INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

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  Indian billionaire Gautam Adani charged in US for alleged bribery, fraud Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, whose business empire extends from ports and airports to renewable energy,has been indicted in New York over an alleged multibillion-dollar fraud scheme, United States prosecutors have said. The authorities on Wednesday charged Adani and two other executives at Adani Green Energy, his nephew Sagar Adani and Vneet Jaain, with agreeing between 2020 and 2024 to pay more than $250m in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2bn in profits. Prosecutors said the renewable energy company also raised more than $3bn in loans and bonds during this period based on false and misleading statements. Shares of Adani Enterprises, the group's flagship firm, closed down 22% on Thursday. Other group firms also closed in the red. Adani Green Energy, which is the firm at the c
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INDIA REJECTS TODAY,APPLE'S PLAN TO IMPORT USED iPHONES,INTO THEIR COUNTRY.

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                     According to Reuters,Government officials said today wednesday,that India has rejected a plan by Apple Inc to import used iPhones.Apples sells what it calls refurbished iPhones at a discount in some countries,including the United States.Extending this practice to India would have likely helped it increase its share in one of the world's fastest growing smartphone markets against competitors with much cheaper offerings.But India,which is pushing a 'Make in India' initiative to boost the competitivesness of its manufacturing sector,rejected the proposal citing rules against importing used electronics.NN Kaul,a spokesman for the telecom ministry said ''India does not encourage dumping or recycling of hazardous materials''.Apple's proposal was opposed by domestic phone makers who claim selling refurbished iPhones-devices that have been returned by buyers or repaired to factory condition after damage,would breach India's anti-dumping rules.The Consumer Electronics and Appliances Manufacturers Association had written to India's telecom ministry to stall the move.One more photos below.                                                                                                                                                                                                                              

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