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Sunday, April 28, 2024
TopicHindenburg report

Topic: Hindenburg report

Gautam Adani defends group’s governance, slams Hindenburg for ‘malicious attempt’ to tarnish image

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.

Instead of mandating MPS norms, SEBI should look at why promoters don’t like going to market

If India wants access to global capital, then the rules in India cannot be orders of magnitude more stringent than their global counterparts.

Finance ministry ‘stands by reply’ on SEBI probe into Adani Group, refutes claims of ‘cover up’

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.

Adani Group’s JV in talks for first dollar loan since Hindenburg, reports Bloomberg News

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.

After Adani, Hindenburg puts out report alleging Jack Dorsey’s firm Block engaged in fraud

The Hindenburg Research report also claimed Block ‘wildly overstated’ genuine user counts and ‘understated’ customer acquisition costs for years.

3 reasons Congress thinks its campaign against Adani will work better than ‘Chowkidaar Chor Hai’

Congress believes Adani issue can lead to more such charges, that its campaign will split the corporate world & draw a section towards Congress, and will help them woo small traders.

Debt is out, equity’s new game in town post-Hindenburg. Where it leaves Modi govt mega-projects

India needs broader base of 'national champions'. There is no wiggle room for investing more public money without fiscal maths going wrong, so some projects may have to be re-visited.

Month after Hindenburg report, Adani stock fall shows short seller’s findings could have been right

In 24 January report, Hindenburg Research said stocks of Adani Group’s 7 listed companies 'are 85% overvalued'. At least 3 of these have since seen their stock price fall by almost that amount.

‘Hindenburg report on Adani Group saved our livelihoods,’ say truckers in India

Around 7,000 truck owners and drivers in Himachal Pradesh are protesting against Adani's 15 December decision to shut 2 cement plants over a dispute on freight rates.

Adani-Hindenburg: SC wants ‘full transparency’, rejects Centre’s ‘sealed cover’ plan for panel

Last Friday, the top court suggested an expert panel be formed to reassess existing SEBI regulations, and how to better protect investors.

On Camera

America’s out-of-control militarised police forces are a threat to democracy

The world watched aghast as police armed with tasers, tear-gas masks—and in one case backed up by snipers—arrested hundreds of pro-Palestinian protesters at universities across the United States.

Government allows export of onions to six countries, sets buffer stock target

The government had imposed an export prohibition in order to ensure adequate domestic availability of onions in the country.

Germany removes restrictions, India can now buy small arms from its firms

Germany’s erstwhile Christian Democratic Union govt, led by Angela Merkel, prevented sale of small arms to police forces in states they perceived had ‘bad human rights record’.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.