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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
We looked into the antecedents of eight foreign funds with an interest in Adani group companies and what we found doesn’t look pretty
Editor's note: Business tycoon Gautam Adani’s billion-dollar empire has routinely faced attacks from critics who have alleged that all is not kosher with his meteoric rise. These attacks have so far been dismissed as being of no consequence, having their basis in rumours and baseless innuendos. Even the doubts raised last month over the foreign shareholders in Adani’s listed companies, which led to a Rs 1 lakh crore wealth erosion, were put down to a motivated attack. However, this changed about 10 days back when minister of state for finance Pankaj Chaudhary said that there were active probes pending against the group. Chaudhary was answering questions posed by Mahua Moitra, a member of parliament from the All India Trinamool Congress party. “SEBI is investigating some Adani group companies with regard to compliance with SEBI regulations,” Chaudhary told the Lok Sabha. “Further, the Directorate of Revenue Intelligence (DRI) is investigating certain entities belonging to the Adani group of companies under laws administered by it.” SEBI is short for the Securities and Exchange Board of India, the capital markets regulator. Within hours of Chaudhary’s …
A Rs 10,440 crore share swap with listed Shalimar Paints could give the building materials startup a public market presence without a traditional IPO. But the novel route leaves investors grappling with dilution, valuation and governance concerns.
A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.
We looked into the antecedents of eight foreign funds with an interest in Adani group companies and what we found doesn’t look pretty
Editor's note: Business tycoon Gautam Adani’s billion-dollar empire has routinely faced attacks from critics who have alleged that all is not kosher with his meteoric rise. These attacks have so far been dismissed as being of no consequence, having their basis in rumours and baseless innuendos. Even the doubts raised last month over the foreign shareholders in Adani’s listed companies, which led to a Rs 1 lakh crore wealth erosion, were put down to a motivated attack. However, this changed about 10 days back when minister of state for finance Pankaj Chaudhary said that there were active probes pending against the group. Chaudhary was answering questions posed by Mahua Moitra, a member of parliament from the All India Trinamool Congress party. “SEBI is investigating some Adani group companies with regard to compliance with SEBI regulations,” Chaudhary told the Lok Sabha. “Further, the Directorate of Revenue Intelligence (DRI) is investigating certain entities belonging to the Adani group of companies under laws administered by it.” SEBI is short for the Securities and Exchange Board of India, the capital markets regulator. Within hours of Chaudhary’s …
A Rs 10,440 crore share swap with listed Shalimar Paints could give the building materials startup a public market presence without a traditional IPO. But the novel route leaves investors grappling with dilution, valuation and governance concerns.
A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.
The Bengaluru-based contract manufacturer lands in legal hot water with the California-headquartered transformer startup over a trade secret dispute.
The Bengaluru-based contract manufacturer lands in legal hot water with the California-headquartered transformer startup over a trade secret dispute.
