BUSINESS
Time for Adani Group to raise equity and regain market credibility
Supreme Court Chief Justice D. Y. Chandrachud said on Friday that his three-member bench had received the findings of an expert panel it had set up in March to look into any regulatory lapses in the wake of a short-seller’s report against the Adani Group, a conglomerate from Modi’s home state of Gujarat.
BUSINESS
ITC: The one Indian conglomerate that’s in no hurry to win
The country’s eighth-largest publicly traded firm has a market value of $60 billion; it’s sitting on nearly $2 billion of net cash. The 93 percent of profit ITC returned to investors in the last financial year is a relief from the blistering growth family-run Indian businesses have pursued, writes Andy Mukherjee
