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Hindenburg 2.0: OCCRP alleges Mauritius-based opaque funds invested in Adani stock; company denies

New Deli: The Organised Crime and Corruption Reporting Project (OCCRP) on Thursday trained its guns on billionaire Gautam Adani’s group, alleging hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based ‘opaque’ investment funds managed by partners of promoter family, charges the conglomerate denied vehemently. The fresh allegations by an organisation funded…

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Adani Group stocks fall; Adani Green Energy declines over 4 pc

New Delhi: Shares of Adani group stocks fell on Thursday after a report from investigative reporting platform OCCRP alleged hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based ‘opaque’ investment funds managed by partners of promoter family of billionaire Gautam Adani. However, the conglomerate denied the charges vehemently. On the BSE,…

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Indian-origin former minister Tharman in race as Singapore set to vote on new president on Friday

Singapore: People in Singapore will vote on Friday to elect the country’s ninth president, with former minister Tharman Shanmugaratnam hoping to be the next Indian-origin Singaporean head of the state in a three-way contest. Shanmugaratnam, 66, an Indian-origin Singapore-born economist, formally launched his presidential campaign last month with a pledge to evolve the country’s culture to…

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DGCA suspends simulator training for A320 pilots at Air India’s Hyderabad facility

Mumbai: Aviation watchdog DGCA has suspended simulator training activities for A320 pilots at Air India’s facility in Hyderabad, close on the heels of suspending the training activities for Boeing pilots at the Tata Group-owned airline’s facility in Mumbai, according to sources. The two decisions by the Directorate General of Civil Aviation (DGCA) in a span of…

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INDIA alliance to provide formidable alternative to bring political change: Sharad Pawar

Mumbai: As many as 63 representatives from 28 political parties will attend the third meeting of INDIA alliance meet on August 31 and September 1, NCP president Sharad Pawar said on Wednesday. Addressing a press conference here, Pawar expressed confidence that the opposition alliance will provide a formidable alternative to bring about political change. Pawar said…

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