Hum Adani ke hain kaun | Congress makes a jibe at PM Modi’s silence over Adani saga

Congress leader Jairam Ramesh | Photo Credit: ANI The Congress, questioning the silence of Prime Minister Narendra Modi in the alleged Adani Group “stock scam”, has decided to pose three questions every day to Mr. Modi on the issue. Opposition parties, meanwhile, will sit together in Parliament on Monday to chart the next course of …

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Modi, his govt cannot hide from questions saying ‘Hum Adani Ke Hain Kaun’: Congress

The Congress on February 5 stepped up its attack on the Centre over allegations against the Adani Group, alleging that the Modi government’s “loud silence” over the issue “smacks of collusion”. Adani Group stocks have taken a beating on the bourses after U.S.-based activist short-seller Hindenburg Research made a litany of allegations, including fraudulent transactions …

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FPIs register steepest outflow in 7 months at ₹28,852 crore in January

Image for representational purpose only. | Photo Credit: Reuters Foreign investors pulled out ₹28,852 crore from Indian equities in January, making it the worst outflow in the last seven months, primarily due to attractiveness of the Chinese markets. This came following a net investment of ₹11,119 crore in December and ₹36,238 crore in November, data with …

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Insurance companies under scanner for rampant tax evasion

Central Board of Direct Taxes chairman Nitin Gupta speaks to the media in New Delhi on February 3, 2023. | Photo Credit: ANI The Income Tax Department is likely to start prosecuting insurance companies soon, as it has found rampant industry-wide irregularities and “tax evasion” in the commission payments made to agents while bypassing norms …

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Nirmala Sitharaman says India’s macro fundamentals not affected by Adani’s FPO withdrawal

Union Finance Minister Nirmala Sitharaman with Union Ministers of State for Finance Bhagwat Karad and Pankaj Chaudhary addresses a press conference in Mumbai, Saturday, Feb. 4, 2023. | Photo Credit: PTI Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Saturday said India’s macro fundamentals and economic image are not affected by the Adani …

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India globally tops in Super Cities, Business, Life: Tholons Index

Image for representation purpose only. File | Photo Credit: K.R. Deepak India stood second on three counts — Super Cities, Business and Life — among 10 other geographies, as per Tholons Global Business Innovation Sustainability Index (TBIS) 2023 released on February 3. Meanwhile, the country fared poorly in innovation, digital, diversity, equity, inclusion (DEI) and …

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Banking sector remains resilient, stable, says RBI in the backdrop of Adani stress

 “As the regulator and supervisor, the RBI maintains a constant vigil… on individual banks with a view to maintain financial stability,” the central bank said. | Photo Credit: Reuters The Reserve Bank of India (RBI) on February 3 said as per its current assessment, the banking sector remained resilient and stable. “Various parameters relating to …

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Corporate Affairs Ministry reviews Adani Group financial statements: sources

The Ministry inspection process was initiated on February 2, 2023 under “Section 206” of India’s Companies Act. | Photo Credit: Reuters The Corporate Affairs Ministry has started a preliminary review of Adani Group’s financial statements and other regulatory submissions made over the years, two senior government officials told Reuters on February 3. The Ministry’s review …

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IndiGo records its highest quarterly revenue on the back of robust demand

Strong passenger demand during the year-end travel season saw budget carrier IndiGo report its highest ever quarterly revenue leading to its first profitable quarter of the fiscal during the the three months ended December 2022 with a net profit of ₹1,422 crore. IndiGo’s total income rose 62.6% to ₹15,410 crore. Passenger ticket revenues surged 63% …

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Vodafone Idea | Centre approves conversion of ₹16,133 crore interest dues into equity

The total amount to be converted into equity shares is ₹16,133 crore, Vodafone Idea Ltd said | Photo Credit: The Hindu The government has approved conversion of over ₹16,133 crore interest dues of debt-ridden Vodafone Idea into equity, the company said in a regulatory filing on Friday. Equity shares of face value of ₹10 each …

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