The charges against Gautam Adani and other executives of the Adani group by the US Department of Justice (DOJ) can be appealed, and other legal recourse like a settlement route can be explored; but settlement comes with a cost, say legal experts.
On November 20, US prosecutors leveled bribery and corruption charges against several Adani group executives, alleging that they schemed to pay over $265 million in bribes to Indian government officials and conspired "to commit securities and wire fraud" to obtain funds from US investors on the basis of misleading statements.
The Adani group has denied the allegations as "baseless" and said that it will seek all possible legal recourse. To be clear, the group has not made any statement indicating settlement.
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Are consumers paying exorbitant price for farm products?
Agriculture Minister Shivraj Singh Chouhan recently flagged a gap between prices paid by consumers and those received by farmers. Often, wholesale and consumer food prices are compared to broadly assess this.
What lies ahead in the Year of the Snake?
Will we see a new trend with the sector shedding its skin and transforming itself? Or will the theme of the year remain continuity with change?
An SIF push to deepen the corporate bond market
A nudge to deepen India's corporate bond market is here, with the Securities and Exchange Board of India (Sebi) introducing a new asset class called Specialised Investment Funds (SIFs).
Field agents at a crossroads
The business correspondent channel is sought to be reworked with more offerings being hawked on it, reports RAGHU MOHAN
'Onboarding in retail credit has to be reworked'
Scienaptic AI, a credit-decision solutions platform offers technology to enable lenders to make more accurate and efficient decisions throughout a customer's life cycle — from initial application to management. And it helps them revisit legacy onboarding and credit underwriting processes. In recent times, the Reserve Bank of India has called attention to the runaway growth in retail credit and the risks arising from it. JOYDIP GUPTA, head of Asia Pacific at Scienaptic AI interacted with Raghu Mohan via email on the issues involved. Edited excerpts.
Direct stock investors: Seek refuge in quality stocks
MF investors should limit exposure to volatile categories like smallcap and momentum
Avoid overspending in early years of retirement
High inflation, even if it is predictable, devastates the retirement of people who do not study personal finance in detail. I have previously written that the post-tax returns on our entire corpus over our lifetime will likely be in the ballpark of inflation.
FoFs Get Their Groove Back: Tax Tune-Up Resets Growth Tempo
Domestic FoFs hit a flat note after losing indexation benefits in April 2023
'FY26 profit growth hinges on revenue trajectory'
Economic growth is likely to improve in the second half of 2024-25 (FY25) due to an increase in government expenditure, says Vetri Subramaniam, chief investment officer of UTI Asset Management Company (AMC). In an interview with Abhishek Kumar in Mumbai, Subramaniam says cash transfers to citizens by state governments can also contribute to consumption growth. Edited excerpts:
Tax shift throws a wrench in the gears of '24 buybacks
TAX PENDULUM SWINGS: ₹13,423 cr repurchases in '24, down 72% from '23
