After US prosecutors charged Adani Group chairman Gautam S Adani and seven others with allegedly bribing Indian government officials, Bangladesh has decided to hire a legal and investigative firm to help review key power generation contracts, including the one with Adani Power. This review could lead to changes or even cancellations of some contracts, officials
Wind turbine maker Senvion India plans to have 10 % of installed wind energy capacity in the country in the next three years from around nearly 2% now. “Senvion has around one GW of India’s 47 gigawatt (GW) installed wind energy capacity, accounting for 2.1% of the total installed capacity, and we plan to add
The government has started internal discussions on ways to revitalise the manufacturing sector, with a new set of incentives, as preparations for the Budget FY26 are underway. While investments in a clutch of sectors are already being promoted via production-linked incentives, what is being looked at now is a broader scheme, where government assistance would
It’s been a tough couple of years for Page Industries. The maker of innerwear and athleisure, retailed under the Jockey brand, has always banked on its premium fabric quality to carve out a leading share in an otherwise fragmented space. While the company managed a double-digit revenue growth in the September quarter, it must now
The government has started internal discussions on ways to revitalise the manufacturing sector, with a new set of incentives, as the preparations for Budget FY26 is under way. While investments in a clutch of sectors are already being promoted via production-linked incentives, what is being looked at now is a broader scheme, where government assistance
The agriculture ministry has approved integration of 21 additional mandis in Rajasthan to the digital wholesale platform electronicNational Agriculture Market (e-NAM), taking the number of physical markets linked to the platform to over 1,400 across states. Sources told FE that there are several states who have approached the ministry to integrate more mandi into e-NAM
Gautam Adani, 62, and seven other defendants, including his nephew Sagar, who is director at the group’s renewable energy unit Adani Green Energy Ltd, allegedly agreed to pay about USD 265 million in bribes to Indian government officials between approximately 2020 and 2024 to obtain lucrative solar energy supply contracts on terms that expected to
The U.S. Securities and Exchange Commission has issued a summons to Indian billionaire Gautam Adani, indicted on U.S. bribery allegations related to a bombshell federal indictment against him, a court filing showed. The SEC is suing the head of the Adani Group and his nephew Sagar Adani, alleging they engaged in hundreds of millions of
Zomato will not launch private labels and Blinkit’s quick food delivery platform, Bistro, operates independently without using any data from its Gurugram-based parent, Blinkit CEO Albinder Dhindsa clarified on Friday. The statement comes a day after the National Restaurant Association of India (NRAI) announced plans to take legal action against platforms like Zomato for allegedly
Infosys has escalated its legal battle with Cognizant by filing a counter-lawsuit in a US court. The lawsuit accuses the Nasadq-listed Cognizant and its CEO, Ravi Kumar, of engaging in anti-competitive practices and misusing sensitive information to undermine Infosys Helix, its flagship healthcare platform. The allegations were reported by Moneycontrol and mark a significant development
In a move that will bring relief to foreign portfolio investors (FPIs), the Securities and Exchange Board of India (SEBI) has proposed a doubling of the additional disclosure threshold for FPIs with an exposure of Rs 25,000 crore. The suggestion – to raise the floor to Rs 50,000 crore of equity assets under management –
Maha Kumbh Mela 2025: Days before the start of the world’s largest religious congregation ‘Maha Kumbh 2025’, digital payment app PhonePe, in partnership with ICICI Lombard General Insurance, has launched a first-of-its-kind insurance coverage for devotees travelling to Prayagraj. The insurance plan is designed for travellers attending the upcoming Maha Kumbh Mela from January 13
Shares of Indian IT outsourcing giants Infosys Ltd., HCL Technologies Ltd. and Wipro Ltd. got a boost from Donald Trump’s US election win. They will get a chance to comment on how his presidency might affect their businesses when they post earnings. Overall, investors appear to view the incoming administration favorably for the sector, as
