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Adani Ports & Special Economic Zone Ltd’s auditor stated that insufficient disclosures about certain transactions mean it can only issue a qualified opinion on the company’s accounts.
India’s market regulator is canvassing opinion on plans to strengthen disclosure requirements for a set of “high-risk” offshore funds investing in the local markets, it said on Wednesday.
The Indian government is poised to deny crucial funding for Anil Agarwal’s chip venture, Bloomberg News reported on Tuesday, a setback to the billionaire’s ambition to build India’s ‘own Silicon Valley.’
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