Former RBI governor Raghuram Rajan has asked why SEBI has not yet got to the bottom of ownership of the four Mauritius-based funds who are said to have parked 90 per cent of their $6.9 billion in Adani group stocks, saying does the market regulator need help of investigating agencies for this? The funds -- Elara India Opportunities Fund, Cresta Fund, Albula Investment Fund and APMS Investment Fund -- have been under cloud for last couple of years after allegations that they may be shell companies. They came into focus once again in January when a US short seller alleged that Adani Group used offshore shell companies to inflate stock price.
A 67-year-old resident, Mangat Ram and a BSF jawan was injured in the firing.
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.
Oil and Natural Gas Corporation will shell out Rs 5,023 crore (Rs 50.23 billion) to subsidise kerosene and LPG in the second quarter of current fiscal.
Electing to bat, India's batting line-up came undone against South Africa's pace battery on a bouncy Perth wicket as they were reduced to 49/5 before Suryakumar Yadav played the rescue act.
For women, it is important to build an emergency fund and a financial independence fund independent of the couple's joint goals and plans.
Shell gets govt's nod to import petrol, diesel
Shubman Gill said the intent within the Indian team, in the build-up to the World Cup, was to improve their chasing record.
The Pakistan army used heavy weaponry, firing 120 mm mortars targeting civilian hamlets and forward posts since 5.30 pm on Tuesday, said an army officer.
Violating the ceasefire again, Pakistani troops pounded Indian posts and civilian areas along the LoC with 82 mm mortar shells and fired from automatic weapons in Poonch district.
For an annual dividend income of Rs 10 lakh or more, the investor will pay a DDT of 10 per cent
The Enforcement Directorate on Wednesday continued raids for the seventh day as it visited 17 locations across the country, including four shell companies in Mumbai, even as the Income Tax department attached assets worth Rs 145 crore in the alleged Rs 11,400-crore Punjab National Bank fraud.
All about India's favorite summer beverage/dessert indulgences.
'There was not a moment when the guns were out of action.'
Aseem Chhabra rates the movies he's watched in 2023, and tells you where you can watch them!
The song Naatu Naatu from S S Rajamouli's RRR has been nominated in the Best Original Song category at the 95th academy Awards. But that's not all.
Around 70 crew members had to abandon abandoned their ship in search of safety and are now scattered in nearby villages. Prasanna D Zore/Rediff.com spoke to one of the Indian crew member from Kutch Mandvi.
'They just say we agree to your demands in the meetings, which is lip service. But on the ground they do not implement anything.'
The World Photography Organisation has revealed the winners for the Sony World Photography Awards 2024.
India has not yet condemned the Russian invasion of Ukraine and it has been maintaining that the crisis must be resolved through diplomacy and dialogue.
Olympic medallist Mirabai Chanu will undergo tests on October 3 in Mumbai to find out the severity of the thigh injury she suffered at the Asian Games in Hangzhou.
Top officials from MotoGP's commercial rights holder Dorna had visited India earlier this month to sign a seven-year MoU
World boxing champion Lovlina Borgohain locked an Olympic quota for herself by advancing to the final in the women's 75kg category at the Asian Games.
The agency filed its affidavit in response to Goyal's habeas corpus (produce the person) petition in which he claimed he was illegally arrested by the ED in the case.
Wealthy Indians shelled out 3.1 per cent of their total income on charitable donations in 2011 and more than half pledged to give even more this year, says a study by global business consultancy Bain & Company.
The Centre told the Supreme Court on Wednesday that almost every country, including India, was grappling with the problem of use of black money in elections and the electoral bonds scheme was a "conscious attempt" to eradicate the menace of "unclean money" in the poll process.
According to the apex court website, a bench comprising Justices Surya Kant and Dipankar Datta will hear the PIL filed through lawyer Barun Kumar Sinha on July 25.
State Bank of India hikes lending rates, and other banks pick up the signal.
In a fresh incident of arms looting, a mob comprising the majority community broke into a police armoury and stole weapons, including AK and 'Ghatak' series of assault rifles, and over 19,000 bullets of various calibres, officials said.
'They could have batted England out of this contest'
Indian students who flew back to India from Ukraine narrate how they survived the horrific times in battle-ravaged Sumy.
The government on Monday cleared 18 foreign direct investment proposals involving Rs 118.93 crore including Standard Chartered Private Equity's plan to pick up 14.35 per cent stake in NDTV for Rs 52.88 crore.
'He's (Green) such a legend, he's such a nice guy. You only want the best for him, so I really enjoyed it.'
Those who are returning will not be paying any fare and the government is bearing the cost of their return.
Pant, whose rapid 146 put India in the box seat, was more restrained in the second innings.
Pakistan will join India, England and New Zealand in the semi-finals
'It didn't seem like ICC event, it seemed like BCCI event'
The state government, however, relaxed the curfew in Imphal East and West districts for seven hours from 5 am to facilitate common people to purchase essential items, officials said.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances