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U.S. Securities and Exchange Commission seeks India’s help in Adani fraud probe

NEW DELHI, Feb 18 (Reuters) – The U.S. Securities and Exchange Commission has asked Indian authorities for help in its investigation of Adani Group founder Gautam Adani and his nephew over alleged securities fraud and a $265-million bribery scheme, a court filing showed on Tuesday. The regulator told a New York district court it was making efforts to serve its complaint on the founder and his nephew, Sagar Adani, and was seeking help from India’s law ministry to do so. Neither individual is in U.S. custody, and both are now in India. “The SEC has requested assistance … under the

Trump threatening existence of GST; will his ‘good friend in New Delhi’ stand up: Congress

New Delhi, Feb 19 (PTI) The Congress on Wednesday claimed that the talk of reciprocal tariffs by US President Donald Trump is calling into question a consumption tax like GST, and wondered whether his “good friend in New Delhi” would stand up to it when national sovereignty is at stake. Congress general secretary in-charge communications Jairam Ramesh said his party has long been calling for a GST 2.0 that will make GST a truly Good and Simple Tax, as it was intended to be. It has called for the barest minimum of rates and vastly reformed compliance rules, he said

US emerges as 5th top oil seller to India in January, Russia at No.1

Oil soars

NEW DELHI, Feb 18 (Reuters) – India’s oil imports from the United States rose sharply in January from December, turning Washington as the fifth largest oil supplier to New Delhi, data obtained from trade sources show. India shipped in 218,400 barrels per day of oil from the U.S. compared to 70,600 bpd in December, the data showed. Refiners in India, the world’s third biggest oil importer and consumer, are bracing for higher imports of energy from Washington, as New Delhi looks to boost its energy purchases from the U.S. to $25 billion from $15 billion last year. India’s imports from

Uttarakhand UCC: How is registration of live-in relations invasion of privacy? HC asks

Nainital, Feb 18 (PTI) The Uttarakhand High Court has questioned a plea challenging the mandatory registration of live-in relationships under the state’s Uniform Civil Code and asked how was it an invasion of privacy when couples were “brazenly” living together without marriage. A division bench of Chief Justice G Narender and Justice Alok Mehra, while hearing a petition challenging the mandatory registration of live-in relationship in the state, asked, “You are living in society, not in a far off cave in the jungle. From neighbours to the society, your relationship is known and you are living together brazenly, without being

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