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Auditor named in Hindenburg report resigns from Adani company

New Delhi: A small Ahmedabad-based chartered accountancy firm, whose appointment was questioned by a US short seller in its scathing report against the conglomerate run by billionaire Gautam Adani, has resigned due to “pre-occupation”, Adani Total Gas Ltd said. Hindenburg Research in its January 24 report that levelled allegations of fraud, stock manipulation and money laundering…

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PDF to merge with NPP: Meghalaya CM

Shillong: Meghalaya Chief Minister Conrad K Sangma on Wednesday said that ruling alliance partner People’s Democratic Front (PDF) will merge with his National People’s Party (NPP) on May 6. The PDF has two MLAs in the Meghalaya Assembly and the merger will increase the NPP’s strength to 28 in the 60-member House. By-election to Sohiong Assembly…

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Connaught Plaza Restaurants to hire 2,000 people from underprivileged communities in next 3 yrs: MD

New Delhi: Connaught Plaza Restaurants, the licensee of McDonald’s restaurants for North and East India, plans to hire up to 2,000 people from underprivileged communities in the next three years, according to company’s Managing Director Rajeev Ranjan. This will be part of the company’s plan to hire 5,000 people in the next three years as it…

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Markets pause 8-day rally; all eyes on US Fed interest rate decision

Mumbai: Benchmark indices ended lower on Wednesday, halting their eight days of rally, ahead of the US Federal Reserve’s interest rate decision and mixed global market trends. Robust equity buying by foreign institutional investors failed to stop the downward movement as fall in index heavyweights Reliance Industries, Tata Consultancy Services, Infosys and Larsen & Toubro weakened…

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Indian Navy chief Admiral Hari Kumar calls on Singapore’s defence minister; reaffirms long-standing military ties

Singapore: Indian Navy chief Admiral R Hari Kumar on Wednesday called on the Defence Minister of Singapore Dr Ng Eng Hen, and reaffirmed the strong and long-standing bilateral defence ties between the two nations. They also discussed the regional security developments and the importance of leveraging multilateral platforms for confidence building, Singapore’s Defence Ministry said in…

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