CATEGORIES

Questions of propriety in Adani Power director's audit practice

An accounting firm run by an independent director of Adani Power Ltd is the auditor for Adicorp Enterprises, the entity behind a complex transaction that involved lending ₹608.5 crore to the power producer, prompting concerns about potential conflicts of interest and the adequacy of disclosure practices.

Two traders built big Adani Ent positions as GQG stepped in

Two large traders initiated huge positions, estimated potentially at ₹500 crore as of Friday closing, on the derivatives counter of Adani Enterprises, the Adani Group flagship, around the time ace investment manager Rajiv Jain’s GQG Partners picked up a 3.39% stake in the company from the SB Adani Family Trust.

'Need to probe four Mauritius funds'

Hindenburg Research in a January 24 report accused Adani group of \"brazen stock manipulation and accounting fraud\" and using a number of offshore shell companies to inflate stock prices.

Can't take money out of China; India, Brazil are better: Mobius

Mobius, who calls himself 'the Indiana Jones of Emerging Market investing', told FOX Business he's increasing exposure to alternative markets such as India and Brazil.

Online gaming cos move CBDT, PMO to oppose tax rules

The online gaming industry has approached the Central Board of Direct Taxes (CBDT) and the Prime Minister’s Office (PMO) to oppose changes in tax deduction at source (TDS) and Goods and Service Tax (GST) on the sector.

Zetwerk raises ₹100 cr debt led by Edelweiss

Company will utilize funds to make fresh acquisitions and drive growth

India taps Siemens to build e-corridors

India is in talks with Germany’s Siemens AG to develop e-corridors in the country, said two people with knowledge of the matter.

Govt to make Kolkata health institute top forum for policy discourse

This follows a government review which found that private institutes have of late become the face of India's public policy space, diminishing the role of the government's own public health institutes.

Wealthy ditch private jets for commercial as covid eases

Many of India’s wealthiest people are leaving their private bubbles to join commoners on commercial flights, as the pandemic fades and airlines get back into rhythm.

Order on gratuity in HDFC Bank case may hit corporates

At the centre of the case is a petition filed by a former employee of HDFC Bank before the controlling authority under the Payment of Gratuity Act, 1972.

Centre may ease AT-I bond valuation rules

The move aims to make the bonds more attractive to investors

Handmade paper that can last 1,000 years

The Jungshi Handmade Paper Factory in Thimphu is preserving the ancient art of paper making, or 'desho'

Startups consider options against Google on excess fees

Google, on 24 February, opened its alternative billing policy to all developers in India.

Aviation firms swing to profit as demand soars

AAI is set for a turnaround with net profit of ₹1,900 crore for FY23

Crowdfunding by startups draws regulator's ire

The RoC order said that section 42 of the Companies Act prohibits companies going for private placement of securities from releasing any public advertisements or using marketing or distribution channels or agents to inform the public at large about such an issue.

India taps its Asean missions to push local electrical gear

Recently, a Dhaka power company rejected certification by India's CPRI in its global tender

'Panasonic's shift to help India'

In FY 24, the company expects revenues of ₹12,600 crore, a 13-14% increase over FY23 expected revenues of ₹11,000 crore.

India in talks with Embraer, Sukhoi to make jets locally

The world’s fastest-growing aviation market is trying to ramp up its small-plane fleet as airports with limited capacity and short runways are not equipped to handle narrow-body planes of Airbus SE and Boeing Co. that dominate the Indian skies. This will help the government bolster tourism and facilitate faster access to remote areas in the South Asian giant of 1.4 billion, which recently has been seen to surpass China in population.

We defended our folks, says Lavrov on Ukraine

Russia's Lavrov accuses West of unfair treatment, defends Ukraine war

SoftBank's Son to join Modi at Oyo founder's wedding gala

Prime Minister Narendra Modi had also been invited to the entrepreneur's wedding.

Doms acquires 30% stake in toy company ClapJoy

Doms Industries is gearing up for an initial public offer in the next 12-15 months, according to recent media reports.

India's February services output at 12-year high, shows PMI data

The seasonally adjusted S&P Global India Services PMI Business Activity Index stood at 59.4 in February, up from 57.2 in January.

Quad sharpens focus on terror threat, Ukraine

In the latest Quad meeting, a year since Russia’s invasion, the talks turned to how the war in Ukraine would end.

SC extends stay on Bombay HC order in ATI bonds case

The SC order extends stay till 28 March, providing temporary relief to Yes Bank ht.

Al geeks poised to get up to 115% pay hike as demand for talent hits the roof

Even as the information technology (IT) and startup sectors witness a slowdown, a few skill sets are commanding a 100% increment in annual compensation on the back of increasing demand.

NCLAT clears decks for RCap's second auction

The legal tussle began when Hindujas topped Torrent’s bid after the auction.

Blinken pressed Lavrov in rare but brief meeting at G20

Secretary of State Antony Blinken held a brief encounter with his Russian counterpart on the sidelines of the Group of 20 summit in India, their first in-person meeting since Russia's invasion of Ukraine a year ago.

Booze policy must beat its licence raj hangover

It has been both a pluralist wonder and social dilemma, with supply clamps making space for a brew of rent, pelf and political intrigue. Relief may lie in a less mixed-up policy response.

A study shows that Wall Street traders have lost their swagger

This post-pandemic behavioural finding could influence markets.

The macro-economic landscape has changed over the last month

Post-budget developments have altered India’s economic scenario slightly but enough to warrant high-level policy attention.