A SPECIAL MP/MLA court in Shamli on Friday acquitted SP MLA Nahid Hasan and a local resident, who were facing a case in connection with alleged assault on two employees of the electricity department in Jhinjhana area in 2019. Nahid Hasan is MLA from Kairana in Shamli. “The court acquitted MLA Hasan and the other […]
Category: Power
Power
Neutrino Energy Group partners with C-MET Pune to develop self-charging Pi-Car project
The Neutrino Energy Group — an international group of companies, scientists and partners dedicated to the development of clean and green energy — has announced a major investment of 2.5 billion euro in India for the establishment of its revolutionary self-charging electrical Pi-car project. Pi-car will be powered by Neutrino’s patented neutrino voltaic technology which […]
Adani FPO subscribed just 0.01 times on day 1
The follow-on public offer (FPO) of Adani Enterprises on Friday opened 0.01 times (around one per cent) for subscription with just a 0.01 per cent response from investors. The market price of the company’s shares fell 18.52 per cent to Rs 2,762.15, well below the FPO price of Rs 3,112-3,276 per share.While 4.55 crore shares […]
Sweeping sell-off in Adani stocks, group loses Rs 3.37 lakh crore in market cap
THE SELL-OFF across stocks of the Adani Group, triggered by a Hindenburg Research report that accused it of “stock manipulation and accounting fraud”, accelerated Friday with five of the nine listed group companies hitting the lower circuit, resulting in a loss of Rs 3.37 lakh crore in the group’s market capitalisation. Over the last two […]
21 out of 88 Hindenburg questions disclosed since 2015: Adani Group
The Adani Group on Friday said out of 88 questions that Hindenburg Research asked, the report cannot claim 21 queries to be the result of any investigation over two years or any such assertion as they were disclosed in various public documents back from 2015 onwards. These questions are about related party transactions, DRI (Directorate […]
Adani Group planning to take legal action against Hindenburg
The Adani Group on Thursday said it’s planning to sue Hindenburg Research which came out with a “maliciously mischievous” report alleging “brazen stock manipulation and accounting fraud scheme” over the course of decades by the group. “We are evaluating the relevant provisions under US and Indian laws for remedial and punitive action against Hindenburg Research,” […]
Maruti to launch its first EV in FY24, a year ahead of schedule
The electric vehicle (EV) market is set to heat up with Maruti Suzuki preparing to roll out its first car in the segment in FY24 — a full year before the schedule. The company will launch one electric car every year till 2030 thereafter. The company’s first electric vehicle will be based on the eVX […]
Mumbai airport introduces 45 electric vehicles to reduce carbon footprint
Chhatrapati Shivaji Maharaj International Airport (CSMIA), introduced its first batch of Electric Vehicles (EVs) on Wednesday. To reduce dependency on fossil fuels, CSMIA has introduced 45 EVs by replacing its existing fleet of fossil fuel-powered vehicles. This is part of the airport’s commitment to reduce its carbon footprint and to promote sustainable transportation. CSMIA also […]
Hindenburg Research stands by its report on Adani, will seek disclosures in US court proceedings
Threatened with legal action, US activist investor Hindenburg Research on Thursday said it stands by its report that alleged “brazen” market manipulation and accounting fraud by the Adani group, saying it has a long list of documents it will demand in a legal discovery process. Responding to Adani group’s statement that it was examining legal […]
Adani says examining legal options against Hindenburg
A day after Adani Group’s shares took a beating as Hindenburg Research made damaging allegations against it, the group on Thursday said it is examining legal options to take “punitive action” against the US activist investor for its “reckless” attempt to sabotage a share-sale at the conglomerate’s flagship firm. “The maliciously mischievous, unresearched report published […]
Adani Group cos shares fall after report alleged its engagement in ‘stock manipulation, accounting fraud’
Shares of Adani Group companies tanked on Wednesday following a report which alleged that the conglomerate was “engaged in brazen stock manipulation and accounting fraud over the decades”. Shares of Adani Transmission fell 8.87 per cent to close at Rs 2,511.75 per scrip on the BSE. Besides, Adani Ports & SEZ plunged 6.30 per cent […]
Russian missile attack kills one in Kyiv, damages energy infrastructure
Russia pounded Ukraine with missiles during the morning rush hour on Thursday, killing at least one person in Kyiv and damaging critical infrastructure in the Black Sea region of Odesa, officials said. Crowds of people took cover in the capital’s metro stations during a nationwide air alert before Russia unleashed the latest in a series […]