Adani's net worth saw a massive rise to USD 89.2 billion, which is more than Ambani's USD 88 billion and Masayoshi Son's USD 87 billion.
Neelkanth Mishra noted that the cushion available within the pricing system remains adequate and that earlier fears of significantly larger fuel subsidies have not materialised.
The chargesheet reportedly details the alleged role of officials associated with Haryana Power Generation Corporation Ltd. and Haryana School Shiksha Pariyojna Parishad, while also outlining the methods allegedly used to siphon off government funds.
Centre has announced rationalisation of the tax treatment on the investments by Foreign Portfolio Investors (FPIs) in Government Securities (G-Secs), by exempting such investments from income tax on any interest or capital gain to align with the taxation on G-Secs with many comparable jurisdictions.
Addressing a press conference, Congress leader and AICC Chairman of the Media and Publicity Department Pawan Khera cited SEBI’s interim order and claimed that the findings pointed towards “one of the largest financial misrepresentation scandals in India’s corporate history.”
At close, the Sensex was up 479.95 points or 0.58% at 83,294.66, and the Nifty was up 141.75 points or 0.55% at 25,713.
IDFC First Bank said it had detected irregularities in accounts related to the State government of Haryana. According to the lender, the suspected fraud took place at the branch level, wherein fraudulent cheques and manual entries were used to carry out unauthorised transactions.
Gold and silver prices surged significantly on Monday, amid growing geopolitical tensions and the US dollar's steep fall.
The Reserve Bank of India (RBI) on Monday said there is no systemic risk to the banking system and stressed that the Central Bank does not comment on individual banks or regulated entities, as IDFC First Bank revealed the Rs 590-crore fraud at its Chandigarh branch.
The only way for Sri Lanka to get into the AI race is to jump onto the bandwagon of a fast mover.
