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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.
An unnamed law firm’s clean chit and the ‘qualified’ opinions of its auditors help the group give the lie to the charges levelled by a US-based short seller.
When Ahmedabad-based Shah Dhandharia & Co. resigned as the statutory auditor of Adani Total Gas on 2 May, barely a year after its reappointment, it cited “increased professional pre-occupation in other assignments” as the reason for doing so. The firm went on to add that “our resignation does not result from an inability to obtain sufficient appropriate audit evidence. There are no other circumstances connected with our resignation which we consider should be brought to the notice of the Board.”
Yet, that very day, the audit firm had given a “qualified” opinion on the company’s fiscal 2022-23 March quarter financial …
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.
FY26 numbers show that Airtel is stealing a march on its larger rival on most counts and is unrelenting in its ambition, casting a cloud on Jio’s valuation.
Telecom and retail both continue with their ‘hit and miss’, while O2C delivers an unsurprisingly poor performance in Q4. This is a year RIL will be glad to see the back of.
