GQG Partners, one of the biggest backers of Adani Group post the US short-seller Hindenburg Research row, said it is reviewing the need to potentially act on its investments in the group companies after the US authorities indicted founder Gautam Adani in an over $250-million bribery case. GQG Partners’ shares tumbled over 19% in Australia
About 93% of Adani Green Energy (AGEL)’s portfolio has executed power purchase agreements (PPA) with government-owned entities such as Solar Energy Corporation of India (SECI) NTPC, NHPC and state power distribution companies (discoms). AGEL primarily serves B2B customers such as state utilities and discoms. AGEL has entered into long-term PPAs with discoms to offtake the
The Securities and Exchange Board of India (SEBI) will probe allegations of disclosure violation that has come to light as part of an indictment filed by the Department of Justice (DOJ) and the US Attorney for the Eastern District of New York, according to sources. “SEBI will take action if there is any disclosure violation.
8th Pay Commission: The National Council of the Joint Consultative Machinery (JCM) was scheduled to meet with the government in the first week of November regarding the formation of the 8th Pay Commission. However, the meeting reportedly did not take place for some reason. It is now expected to occur next month, when some clarity
Kenya’s president said Thursday he has cancelled multimillion-dollar airport expansion and energy deals with Indian tycoon Gautam Adani after US bribery and fraud indictments against one of Asia’s richest men. President William Ruto in a state of the nation address said the decision was made “based on new information provided by our investigative agencies and
The indictment of Gautam Adani and seven others by the United States Department of Justice and the Securities and Exchange Commission (SEC) for alleged bribery and fraud is likely to trip the group’s ambitious fundraising plans. Experts said more bond offerings could be postponed, as corporate governance and reputational risks may keep investors away for
Prices of dollar bonds issued by Adani Group companies sharply fell on Thursday after Gautam Adani was charged by US prosecutors for allegedly being part of an elaborate scheme to pay $265-million (about Rs 2,200 crore) bribe to Indian officials in exchange for favourable terms for solar power contracts. Adani Ports and Special Economic Zone’s
The much-awaited Hyundai Ioniq 9 has been officially unveiled ahead of its LA Auto Show debut. The Hyundai Ioniq 9 will be the carmaker’s flagship EV offering and will go on sale in the US and Korea in the first half of 2025, followed by Europe and other international markets subsequently. Hyundai Ioniq 9 —
Go to Live UpdatesSensex Nifty Today | Stock Market Live Updates: Early trends from Gift Nifty indicates a positive start for the markets today. Asian markets are also trading higher, with key indices in Japan and South Korea opening on a positive note. Meanwhile, Indian stock markets have reopened after a long weekend and the
After a long weekend on account of Holi, the Indian stock markets are set to resume trading today, March 17. But will the break bring fresh momentum, or will investors return to a cautious start? Early trends from Gift Nifty indicate a positive opening. From Wall Street’s performance to key economic announcements, several factors will
After an extended break due to the Holi holiday and the weekend, the stock market is set to resume trading with plenty of action on the horizon today, March 17. With three days of global market movements, company updates, and economic cues piling up, investors will have a lot to factor in as the trading
By Anand James One point at the start of last week was how strong an offensive could the bears launch. At that point, we were just coming off a sub 25 RSI level, which had historically favoured a bounce back. But such moves also held a strong chance of fizzling out quickly. This is why
Ride-hailing platform Rapido is in advanced talks with restaurants and industry associations across four major metro cities to challenge the dominance of Swiggy and Zomato, which together command an estimated 95% market share. The move comes at a time when restaurants have been voicing growing concerns over high commission rates and potential conflicts of interest following
