Deloitte flags Adani Ports transactions Business & Finance 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, bringing the spotlight back to allegations made by short seller Hindenburg Research about Gautam Adani’s empire, stated bloomberg in its …

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India’s Mankind Pharma posts 43% jump in Q4 profit in first results since listing Business & Finance India’s Mankind Pharma Ltd (MNKI.NS) on Tuesday reported a 43.4% surge in fourth-quarter profit in the Manforce condom-maker’s first earnings as a listed company, helped by lower input costs. The country’s fourth-largest pharmaceutical company by domestic sales said consolidated profit …

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India poised to deny funding for Vedanta-Foxconn chip venture Business & Finance 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.’ The authorities are likely to inform the venture between Vedanta (VDAN.NS) and Taiwan’s Foxconn (2317.TW) that …

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Indian market regulator aims for more disclosures by offshore funds Business & Finance  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 move, which could help unravel opaque structures through which some offshore funds invest …

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India’s economy grows 6.1% in March quarter Business & Finance  India’s economic growth accelerated to 6.1% in the March quarter from a year earlier, government data showed on Wednesday, boosted by government capital expenditure even as private consumption remained sluggish. Asia’s third-largest economy expanded faster than the forecast of 5.0% by economists in a Reuters …

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