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Gautam Adani faces charges for securities law violations, Adani Green says

BENGALURU, Nov 27 (Reuters) – Indian billionaire Gautam Adani has been charged in the United States for alleged securities law violations and faces potential fines but has not been charged under the U.S. Foreign Corrupt Practices Act, Adani Green Energy said on Wednesday. US authorities last week accused Adani, his nephew and executive director Sagar Adani and managing director of Adani Green, Vneet S. Jaain, of being part of a scheme to pay bribes of $265 million to secure Indian power supply contracts and misleading U.S. investors. The company said in a statement that the U.S. SEC complaint “prays for

Lok Sabha proceedings adjourned for the day amid ruckus over Adani indictment, Sambhal violence

New Delhi, Nov 27 (PTI) Lok Sabha proceedings were adjourned for the day on Wednesday amid opposition protests over the Adani controversy and violence in Uttar Pradesh’s Sambhal Opposition members trooped to the Well of the House raising slogans as soon as the House met again at 12 noon. BJP member Dilip Saikia, who was in the chair, adjourned the proceedings for the day after parliamentary papers were laid on the table. Earlier, Lok Sabha Speaker Om Birla had taken up the Question Hour when the House convened at 11 am. However, he adjourned the proceedings amid sloganeering by the

Rajya Sabha proceedings adjourned for day amid opposition protest over Adani bribery row

New Delhi, Nov 27 (PTI) Rajya Sabha proceedings were adjourned for the day on Wednesday as opposition members insisted on a discussion on various issues, including bribery charges related to the Adani Group. The proceedings were briefly adjourned in the morning session due to opposition protest, and when the House re-assembled at 11.30 AM, there were identical scenes. This prompted Chairman Jagdeep Dhankhar to adjourn the proceedings for the day, saying the “House is not in order”. The trobule started after Dhankhar rejected 18 notices under a rule of the House to suspend scheduled business and take up issues mentioned

Urban middle class ‘shrinking’, when will PM recognise this reality: Congress

New Delhi, Nov 27 (PTI) The Congress on Wednesday flagged major economic challenges that have affected consumption patterns and pointed to a “shrinking” urban middle class, asking when will Prime Minister Narendra Modi recognise this reality. Congress general secretary in-charge communications Jairam Ramesh said that in the last few weeks, multiple leading lights from India Inc have flagged the tremendous slowdown in household private consumption, even in the previously red-hot FMCG sector. “Now, a new report by the well-regarded Marcellus Investment Managers reveals three major economic challenges that have affected consumption patterns,” he said. Flagging the issue of deteriorating household

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