Billionaire Gautam Adani and his nephew Sagar Adani have not been charged with any violations of the US Foreign Corrupt Practices Act (FCPA) in the indictment filed by US authorities in a court in a bribery case, the Adani Group said on Wednesday.
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Adani, nephew not charged with bribes in US: Group (27-11-2024)
Billionaire Gautam Adani and his nephew Sagar Adani have not been charged with any violations of the US Foreign Corrupt Practices Act (FCPA) in the indictment filed by US authorities in a court in a bribery case, the Adani Group said on Wednesday.
Where India’s Rich Invest In… (27-11-2024)
The Indian market remains an attractive place to do business for the nation’s entrepreneurs, with 75 per cent of them operating domestically.
Where India’s Rich Invest In… (27-11-2024)
The Indian market remains an attractive place to do business for the nation’s entrepreneurs, with 75 per cent of them operating domestically.
Do you need to apply for PAN 2.0? Read here (26-11-2024)
Existing Permanent Account Number (PAN) card holders are not required to apply for a new one under the upgraded PAN 2.0 system that is primarily aimed at introducing a ‘common identifier’ for all business-related activities, the Income Tax Department said on Tuesday. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, had approved the Rs 1,435-crore PAN 2.0 Project to streamline and modernise the process of issuing and managing PAN and TAN, making it more user-friendly and efficient.
Moody’s, Fitch cut outlook on Adani firms (26-11-2024)
Ratings agency Moody’s said on Tuesday that it has cut the outlook on the ratings of seven Adani entities to ‘negative’ from ‘stable’, citing the US indictment of chairman Gautam Adani and others on alleged bribery charges, while Fitch Ratings put some bonds of the conglomerate on negative watch. 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.
Trump’s tariff talks spook mkts; Sensex down 106 pts (26-11-2024)
Trump’s tariff threats spooks markets; Sensex down 106 points
Will Trump Be Adani’s Saviour? (26-11-2024)
‘If the criminal or civil charges are deemed unworthy or defective, Trump’s new justice department and SEC can withdraw the criminal and civil cases.’
Credit card spends rise 14.5% in Oct on festive buys (26-11-2024)
Credit card spending reached Rs 2 trillion in October, a 14.5 per cent rise from September, largely driven by festival season purchases. However, the volume of outstanding credit cards increased only marginally during the same period. The spike in spending comes at a time when nearly all major credit card issuers are calibrating their growth in the segment due to visible signs of stress.
Bumper kharif production to lower food inflation (26-11-2024)
Prospects of a bumper kharif harvest are expected to lower food inflation in the coming months, making the country’s inflation outlook benign, the Union Ministry of Finance (FinMin) said in its monthly economic report for October released on Monday.