Tag: Adani Group

Adani Group-Backed Sirius Digitech Acquires Cloud Platform Firm Coredge.io

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New Delhi: Sirius Digitech Limited, a joint venture between the Adani Group and Sirius International Holding (Sirius), a subsidiary of International Holding Company (IHC), announced the signing of a binding agreement for the acquisition of Coredge.io Private Limited, a sovereign AI and cloud platform company. Coredge.io is a sovereign AI and cloud platform company offering…

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Senior Lawyer Points To ‘China Link’ In Hindenburg’s Attack On Adani Group

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Mr Jethamalani said an American Businessman hired Hindenburg to prepare a report on the Adani Group. New Delhi: In a stunning claim that he has called a “smoking gun”, senior lawyer Mahesh Jethmalani has alleged that a businessman with Chinese links had commissioned the report by short-seller Hindenburg Research which led to shares of Adani…

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SEBI Issues Show Cause Notice To Hindenburg, Its Founder Nathan Anderson Over Its Adani Group Report

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Representational Image New Delhi: Markets regulator Securities and Exchange Board of India (SEBI) has issued a show cause notice to Hindenburg Research LLC, Nathan Anderson, and the entities of Mauritius-based foreign portfolio investor Mark Kingdon for trading violations in the scrip of Adani Enterprises Ltd. leading up to Hindenburg Report and thereafter.  The regulator has…

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Gautam Adani Meets Bhutan PM, King; Signs Deal To Build 570 MW Hydro Plant

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New Delhi: Billionaire industrialist Gautam Adani met the Prime Minister of Bhutan on Sunday and announced the signing of an agreement for a 570 MW green hydro plant in the country. Mr Adani also met Bhutan’s King Jigme Khesar Namgyel Wangchuck along with the prime minister in Thimphu. “Absolutely fascinating meeting with Dasho Tshering Tobgay, Hon….

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Government must ensure corporate takeovers are fair, monopolies are not created: Jairam Ramesh

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Congress leader Jairam Ramesh. File | Photo Credit: The Hindu The Congress on June 15 said it is the government’s responsibility to ensure that competition among corporates is not stifled, oligopolies or monopolies do not emerge and corporate takeovers are free and fair. “It is also the government’s responsibility to ensure that undue advantage arising…

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Bloodbath on D-Street on vote counting day: Sensex suffers worst single-day retreat in 4 years

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In the biggest single-day fall in four years, benchmark stock indices Sensex and Nifty plunged by nearly 6 per cent on Tuesday as vote counting trends showed the BJP may not have a clear majority in the Lok Sabha polls. Reversing its Monday’s sharp gains of over 3 per cent, the 30-share BSE Sensex nosedived…

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Adani Group Profit Jumps 55 Percent In 2023-24, Eyes $90 Billion Investment

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Adani Group is on an expansion spree and eyeing USD 90 billion capex over the next decade. New Delhi: Adani group saw a 55 per cent profit surge in the fiscal year ended March 2024 as the apples-to-airport conglomerate is back on an expansion spree and eyeing a USD 90 billion capex over the next…

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