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Adani Green plunges 11% after TotalEnergies says it will make no new financial contribution to Adani Group investments

November 25, 2024
Finance

Nov 25 (Reuters) – Shares of Adani Green Energy, plunged 11.3% on Monday after TotalEnergies said it would not make any new financial contributions as part of its investments into the Adani group of companies amid a U.S. federal indictment against the head of the company and his nephew.

Govt expects food inflation to slow in coming months, report says

November 25, 2024
Finance

NEW DELHI, Nov 25 (Reuters) – Government expects food inflation to slow in the coming months, backed by a bumper summer crop harvest, and remains “cautiously optimistic” on its economic growth, according to a report. “A bumper kharif (summer crop) harvest is expected to lower food inflation in the coming months,” the report said. India’s retail inflation surged to a 14-month high in October, driven by high vegetable prices. A favorable monsoon, adequate reservoir levels and higher minimum support prices are likely to boost winter crop sowing and production, it said. “Early November trends signaled moderation in key food prices,

Bangladesh panel seeks global legal firm for power deals probe, including Adani

November 25, 2024
Corruption

DHAKA, Nov 25 (Reuters) – A Bangladesh government-appointed committee examining power generation contracts, including one with India’s Adani Power, has urged the interim government to hire a global legal firm to ensure a thorough and transparent investigation into deals under former prime minister Sheikh Hasina’s regime. The committee, led by Justice Moyeenul Islam Chowdhury, needs more time to analyse both solicited and unsolicited contracts from 2009 to 2024, a senior official with direct knowledge of the matter told Reuters on Monday. “External expertise will be crucial for conducting a comprehensive investigation that could potentially lead to the renegotiation or cancellation

BJP’s biased, hasty attitude responsible for Sambhal violence: Rahul Gandhi

November 25, 2024
Politics

New Delhi [India], November 25 (ANI): Leader of the opposition (LoP) in the Lok Sabha and Congress leader Rahul Gandhi on Monday attacked the ruling BJP over the Sambhal incident, and accused the party of displaying “insensitive actions” in response to the violence, alleging that their actions were deepening divisions and fostering discrimination between Hindu and Muslim communities. Rahul Gandhi said that the BJP was ‘directly responsible’ for the situation in Sambhal that claimed the lives of many people in the violence. The LoP offered his condolences to the bereaved family members of the deceased and injured and said that

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