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Adani: Vested interests exploited Hindenburg report to manipulate stocks: Adani

The chairman of the Adani Group assured shareholders of the highest corporate governance standards. "The short-selling incident resulted in several adverse consequences that we had to confront," said Adani, 61. "Even though we promptly issued a comprehensive rebuttal, various vested interests tried to opportunistically exploit the claims made by the short-seller... These entities engaged and encouraged false narratives across various news and social media platforms."
United States Gautam Adani Adani Wilmar Adani Green Energy Adani Group Hindenburg Research

Focused on margin expansion to become most profitable cement manufacturer: ACC, ET RealEstate

ACC Chairman Karan Adani said Adani group is adopting a three-pronged approach to the growth of its cement business, which also invests in branding and marketing strategy to take advantage of the existing legacy of the ACC brand and focus on strengthening the distributor and dealer network.
Ajay Kapur Karan Adani Gautam Adani Union Budget Ambuja Cements Adani Group

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Govt assures PLI beneficiaries to resolve their issues

The government announced the PLI (production-linked incentive) scheme in 2021 for as many as 14 sectors, such as telecommunication, white goods, textiles and pharma with an outlay of Rs 1.97 lakh crore. The government has disbursed only Rs 2,900 crore till March 2023, out of Rs 3,400 crore claims received.
New Delhi Piyush Goyal Promotion Councils Industrial Finance Corporation Of India Small Industries Development Bank Solar Energy Corporation Of India

pli: Govt assures PLI beneficiaries of timely resolution of issues, next high level meet in Sept end

The government took feedback from industry and other government departments on the challenges being faced by PLI beneficiaries. More than 150 people attended the meeting and there were five beneficiaries from each of the PLI scheme sectors.
New Delhi Solar Energy Corporation Of India Pmas Industrial Finance Corporation Of India Small Industries Development Bank Tata Steel Indian Renewable Energy Development Agency

India's PLI scheme is up for review: What's the status of mega manufacturing plan?, ET Telecom

Acc: The PLI schemes are the cornerstone of the governments push to domestic manufacturing. By subsiding production, the government aims to boost exports, curb cheap imports and generate jobs by creating global manufacturing champions.
Republic Of United States Rajesh Kumar Singh Electronics Association Gigabit Passive Optical Network Department For Promotion Of Industry

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