The Founders News
Business News

Adani Group Payment Lags Behind Peers

The Adani Group, one of India’s largest conglomerates, has come under scrutiny for its relatively low contribution to the government’s coffers in FY24. Reports suggest that the group’s payments to the government reached only Rs 9 crore, which falls short of what was expected given its rapid expansion across various sectors like infrastructure, energy, and ports. This has raised questions about the group’s tax liabilities and its overall financial health. Industry experts are watching the situation closely, as any further developments could impact investor sentiment towards the Adani Group companies.

Related posts

Karnataka HC Ruling on Byju’s Rights Issue

The Founders News

India’s GDP Grows 6.2% in Q3, Driven by Consumption and Government Spending

The Founders News

Nissan and Honda Explore Merger to Challenge Toyota’s Dominance

The Founders News

Zee and Sony Resolve Merger Dispute Amicably

The Founders News

Ambuja Cements in Spotlight as Subsidiaries Sanghi and Penna Cement Merge

The Founders News

Samsung Workers Strike Over Pay and Conditions

The Founders News