The Supreme Court refused to grant an interim stay on the Dharavi Slum Rehabilitation project being carried out by the Adani Group, as sought by a company that lost out on the contract. A bench led by Chief Justice Sanjiv Khanna heard a plea filed by Dubai-based Seclink Technology Corporation, challenging the award of the … Read more
Prime Minister Narendra Modi on Thursday responded firmly when asked whether the Adani Group matter was discussed during his talks with US President Trump, stating that such individual matters are not discussed between leaders of nations.“India is a democracy and our culture is ‘Vasudhaiva Kutumbakam’, we consider the whole world as one family. I believe … Read more
NEW DELHI: Lok Sabha was adjourned as soon as it resumed on Thursday as Congress disrupted proceedings demanding a discussion on a project awarded to Adani group by relaxing security protocols, a charge the party had also raised a day before.Congress had moved an adjournment motion urging the Speaker to discuss matters related to relaxation … Read more
In a written communication to Sri Lanka’s Board of Investment (BOI) dated Wednesday, Adani expressed respect for the government’s stance. The Adani Group on Thursday said that it has pulled out of further engagement in a $442 million wind power venture in Sri Lanka after the country’s authorities attempted to modify the agreement.In a media … Read more
New Delhi: US President Donald Trump has ordered a pause in the enforcement of a nearly half-century-old law that was used to go after the Adani Group under the previous Biden administration. The Foreign Corrupt Practices Act (FCPA) bans firms and people with US ties from offering money or gifts to foreign officials to secure … Read more
TOI correspondent from Washington: Asserting that a 50-year old US anti-bribery act is inhibiting American global competitiveness, US President Donald Trump has paused enforcement of the law, implicitly providing relief to India’s Adani group, whose executives were being prosecuted under the law by the Biden administration. In an executive order he signed on Monday, Trump … Read more
Washington: Six US Congressmen on Monday wrote to new Attorney General Pam Bondi and demanded a probe into the previous Department of Justice’s (DoJ) indictment of Adani Group officials. In November last year, the Adani Group had rejected as baseless the move by the DoJ under the Biden administration to name the conglomerate in a … Read more
New Delhi: Prime Minister Narendra Modi’s visit to the United States this week for talks with President Donald Trump has global implications. The upcoming discussions between the two leaders will centre on defence cooperation, trade relations, and countering China’s growing economic and military influence. One of the key items on the agenda will be the … Read more
2025-01-23 19:08:00 : MUMBAI: Fierce competition in the Indian cement industry continues to take its toll on cement manufacturers. Market leader UltraTech Cement Ltd’s profit fell in the October-December quarter from a year earlier despite rising revenue and falling fuel costs. However, shares of UltraTech rose 6.81% to close at $Shares were trading at $11,422.70 … Read more
2024-10-21 20:09:55 : MUMBAI: Fierce competition in India’s cement industry has eroded profits at the country’s largest construction materials maker, with UltraTech Cement’s profits falling by more than a third in July-September. The company reported consolidated profit of $8.2 billion, down 36% year-on-year. Comprehensive revenue fell 2% $15,635 Crores. This was despite its consolidated sales … Read more