Norway's central bank excluded Adani Group's port firm, APSEZ, from its government pension fund due to ethical concerns, specifically unacceptable risks related to violations of individual rights in war or conflict situations. APSEZ sold its Myanmar asset last year, yet Norway's Norges Bank cited insufficient buyer information. This marks APSEZ as the 15th Indian company excluded, joining firms like ONGC, GAIL, and NTPC, which faced similar actions regarding ethical violations and environmental concerns.
Ashu Shinghal added that the 20 percent drop in net profit it reported for the fourth quarter was primarily due to lower availability of APM gas and CNG price reduction announced by the company.
The Andhra Pradesh High Court bench of Chief Justice Dhiraj Singh Thakur held that to maintain an application under Section 11(6) of the Arbitration and Conciliation Act, 1996, the Applicant is .