These warnings came after an August 2023 circular in which Sebi tightened beneficial ownership norms
Sources say the search process has been started so that a replacement is in place if incumbent Madhavi Puri Buch does not get an extension after her three-year tenure ends on February 28, 2025
Whose investment is there in Hindenburg? Do you know this gentleman George Soros who regularly runs propaganda against India...He is the main investor there, says BJP leader Ravi Shankar Prasad.
Indian equity market closed one percent higher after a gap-up opening on Friday but failed to sustain above the short-term moving averages (10 and 21-day EMA), which coincides with the 24,400 mark. This is a crucial level to watch for further upside towards 24,700, the upper end of the bearish gap created on August 5. If the index fails to close and sustain above 24,400, consolidation may continue with support at the 24,100-24,000 zone, according to experts. The Nifty 50 finished the week 1.4 percent down at 24,368. This morning GIFT Nifty is hinting at a mildly negative start. Investors will be watching out for any reaction to the Hindenburg allegations against SEBI chief Madhabi Puri Buch and her husband saying that they had stakes in offshore funds used by the Adani group. Among stocks in focus, watch out for Adani Group stocks, Jubilant Foodworks, Honasa, Bharat Dynamics and Mazagon Dock. Catch Nandita Khemka in conversation with Kunal Rambhia—Fund Manager, The Streets.
Madhabi Buch and Dhaval Buch issued a firm rebuttal to the Hindenburg report, saying the held no investments in Adani entities. Blackstone was added to Madhabi’s recusal list with Sebi on Dhaval’s appointment as an adviser to the investment fund, they said, adding that two consulting firms set up by Madhabi became dormant on her appointment at Sebi.
Chandrasekhar dismissed the Hindenburg report as lacking substance, labeling it a "classic Congress-style" attack, filled with "innuendo and lies" glued together with a few grains of truth.
Hindenburg’s report suggested that Adani's confidence in operating without serious regulatory intervention might be linked to an alleged relationship with SEBI Chairperson Madhabi Buch.
Jai Anant Dehadrai's first argument is that the report has attempted to establish financial wrongdoing, or bribery, only by virtue of owning a stake that current SEBI Chairperson and her husband, Dhaval Buch held in the same offshore fund.
Flagship firm Adani Enterprises and other group companies disclosed they had received notices from the Securities and Exchange Board of India (SEBI) about alleged violations including non-compliance with certain provisions for listed companies
Adani Ports and Special Economic Zone will issue two bonds worth Rs 250 crore each.
The surge in Adani Group stocks boosted Chairman Gautam Adani's wealth by over $10 billion, reaching a fortune exceeding $70 billion according to the Bloomberg Billionaires Index
APJL will supply 1,496 MW net capacity power from the 1,600 MW Godda USCTPP under the power purchase agreement (PPA) with Bangladesh Power Development Board (BPDB)
The 10 Adani stocks have added about $10 billion to their market value in today’s session so far, poised to be the biggest increase since Hindenburg’s scathing report in January.
In the statement, Adani said SEBI is conducting an investigation into allegations made by a foreign short-seller and also into market activity before and after release of its report on January 24.
APSEZ floated a tender to buy back as much as USD 130 million of its July 2024 bonds and similar amounts in each of the next four quarters, it said in an exchange filing, as it looks to regain investor confidence by showing that its liquidity position is comfortable.
His response in the Lok Sabha through a written reply was to a query on whether the corporate affairs ministry has conducted any review on the financial statements and other regulatory submissions of Adani group of companies after the Hindenburg report.
Funnycontrol explores Hindenburg’s latest standup comedy special.
Amrita Ahuja, the Indian-origin chief financial officer of Block, has been named in the latest Hindenburg report targeting the payments platform.
Australian High Commissioner Barry O'Farrell said the impact of the Hindenburg report on the Adani Group is a matter for India's regulators and that there have been no reports about the business group ceasing operations in Australia.
India has managed inflation better than other economies and is well placed to navigate worries on the price front, says the co-founder of the wealth management firm
Reducing fiscal deficit is a challenge going forward as paring can happen only in the discretionary part of the budget, which is capital expenditure. But when you cut capex, it will affect growth, says the founder of GQuant Investech
Adani and two of its main subsidiaries, including Adani Green, have been caught up in a short-selling storm in recent weeks
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Adani Ports and Special Economic Zone, Adani Transmission Ltd, and Adani Green Energy Ltd pledged shares to SBICAP Trustee Co, the firm said in filings to the Bombay Stock Exchange on Friday.
The group has total redemptions due to the tune of Rs 90,000 crore in the next few years, which includes overseas bonds and commercial papers.