"We will move ahead as per the provisions of law after examining the records," Naidu said on Wednesday at the TDP's headquarters at Mangalagiri. On Tuesday, the CM said in Vijayawada that the state government cannot scrap the contracts unless there is adequate proof of irregularities.
"We have to pay high penalties if we scrap the contracts. Unless there is clear proof, we cannot take action," he said.
The development comes more than a month after Gautam Adani's indictment in the United States over allegations of bribing Indian government officials to secure "lucrative solar energy supply contracts".
This story is from the January 03, 2025 edition of Financial Express Kolkata.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 03, 2025 edition of Financial Express Kolkata.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Tech firms face setback as Wi-Fi spectrum allocation plan nixed
DoT DECISION MAY DELAY ADOPTION OF NEXT-GENERATION DEVICES
EPFO Discusses Pendency of Applications for Higher Pensions
THE EXECUTIVE COMMITTEE (EC) of the Central Board of Trustees (CBT) of the Employees' Provident Fund Organisation's (EPFO) on Saturday discussed the status of the pending applications of subscribers who opted for higher pensions, post a Supreme Court ruling in 2022.
ArcelorMittal Nippon Steel's two new output lines to boost auto biz
ArcelorMittal Nippon Steel (AM/NS) India is looking to give a boost to its automotive steel business with the scheduled commissioning of two production lines dedicated to manufacturing advanced automotive steel products.
India Leads in Disaster Management, Says Shah
BACKED BY RESILIENT infrastructure in the area of disaster management, India has emerged as a global leader in the sector by adopting a 'zero casualty' goal during calamities, Union home minister Amit Shah said on Sunday.
FPIs Take Out ₹44,396 Crore From Equities So Far in Jan
FOREIGN INVESTORS HAVE pulled out ₹44,396 crore from Indian equities this month, driven by strength of the dollar, rising bond yields in the US, and expectations of a weak earnings season.
Hindenburg founder faces scrutiny
NATE ANDERSON, 'ACTIVIST' short-seller who has announced shutting down of his almost eight years old research firm Hindenburg, is under cloud for alleged links with hedge funds in preparing reports targeting companies, a Canadian portal said citing documents filed before a court in Ontario.
'America First' stalls bond issuance bonanza in EMs
A RECORD START to the year for emerging-market bond sales is at risk of fizzling as high Treasury rates hamper weaker credits from tapping international capital.
Chennai Express charges ahead
Refined, familiar, and the fastest Creta ever produced, with more than 400 km real range
No way to declare exempt gift in ITR
These can trigger an I-T notice if not properly reported
Trump Promises Executive Order Aiding TikTok
PRESIDENT-ELECT DONALD Trump asked technology companies to \"not let TikTok stay dark\" and announced he would extend a deadline to sell the company after the video platform suspended its services in the US and Apple and Google removed the platform from their app stores.
