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Former Andhra Pradesh Chief Minister YS Jagan Mohan Reddy has dismissed allegations of taking bribes in a solar power deal during his tenure as “hearsay”. The allegations stem from an indictment by the US Department of Justice, which the Adani Group had said relied only on claims that bribes were discussed or promised, and it did not offer any evidence that Indian government officials received bribes from Adani Group executives. In an exclusive interview to Read More

The Union Finance Ministry on Friday released a consultation paper proposing to raise the Foreign Direct Investment (FDI) limit in the insurance sector from 74 per cent to 100 per cent. The FDI limit in the insurance sector was previously increased from 49 per cent to 74 per cent in February 2021. The government stated that the proposal to amend certain provisions of insurance laws aims to ensure accessibility and affordability of insurance for citizens, Read More

Nagesh Kumar, the only member of the Monetary Policy Committee (MPC) to have voted for a 25 basis point rate cut at its last meeting, has been proved right. He had pointed out that “Indian industry is clearly suffering from demand deficits in both domestic and external markets. Demand deficits may be the reason private investment has not picked up momentum despite the companies’ healthy balance sheets and all the reforms and incentives extended by Read More

The financial landscape is set to experience a significant shift as Adani Energy Solutions, Adani Total Gas, and Adani Green Energy prepare to enter the futures and options market. This development marks an important milestone for investors and traders looking to expand their strategic investment opportunities. The newly inducted Adani Group companies have already demonstrated remarkable market performance, with impressive gains that have caught the attention of financial analysts and market participants. Their inclusion in Read More

Shares of specialised water and wastewater management company Enviro Infra Engineers made a stellar debut on the stock exchanges on Friday, November 29, 2024. On the BSE, the stock was listed at Rs 218, reflecting a premium of Rs 70 or 47.30 per cent over its issue price of Rs 148.  On the National Stock Exchange (NSE), Enviro Infra shares had an even stronger debut, opening at Rs 220 apiece. This provided IPO investors with a Read More