Hindenburg Research

Adani Group stocks in focus; Energy Solutions, AEL rally up to 6%

Shares of Adani Energy Solutions, Adani Ports, Adani Enterprises, Adani Power, Adani Green Energy, Adani Total Gas, Adani Wilmar and Ambuja Cements were up in the range of 2 to 6 per cent.

Highlights: Protesting junior doctors say will fast unto death over Bengal govt's apathy

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Parl panel calls Sebi chief Buch on Oct 24 amid Adani-Hindenburg row

The Public Accounts Committee (PAC) of Parliament has decided to review the functioning of top regulatory authorities in the country and has called heads of SEBI and TRAI for deposition on October 24. Top officials of the Ministry of Finance, (Department of Economic Affairs) and Ministry of Communications have also been asked to appear before the key parliamentary panel, with sources saying representatives of the Securities and Exchange Board of India (SEBI) chairperson Badhabi Puri Buch and Telecom Regulatory Authority of India (TRAI) chairperson Anil Kumar Lahoti are likely to appear before the panel. Sources said the unstated convention in parliamentary practice is that chiefs of institutions have to attend parliamentary panel briefings whenever summoned. The meeting of the key parliamentary panel comes amid a major row over allegations made by US research body Hindenburg against SEBI chairperson Madhabi Puri Much and her husband Dhaval Buch over her alleged links with the Adani

Sebi board to meet today amid allegations against chairperson Buch

Board expected to informally address conflict of interest claims and employee grievances

Sebi board meeting today: F&O rules, Hindenburg claims, employees complaint

Sebi board meeting today, Sept 30, will be the first meeting since allegations were pressed against Sebi Chairperson Madhabi Puri Buch by Hindenburg Research. Here's what to expect from the meeting

Facts need to be taken on board: FM Nirmala Sitharaman on Buch row

FM said that Buch, along with her husband, had answered quite a few of the allegations levelled against her by the Congress party and have put forth the facts

Puri Buch row: Youth Congress workers stage protest outside Sebi office

Youth Congress activists on Monday demonstrated outside the SEBI office in Mumbai, demanding a probe into allegations raised against SEBI chairperson Madhabi Puri Buch and her resignation. Police detained the workers and booked them under various sections of the Bharatiya Nyay Sanhita (BNS). Citing the US short-seller Hindenburg Research's report, the party workers led by Mumbai Youth Congress president Akhilesh Yadav demanded Puri Buch's resignation, alleging a conflict of interest. "We wanted an inquiry into the allegations and Puri Buch's resignation from the post," said Yadav. Puri Buch and SEBI had denied allegations.

Adani rejects Hindenburg claims of $310 million fund freeze in Swiss banks

The Adani Group reiterated that its overseas holding structure is transparent, fully disclosed, and adheres to all applicable laws

Adani Group denies Hindenburg comment on frozen funds in Swiss banks

Prosecutors detailed how an Adani frontman invested in opaque BVI/Mauritius & Bermuda funds that almost exclusively owned Adani stocks

Hindenburg questions Sebi chief Madhabi Buch's silence amid Congress claims

The Congress party levelled fresh allegations against Sebi chairperson Madhabi Buch and her husband, accusing her of 'wilful ignorance' when faced with a conflict of interest

PM Modi at Semicon India 2024, Er Rashid gets bail, Pannun backs Rahul Gandhi & other

Have FPIs implicated in Adani case revealed details of their owners: Cong

Noting that September 9 was the deadline for Foreign Portfolio Investors to disclose the beneficial owners of their holdings, the Congress on Wednesday asked SEBI if those implicated in the Adani matter have done so and why has it taken the capital markets regulator 18 months to enforce the new norm. Congress general secretary in-charge communications Jairam Ramesh said it is September 11 today, two days after the SEBI's September 9 deadline for Foreign Portfolio Investors (FPIs) - those who stand accused of holding concentrated portions of their equity portfolio in a single corporate group - to disclose the beneficial owners of their holdings. "We had raised this issue a few days ago, in light of information that two Mauritius-based FPIs that were part of the revelations in the still-unfolding Modani mega scam, have petitioned the Securities Appellate Tribunal to seek urgent relief from complying with these new foreign investor norms," he said in a post on X. "Some questions to the

Sebi chairperson's husband received money from M&M, alleges Congress

Automaker rejects allegations as 'false and misleading', says it didn't seek 'preferential treatment' from regulator

Hindenburg research: Sebi has lot to explain, says Cong over Mauritius FPIs

The Congress on Sunday said the SEBI investigation into "the Adani Group's brazen attempt" to bypass regulations is still languishing and the capital markets regulator has a lot to explain. Congress general secretary in-charge communications Jairam Ramesh's remarks attacking SEBI came after a media report which claimed that two Mauritius-based foreign portfolio investors (FPIs), who were mentioned in the January 2023 report on the Adani Group by short-seller Hindenburg Research, have petitioned the Securities Appellate Tribunal, seeking urgent relief from complying with SEBI's new foreign investor norms. "Two Mauritius-based foreign portfolio investors (FPIs), a part of the revelations in the still-unfolding Modani mega scam, have now petitioned the Securities Appellate Tribunal, seeking urgent relief from complying with SEBI's new foreign investor norms before the upcoming September 9th deadline," Ramesh said. Both the FPIs are alleged to be violating rules that require investors t

Parliament's Public Accounts Committee likely to summon Sebi chief Buch

The PAC will probe the allegations against the Sebi chief and also ask her and other officials from the ministries of finance and corporate affairs to appear before the committee

Adani Group in talks with global banks to sell $1.5 billion of dollar bonds

Proceeds would be used to refinance project debt, according to people familiar with the plans, who requested anonymity to discuss private details

Cong demands independent inquiry into allegations against Sebi chief

Amid the row over allegations against SEBI chairperson Madhabi Buch, the Congress on Thursday demanded an independent inquiry into the matter, asserting that it is in national interest to have a probe as foreign investors were getting concerned and there were doubts about the integrity of India's stock markets. The opposition party said only an objective, independent inquiry with the SEBI Chairperson Buch stepping aside was needed until then can restore trust and confidence in India's stock markets and hence the economy. Chairman of Professionals' Congress and Data Analytics Praveen Chakravarty claimed that lots of skeletons are tumbling out of the cupboard of SEBI, which is one of the nation's most important institutions. "On 10 August, a foreign research firm issued a report with allegations against the SEBI chairperson and her family regarding offshore funds, for which they claimed to have documentary evidence. This allegation was made by a research firm, not by any political ...

Congress seeks ICICI Bank's clarification on Sebi chief's retiral benefits

Congress spokesperson Pawan Khera on Tuesday issued a statement questioning ICICI Bank's explanation over retirement benefits allegedly received by Sebi Chief Madhabi Puri Buch

Conflict of interest: Buch drew salary from ICICI while at Sebi, says Congress

Congress leader Pawan Khera accuses Buch of receiving remuneration not only from the government but also from ICICI Bank and ICICI Prudential.

In first address after Hindenburg, Sebi chair urges 'trust, compliance'

Puri Buch declined to address the allegations or the questions surrounding her ownership in consultancy firms on the sidelines of the event