The US Securities and Exchange Commission wants to email summons to Indian billionaire Gautam Adani and executive Sagar Adani. This follows India’s refusal to serve the documents twice. The SEC alleges a fraud and bribery scheme involving $265 million. Adani…
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Tata Group will invest eleven billion dollars to build an Innovation City near Navi Mumbai International Airport. This project includes a data center. Maharashtra’s Chief Minister Devendra Fadnavis announced the plan. International investors are showing strong interest. The initiative aims…
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Apple is challenging India’s antitrust watchdog in court. The company wants to stop the watchdog from demanding its global financial records. This comes as part of an investigation into Apple’s app store policies. Apple fears huge fines if its global…
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Former President Donald Trump has filed a $5 billion lawsuit against JPMorgan Chase and CEO Jamie Dimon, alleging the bank debanked him for political reasons. The lawsuit, filed in Florida state court, stems from Trump’s claims that the bank took…
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Non-banking finance companies (NBFCs) saw their lending grow by 22% in the period leading up to the end of December. This expansion was faster than that of bank advances, which reported a 14.4% growth during the same timeframe. NBFCs, excluding…
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The European Union has suspended export benefits for a significant portion of Indian goods, including textiles and metals, effective January 1. This move removes an average 20% tariff advantage, impacting India’s price competitiveness against countries like Bangladesh and Vietnam. The…
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