NEW DELHI: The Adani Group on Monday stated that no press statements have been issued by the Group or any of its companies or subsidiaries related to its ongoing projects and presence in Kenya.An Adani Group spokesperson said that “multiple fraudulent press releases “are being circulated by “vested interests with malicious intent” including one titled…
The Adani Group has been recognised in TIME’s World’s Best Companies of 2024 list, which was created in partnership with Statista, a prominent global industry ranking and statistics portal. In a media statement on Friday, Adani group which was ranked 736 expressed their gratitude. “The Adani Group is honoured to be featured in TIME’s prestigious…
Swiss authorities froze over $310 million across six Swiss bank accounts in connection with an investigation into money laundering and securities forgery allegations linked to the Adani Group, alleged Hindenburg Research citing recently released Swiss federal criminal court records.The US short-seller stated that the investigation, which began in 2021, has provided insights into financial practices…
MUMBAI: Hindenburg Research on Wednesday pointed out that Sebi chief Madhabi Puri Buch has maintained “complete silence” for weeks despite several entities making fresh charges. “New allegations have emerged that the private consulting entity, 99% owned by Sebi chair Madhabi Puri Buch, accepted payments from multiple listed companies regulated by Sebi during her time as…
Larsen & Toubro Ltd plans to invest more than $300 million to create a chip company, joining other Indian conglomerates in a push to build out a semiconductor industry in the world’s most populous country.The tech-to-construction company will spend the money over three years to establish a fabless chipmaker, which designs and sells semiconductors but…
India’s second chip manufacturing facility soon? The Maharashtra cabinet panel has given the green light to a substantial investment proposal amounting to $10 billion (Rs 83,947 crore) on Thursday. The venture, a collaboration between Tower Semiconductor and the Adani Group, aims to establish a semiconductor chip manufacturing facility at Taloja in Panvel, Devendra Fadnavis, the…
Troubles mount for Sebi chief Madhabi Buch: In an unprecedented move, officials from the Securities and Exchange Board of India (Sebi) lodged a complaint with the finance ministry on August 6, alleging that the regulator’s leadership has created a toxic work environment. The letter, which ET has reviewed, said, “Shouting, scolding and public humiliation have…
NEW DELHI: Adani Group‘s proposal to take over the airport in Nairobi, which has drawn protests from transport workers of the African nation, was criticised by the Congress which called it a move that could “convert into anger against India and the Indian Government.” Adani Enterprises has established a Kenyan subsidiary in a bid to…
The Congress on Monday levelled fresh conflict of interest allegations against SEBI Chairperson Madhabi Buch and asked Prime Minister Narendra Modi to come clean as the head of the appointments committee of the cabinet on her appointment. At a press conference, the Congress alleged that since the current SEBI chairperson took office in 2017, she…
MUMBAI: GQG Partners, the largest non-promoting shareholder in the Adani Group, picked up another 1.8% in Ambuja Cements on Friday for nearly Rs 2,750 crore through block deals. With this buy, the US-based investment firm‘s current exposure to one of the biggest cement makers in India went up to 3.1% from 1.3% earlier. This also…
