal to hundreds of thousands of dollars was…
NEW DELHI: The Securities & Exchange Commission (SEC) complaint in a New York court has said that Solar Energy Corporation of India had hoped to sign the power purchase agreement within 90 days of issuing letters of award to Adani Green and Azure Power in June 2020, but the high tariffs quoted by the companies…
BENGALURU: Finance minister Nirmala Sitharaman said India should position itself as a nation practising responsible capitalism. “We need to understand that capitalism also has its limitations. It is important to brand India as a responsible capitalist country, one that knows how to take care of its people, with many of its institutions doing their job,”…
Mumbai: Zomato, the app-based food delivery major that was listed in July 2021, will replace JSW Steel in the sensex on Dec 23, a BSE notice said. Currently, Zomato, with a market cap of Rs 2.3 lakh crore, is the 37th most valued company in India. Ready to Master Stock Valuation? ET’s Workshop is just…