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What you need to know about Adani’s U.S. bribery indictment

BENGALURU, Nov 25 (Reuters) – Indian billionaire Gautam Adani has been indicted by U.S. prosecutors for his alleged role in a $265 million scheme to bribe Indian officials, sending shockwaves across his eponymous ports-to-soybeans business conglomerate. Here is what you need to know about the U.S. indictment. THE MAJOR U.S. INDICTMENT Gautam Adani, one of world’s richest people, faces his biggest challenge after being charged with seven others for alleged bribery related to power supply deals from energy projects in India, with U.S. authorities calling it “The Corrupt Solar Project”. Adani Group, which runs several key infrastructure projects across the

853 IRS officers took retirement under VRS in last 10 years: Minister of State for Finance

New Delhi, Nov 25 (PTI) A total of 853 Indian Revenue Service (IRS) officers have taken VRS in the last 10 years, Parliament was informed on Monday. Of this, 383 IRS (Income Tax) officers and 470 IRS (Customs & Indirect Taxes) officers have taken retirement under VRS during 2014-2024, Minister of State for Finance Pankaj Chaudhary said in a written reply in the Lok Sabha. In a separate reply, he said 2,746.49 kg of gold has been seized at airports in Kerala by Customs department and DRI during FY20 to FY25 (up to October 31, 2024). The seized gold is

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

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,

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