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Business

Hindenburg: SC dismisses the demand for an SIT, directs SEBI to probe if the US firm harmed Adanis’ investors

January 3, 2024 Vinayak Barot

Virendra Pandit New Delhi: Nearly a year after a US-based firm’s claims caused mayhem in Adani share prices, the Supreme Court on Wednesday dismissed stock manipulation and accounting fraud allegations against the Indian conglomerate, and directed the Securities and Exchange Board of India (SEBI) to probe in three months if the Hindenburg Research’s report […]

Business

Without verification, newspaper reports can’t be relied upon as proof, says Supreme Court

January 3, 2024 Vinayak Barot

New Delhi, 3 January, 2024: The Supreme Court on Wednesday declined to order a probe by a Special Investigation Team (SIT) into allegations levelled against the Adani Group, refusing to take cognizance of the reports published by Hindenburg Research and the Organized Crime and Corruption Reporting Project (OCCRP). A three-judge bench, led by Chief Justice […]

Business

Adani Total Gas, Shigan sign MoU for collaboration in decarbonization

January 3, 2024 Vinayak Barot

Ahmedabad, 3 January 2024 – In a move towards sustainability and environmental responsibility, Adani Total Gas Limited (ATGL), India’s leading energy and city gas distribution company, and Shigan Quantum Technologies Limited (Shigan), an alternative fuel system solutions provider for automotive, locomotive and stationary engine applications, today announced the signing of a Memorandum of Understanding (MoU) […]

English

Truckers’ Strike: Long Queues in Fuel Pumps

January 2, 2024 Editor In Chief

Manas Dasgupta NEW DELHI, Jan 2: Fuel pumps in several states are witnessing long queues as people feared the pumps to dry up soon as drivers of commercial vehicles including truck and tanker drivers, private buses, and in some states even the government bus drivers, and cab drivers have launched a three-day protest strike from the […]

Business

Disaster: At least 48 dead, many trapped after 155 quakes in Japan; land shifts

January 2, 2024 Vinayak Barot

Virendra Pandit New Delhi: At least 48 people were reported dead and many feared trapped in the debris of buildings after 155 earthquakes hit Japan in a day on New Year’s Day, causing widespread destruction, although the early warnings of a severe tsunami were later withdrawn, the media reported on Tuesday. Several strong tremors […]

Business

The Rs.2,000 notes: Over 97% returned; the RBI still awaits Rs.9,330 crores

January 2, 2024 Vinayak Barot

Virendra Pandit New Delhi: Nearly 97.38 percent of the high-value Rs.2,000 denomination banknotes have returned to the banking system but Rs.9,330 crore worth of these notes are still with the public, the Reserve Bank of India (RBI) has said. The Rs 2,000 banknotes were introduced in November 2016 following the demonetization of the then-prevailing […]

Business

APSEZ’s cargo volumes jump 42% YoY in Dec 2023

January 2, 2024 Vinayak Barot

Ahmedabad, 2 January 2024: In December 2023, Adani Ports and Special Economic Zone Ltd (APSEZ) handled 35.65 MMT of cargo volumes, resulting in a strong 42% year-on-year (YoY) increase. Dry bulk cargo handling was up 63% while handling of containers increased by over 28% on a YoY basis. For the quarter ended December, APSEZ handled […]