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

Adani Group Stocks Performance Post-Hindenburg Report

The Founders News

Supreme Court Orders Liquidation of Jet Airways, Citing “No Choice” Amid Ownership Dispute

The Founders News

Tech Mahindra’s Language Model Innovation

The Founders News

Star Garments Expands to Togo with $15M IFC Funding

The Founders News

HDFC Bank Securitises Over ₹12,700 Crore in New Car Loans via PTCs

The Founders News

Swiggy Files for ₹10,000 Crore IPO, Targets $10 Billion Valuation

The Founders News