Sunday, September 06
A public interest litigation (PIL) has been filed in the Supreme Court seeking a court-monitored investigation into the alleged large-scale bank fraud involving Anil Ambani's Reliance Communications Ltd and its subsidiary groups.After considering the grounds raised in the plea, a bench led by the Chief Justice of India (CJI) BR Gavai on Tuesday issued notices to the central government, the Central Bureau of Investigation (CBI), and the Enforcement Directorate (ED), seeking their responses to the plea.The plea filed by former Union secretary EAS Sarma states that the alleged fraud committed by Anil Ambani's RCOM requires an independent and transparent investigation, in addition to the probes being conducted by the central agencies, ED and CBI. Noted advocate Prashant Bhushan appeared for th
Shares of KP Energy gained as much as 8% to their day's high of Rs 424 per share on Wednesday, November 19, after it announced an exclusive MoU with Inox Wind to collaborate on developing 2.5 GW of wind and wind-solar hybrid projects across multiple Indian states. The partnership brings together Inox Wind’s manufacturing and turbine expertise with KP Energy’s strengths in project development and balance-of-plant execution.As part of the agreement, Inox Wind and its subsidiaries will supply wind turbine generators and related equipment, along with providing engineering support that includes USS design, transformer specifications and foundation design. The group will also handle pre-commissioning, commissioning and O&M of the turbines. KP Energy, meanwhile, will be responsible for l
