Billionaire Gautam Adani's group on Monday listed out details of the $2.87 billion stake sales in group firms since 2019 and how $2.55 billion of this was ploughed back into business, as it looked to counter Congress leader Rahul Gandhi's claim of Rs 20,000 crore coming in to the conglomerate through 'shell companies'. While investors such as Abu Dhabi-based global strategic investment company, International Holding Company PJSC (IHC) invested $2.593 billion in group firms such as Adani Enterprise Ltd and Adani Green Energy Ltd (AGEL), promoters sold stake in Adani Total Gas Ltd and AGEL to raise $2.783 billion. "These funds were reinvested by promoter entities to support the growth of new business and in portfolio companies such as Adani Enterprises Ltd, Adani Ports and Special Economic Zone Ltd, Adani Transmission Ltd and Adani Power Ltd," the group said.
'Israel has received an extremely hard and rude reminder that it cannot go ahead and talk of normalisation of relations with other Arab countries without addressing the issues pertaining to Palestine.'
Weeks after it revised the rating outlook of two companies of embattled Adani group, S&P Global Ratings on Wednesday said it is watching for additional information on the conglomerate's governance and funding for any ratings action. Investors, it said, seek clarity on the credit impact of a string of allegations against the group in a short-seller report published in late January, and on the findings of a recently launched Supreme Court investigation. S&P Global published an FAQ-style commentary titled, "Adani Group: The Known Unknowns".
A small Ahmedabad-based chartered accountancy firm, whose appointment was questioned by a US short seller in its scathing report against the conglomerate run by billionaire Gautam Adani, has resigned due to "pre-occupation", Adani Total Gas Ltd said. Hindenburg Research in its January 24 report that levelled allegations of fraud, stock manipulation and money laundering against the Adani group, had also raised the issue of the size and capability of the firms auditing the conglomerate. Adani group has repeatedly denied all allegations.
Cohen, 52, was sentenced to 36 months in prison by the US District Court for the Southern District of New York.
In terms of plot, Season 4 matches Season 1. It is grim, fast-paced and engaging, recommends Deepa Gahlot.
In a boost to the embattled Adani Group, Mauritian Financial Services Minister Mahen Kumar Seeruttun has told the nation's Parliament that Hindenburg Research's allegations of the presence of 'shell' companies in the Island nation are 'false and baseless' and that Mauritius was in compliance with OECD-mandated tax rules. US short seller Hindenburg on January 24 alleged that billionaire Gautam Adani used shell companies based in Mauritius to manipulate stock prices of his Indian-listed companies.
'The Israeli government is saying, "OK, leave northern Gaza, because we're going to fight Hamas there".' 'But Hamas is not stupid. They are going to put militants in southern Gaza too. And then what's Israel going to do?' 'At some point are they going to say, 'Leave southern Gaza too because we want to fight Hamas there? Go across the border to Egypt"'? 'That's what people are worried about. Because they fear that once they cross the border into Egypt there will be no coming back.'
Donald Trump is set to be arraigned on Tuesday after being indicted last week by a Manhattan grand jury on charges arising from hush money payments made to a porn star during his 2016 campaign, making him the first former United States president to face a criminal charge and upending his bid to retake the White House in 2024.
The extraordinary admission on Tuesday came the same day as Trump's former campaign chairman, Paul Manafort, was convicted of five counts of tax fraud, two counts of bank fraud and one count of failure to disclose a foreign bank account. The jury was unable to reach a verdict on the remaining 10 counts, and the judge declared a mistrial on those charges.
American media quoted Trump's attorneys as saying that the 76-year-old Republican leader, eying the White House for a second time in 2024, will plead not guilty.
In the context of market integrity, the IRAI and RBI should go over the minutes of the LIC and SBI board meetings when the decisions to invest in Adani equity or debt were taken, notes Jaimini Bhagwati, former World Bank treasury professional.
The Supreme Court on Thursday asked the Sebi to probe within two months allegations of stock price manipulation by the Adani group and any lapses in regulatory disclosures, and also set up a panel to look into protection of Indian investors after a damning report by a US short seller wiped out more than USD 140 billion of the conglomerate's market value. The top court while directing the setting up of a six-member committee headed by former apex court judge Justice A M Sapre for the assessment of the extant regulatory framework and for making recommendations to strengthen the process said it was appropriate to set up such a panel of experts in order to "protect Indian investors against volatility of the kind which has been witnessed in the recent past". The court-appointed Justice Sapre panel, which will be provided assistance by the Centre and other statutory agencies including the Sebi chairperson, will have to submit its report in a sealed cover within two months, said the bench which comprised Chief Justice D Y Chandrachud and Justices P S Narasimha and J B Pardiwala.
You can consume 5 to 10 ml of water per kilogram of body weight in the two to four hours before a workout
Television newscaster Dibang remembers Astad Deboo, the legendary dancer, who passed into the ages on Thursday.
Amid a political furore over a meltdown in the Adani group shares, stock market data shows it is not only the plunge now but the sharp surge of the past also drew regulatory attention and enhanced surveillance. Adani group stocks have taken a huge beating on the bourses, losing billions of dollars in market value, after US-based activist short-seller Hindenburg Research made a litany of allegations, including fraudulent transactions and share price manipulation at the Gautam Adani-led group. The Adani group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements.
It is characterised by sudden repetitive movements, characterised by motor and vocal tics.
The percentage of patients with serious infections had halved from previous admissions.
Gautam Adani was the world's third and Asia's richest man a month back but a damning report by a US firm triggered a massive sell-off in shares of his apples-to-airport group, plunging his own wealth by $80 billion and the tycoon slipping to No.30 on the world billionaire index. Adani's sprawling conglomerate, which spans from sea ports to airports, edible oil and commodities, energy, cement and data centres, is under attack by US short-seller Hindenburg Research, which successfully deflated electric-vehicle maker Nikola Motors in 2020. Hindenburg, which held short positions in unidentified shares of Adani Group firms through its US-traded debt and offshore derivatives, on January 24 accused the conglomerate of "brazen stock manipulation and accounting fraud" and using a number of offshore shell companies to inflate stock prices.
Aseem Chhabra presents his list of 10 international films that mattered to him, stories that he connected with and characters that gave him a better understanding of the human condition.
Monday, September 5, and Tuesday, September 6, will mark 50 years after 11 members of Israel's Olympic team were killed in what is known as the Munich massacre in history.
It is recommended that you consume 1 to 4 gm of carbohydrates per every 2.2 pounds (approx 1 kg) of body weight if you are planning to exercise for longer than an hour.
According to a media report, Trump's comments could create a predicament for him and his legal team.
Out of 120 members of the Knesset (Israeli parliament), Netanyahu has the support of 64 members
The only thing that might justify a response is the desperate state of Pakistan's economy and how its people are suffering. But it's better to be heartless for now, argues Shekhar Gupta.
The 78th Annual Golden Globe awards have been announced. A quick look at the winners.
The US president is facing off against a series of accusations put together by a team of investigators.
Will Smith, who had once portrayed the irreverent Muhammad Ali with such aplomb, brings the character of Richard Williams alive. The accent, the dialect, the body-language and the ever-present chip on the shoulder, observes Deepti Patwardhan.
At Hollywood's most glamorous night -- the 93rd Academy Awards -- celebrities put their best fashion foot forward.
Priyanka Chopra and Nick Jonas announced the Academy Awards nominations.
Over 630 rockets were fired at Israel from Monday evening through Tuesday afternoon, 200 of which were intercepted by Iron Dome missile defence batteries while 150 others fell short of their targets and landed inside the Strip, according to the army.
Borat being Borat, a girl juggling between suitors, a kid making a trip to the moon, a father and daughter spying over the latter's husband, Sukanya Verma makes her recommendations on the OTT for this week.
Coping with COVID-19 in India, the flare-up of Israel Palestinian violence, muted celebrations of Eid amid the coronavirus pandemic, and much more -- that's the week that was.
A round-up of the action in the English Premier League on Monday.
Given the dimensions, it is bound to have at least ripple effects across markets. Could ripple turn into cascade? asks Devangshu Datta.
Airlines operated at much lower capacity of about 27% this July compared to July 2019 level, but there was a marginal rise over the 25% capacity achieved in June 2020.
Pelosi told The Washington Post, "Impeachment is so divisive to the country that unless there's something so compelling and overwhelming and bipartisan, I don't think we should go down that path, because it divides the country. And he's just not worth it."
"The recent election in Pakistan, as well as the normalising of US-Pakistan relations, are necessary but not sufficient conditions for the regularising of India-Pakistan relations," noted American scholar Stephen P Cohen has said.
'What his minions do, we are not sure, but he has got to keep them under control. Pogroms against Muslims in India -- I don't think that is going to be his policy.'
Here's how she is linked to the most talked about Oscars speech of the year.
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