BUSINESS
Adani Group Strongly Refutes Fake Press Releases About Its Kenyan Presence
There are numerous fabricated press releases on the group's presence in Kenya, which a set of some "vested interests with malicious intent" have been circulating around.
India no more a sleeping giant, but a favoured investment destination, Says Jagdeep Dhankar
The economic upsurge is exponential and according to global institutions India, he said, is a favourite destination of investment and opportunity. In the next couple of years, India will emerge as the third-largest global economy, the Vice President said while addressing the inauguration of the digital tower at the Shri Ramdeobaba College of Engineering and Management, Nagpur.
China Bans PwC for 6 Months, Fines $62 Million Over ‘Audit Lapses’
China's finance ministry said that PwC China and the Guangzhou branch of the auditor knew "major mistakes" in the Evergrande audit from 2018 to 2020 but did not report them. The ministry report said it shut the Guangzhou branch of PwC China. PwC said in a statement: "we are disappointed by PwC Zhong Tian's (or PwC ZT) audit work of Hengda, which fell unacceptably below the standards we expect of member firms of the PwC network."???
SEBI Chairperson and Husband Deny Involvement in Mahindra, ICICI Bank Controversy
"First of all, as per preliminary and grey evidence all the allegations made are false, incorrect, malicious and motivated. The allegations themselves are based on our Income Tax Returns. In other words, all these matters are a part of our Income Tax returns in which all these matters have been fully disclosed and taxes have been duly paid," the couple stated.
Government Removes Minimum Export Price Thresholds on Onions and Basmati Rice
The government had unbanned onion exports in May 2024 but had imposed an MEP of $550 a tonne. Basmati rice was subject to an MEP of $1,200 a tonne on 25 August 2023. That was cut to $950 a tonne in October last year.
Adani Group Recognized in TIME’s World’s Best Companies of 2024
The list was prepared in collaboration with Statista - a global industry ranking and statistics portal.
Air travel has become inclusive, affordable in India, Says PM Modi
Modi also told representatives of Asia Pacific countries that they too could study the success of the scheme — UDAN — and pitched for creating a "network of opportunities" through aviation in the region. Addressing the second Asia Pacific Ministerial Conference on Civil Aviation here, attended by nearly 300 representatives from 29 countries, Modi also mooted the idea of an international Buddhist circuit through air connectivity that would benefit countries and people.
Hindenburg Alleges $310 Million Frozen in Swiss Bank Account; Adani Group Denies Claims
In a post on X, Hindenburg cited "newly released Swiss criminal records reported by a Swiss media outlet" to state that "Swiss authorities have frozen more than $310 million in funds across multiple Swiss bank accounts as part of a money laundering and securities forgery investigation into Adani, dating back as early as 2021.
India's Industrial Production Grows by 4.8% in July
The quick estimates of IIP stood at 149.6 against 142.7 in July.
India and China Discuss Civil Aviation Cooperation and Resumption of Direct Flights
Civil Aviation Minister K Rammohan Naidu, Civil Aviation Secretary Vumlunmang Vualnam, and other senior officials met representatives from China on the sidelines of the Asia Pacific Ministerial Conference on Civil Aviation in the national capital.
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