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Will act on 'irregularities': Andhra CM on Adani case

Business Standard

|

November 23, 2024

Congress demands JPC probe; BJP says DMK, BJD, YSRCP are 'close to Cong'

- ARCHIS MOHAN & SHINE JACOB

Will act on 'irregularities': Andhra CM on Adani case

The political contestation over the US authorities charging billionaire industrialist Gautam Adani and his seven associates with defrauding American investors and paying bribes to government officials in India continued on Friday.

The Congress' state units held press conferences in their respective state capitals, demanding a joint parliamentary committee (JPC) probe on the issue.

Addressing a press conference in Bengaluru, Congress president Mallikarjun Kharge said his party would raise the issue in Parliament.

"As he (Adani) is in India, action should be taken against him, he should be arrested," he said.

"If he (Adani) does things in a legal manner, we have no objection.

The government land is being taken, and based on those assets, loans worth thousands of crore are offered by government banks.

As he is doing all these things, we feel the government is fully protecting and helping him, and through him, they (BJP) are obtaining help or benefits for their party," Kharge said.

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Gujarat, Odisha power discoms lead this yr’s performance rankings

Gujarat’s power distribution utilities emerged as top performers in the 14th Integrated Rating and Ranking Report released by the power ministry on Friday.

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Adani group sheds ₹1.1 trn in mcap as US SEC seeks to serve summons

Group stocks down 3.4% to 14.54%

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Gold, silver, platinum extend record-setting rally

Gold notched another record high on Friday, while silver and platinum also extended gains to hit all-time peaks, powered by diminishing confidence in US assets on account of geopolitical tensions and economic uncertainty.

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Shriram Finance net profit plunges 22%

Shriram Finance Ltd, one of the largest retail non-banking financial companies (NBFCs) in India, posted a 22 percent decline in net profit during the third quarter of 2025-26 (FY26) to ₹2,529.65 crore.

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Trai’s numbering mandate raises debt collection concern

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Let's talk about the GenZs

There are a few phrases that we of late have come to increasingly hear, and even use.

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India at Davos: From presence to partnership

Davos often makes its presence felt through snowfall that reshapes both the landscape and the mood.

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JSW Steel net surges 198%

One-time tax gain, linked to Bhushan Power & Steel and JFE Steel deal, drives growth

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The end of Nato is coming

No President has created so much doubt about America’s commitment to trans-Atlantic security

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