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Adani Group Denies US ‘Bribery’ Allegations Against Gautam Adani As ‘Baseless’

21 Nov 2024 17:38 PM IST

The Adani Group dismissed the accusations made by US prosecutors, claiming that Gautam Adani had paid over $250 million in bribes to Indian officials for favorable government contracts. Adani Group’s Statement On Thursday, the Adani Group strongly rejected the charges, calling them “baseless” and denying the allegations made by the

Zomato’s Rs 20 Lakh Job Without One Year Pay Offer Gets 10,000 Applications

21 Nov 2024 17:30 PM IST

The position specifically seeks candidates with 'hunger' and 'empathy,' rather than extensive experience, focusing on attracting eager learners.

Indian Markets Decline; Adani Stocks Under Pressure Amid US Allegations

21 Nov 2024 17:28 PM IST

Indian stock markets ended Thursday’s session in the red, weighed down by continued selling pressure. The NSE Nifty closed at 23,349.90, down by 168.60 points, while the BSE Sensex settled at 77,155.79, a decline of 422.59 points. Adani Group Under Pressure Amid Allegations Adani Group stocks faced significant pressure during

Delhi HC Orders SBI to Compensate Rs 2.6 lakh to Phishing Victim

21 Nov 2024 17:22 PM IST

The court emphasized that SBI's failure to act swiftly and block the suspicious transactions amounted to a breach of its duty of care.

Quick Commerce Gains Popularity for Daily Essentials, Reaching 85% Adoption Rate: Grant Thornton

21 Nov 2024 17:10 PM IST

Quick commerce has emerged as the preferred mode for daily essentials, with 85% of respondents choosing it for food and grocery purchases, according to a report by Grant Thornton Bharat. While quick commerce dominates this segment, clothing and accessories lead in e-commerce platforms, accounting for 75% of volume sales. Physical

Who Will Rule The Adani Empire? Meet the 4 Heirs Set To Inherit $213 Billion

21 Nov 2024 16:30 PM IST

Gautam Adani, the Indian billionaire and chairman of the Adani Group, has shared his vision for the future of his colossal business empire. Valued at a staggering $213 billion, the conglomerate spans various industries, including energy, infrastructure, and edible oil. In an exclusive interview with Bloomberg, Adani, currently the second-richest

Goldman Sachs Predicts Flat Indian Stock Market Amid High Valuations and Weak Earnings

21 Nov 2024 16:18 PM IST

We expect the market to remain rangebound over the next 3 months and for a back-loaded recovery as growth picks up.

India’s Urban Growth to Drive GIS Market Expansion in Asia-Pacific

21 Nov 2024 15:36 PM IST

India’s geographic information system (GIS) sector is on the cusp of a transformative era, fueled by rapid urban development and the adoption of advanced technologies. Globally, the GIS market is projected to grow from USD 11 billion to USD 24.61 billion by 2034, achieving a compound annual growth rate (CAGR)

India’s Economy Expected to Accelerate in Q3 FY2025: ICRA

21 Nov 2024 15:22 PM IST

Vehicle registrations surged by 32.4% year-on-year in October 2024, a sharp rebound from an 8.7% contraction in September.

45 Hong Kong Activists Jailed

21 Nov 2024 15:15 PM IST

None of the 45 people sentenced have committed an internationally recognized crime; they have been jailed only for exercising their human rights.

Adani Group Denies US Bribery Charges as Baseless, Vows Legal Action

21 Nov 2024 14:17 PM IST

The Adani Group on Thursday categorically refuted bribery allegations against directors of Adani Green Energy made by the US Department of Justice (DOJ) and the US Securities and Exchange Commission (SEC), describing the claims as “baseless.” In an official statement, a spokesperson for the conglomerate stated, “All legal recourse will

Adani Group Issues Statement on Bribery Charges, Cancels $600 Million Bond Offering

21 Nov 2024 11:18 AM IST

The Adani Group has called off its $600 million bond offering after the United States Department of Justice (DOJ) and Securities and Exchange Commission (SEC) accused its executives of orchestrating a $250 million bribery scheme. The charges, which allege bribery of Indian officials to secure high-value solar energy contracts, caused