Page 8 - Latest Updates on Hindenburg Report
Billionaire Raj: The rise of India's multi-business conglomerates
The experience of South Korea, Japan and Russia has shown that the conglomerate model often comes with political connections, but such comparisons can be overblown, writes T N Ninan
Why related party transactions may need more regulatory attention
The practice picked up during the pandemic, come into focus as Adani controversy unfolds
 "Why related party transactions may need more regulatory attention")
Adani vs Hindenburg: SC to hear PILs, mull over setting up experts' panel
The Centre had told the bench, also comprising Justices P S Narasimha and J B Pardiwala, that it wanted to provide details such as names and the scope of the panel's mandate in a sealed cover
 "Adani vs Hindenburg: SC to hear PILs, mull over setting up experts' panel")
Adani's crisis to spark democratic revival in India, says George Soros
The fallout from US short seller Hindenburg Research's attack on the conglomerate threatens to hurt investor confidence in India, has fueled concerns about the country's regulatory framework
 "Adani's crisis to spark democratic revival in India, says George Soros")
S&P puts Adani Transmission's ESG rating under review on governance issues
Will closely monitor developments, including any investigations by the Indian regulators and any additional disclosures by the Adani group, S&P said in a statement
 "S&P puts Adani Transmission's ESG rating under review on governance issues")
Any committee other than JPC will be exercise in 'exoneration': Congress
The Congress on Thursday said a thorough investigation into the Adani issue is necessary, holding that any committee other than a JPC will be nothing but an exercise in legitimisation and exoneration
 "Any committee other than JPC will be exercise in 'exoneration': Congress")
Adani Group denies reports of hiring Grant Thornton for audits amid crisis
Adani Group | Grant Thornton: Media reports suggested that embattled Adani Grpup had appointed accountancy firm Grant Thornton for an independent audit of a few of its companies in a bid to come clean
 "Adani Group denies reports of hiring Grant Thornton for audits amid crisis")
Adani Group to consider privately placed bond offerings for 3 subsidiaries
If it moved ahead with any offering and was able to secure investors, it could be the first debt issuance for Adani since shortseller Hindenburg Research alleged fraud and stock manipulation
 "Adani Group to consider privately placed bond offerings for 3 subsidiaries")
Borrowing blitz makes Adani's empire even more vulnerable amid worst crisis
The conglomerate, with businesses stretching from ports to renewable energy, tapped international bond buyers for more than $8 billion in recent years
 "Borrowing blitz makes Adani's empire even more vulnerable amid worst crisis")
No refinancing, liquidity issues, says Adani to calm jittery investors
Adani has rejected the concerns in detailed rebuttals of the Hindenburg report's allegations and criticism that it had unsustainable debt
ESG's most influential gatekeeper MSCI readies verdict on Adani Group firms
MSCI Inc. will release the results of a quarterly review for its ESG and climate indexes this week, the first since a short-seller attack on the Adani Group triggered a $100 billion selloff
Adani Enterprises Q3 results: Net consolidated profit at Rs 820 crore
Adani Enterprises Q3 results: The net standalone profit in Q3FY23 was Rs 269.71 crore as compared to a loss of Rs 36.46 crore in Q3FY22
 "Adani Enterprises Q3 results: Net consolidated profit at Rs 820 crore")
Adani row: We have robust framework to deal with mkt volatility, says Sebi
The SEBI said as the matter was in early stages of examination, it may not be appropriate to list details about the ongoing proceedings at this stage
 "Adani row: We have robust framework to deal with mkt volatility, says Sebi")
Adani crisis unlikely to spill over to other Indian conglomerates
Adani is an outlier, not representative of India Inc. as a whole," economists Abhishek Gupta, Scott Johnson and Tom Orlik said in their report Tuesday
 "Adani crisis unlikely to spill over to other Indian conglomerates")
Nothing for BJP to hide, be afraid of: Shah on allegations over Adani row
"The Supreme Court has taken cognizance of the matter. As a minister, if the Supreme Court is seized of the matter it is not right for me to comment," Shah said
 "Nothing for BJP to hide, be afraid of: Shah on allegations over Adani row")
Top headlines: Adani hires Grant Thornton, Jio aims 100% 5G coverage
Business Standard brings you the top headlines at this hour
Adani Group tries to calm investors as Sebi confirms investigation
"We are confident in the continued ability of our portfolio to deliver superior returns to shareholders," Adani Group said in the emailed statement
Regulatory mishaps seem to dog the Indian financial markets permanently
One way out is to give constitutional status to regulatory agencies with systemic importance, like in the case of CAG, and CEC
Top headlines: Adani group to cut growth target, Class of '23 awaits hiring
Business Standard brings you the top headlines at this hour
Hindenburg effect: Adani Group cuts revenue growth target, capex amid rout
Holding back on investments for even as little as three months could save the conglomerate as much as $3 bn- funds that can be deployed to pay down debt or boost the cash pile, said another person
 "Hindenburg effect: Adani Group cuts revenue growth target, capex amid rout")
