Gautam Adani Tells Investors FPO Called Off Due To “Market Volatility”

Gautam Adani said considering the volatility of the markets yesterday, the Adani Board strongly felt it would not have been morally correct to proceed with the FPO.

markets yesterday, the Adani Board strongly felt it would not have been morally correct to proceed with the FPO.

Washington: Indian-American Congresswoman Pramila Jayapal has been named Ranking Member of the powerful House Judiciary Committee’s panel on Immigration, making her the first immigrant to serve in a leadership role for the subcommittee. Ms Jayapal, 57, representing the 7th Congressional District of Washington State succeeds Congresswoman Zoe Lofgren to serve on the Subcommittee on Immigration Integrity, Security, and Enforcement, a media release said.

ChatGPT Plus subscription plan announced

New Delhi: Billionaire Gautam Adani today said the “interest of my investors is paramount and everything else is secondary” as he explained the decision to call off a blockbuster share sale amid plunging stocks after a US short-seller’s critical report. In an address to investors, Mr Adani said the decision “would have surprised many” but considering the volatility of the

“In my humble journey of over 4 decades as an entrepreneur I have been blessed to receive overwhelming support from all stakeholders particularly the investor community. It is important for me to confess that whatever little I have achieved in life is due to the faith and trust reposed by them. I owe all my success to them. For me, the interest of my investors is paramount and everything is secondary. Hence to insulate the investors from potential losses we have withdrawn the FPO,” Mr Adani said in his video statement. Adani Enterprises announced its decision late last night to call off its ₹ 20,000-crore Follow-on Public Offer (FPO) and said it will return the proceeds to investors, a day after the FPO was fully subscribed.

India, US Keen To Fast Track $3 Billion Predator Drone Deal: Report

Joe Biden Invites PM Modi For State Visit To US This Summer

Washington: India and the United States are keen for an early conclusion of the 30 MQ-9B predator armed drones deal at a cost of over USD 3 billion, which will help New Delhi strengthen its overall surveillance apparatus along the Line of Actual Control (LAC) and the Indian Ocean. In the works for more than five years, the “ball is now in India’s court”, officials familiar with the development said Wednesday, without explaining further. The MQ-9B predator armed drones -- 10 each for three services -- is seen to be a key part of India’s national security and defense needs. The officials did not elaborate further but ruled out that there was any bureaucratic hurdle or regulatory issues involved.