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Adani group stocks lose $12.5 billion in market cap after US SEC seeks court nod to serve summons; shares slide up to 13%

Shares of Adani group companies fell sharply on Friday, with some stocks plunging as much as 13%, after reports said the US Securities and Exchange Commission (SEC) has approached a New York court seeking permission to serve summons to group chairman Gautam Adani and executive Sagar Adani in connection with an alleged fraud and $265-million…

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Adani Group stocks drop! Adani Ports, Adani Green, Adani Enterprises down up to 10% after US SEC seeks permission to serve summons

The Adani Group has rejected the allegations as unfounded and said it will take all legal steps available to defend its position. Adani Group stocks today: Shares of several Adani Group companies including Adani Green, Adani Enterprises, Adani Energy and Adani Ports have dropped by up to 10% after the US Securities and Exchange Commission…

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‘Vanished by next day’: After marker row, SEC to revert to bottled indelible ink; quotations invited from manufacturers | Pune News

PUNE: The State Election Commission (SEC) will return to traditional bottled indelible ink for the upcoming zilla parishad and panchayat samiti elections on Feb 5, following controversy over marker pens used in recent municipal corporation polls, which allegedly left erasable marks, sparking concerns of bogus voting.“We will use indelible ink bottles instead of marker pens…

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Maharashtra civic polls: Erasing indelible ink won’t allow re-voting, says state election panel; SEC warns voters | Mumbai News

The clarification came amid allegations of irregularities in the ongoing local body elections across 29 municipal corporations. (ANI) MUMBAI: The Maharashtra State Election Commission (SEC) on Thursday clarified that any attempt to erase the indelible ink applied on a voter’s finger and creating confusion during polling amounts to an electoral malpractice.The clarification came amid allegations…

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Maharashtra civic body polls: Campaigning ends, SEC enforces MCC — all you need to know | India News

NEW DELHI: Maharashtra is ready to host its Brihanmumbai Municipal Corporation polls. Announcing the schedule at a press conference, state election commissioner Dinesh Waghmare said the model code of conduct has come into effect across the concerned districts.The announcement follows the Supreme Court’s order with an extended deadline to complete the local body election process…

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Maharashtra civic polls: With ’68’ candidates set for ‘unopposed victories’, SEC to invoke 2014 directive before declaring them elected | Pune News

PUNE: The State Election Commission (SEC) would follow the Dec 2014 directive issued by then state election commissioner Nand Lal for handling unopposed wins for the municipal corporation elections, where over 60 candidates from 29 corporations are likely to be elected unopposed, senior SEC officials told TOI on Saturday.SEC directed all municipal commissioners to submit…

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Maharashtra civic polls: 39 Mahayuti candidates win unopposed across 4 bodies, raise opposition hackles; SEC to scrutinise | Mumbai News

39 elected unopposed in 4 civic bodies, raise oppn hackles MUMBAI: A wave of opposition withdrawals at four civic bodies has led to an unusually high number of unopposed victories, giving Mahayuti an early advantage. Unopposed victories were highest in the Kalyan-Dombivli Municipal Corporation (KDMC) with 20 seats, followed by seven in Thane Municipal Corporation…

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Investigate Facebook, Instagram and if… : US senators write letter to FTC and SEC chiefs on scam ads, Meta responds

US Senators Josh Hawley and Richard Blumenthal have written a letter to the heads of the Federal Trade Commission (FTC) and the Securities and Exchange Commission (SEC), demanding an immediate investigation into scam ads on Meta-owned Facebook and Instagram, a report has said. News agency Reuters recently reported that the social media giant allegedly earns…

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