Adani Group’s Chief Financial Officer, Jugeshinder Singh, has firmly dismissed recent allegations by US authorities implicating the company’s top executives, including Chairman Gautam Adani, in a $265 million bribery scheme. Speaking at an event in Mumbai, Singh stated that the individuals accused would provide a detailed response within 10 days to address the
Business
NEW DELHI: K Raheja Corp Investment Managers Pvt Ltd, formerly known as K Raheja Investment Managers LLP, has resolved a regulatory issue with the Securities and Exchange Board of India (SEBI) by paying a settlement fee of Rs 68.73 lakh. The case revolved around alleged violations of Real Estate Investment Trust (REIT) rules related to […]
On November 21, 2024, Gautam Adani, the chairman of Adani Group and one of India’s wealthiest individuals, faced a massive setback as his net worth plummeted by over ₹88,726 crore ($10.5 billion) in a single day. The sharp decline followed an alleged indictment in New York, accusing Adani and his associates of paying bribes exceeding […]
Elon Musk has officially become the wealthiest individual in history, with a staggering net worth of $347.8 billion, as reported by CNN. This record-breaking achievement follows a remarkable 40% surge in Tesla’s stock since Election Day, including a 3.8% jump on Friday alone, which brought the stock to $352.56 — its highest level in over […]
In a significant development, a U.S. court has reportedly issued an arrest warrant for Gautam Adani, the billionaire founder and chairman of the Adani Group, following allegations of a multi-billion-dollar fraud and bribery scheme. According to ABC News, the arrest warrant will be forwarded to foreign law enforcement authorities as part of the legal process. […]
Global private equity giant Blackstone is in advanced discussions with the South City Group, a consortium of Kolkata’s leading real estate developers, to acquire South City Mall, eastern India’s largest and most successful shopping destination. The group is also negotiating the sale of Altair Residences, a luxury housing project in Colombo. The combined value of […]
In a significant milestone for the Indian ferrochrome industry, Tata Steel’s Ferro Alloys and Minerals Division (FAMD) has become the first in the country to publish an Environmental Product Declaration (EPD) for its ferrochrome products. This achievement was announced by the company on Friday, marking a critical step forward in its commitment to sustainable business
Just ahead of its proposed ₹200 crore SME IPO, Rosmerta Digital Services Ltd has landed in fresh controversy after multiple complaints were reportedly sent to regulators and government authorities, raising concerns over the company’s disclosures and financial practices. According to reports, complaints have been submitted to the Securities and Exchange Board of India, the
Mumbai, India – [14.11.24] – Navrattan Green Crete, the groundbreaking innovation by the Navrattan Group, is set to revolutionize the construction industry with its sustainable and high-performance cement solution. Navrattan Green Crete offers exceptional strength and versatility across a range of concrete grades, from M30 to M60, all while reducing the environmental
Mumbai, Nov 13: A group of investors has raised serious concerns over the proposed SME IPO of Rosmerta Digital Services, which recently filed its Draft Red Herring Prospectus (DRHP) with Securities and Exchange Board of India to raise ₹206 crore. According to sources, multiple complaints have been submitted to SEBI, the Finance Ministry, and other […]
