The Nifty posted its biggest percentage fall in a year on Thursday, as the prospect of an end to the U.S. stimulus programme and a weak China manufacturing survey sparked concerns foreign investors would end their recent buying spree. Full Article
Government to pay state-run fuel retailers $8.1 billion in Q4 oil subsidy. Full Article
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Adani Ports denies money laundering report; shares slide
MUMBAI, March 9 |
MUMBAI, March 9 (Reuters) - India's Adani Ports and Special Economic Zone Ltd on Friday denied a media report that said it was being investigated for possible money laundering.
Shares in Adani group companies fell after a Bloomberg report, citing three unnamed people familiar with the matter, said the ports unit had failed to win security clearances to expand because it was being probed by the Indian government for possible money laundering.
An external spokeswoman representing the group said Adani Ports was not under government probe and there was no money laundering at the company.
Adani Port shares were down 8.78 percent at 132.5 rupees each. (Reporting by Tony Munroe and Abhishek Vishnoi; Editing by Aradhana Aravindan)
- Tweet this
- Share this
- Digg this