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Adani's Under Investigation, Lok Sabha Election, TikTok Ban, BSE/NSE, Zomato, etc.

Adani's Under Investigation, Lok Sabha Election, TikTok Ban, BSE/NSE, Zomato, etc.

Vaishali Sharma
March 17, 2024

U.S. Expands Bribery Investigation into Adani Group and Founder

U.S. Investigation Expansion: The U.S. probes Adani Group and Gautam Adani for possible bribery.
Focus Area: Inquiry centers on bribes for favorable outcomes in an energy project.
Investigating Bodies: Handled by the Eastern District of New York’s U.S. Attorney's office and the DOJ's fraud unit.
Co-Company Involved: Azure Power Global also under scrutiny.
Adani Group's Response: Denies knowledge of the investigation and allegations.
Financial Impact: Adani's financial markets experienced a downturn after Hindenburg Research's critical report.

EC Announces 2024 Poll Dates: India's Electoral Giant Awakens

2024 Lok Sabha elections scheduled from April 19 to June 1 in seven phases, with results on June 4.
Assembly elections in Andhra Pradesh, Arunachal Pradesh, Sikkim in single phase; Odisha in four phases.
97 crore eligible voters with 1.8 crore first-time voters; 10.5 lakh polling stations planned.
1.5 crore polling officials and security staff, 55 lakh EVMs, and 4 lakh vehicles to be deployed.
PM Modi claims BJP-NDA's readiness, aiming for a significant victory.
Opposition forms a united front, INDIA, to challenge BJP's rule.

May 20 Trading Halt: Mumbai Elections to Close Indian Stock Market.
Zee Entertainment Adds 3 New Independent Directors as Shareholders Approve.
Market Dips 2% as 200+ Small-Cap Stocks See 10-40% Decline.
Over Rs 13,000 Crore Poured into Assam in Last 14 Months, Chief Minister Claims.
FY24 Sees Direct Tax Collections Heading Beyond Rs 19.45 Lakh Crore Target.
Government's New Leash Law Targets 'Dangerous' Dogs.
Zomato Hit with Rs 8.6 Crore GST Penalty by Gujarat Tax Authority of State Tax.