Adani has rejected the concerns in detailed rebuttals of the Hindenburg report's allegations and criticism that it had unsustainable debt
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
Higher volatility in markets prompts trades to get more active
The group has been under pressure since the Hindenburg report that accused it of accounting fraud and stock manipulation
A stock rout has wiped $127 billion off the market value of Adani's empire after a scathing report by short seller Hindenburg Research on Jan 24
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
Market regulator SEBI has told the Supreme Court that it is inquiring into allegations made in the Hindenburg report against the Adani Group as well as the market activity immediately preceding and post the publication of the report to identify any violations of its regulations. It has also told the apex court hat it has a robust set of frameworks and market systems to ensure seamless trading and deal with the volatility in stock exchanges, while asserting that developed securities markets world over recognise short selling as a legitimate investment activity. The Securities and Exchange Board of India (SEBI) on Monday filed the 23-page written note before a bench headed by Chief Justice DY Chandrachud, which was hearing two PILs relating to the recent Adani Group shares crash, and said it was already enquiring into both, the allegations made in the Hindenburg report as well as the market activity immediately preceding and post the publication of the report, to identify violations of
The Central government has agreed to form an expert committee to strengthen the regulatory regime in order to ensure that market investors are protected.
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
The appointment marks the first major effort by Adani Group to defend itself in the wake of a Jan. 24 report by Hindenburg that accused it of improper use of offshore tax havens and stock manipulation
It is hard to agree with Hindenburg's broad-brush rationale for dissing corporate India. If anything, over the past few years, corporate governance standards in the country have strengthened
Gandhi was sent the notice by Lok Sabha secretariat on February 8, to which he has to reply by February 15
Criticism of the government or its policies cannot be construed as impacting the "dignity of the House" or as an allegation against a particular member
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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
Its market regulator yet to share prelim report with India
The story of "sudden volatility" isn't so sudden and starts in mid-2020, except that it was upward volatility then
If the first half of the Parliament session is any indication, for the matter to have traction, BJP leaders will have to get a crash course on the allegations made by Hindenburg
Globally, for infrastructure projects, the construction risk is borne by the bond market; the banks step in at a later stage when they can smell the cash flow
Court asked regulator to file response detailing how a strong framework can be put in place