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Adani team in talks with Trump admin to drop $265 million US bribery case

Adani team in talks with Trump admin to drop $265 million US bribery case

Representatives of businessman Gautam Adani have held meetings with officials from the Donald Trump-led US administration to discuss the possibility of dropping criminal charges filed against him in connection with an overseas bribery investigation, according to a report by Bloomberg.

The meetings reportedly began earlier this year and have intensified in recent weeks. If the current pace continues, the matter could move towards resolution within a month.

Samsung India fights $520 mn tax demand, points to Reliance practice

Samsung India fights $520 mn tax demand, points to Reliance practice

Samsung has asked an Indian tribunal to quash a $520 million tax demand for allegedly misclassifying imports of networking gear, arguing officials were aware of the practice as India's Reliance imported the same component in a similar manner for years, documents show.

Samsung becomes the second major foreign company in recent months to challenge an Indian tax demand.

Congress slams PM Modi, Shah over Manipur crisis on anniversary of violence

Congress slams PM Modi, Shah over Manipur crisis on anniversary of violence

The Congress on Saturday alleged that Prime Minister Narendra Modi "continues to shun" Manipur and Union Home Minister Amit Shah proved to be a "big failure" in managing the situation in the state which has been in the grip of ethnic strife since 2023.

Congress General Secretary In-charge, Communications, Jairam Ramesh said the BJP formed a government in Manipur with a massive mandate in February 2022, and exactly two years ago today, the state erupted in sectarian violence.

India bans all imports from Pakistan amid tensions over Pahalgam attack

India bans all imports from Pakistan amid tensions over Pahalgam attack

India has imposed a complete ban on all imports from Pakistan following the recent terror attack in Jammu and Kashmir’s Pahalgam. The government said the decision, effective immediately, was taken in the "interest of national security and public policy", and will remain in force until further notice.

Reliance Power to invest Rs 10K cr for Asia's largest solar-BESS unit

Reliance Power to invest Rs 10K cr for Asia's largest solar-BESS unit

A unit of Anil Ambani-led Reliance Power has signed a 25-year power purchase agreement with the public sector enterprise Solar Energy Corporation of India (SECI) to supply solar power backed by battery storage, according to a company press statement.

Reliance NU Suntech, a wholly owned subsidiary of Reliance Power, will develop Asia’s largest single-site integrated solar and battery energy storage system (BESS) project.

Pakistan violates ceasefire for 9th consecutive night; India responds

Pakistan violates ceasefire for 9th consecutive night; India responds

Pakistani forces have continued unprovoked ceasefire violations along the Line of Control (LoC) for the ninth consecutive night, targeting the Kupwara, Uri, and Akhnoor sectors in Jammu and Kashmir. The Indian military responded in a "calibrated and proportionate manner," according to a report by India Today.

The renewed hostilities come in the wake of heightened tensions between India and Pakistan following the April 22 terror attack in Pahalgam, which claimed 26 lives.

Sebi accuses Adani's nephew in insider trading case, settlement talks on

Sebi accuses Adani's nephew in insider trading case, settlement talks on

India's markets regulator has alleged Pranav Adani, director of several Adani group companies and the nephew of the billionaire founder, shared price sensitive information and breached regulations aimed at preventing insider trading, according a document reviewed by Reuters.

6 dead, over 30 injured in stampede at Goa's Lairai Devi temple. Details

6 dead, over 30 injured in stampede at Goa's Lairai Devi temple. Details

At least six people were killed and several others injured in a stampede during the Shirgao Jatra at the Lairai Devi temple in North Goa’s Shirgao early Saturday morning.

The stampede occurred during the temple’s annual festival, which began on Friday and drew thousands of devotees from Goa, Maharashtra, and Karnataka.

Adani Power says hopeful Bangladesh will pay all outstanding dues

Adani Power says hopeful Bangladesh will pay all outstanding dues

Bangladesh has substantially reduced its outstanding dues to India's Adani Power related to a power-supply deal and the company is confident of recovering the roughly $900 million still remaining, its chief financial officer said.

Bangladesh has struggled to pay its dues per the deal, signed in 2017, as imports got costly since the Russia-Ukraine conflict in 2022 and amid the domestic political turmoil last August that led to the ouster of the country's prime minister.

Odisha to set up greenfield airport at Paradip, heliports in 14 districts

Odisha to set up greenfield airport at Paradip, heliports in 14 districts

In a bid to strengthen aviation infrastructure in the state, the Odisha government has decided to establish a Greenfield airport at the port town of Paradip, expedite the development of the Shree Jagannath International Airport in Puri and construct heliports in 14 districts.

These decisions were taken during an Aviation and Network Construction Management' meeting chaired by Chief Minister Mohan Charan Majhi here on Thursday.

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