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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.
The Adani group has sidestepped the critical issue of alleged related party transactions with PMC Projects, which remains unnamed in official communication.
Last week, Deloitte quit as auditor of Adani Ports and Special Economic Zone, one of the most significant companies that form part of the Adani group. The auditor of Adani Ports since May 2017, Deloitte was reappointed for another term of five years as recently as July last year.
Investors’ reaction was swift, with the group losing an estimated Rs 35,000 crore in market capitalization in the two trading days since Deloitte resigned. Official statements issued by both parties have been perplexing.
Adani Ports played down Deloitte’s resignation and raised questions on the auditor’s motives. In doing so, the company …
The Adani group plans to spend Rs 1 lakh crore over the next five years to develop its airport business. While everything—including the funding—is sorted, a prolonged war could disturb the math.
NDTV and Network18 are now firmly loss-making—and show little urgency to fix the fundamentals.
The renewable energy firm’s profit plunges 99% to its lowest since 2020 as surging finance costs erase gains from record energy sales.
