SEBI to inform SC: Adani enquiry started in 2014, hit dead end

06 Oct 2023 CW Team

India's top court will be informed by the country's markets regulator about the reasons behind the pause and subsequent resumption of investigations into the Adani Group.

The Securities and Exchange Board of India (SEBI) will reveal for the first time that India's customs authority had alerted them to a potential misuse of offshore funds by Adani Group companies in 2014. However, the initial investigation did not yield any substantial findings, leading to a pause in 2017.

The investigations were revived by SEBI earlier this year following governance concerns raised by Hindenburg Research, a US-based short-seller, allegations that the Adani Group vehemently denied.

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

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Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..