Deloitte resigns as auditor of Adani firm; co says auditor wanted wider audit remit over other group cos

New Delhi: Deloitte has resigned as auditor of the Adani group’s port company, with the firm run by billionaire Gautam Adani saying the auditor wanted a wider remit over other firms in the conglomerate following the report of a US short seller. The resignation comes weeks after Deloitte raised concern over certain transactions flagged in the…

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PM accuses TMC of letting loose reign of terror, prompting furious response from rival Mamata

Kolkata/Kolaghat (WB):  Prime Minister Narendra Modi on Saturday lashed out at the opposition and more specifically at TMC’s record of violent local body polls, prompting an equally fiery response from West Bengal chief minister Mamata Banerjee castigating the ruling party for lack of action on Manipur. Speaking virtually at a function organised by his party,…

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ED files charge sheet againt TN minister Senthil Balaji, court sends him to judicial custody till Aug 25

Chennai: The Enforcement Directorate on Saturday filed a charge sheet against Tamil Nadu minister V Senthil Balaji as part of an ongoing money laundering investigation against him and his aides, official sources said. Principal Sessions Judge S Alli, before whom the 47-year-old DMK politician was produced, remanded him in judicial custody till August 25. The…

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Apple supplier Foxconn ups its investment proposal in Telangana to $550 Mn

Hyderabad: The Board of Directors FIT Hon Teng Ltd (Foxconn) approved the investment of USD 400 million in Telangana, V Lee, Foxconn India representative said in a social media post. Taiwan-based contract manufacturer Foxconn is Apple’s biggest supplier. “…FIT Singapore’s proposal to make a capital injection of US$ 400,000,000 to Chang Yi Interconnect Technology (India) Private…

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