The Adani Group is under scrutiny following allegations of selling low-quality coal as high-value fuel to an Indian state power utility. The accusations, based on documents reviewed by the Financial Times (FT) and secured by the Organized Crime and Corruption Reporting Project (OCCRP), suggest a significant coal scam that could…
A significant investment plan of $1.6 billion was made by Taiwan-based Foxconn’s Hon Hai Technology in order to establish a new factory in India. The announcement was made through a stock exchange filing in Taiwan. In this initiative, Foxconn Singapore, a subsidiary, acquired 12.83 billion shares of Foxconn Hon Hai…
The Adani Group has entered into a $750 million worth 500-megawatt wind power project in Sri Lanka. Since the company secured 553 million in debt financing from the U.S. International Development Finance Corp. for the Colombo West International Terminal, the group intends to commission the wind project in the north-western…
On Tuesday, the supreme court said that decisions will be made regarding the petitions questioning about the electoral bonds before the commencement of 2024 general elections. Electoral bonds are banking tools that provide corporations, business firms and public individuals to give donations for political parties without revealing any identity. These…
As Morgan Stanley deems India ready for significant and sustained growth at a time when the rest of the world’s economy is slowing, Indian stock rank has been raised to ‘overweight’. Parallely, it lowered the rating of China to “equal weight” from “overweight”. This upgrade was made only four months…
In the midst of monsoon, the prices of tomatoes and other vegetables hike due to various reasons. “The produce of local farmers has been knocked down due to the recent rains caused by the Biparjoy cyclonic activity, preventing it from reaching the local markets”, says a vegetable wholesaler named Om…
US based short seller firm Hindenburg Research alleged that Adani group of companies are involved in stock manipulation, accounting fraud & fabricated companies in few countries. Chairperson of Adani group Mr. Gautam Adani reputation is at stake and majority of Adani group shares are facing tough time as the value…
Indigo airline known for the low fare and high volume of air passengers has announced plans to expand its air travel journey towards European economies, Indigo sales head said in an interview with ANI News that they are in partnership with Turkish Airline. To reach European countries, the number of…
Ever had any doubt, the simplest answer would be “Just google it.” Today, many of Alphabet’s (Google’s parent company) employees who made this possible are laid off. Not just one or two, but 12,000 employees, which is 6% of their global workforce have unfortunately lost their jobs. In the US,…
Starting in 1994, Cognizant Technology Solutions Corporation made a bang on January 26th all the way in Chennai. Cognizant has always been one of the top companies in the IT sector, especially with the number of employees it has. Also, it is a much-targeted platform for many out there. But…