AIRLINK 62.48 Increased By ▲ 2.05 (3.39%)
BOP 5.36 Increased By ▲ 0.01 (0.19%)
CNERGY 4.58 Decreased By ▼ -0.02 (-0.43%)
DFML 15.50 Increased By ▲ 0.66 (4.45%)
DGKC 66.40 Increased By ▲ 1.60 (2.47%)
FCCL 17.59 Increased By ▲ 0.73 (4.33%)
FFBL 27.70 Increased By ▲ 2.95 (11.92%)
FFL 9.27 Increased By ▲ 0.21 (2.32%)
GGL 10.06 Increased By ▲ 0.10 (1%)
HBL 105.70 Increased By ▲ 1.49 (1.43%)
HUBC 122.30 Increased By ▲ 4.78 (4.07%)
HUMNL 6.60 Increased By ▲ 0.06 (0.92%)
KEL 4.50 Decreased By ▼ -0.05 (-1.1%)
KOSM 4.48 Decreased By ▼ -0.09 (-1.97%)
MLCF 36.20 Increased By ▲ 0.79 (2.23%)
OGDC 122.92 Increased By ▲ 0.53 (0.43%)
PAEL 23.00 Increased By ▲ 1.09 (4.97%)
PIAA 29.34 Increased By ▲ 2.05 (7.51%)
PIBTL 5.80 Decreased By ▼ -0.14 (-2.36%)
PPL 107.50 Increased By ▲ 0.13 (0.12%)
PRL 27.25 Increased By ▲ 0.74 (2.79%)
PTC 18.07 Increased By ▲ 1.97 (12.24%)
SEARL 53.00 Decreased By ▼ -0.63 (-1.17%)
SNGP 63.21 Increased By ▲ 2.01 (3.28%)
SSGC 10.80 Increased By ▲ 0.05 (0.47%)
TELE 9.20 Increased By ▲ 0.71 (8.36%)
TPLP 11.44 Increased By ▲ 0.86 (8.13%)
TRG 70.86 Increased By ▲ 0.95 (1.36%)
UNITY 23.62 Increased By ▲ 0.11 (0.47%)
WTL 1.28 No Change ▼ 0.00 (0%)
BR100 6,944 Increased By 65.8 (0.96%)
BR30 22,827 Increased By 258.6 (1.15%)
KSE100 67,142 Increased By 594.3 (0.89%)
KSE30 22,090 Increased By 175.1 (0.8%)

NEW DELHI: Indian regulators are aware of concerns regarding the Adani Group conglomerate, the finance minister said on Saturday, responding to comments by the Supreme Court regarding the need for investor protection.

The regulators were experienced and seized of the matter, Nirmala Sitharaman told reporters after meeting the central bank’s directors in New Delhi, the capital.

She declined to elaborate on what the government planned to tell the Supreme Court, however.

Adani group firms pledge shares for lenders of flagship company: SBICAP Trustee

Investor interests need to be protected, the court had said on Friday, after hearing two cases about large investor losses following a report by a U.S. short seller on the Adani group.

Comments

Comments are closed.

SAMIR SARDANA Feb 11, 2023 10:29pm
She declined to elaborate on what the government planned to tell the Supreme Court, however. INDIA HAS NO MONEY FOR INFRA SO INDIAN INFRA HAS TO RAISE FUNDS FROM THE US/EU THAT IS INEVITABLE 1 INRA COMPANY HJAS CRASHED THE NIFTY & INDIAN BANKS SO - WHY NOT MAKE US SEC & GAAP,THE LAW FOR ALL INDIAN INFRA,WITH TOP LINE OF >1000 CRORES? BUT THEN HOW WILL CHAIWALA MAKE MONEY ? SUPPOSE PRC INVESTS IN INDIAN INFRA & THUS,HAS ACCESS TO ALL INDIAN INFRA "OPERATIONAL DATA" - WHY NOT END THE P NOTES & MAKE BENEFICAL OWNERSHIP DISCLOSURE COMPULSORY FOR ALL CORPORATE SHAREHOLDERS ? BUT THEN HOW WILL NETAS & CHAIWALA,BRING MONEY BACK ? ON A 10000 CRORES INFRA DEAL - 10% GOES TO CHAIWALA & IS STASHED OFFSHORE THEN WHEN THAT MONEY IS TO BE BROUGHT IN - IT IS VIA FPI/FII OR PNOTES OR OCB THE BEST VEHICLE TO INVEST THE STASHED LOOT IN INFRA -& WHEN THE INDIAN INFRA COMPANY MAKES INFRA - IT USES EPC & 3RD PARTIES WHO INFL;ATE BILLS & DRAIN OUT THE CASH FOR THE NETA.SAMIR SARDANA
thumb_up Recommended (0)
SAMIR SARDANA Feb 11, 2023 11:59pm
SAY KING KONG HAS A 10000 CRORE CONTRACT TO MAKE A TUNNEL IN LADAKH EVERYONE WANTS TO BE IN THE DEFENCE SECTOR Y ? 10-30% OF THE TUNNEL COST WILL BE "INFRUCTUOUS EXPENSE",LOSS, DAMAGED STORES AND MATERIALS, DAMAGED EQUIPMENTS,ACCIDENTS, ACCIDENTAL EXPLOSIONS,LANDSLIDES BY BLASTING, CRANES FALLING INTO RAVINES, STOCKS LOST IN TRANSIT,STORES BURIED IN LANDSLIDES/FLOODS/ LD FOR STALLED PROJECTS,OVERRUNS, STALLLED PROJECTS DUE TO NO STOCK OF STORES,STOCK OUTS,LOSSES DUE TO TRIAL AND ERROR BLASTING,TUNNEL COLLAPSE DUE TO BLASTING, ETC. ALL THESE LOSSES HAVE TO CLEARED BY BABOO WHO IS UNDER NETA ALL THE TUNNEL IS IN "NATIONAL INTEREST" AL;L THESE LOSSES ARE VIA THE EPC CONTRACTORS AND A TOOL BY THE NEATA TO TAKE MONEY OUT OF THE PROJECT STEP 1 - NETA TAKES 10% OF 10000 CRORES,AS HIS PIMP FEES AND THE MONEY IS STASHED, IN PORT LOUIS STEP 2 - NETA BRINGS THE MONEY INTO THE INFRA PROJECT,OF KING KONG,VIA P NOTES ... STEP 3 - NETA TAKES THE CASH OUT VIA THE LOSSES,AS ABOVE
thumb_up Recommended (0)