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The Securities and Exchange Board of India has warned two Mauritius-based funds. These funds have investments in the Adani Group. They could face penalties for not sharing shareholding details. The regulator has been requesting this information for two years. The Adani Group is under investigation since Hindenburg Research's allegations. The probe concerns potential breaches of public shareholding norms.
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Gas and electricity prices are expected to fall in July, under regulator Ofgem's new price cap.
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A Chinese foreign ministry spokesperson made the comments at a daily press briefing when asked about Moody's downgrade of the U.S. sovereign credit rating due to concerns about the nation's growing debt pile.
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