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The Economic Times
The Economic Times Adani Bribery Charges: Former AG Mukul Rohatgi speaks about Gautam Adani's US Indictment; refers to two Counts to clear air
Mukul Rohatgi clarified Adani and his nephew are not charged with bribery or obstruction of justice. The US indictment mentions them in five counts. However, the key counts do not include their names. The charges lack specifics about who was bribed. Adani Group refuted bribery charges against its executives. The executives face charges related to securities and wire fraud.
The Economic Times Renewable shift in north and south to alter power flow, ₹8.2 trillion needed
The report highlights that doubling the pace of annual transmission additions is essential to meet targets for renewable energy integration and rising power demand.
The Economic Times CCI clears Google’s $350 million funding in Flipkart, Temasek’s investment in Rebel Foods
Google's $350 million investment in Flipkart is part of a nearly $1 billion funding round that valued the Indian e-commerce giant at $35-36 billion. Temasek’s deal, a mix of primary and secondary share sales, comes at a nearly flat valuation compared to its previous round about three years ago.
The Economic Times Switch Mobility partners with Vertelo to accelerate EV adoption in India
The partnership addresses the financial barriers to EV adoption by offering leasing options. This allows businesses to transition to electric fleets without significant upfront investment. The goal is to make electric mobility a practical and affordable choice.
The Economic Times Successor to 'Big Bull' plays to her strengths
Two years after the death of India's biggest wealth creator in the stock markets, the family believes the time has come to take his legacy forward in a more diversified manner because what worked for him needn't work for her.
The Economic Times Simplified I-T Act likely to take longer
Reform of dispute resolution mechanisms, simplification of litigation management, overhaul of rules dealing with transfer pricing and tax deduction at source are some of the top focus areas in the simplification exercise, the official said, adding that wider consultation is needed with the law ministry on provisions of the Benami and Black Money Acts. "Some provisions require a deeper examination. Also, there are areas where there are conflicting views within subcommittees," the official said.
The Economic Times Indictment row: Adani Group clarifies no bribery charges against Gautam Adani, Sagar Adani and Vneet Jaain
Adani Green Energy clarified that Gautam Adani, Sagar Adani, and Vneet Jaain are not charged with bribery under the US Foreign Corrupt Practices Act, according to a US Department of Justice indictment. The DOJ's charges relate to alleged securities and wire fraud, not bribery or obstruction of justice. The company emphasized that only Azure Power officials and a Canadian investor face bribery-related charges.
The Economic Times Govt working on integrated platform for insolvency ecosystem: Official
The Indian government is creating a platform to improve insolvency resolutions. The platform will connect key stakeholders and provide alerts for delays. The IBC aims to rescue stressed assets, not just recover funds. Over 1,900 insolvency cases are ongoing, with many exceeding the 270-day limit. Creditors have recovered around Rs 3.55 lakh crore through resolved cases.
The Economic Times Dabur India shares in focus after receiving Rs 320.6 crore GST demand
Dabur India faces a confirmed GST demand of ₹320.6 crore plus interest from the CGST Commissionerate, Chandigarh. While the penalty has been dropped, the company is reviewing the order and exploring legal options. Dabur assures this won't affect operations and the financial impact is limited to the final tax liability.
The Economic Times Government earned GST of Rs 4,792 crore on education services in FY24; only these services are exempt
Goods and Services tax: Pankaj Chaudhary, minister of state in the ministry of finance said in Lok Sabha that the government has earned Rs 4792.4 crore on taxing various education services which are currently not exemtp from GST. However certain education services still attract nil GST, read below to find what the minister said.
The Economic Times Samsung Electronics replaces chip business heads, CFO in sweeping reshuffle
Samsung named Jun Young-hyun as its co-CEO as well as head of its memory chip business and appointed Han Jin-man as company president and head of the foundry business.
The Economic Times NFRA's new LLP audit standards to boost governance; small firms face rising costs, consolidation, says Atul Gala, Partner - Audit, Bhuta Shah & Co.
Gala cautioned that the reforms could concentrate audit work among larger firms, disadvantaged smaller players. "We could see more mergers and collaborations between smaller audit firms to form larger entities," he noted.
The Economic Times Nvidia shows AI model that can modify voices, generate novel sounds
Nvidia developed Fugatto, an AI model creating and altering music and audio. It generates sounds from text and modifies existing audio. The model can transform piano music into singing. It can also change accents and moods in speech. Nvidia is concerned about potential misuse. The company has not set a public release date.
The Economic Times PAN 2.0 project to reduce costs for fintech companies: experts
The implementation of the PAN 2.0 project, announced on Monday by the Centre, is expected to lower costs for fintech companies, according to industry experts.
The Economic Times Jio Platforms, AWS, NTT express interest in offering AI compute
Singh further said that he was confident that by the time the tender for getting access to around 10,000 GPUs is closed, the IndiaAI Mission would be able to get more than 20,000 GPUs.
