The United States Securities and Exchange Commission (SEC) has requested a New York court to consolidate civil cases involving Indian industrialist Gautam Adani and Cyril Cabanes, a former executive at Azure Power. Filed on December 5, the SEC’s application argues that the two cases are
Business
Farmer leader Sarwan Singh Pandher announced that no jatha (group) of farmers would resume their foot march to Delhi on Tuesday. The decision comes as agitating farmers plan to deliberate on their next steps in a meeting of the Samyukta Kisan Morcha (Non-Political) and Kisan Mazdoor Morcha on the same day. The announcement follows incidents […]
New Delhi: The Noida Authority has cancelled the allotment of 14,000 square meters of land to Docile Buildtech Private Limited due to pending dues amounting to ₹130 crore. Despite multiple notices over the past six years, the company neither initiated construction on the land nor cleared its outstanding payments. The inaction led authorities to seal […]
The Adani Group is seeking to resolve allegations of public shareholding violations through a settlement with the Securities and Exchange Board of India (SEBI) to avoid regulatory penalties, according to a report by the Economic Times. The case revolves around accusations that Adani Enterprises and its subsidiaries, including Adani Power, Adani Ports, and Adani Energy,
In what is being termed the largest income tax raid in India’s history, the Income Tax Department seized ₹352 crore during a 10-day operation targeting Odisha-based liquor manufacturer Boudh Distilleries Private Limited. The unprecedented scale of the raid required extraordinary measures, including 36 cash-counting machines and bank employees to manually tally the enormous
Tensions remain high in Ghaziabad as the police registered two additional FIRs against lawyers involved in the October 29 courtroom violence, bringing the total number of cases filed to six. These latest FIRs name 44 lawyers, while 70-80 others remain unidentified. Lawyers have condemned the FIRs, calling them an attempt to discredit their ongoing protest. […]
The National Investigation Agency (NIA) conducted a massive operation on Thursday, raiding 22 locations across six states as part of an investigation into an organised human trafficking syndicate. The network is accused of luring young Indians with promises of lucrative jobs abroad, only to exploit them in overseas call centres involved in cyber fraud. Widespread […]
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
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 […]
