NEW DELHI: The Adani Group on Wednesday denied bribery allegations made by US authorities against its founder Gautam Adani, his nephew Sagar Adani, and Adani Green Energy CEO Vneet Jaain. The denials were made in a stock exchange filing on November 27th, in response to news reports.Calling media reports of Foreign Corrupt Practices Act (FCPA)…
NEW DELHI: The Directorate General of Civil Aviation (DGCA) on Tuesday issued a show cause notice to Akasa Air for reportedly not providing corrective training to a pilot-in-command (PIC) after a flight operated by him made a hard landing. During a regulatory audit of the airline conducted in Mumbai last month, the regulator discovered the…
Do you need to apply for a new PAN card under the PAN 2.0 project? Income tax department clarifies NEW DELHI: Your existing PAN card will remain valid under PAN 2.0 project and you will automatically receive an electronic version of the card in your mail ID, without having to apply for it. Those seeking…
BENGALURU: Ecommerce marketplace Meesho on Tuesday announced a generative artificial intelligence-powered multilingual voice bot, setting a new standard for customer service in the e-commerce industry in India.Currently, the feature supports only Hindi and English. However, the Bengaluru-based startup plans to expand this to six additional regional languages over a period of time.The solution aims to…
NEW DELHI: The share of freight transported by railways has increased to 29% after touching a low of 27% in 2022, minister Ashwini Vaishnaw claimed on Tuesday. He said the target is to take this to beyond 35% in the next six years to reduce logistics cost and check air pollution while highlighting the spree…
NEW DELHI: The initial public offer of sewage treatment solutions provider Enviro Infra Engineers was subscribed 89.90 times on the closing day of bidding on Tuesday. The initial share sale received bids for 2,76,83,13,747 shares against 3,07,93,600 shares on offer, as per NSE data. The portion for qualified institutional buyers fetched 157.05 times subscription while…
It’s important to note that deposits in small finance banks come with DICGC insurance protection of up to Rs 5 lakh. (AI image) Top Bank FD rates: Although interest rates have generally peaked, several banks continue to provide attractive fixed deposit rates for retail customers depositing less than Rs 3 crore. Senior citizens receive preferential…
NEW DELHI: In a reprieve for financially-crippled Vodafone Idea and the broader telecom industry, the Union Cabinet on Monday eliminated the need to submit hefty bank guarantees towards past spectrum purchases, with the relief expected in excess of Rs 30,000 crore for the various players.While a substantial part of the benefit will flow in for…
Adani Group founder-chairman Gautam Adani, his nephew and Adani Green Energy’s executive director Sagar Adani, and others are charged with executing a $265m bribery scheme linked to the business of Adani Green Energy. MUMBAI: French oil major TotalEnergies has announced suspension of additional investments in Adani Group companies pending the resolution of US bribery allegations…
NEW DELHI: French energy major Total Energies, which has made strategic investments of $3.8 billion in the Adani group entities, has pressed the pause button on fresh investments in the ahmedabad-based ports-to-power conglomerate until the bribery allegations — denied by the group — levelled in a US court against top functionaries are cleared.“Until such time…
