At the Adani Group’s Annual General Meeting (AGM), Chairman Gautam Adani addressed recent allegations and laid out an ambitious roadmap for the Group’s future. Refuting claims tied to an alleged bribery scandal, Adani asserted, “Despite all the noise, the facts are that no one from the Adani Group has been charged with violating the FCPA or conspiring to obstruct justice.” His remarks follow reports that the U.S. Department of Justice (DOJ) and Securities and Exchange
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The Union government is reportedly considering new relief measures to support Vodafone Idea (Vi), in a bid to prevent the struggling telecom giant from going under. According to a report by The Economic Times, these steps could include a significant extension of the repayment period for adjusted gross revenue (AGR) dues—from the current 6 years to as long as 20 years—as well as a shift from compound interest to a simpler, more forgiving interest structure.
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As tensions flare in the Gulf, concerns are rising that Iran might retaliate against recent U.S. airstrikes by closing the Strait of Hormuz—the world’s busiest oil shipping lane. If that happens, the global economy could face a major shock. But why is this narrow waterway so important? And what would a blockade actually mean for oil markets, global inflation, and some of the world’s largest economies? Let’s break it down. 🌍 What Is the Strait
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After a sharp sell-off in early trade, Indian equity markets bounced back strongly on Monday, as easing crude oil prices, stable global cues, and lower volatility helped soothe investor nerves. The Sensex, which had plunged by over 900 points during the day, trimmed losses significantly to trade around 81,931 by 3 PM—down just about 430 points. The Nifty, too, clawed back above the 24,950 mark after dipping to an intraday low of 24,824.85. What Turned
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India’s economy showed impressive strength in June, with business activity across manufacturing and services surging to a 14-month high, according to HSBC’s flash Purchasing Managers’ Index (PMI) survey, released on Monday. The HSBC Flash Composite Output Index—an early estimate that tracks overall economic activity—jumped to 61 in June. That’s not only a sharp rise but also well above the 50-point threshold that separates growth from contraction. The index has now stayed in expansion territory for
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