After the US prosecutors in New York indicted Adani Group Chairman Gautam Adani, his nephew Sagar Adani and six others in a $265 million bribery case, Adani Group denied the allegations, calling it ‘baseless’. In a statement, Adani Group spokesperson said, “As stated by the US Department of Justice itself, “the charges in the indictment
Adani Group has once again entered into a yet another fresh controversy after the US prosecutors indicted him, his nephew Sagar Adani and six others for allegedly offering Rs 2,029 crore ($265 million) in bribes to Indian government officials for securing “lucrative solar energy supply contracts” with state electricity distribution companies. Gautam Adani and his
While the news of billionaire chair of conglomerate Adani Group, Gautam Adani’s indictment by the US prosecutors is doing the rounds since the early hours of Thursday, India time, what really happened and what were the series of events that unfold? On Thursday, the US Attorney’s office in New York released a press release stating
Crude oil prices are on upward trajectory on November 21 supported by the geopolitical concerns related to the Russian and Ukraine war. The concerns regarding the escalation of tension between both the nations outweigh the assurance from increase in the stockpiles of US crude inventories in recent days. Brent crude futures increased 16 cents, or
Go to Live UpdatesAdani Power Share Price Today Live Updates, 21 Nov, 2024: Adani Power shares are in the news and the counter closed trade on 19 Nov, 2024 at Rs 524.1. The shares touched intraday high of Rs 537.5 in the last trading session while the intraday low was at Rs 521.5. The company’s
Go to Live UpdatesAdani Enterprises Share Price Today Live Updates, 21 Nov, 2024: Adani Enterprises shares are in the news and the counter closed trade on 19 Nov, 2024 at Rs 2820.2. The shares touched intraday high of Rs 2894.0 in the last trading session while the intraday low was at Rs 2811.0. The company’s
The Triumph Street Triple has always been the go-to motorcycle for those wanting a street naked with all the bells and whistles while offering the best performance. In the international markets, the KTM 890 Duke R has always been a thorn for Triumph, and that has now made its way to India to disturb the
Shares of Australia-listed fund manager GQG Partners nosedived 20% on Thursday, November 21, after media reports indicated the firm was reviewing its investments in India’s Adani Group. This comes in the wake of US prosecutors charging Adani Group’s chairman Gautam Adani and 7 others in connection with an alleged $250 million bribery and fraud scheme.
Since the Securities and Exchange Board of India (SEBI) permitted the launch of silver Exchange-Traded Funds (ETFs) in November 2021, these funds have witnessed remarkable growth. By January 2025, the total Assets Under Management (AUM) for silver ETFs surpassed Rs 13,500 crore, with over six lakh investor folios. As of that date, there are 12
The China Securities Regulatory Commission (CSRC) has suggested implementing salary reductions of up to 50% for fund managers whose investment products either incur losses or fail to meet benchmarks by 10% or more. This initiative, announced on March 14, 2025, is part of efforts to reform China’s $4.6 trillion mutual fund sector in light of
The Central Pension Accounting Office (CPAO) has issued new guidelines to ensure timely pension to retired employees of the National Pension System (NPS). In an Office Memorandum (OM) issued on March 12, 2025, the CPAO has reminded the concerned officials that NPS pension cases should be processed in the same manner as the Old Pension
Securing your children’s financial future is one of the most important responsibilities of a parent. From education and marriage to other key life expenses, your growing children will need financial support at different stages. To ensure they have the necessary funds when required, it’s essential to diversify your investments across different schemes. In India, several
India witnessed a record-breaking surge in deal activity in February, with 226 M&A and private equity deals totaling USD 7.2 billion — the highest monthly deal volume in the last three years, according to the Dealtracker report of Grant Thornton Bharat. “This represents a 67 per cent increase in volumes and a 5.4-fold increase in
