Billionaire Gautam Adani-led conglomerate on Tuesday said it will use its own resources to fund a Sri Lankan port project and not seek US funding. In an exchange filing late on Tuesday,…
Author: BNW News
Gautam Adani, Sagar Adani clear of bribery charges as per DoJ Indictment, claims AGEL
In its filing, AGEL has cited the news reporting by various media houses on the bribery and corruption charges against Adani Officials as ‘Incorrect’. “Media articles which state that certain of our directors namely Mr. Gautam Adani, Mr. Sagar Adani and Mr. Vneet Jaain have been charged with violation(s) of the US Foreign Corrupt Practices Act (FCPA) in the indictment.
Moody’s cut rating outlook on seven Adani companies
Moody’s affirmed the ratings on all seven entities — Adani Ports and Special Economic Zone Ltd, two limited restricted groups of Adani Green Energy Ltd, Adani Transmission Step-One Ltd, Adani Transportation Restricted group 1 (AESL RG1), Adani Electricity Mumbai Ltd and Adani International Container Terminal Pvt Ltd.
Too little, too distant! India rejects USD 300 bn climate finance package for Global South
India on Sunday rejected the new climate finance package of a meagre USD 300 billion annually by 2035 for the Global South at the UN climate conference here, calling it “too little…
PLI scheme: Selective approach on performance incentive unacceptable, says AIBEA in letter to Government
“It risks fragmentation of the workforce and impairing the collective growth and harmony, which is paramount and essential for any organizational growth and sustainable success,” C H Venkatachalam, general secretary of AIBEA said in the letter.
Exchanges seek clarification on disclosure violations by Adani Group entities
On clarification with regard to Kenya cancelling airport expansion and energy deals following the US bribery and fraud indictments, the group is yet to respond to the bourses
CPI inflation bounce back to 6.2 % in October
Subdued global commodity prices amid concerns over global demand should further aid in moderation of the headline inflation going ahead. In October, global commodity price index declined by 4.3% YoY, while Brent crude prices fell by 15% YoY. However, it is crucial to monitor geopolitical developments closely, as these could significantly influence global commodity markets and supply chains.
Keerthana Finserv MD Reddy donates Rs5 lakhs to Aadi Shankar treatment fund
Aadi Sankar, son of Chandresh, Manakkalath House, Velappaya, Thrissur is suffering from Hyper IG E Syndrom, which severely impacts the immunity of the body. The treatment will require around Rs45 lakhs.
Demonetisation anniversary: A political thriller turns 8
The much-hyped demonetisation has failed to break real estate’s love for black money, per a recent survey. Black money continues to be dominant in real estate.
Bibek Debroy, economist & chairman of PM’s economic advisory council, dies at 69
He had worked in Presidency College, Kolkata; Gokhale Institute of Politics and Economics, Pune; Indian Institute of Foreign Trade, Delhi; and also as the Director of a Ministry of Finance/UNDP project on legal reforms.