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 amendment comes within a month of web-based taxi companies being banned in Delhi, after a taxi driver on Uber's network allegedly raped a finance executive early this month.
The total allocation for the road sector has been Rs 97,000 crore.
The public-private partnership model is a compulsion, says the minister.
Even as several trains have more than 200 waitlisted passengers every day, running some trains with so many vacant seats is a criminal waste of scarce resource.
If 2019-20 (FY20) was an unusual year for highway construction in India, with the pace of work slowing down for the first time since the Narendra Modi government assumed power in 2014, largely due to the general elections in May and liquidity crunch, the outbreak of the Covid-19 pandemic in 2020-21 (FY21) only made matters worse with lockdowns and labour unavailability. The pace of highway construction in 2021-22 (FY22) has not been able to bulldoze the pandemic barriers in a year marred by two Covid-19 waves - the second at the start of the fiscal year, the third towards the close. With localised lockdowns and restrictions on mobility, highway construction growth in the country has now fallen to a five-year low.
The main Opposition party Communist Party of Nepal-(Unified Marxist-Leninist) (CPN-UML) disrupted the National Assembly meeting on Wednesday, demanding the prime minister's resignation. The meeting has been postponed to 1 pm Thursday.
Giving a fillip to Dubai's transport network, the $1.25 billion tram has started services.
Though exports to Hong Kong, a major destination for India's polished diamonds, have resumed, the industry is currently sitting on an inventory worth around $2.3 billion.
Geo-fencing to map vehicle route; pilot run expected on Delhi-Mumbai highway
Nearly 6,000 passengers were stranded as train services on the Konkan Railway route in Maharashtra's Ratnagiri district were suspended on Thursday after a river overflowed following heavy rains, while incessant downpour badly hit road and rail traffic in several parts of the state, including around Mumbai, as authorities called in NDRF to help the administration in rescue efforts.
The apex court, which passed interim directions, said all migrant workers who are stranded at various places shall be provided food by concerned states and Union Territories (UTs) at places which shall be publicised and notified to them for the period they are waiting for their turn to board a train or a bus.
The US-based auto maker told the government an internal probe had revealed the company had violated testing targets
The waterlogging under the colonial-era bridge has again come into sharp focus after a 56-year-old driver of a mini-truck died allegedly due to drowning there on Sunday following a heavy downpour in the morning.
The migrants said that they prefer trucks and tempos to go back to their native places as the trucks drop them close to their villages, while buses drop them only till the state border, from where they have to find another mode of transport to reach home.
Proposals have been received for preparing the project report for the 600-km Delhi-Katra Expressway
The Indian men's skeet team stayed back to participate in their event
Authorities on Sunday imposed curfew-like restrictions in parts of Srinagar to prevent members of the Shia community from taking out Muharram processions on the eighth day of the 10-day mourning period, officials said.
Against an offer of 4.55 crore shares of Adani Enterprises Ltd, only 4.7 lakh were subscribed, according to information available from the BSE. Adani Enterprises fell almost 20 per cent to below the offer price of its secondary sale as all the seven listed companies of the conglomerate took a beating in the aftermath of Hindenberg Reserach alleged that the group was "engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades".
The Delhi government has banned construction and demolition activities in the city till November 21.
The United States leads the world with more than 1.6 million confirmed coronavirus cases, according to a tally by Johns Hopkins University.
Markaz Nizamuddin, which is the international headquarters of Tabilghi Jamaat for close to 100 years, offered its premises for setting up a quarantine facility.
IHMCL implemented the FASTag electronic tolling of national highways, but due to technical glitches, road ministry is mulling the option of offering this job to a Korean company
Neeraj Prakash, MD, Shriram General Insurance, explains how new measures proposed in the Motor Vehicles Act can smoothen the lives of the insured and insurer and how the government plans to make more vehicles owners buy insurance.
The Sikkim Government has confirmed that 14 people have died so far in the flash floods that occurred in Sikkim in the early hours of Wednesday.
Unless companies press the pedal on implementation, further stock price gains might be limited, says Hamsini Karthik.
A 67-year-old Indian visitor was stopped from entering the Dubai Metro, apparently for wearing a traditional Indian dhoti.
According to industry figures, the pre-Covid demand for liquid medical oxygen (LMO) before the pandemic was 700 tonnes per day across the country. Now, with the second wave, the demand has gone up more than seven times, reports Jyoti Mukul.
Society of Manufacturers of Electric Vehicle (SMEV) on Thursday said sales of EVs in India fell 20 per cent in the financial year 2020-21 to 236,802 units. In 2019-20 sales of electric vehicles (EVs), including electric two-wheelers (E2W), electric three-wheelers (E3W) and electric four-wheelers (E4W), stood at 295,683 units. For FY21, the E2W segment sales declined by 6 per cent to 143,837 units, as compared to 152,000 units in FY20, SMEV said in a statement, adding that the FY21 E2W sales included 40,836 high-speed and 103,000 low-speed E2W. The E3W segment registered sales of 88,378 units as against 140,683 units sold in FY20.
Nearly 240 projects were under various stages of implementation.
MV Ganga Vilas will begin its journey from Varanasi and sail around 3,200 km in 51 days to reach Dibrugarh in Assam via Bangladesh, traversing across 27 river systems in the two countries, it said.
Delegates of all G20 countries, barring China, arrived in Srinagar on Monday for the third working group meeting on tourism -- a much-anticipated event for which authorities have made extensive security arrangements and spruced up the summer capital of Jammu and Kashmir.
This is the second time in a week that the Karnataka state capital is witnessing such severe waterlogging.
The move will lead to augmentation of water infrastructure in the country
The Group of Ministers will examine the existing legal and institutional frameworks for dealing with matters of sexual harassment of women at workplace and recommend action required for effective implementation of the existing provisions, as well as for strengthening the existing legal and institutional frameworks for addressing issues related to sexual harassment at workplace, the statement said.
The Centre and state governments bonded and then fell apart during the longest lockdown walk.
"The DMK is not worried a wee bit," he said on the ED searches. Such an action by the ED was 'usual, ordinary and a drama' enacted to divert attention.
Acentral panel directed authorities to ban the plying of 4-wheeled diesel LMVs in Delhi and adjoining NCR districts and the entry of trucks into the capital.
Landslides triggered by incessant rain snapped rail and road links, an official bulletin said.
The death toll in the Mahad bridge collapse incident has reached 28 after navy divers on August 14 found the wreckage of a washed away SUV and recovered two bodies trapped inside it on August 14.
