Photo: The Economic Times
Three Foreign Funds Account Worth Rs 43,500 Crore Suspended
The National Securities Depository Ltd has suspended the accounts of three foreign funds that possess shares in four Adani Group entities, worth Rs 43,500 crore. According to a personnel at custodian banks, the accounts have been frozen due to an inadequate release of information under the Prevention of Money Laundering Act. However, the accounts that has been freezed are Albula Investment Fund, Cresta Fund and APMS Investment Fund.
Tags: Adani Groups, National Securities Depository, Foreign funds, ADANI ELECTRICITY LTD
Courtesy: Business Today
Photo: The Indian Express
Major Power Failure Across Mumbai; Traffic Signals Stopped working
Several locations at Mumbai including Panvel, Thane, Navi Mumbai, and others suffered from 'major electricity failure', on October 12. Reportedly the failure caused due to "TATAs incoming electric supply failure". The incident caused interruption in daily train services and dis-functioning of traffic signals. However, the authorities have informed that the power will be restored within an hour. "Only critical-services will be provided… read-more
Tags: Mumbai, Electricity Failure, Power-Cut, Tata, ADANI ELECTRICITY LTD
Courtesy: NDTV News
