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
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
As Air India gears up for its merger with Vistara on November 12, the Air India Group has announced a reshuffling of its senior leadership to streamline the transition. Vistara’s Leadership to Oversee Integration Vinod Kanan, the CEO of Vistara, who is also serving as Chief Integration Officer for the merger, will continue to lead […]
SYDNEY: India’s External Affairs Minister, S. Jaishankar, has outlined a strategic vision for strengthening US-India ties following Donald Trump’s recent presidential election win. Trump, who has secured a second non-consecutive term, is set to become the first convicted felon to hold the office of President in the United States. Despite the political upheaval, Jaishankar
