The group's shares have lost more than $110 billion in value since January when Hindenburg Research alleged it had indulged in stock manipulation & improper use of tax havens.
The apex court granted the market regulator additional time till 14 August to complete its probe into possible lapses in regulatory disclosures by the Adani group.
This was in response to tweet by Congress's Jairam Ramesh who said ministry & SEBI's statements were 'misleading Parliament'. SEBI has said it hasn't probed any Adani company since 2016.
SEBI has sought 6 months' extension to probe allegations against Adani by Hindenburg Research, saying it wants to avoid any 'incorrect, premature or legally untenable conclusion'.
SEBI, on 29 April 29, had sought 6 months to complete its probe, rather than 2 months. However, the Supreme Court said on Friday it was inclined to give a three-month extension.
The Fortune cooking oil maker's consolidated net profit fell to Rs 936.1 million for the quarter ended March 31, from 2.34 billion rupees, a year earlier.
A paper by ex RBI official says dominance of 'Top-5' firms lets them excessively raise prices, but analysis of metal sector shows it's down to raw material costs, global inflation, etc.
Islamabad-based think-tank PICSS's new report says Pakistan saw 'pronounced escalation' in violence last year, with 3,413 conflict-related deaths compared to 1,950 in previous year.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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