Adani Group

CAG slams Gujarat for giving undue benefits to Adani and Ambani

The Comptroller and Auditor General (CAG) has pulled up the Gujarat government for providing undue benefits to corporates, notably the Adani Group and Reliance. According to a report in The Times of India, the CAG, ‘highlights irregularities amounting to more than Rs 25,000 crore, which includes what the CAG says was around Rs 1,500 crore in undue benefits to certain companies, including Reliance Petroleum, Essar Power and the Adani Group.’“(The) CAG noted

UPA slaps 5500-cr notice on Adani as goodbye gesture

The UPA government has slapped a Rs. 5,500-crore show cause notice to the Adani group, known for its close ties with PM-designate Narendra Modi, on its dying hours. According to a report in Times of India, “the Congress-led UPA government gave a farewell shock to Ahmedabad-based Adani group by slapping Rs 5,500 crore show cause notice in a case of alleged ‘over-valuation’ of capital equipment for power projects.” The report

AAP national council member Qazmi to resign

Maqsood Ul Hasan Qazmi, a member of the Aam Aadmi Party (AAP)’s national council — the party’s highest policy making body — will resign on Monday to express his displeasure over the alleged nexus between the party and certain corporate groups. Qazmi, also the president of Imam Council of India, will hold a press conference on Monday here to announce his resignation. “I know that a member of an influential

Gautam Adani denies any special favours from Modi

Adani Group head Gautam Adani said his group has acquired only barren waste land for infrastructure projects. With political parties using him as punching bag in the highly charged election campaign, Adani Group head Gautam Adani on Sunday said he got no special favours from Narendra Modi and his group has since 1993 acquired only barren waste land for infrastructure projects. The USD 8.7 billion ports-to-energy Adani Group began acquiring