Washington, 11 February (IANS). US President Donald Trump has signed an executive order to ease the enforcement of the Foreign US Foreign Corruption Act (FCPA), under which the implementation of this law has now stopped, which prevents American companies from bribing foreign authorities from bribery. .
At the same time, the Trump administration claimed that this ban causes damage to American companies.
After Trump’s decision, Adaani Group shares were strengthened on Tuesday.
A statement issued by the White House said that since its implementation in 1977, the Foreign Caption Act (FCPA) has been systematically increased and now it has been extended beyond the appropriate limit and was misused in this way Which damages the interests of America.
The statement further stated that the current FCPA law hinders the objectives of the US foreign policy and hence affects the President’s right of Article II on foreign affairs.
FCPA prevents any company or individual with American relations from giving funds or gifts to foreign authorities to secure trade abroad. Trump considered the abolition of this law during his first term.
After this development, all the stocks of Adani Group are seeing a boom.
Adaani Enterprises and Adani Power shares are seeing 4-4 percent, Adani Green Energy shares are seeing more than 3 percent.
New Delhi Television Limited has a 3 percent increase in stock.
It is trading in green mark in shares of Alana Adani Energy Solutions Limited, Adani Total Gas Limited, Adani Ports.
-IANS
ABS/
