The 15-year-old cloud services provider has raised a hefty sum, thanks to a timely shift to an AI-first approach. It’s now gearing up for opportunities beyond the private sector amid intensifying competition. In the past four months, E2E Networks has raised more money than it ever did in the 15 years of its existence. Last week, infrastructure major Larsen & Toubro decided to acquire a 21% stake in E2E for Rs 1,407 crore.
Fresh evidence surfaces in the decade-long probe into “over-invoicing” of coal imports totalling over Rs. 35,000 crore by corporates including Adani. This scam’s main victim was the public at large rather than the government’s coffers. The Directorate of Revenue Intelligence (DRI) had found evidence that over 40 companies were over-charging for coal that was imported and sold to thermal power plants across the country.
The network of offshore companies and Swiss bank accounts that were used to divide Dhirubhai Ambani’s foreign assets after his death is being probed by the income tax authorities; a company crucial to the network was MoTech Software.
