Billionaire Gautam Adani's group was on Thursday hit by fresh allegations of associates of the promoter family using Mauritius-based 'opaque' investment funds to secretly invest hundreds of millions of dollars to fuel the spectacular rise in group stocks during 2013 to 2018, a charge the conglomerate denied vehemently.
The Organised Crime and Corruption Reporting Project (OCCRP) on Thursday trained its guns on the Adani Group, alleging hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based 'opaque' investment funds managed by partners of promoter family, charges the conglomerate denied vehemently.
Hundreds of millions of dollars were invested in publicly traded Adani group stocks through Mauritius-based 'opaque' investment funds by partners of promoter family, the Organised Crime and Corruption Reporting Project (OCCRP) alleged on Thursday. The fresh allegations by an organisation funded by likes of George Soros and Rockefeller Brothers Fund come months after a US short seller wiped away close to $150 billion in value of Adani group stocks with allegations of accounting fraud, stock price manipulation and improper use of tax havens by the ports-to-energy conglomerate run by billionaire Gautam Adani. Adani group has denied all allegations. Citing review of files from multiple tax havens and internal Adani Group emails, OCCRP said its investigation found at least two cases where the "mysterious" investors bought and sold Adani stock through such offshore structures.
The South Korean foreign minister on Tuesday 'regretted the offence' caused to the people and government of India by the social media post on the so-called Kashmir solidarity day by the Hyundai Pakistan, a day after New Delhi summoned the RoK envoy to express 'strong displeasure' over the 'unacceptable' post.
India's archers showed tenacity and authority in equal measure to storm into the quarter-finals in all the six team events of the Asian Games.
Chung is being touted as the next Djokovic because of his relentless defensive skills.
South Korean tennis player Hyeon Chung will be a star attraction at the second edition of Tata Open Maharashtra beginning in December.
The forthcoming summit would review the implementation of the inter-Korean summit agreement signed between the two countries during the first meeting in Panmunjom.
As China continue to hold military drills near Taiwan coast after United States House Speaker Nancy Pelosi's recent visit to Taipei, President Tsai Ing-wen has appealed for international support for the island nation and halt the escalation of the regional security situation.
Sloane Stephens, Kim Clijsters, Hyeon Chung among others were made acquainted with snakes and crocs of a varied variety, and kissed and cuddled Koala bears on Wednesday.
India's Raja Randhir Singh has taken over as acting president of the Olympic Council of Asia as Sheikh Ahmad Al-Fahad Al-Sabah appeals a guilty verdict in a Swiss forgery trial.
The Australian Open men's singles final offers a rematch of the dramatic 2021 French Open final, in which Djokovic came back from two sets down to snatch the title and leave Greek Tsitsipas heartbroken.
Images from the FIFA Women's World Cup matches played on Tuesday.
Coronavirus outbreak has sparked speculation about whether the Games, scheduled to open July 24, could be postponed or even cancelled.
Wildcard Jannik Sinner completed a dream run when he beat top-seeded Alex de Minaur to win the final of the Next Gen tournament for the season's best Under-21 players on Saturday.
Ram Kumar Ramanathan will take on Seong-Chan Hong, ranked more than 200 places below him, in the first singles match of the Davis Cup Asia-Oceania group-I tie between India and South Korea starting in Chandigarh on Friday.
Ambani is in good company. The likes of ultra-rich individuals like hedge fund billionaire Ray Dalio and co-founder of Google Sergey Brin have chosen Singapore to establish their family offices. So have British inventor James Dyson, famous for his bladeless fans and hair dryers and vacuum cleaners, and Zhang Yong, founder of China's Haidilao hotpot restaurant chain, reports Lee Kah Whye.
Novak Djokovic said he would have to reassess the way forward for his injured elbow after it flared up again during his shock defeat by Chung Hyeon at the Australian Open on Monday.
Rafael Nadal survived a difficult start to see off Chung Hyeon of South Korea in straight sets and reach the semi-finals of the Barcelona Open for a 10th time on Friday.
'If the situation deteriorates and there is further escalation, the USA is in preparedness.'
A summary of sports events and sports persons, who made news on Friday
Federer welcomed the emergence of new challengers
The company, whose arm Maruti Suzuki is the largest passenger vehicles maker in India, asserted that it does not align with any political or religious inclination in any part of the world.
An angry Tennys Sandgren slammed journalists for "demonising" him with "sensationalist" reporting on his social media links to right-wing activists but said the controversy had not affected him during his Australian Open quarter-final loss to South Korea's Chung Hyeon.
At a ceremony in London on Thursday, the New Delhi-based writer said she was 'completely overwhelmed' with the 'bolt from the blue' as she accepted her prize, worth GBP 50,000 and shared with the book's English translator, Daisy Rockwell.
Author Geetanjali Shree's novel Tomb of Sand on Thursday became the first Hindi language work of fiction to be shortlisted for the International Booker Prize.
The US president lauded the announcement on Twitter, writing "Great progress being made but sanctions will remain until an agreement is reached. Meeting being planned!"
Wickremesinghe will resign after an all-party government is established and the majority is secured in Parliament.
No, this is not the next casting for the Avatar sequel. These are the colourful women taking part in the International Body Painting Festival in Daegu, South Korea. The festival is the largest in the field of body painting and introduces the art form to thousands of visitors each year.
Halep through but Stephens exits in Cincinnati
Sri Lankan security forces raided the main anti-government protest camp at the President's Secretariat in Colombo early on Friday, arresting nine people and injuring several others, as the protesters continued to occupy the sensitive area despite the resignation of Gotabaya Rajapaksa as president.
At least one person was killed and 12 others injured on Tuesday when the police opened fire to disperse angry anti-government protestors in Sri Lanka's southwestern region of Rambukkana, officials said.
In all the noise surrounding the Dok La confrontation, Claude Arpi focuses on a crucial issue that has hardly been covered -- the construction of roads for the armed forces and the local population to reach the most remote border posts.
The President had been moved out of his residence on Friday, in anticipation of Saturday's protests.
According to the zoo, two of the gorillas had started coughing on Wednesday, following which San Diego Zoo Global initiated the process of testing fecal samples from them for SARS-CoV-2 through the California Animal Health and Food Safety Laboratory System.
Kim Jong-un declared he would never surrender North Korea's nuclear weapons weapons even if his country faced 100 years of sanctions. Dr Rajaram Panda explains Pyongyang's new nuclear doctrine that makes the world a much more dangerous place.
BCCI president Sourav Ganguly ruled out any threat to the IPL or the South Africa series. But said the authorities are keeping a tab on the situation.
Kyle Edmund has the most destructive forehand in tennis and it can power him into the world's top 10, according to three-times Australian Open champion Mats Wilander.
The reminders will appear on Google.com instead of Google's social networking site Google+.
Meet Olympic silver medalist Mathias Boe.
