The US-based organisation announced the shutting of operations Thursday with the founder claiming the decision to disband was not due to any external threats.
Congress accused the SEBI chief of non-disclosure and misconduct regarding companies like Mahindra Group that employed her husband a day after she denied allegations of impropriety.
Adani Group companies experienced a decline of up to 4 percent Monday, with Adani Wilmar being the biggest loser, dropping by 4.1 percent to close at Rs 369.35.
Hindenburg's allegations 'baseless' & 'devoid of any truth', say SEBI chairperson Madhabi Puri Buch and her husband. Congress calls for joint parliamentary committee to investigate issue.
In January 2023, Hindenburg published report accusing Adani Group of financial irregularities, leading to sharp drop in company's stock price. Adani Group had rubbished these claims.
Without disclosing the name of the investor, Hindenburg said it made $4.1 million in gross revenue through 'gains related to Adani shorts from that investor relationship'.
Shares of Adani Group companies are still down around $100 billion after the short-seller's report alleged improper use of tax havens and concerns over its debt levels.
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.
Data centre provider AdaniConneX, a joint venture with Virginia-based EdgeConneX, will use the money for capital expenditure, with a five year tenor under discussion, the report said.
The IndiGo crisis is nothing short of a threat to India’s stability. Could it be an experiment? Can this happen in any other crucial sector like power or railways?
November exports to the US saw 10% growth from the previous month. Overall, in the first 8 months this fiscal, the merchandise exports to the US touched has touched $59bn.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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