Adani Group: U.S. Department of Justice allegations baseless
Adani Corporate House in Ahmedabad. File. | Photo Credit: AP Hours after a statement from the New York Eastern District court indicted Gautam Adani and the other board of directors of Adani group of companies of criminal and civil irregularities, the Adani group denied the allegations against Adani Green calling
Why Gautam Adani was indicted in the U.S. over alleged $250mn bribery scheme?
Federal prosecutors in New York on Thursday (November 21, 2024) indicted Adani Group Chairman Gautam S. Adani, his nephew Sagar Adani, and six others on multiple counts of fraud. The charges stem from an alleged multibillion-dollar scheme to bribe Indian officials in exchange for favourable terms on solar power contracts, which
Sundaram Home Finance makes deeper foray into Coimbatore region
Sundaram Home Finance Managing Director D. Lakshminarayanan says that they are aiming for a threefold increase in overall disbursements of over ₹500 crore from the Coimbatore region in the next 12-18 months. Sundaram Home Finance (SHF) is aiming for a threefold increase in overall disbursements to over ₹500 crore in
PEWIN plans to expand Sri City unit capacity four-fold by investing ₹400 cr.
PEWIN Sri City Plant Head R. Manimaran says that it is one of the most modern and IoT connected plant with 88% automation. Components and finished goods are moved using Automated Guided Vehicles. Panasonic Electric Works India (PEWIN) is gearing up to increase the installed capacity of switches and sockets
CEA Nageswaran asks India Inc not to seek protective cover of weak currency
New Delhi: Chief Economic Advisor V. Anantha Nageswaran addresses the CII Finance 3.0 Summit, in Mumbai, Monday, Sept. 2, 2024. (PTI Photo) (PTI09_02_2024_000059B) | Photo Credit: – Chief Economic Advisor V Anantha Nageswaran on Thursday (November 22, 2024) advised India Inc not to seek protective cover of weak currency as
World Bank study recommends skill-based training to enhance jobs in multiple sectors
File photo of Union Minister Mansukh Mandiviya. | Photo Credit: ANI Services sector jobs and agriculture income enhancement present large opportunities for school-based skilling, according to “Jobs at Your Doorsteps,” a skill gap study prepared by the World Bank based on availability of skill education and jobs in Himachal Pradesh,
U.S. SEC summons Gautam Adani, nephew Sagar in bribery case
Indian billionaire Gautam Adani. File | Photo Credit: Reuters Adani group founder and chairman Gautam Adani and his nephew Sagar have been summoned to explain their stand on the U.S. Securities and Exchange Commission (SEC) allegation of paying $265 million (₹2,200 crore) in bribes to secure lucrative solar power contracts.
None of Adani portfolio firms subject to any legal case: Group CFO
Adani Group CFO Jugeshinder Singh. | Photo Credit: Reuters None of Adani group portfolio companies, comprising 11 listed firms, have been accused of any wrongdoing, conglomerate’s CFO Jugeshinder Robbie Singh said on founder and chairman Gautam Adani’s indictment on bribery charges in the US. In a post on X (formerly
Adani Green Energy’s CFO defends against U.S. charges, says linked to one business contract
Represesntational image. File | Photo Credit: AP A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy comprising some 10% of its business, and none of the conglomerate’s other companies are accused of wrongdoing, the group’s CFO said on Saturday (November 23,
Prosecute Gautam Adani or extradite him to U.S., demands Andhra Pradesh Congress chief Y.S. Sharmila
Andhra Pradesh Congress Committee president Y. S. Sharmila. File | Photo Credit: The Hindu The Andhra Pradesh Congress Committee (APCC) president Y.S. Sharmila has slammedPrime Minister Narendra Modi for “protecting a corrupt businessman like Gautam Adani.” In a statement she posted on the social media platform X on Saturday (November