Sat, Nov 23, 2024
The Adani group has denied the allegations leveled by the US Department of Justice and the US Securities and Exchange Commission against Adani Green directors. Asserting that is is compliant with all laws, it has said that it will seek all possible legal recourse.
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Thu, Nov 21, 2024
In more trouble for embattled businessman Gautam Adani, the billionaire, along with other defendants, allegedly paid over $250 million in bribes to Indian government officials, US authorities said.
Fri, Nov 15, 2024
Alleging that the Madhabi Puri Buch scandal "isn’t just insider trading" but "a revealing case of direct conflict of interest", Rahul Gandhi has claimed that powerful regulators in the country are "entangled with the very corporations" they are supposed to oversee.
Sat, Aug 10, 2024
US-based short seller Hindenburg Research alleged on Saturday that Sebi Chairperson Madhabi Puri Buch and her husband had held stakes in obscure offshore funds used in Adani money siphoning. Madhabi Puri Buch and Dhaval Buch categorically rubbished the allegations in the Hindenburg report, describing them as "baseless" and "devoid of any truth". "Our life and finances are an open book. All disclosures as required have already been furnished to Sebi over the years... It is unfortunate that Hindenburg Research against whom SEBI has taken an Enforcement action and issued a show cause notice has chosen to attempt character assassination in response to the same," the husband-wife duo said in a statement.
Tue, Jul 02, 2024
Hindenburg's counterattack on SEBI notice. Kotak Group on Hindenburg's radar. Kotak Mahindra Bank gave clarification. Know complete details from Ashish Chaturvedi.
Statement from Kotak Mahindra International. Hindenburg has never been our client. Not known to be Hindenburg's partner.
Fri, May 19, 2023
Adani-Hindenburg Saga: The Supreme Court-appointed committee headed by retired judge A.M. Sapre probing the Adani-Hindenburg controversy said taking into account explanations provided by Sebi (Securities and Exchange Board of India), supported by empirical data, prima facie, it would not be possible for the committee to conclude there has been a regulatory failure around the allegation of price.
Adani-Hindenburg Saga: An expert committee appointed by the Supreme Court said it cannot conclude any regulatory failure around Adani Group's stock rallies, and that Sebi has "drawn a blank" in its probe into alleged violations in money flows from offshore entities into the conglomerate.
Adani-Hindenburg Saga: Supreme Court-appointed expert committee constituted to look into the Adani group shares crash triggered by the Hindenburg Research report has said empirical data showed that retail investors' exposure in the group has increased after January 24, 2023, when the report came out.
Wed, Mar 29, 2023
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex finished higher on Wednesday amid broad--based gains, with financial, IT and FMCG shares being the top contributors. Globally, shares saw mixed moves as a rescue deal for Silicon Valley Bank (SVB) brought a sigh of relief to investors rocked by wild swings in banking shares but caution persisted about higher-for-longer interest rates. Catch minute-by-minute highlights of all the action in the Indian share market on March 29, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog.
Tue, Mar 28, 2023
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex finished a volatile session on Tuesday with minor losses, amid mixed moves across global markets after a deal between First Citizens BancShares and Silicon Valley Bank (SVB) brought a sigh of relief to investors rocked by wild swings in banking shares amid concerns about the health of the system. The US stock market is likely to open on a muted note, despite gains across Asia and Europe, as indicated by Dow Jones futures, which gave up initial gains to turn flat in afternoon deals India time. Global, the SVB deal shifted focus somewhat from worries about higher-for-longer interest rates. The Indian financial market will remain shut on Thursday for the Ram Navami holiday. Catch highlights of all the action in the Indian share market on March 28, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog.
Mon, Mar 27, 2023
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex managed to halt a two-day losing streak with a mild gain on Monday, March 27, as Dalal Street entered a four-trading session week owing to the Ram Navami holiday on Thursday. The rise in the Indian share market comes amid mixed moves across global peers, as optimism about resilience of the banking sector following the Silicon Valley Bank (SVB) and Credit Suisse crisis is countered by the prospect of higher-for-longer interest rates. Catch HIGHLIGHTS of all the action in the Indian share market on March 27, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog:
Fri, Mar 24, 2023
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex finished a volatile session lower on Friday, falling for a second straight day, dragged by heavyweights such as Reliance, Larsen & Toubro (LT), Bajaj Finance (BAJFINANCE), Bajaj Finserv (BAJFINSV) and ICICI Bank (ICICI Bank). The Indian stock market took negative cues from its Asian and European peers following a wild session in the US, where Treasury Secretary Janet Yellen vowed to take steps to keep deposits safe a day after Fed Chair Jerome Powell announced a hike in the key US interest rates and promised safety of the banking system. Catch highlights of the March 24 session in the Indian share market, the views of Zee Business Managing Editor Anil Singhvi and other experts, realtime market analysis and much more only on Zeebiz.com's blog:
Thu, Mar 23, 2023
Hindenburg Research targets Twitter co-founder Jack Dorsey's payment firm Block: The short-seller said in a note on its website that its two-year-long investigation has concluded that "Block has systematically taken advantage of the demographics it claims to be helping."
Could US-based Hindenburg Research, whose report in late January rocked Adani group shares, be working on another big report? Well, that's what the US-based financial research company just hinted at in a Twitter post. It was a January 24 report by HIndenburg, accusing the Indian conglomerate of stock manipulation and misuse of offshore tax havens that sent Adani group stocks — from the likes of Adani Enterprises to Adani Ports — bleeding on Dalal Street, even as Adani group denied any wrongdoing. The Adani conglomerate also dismissed the Hindenburg report as baseless.
Stock Market Today LIVE: Indian equity benchmarks Nifty and Sensex ended a volatile session lower on Thursday, after the Fed's widely-expected 25-basis-point rate hike and promise to continue to fight red-hot inflation amid banking turmoil brought the nervousness back on Wall Street and Asian markets. Catch highlights of the March 23 session in the Indian stock market, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog.
Mon, Mar 13, 2023
Finance Minister Nirmala Sitharaman said, "The Life Insurance Corporation of India (LIC) has informed that its debt exposure to Adani Group of Companies, was Rs 6,347.32 crore and Rs 6,182.64 crore, as on December 31, 2022, and March 5, 2023, respectively".
Tue, Mar 07, 2023
Adani group's move to repay share-based financing is an initiative to reinforce belief in its shareholders and promoters.
Mon, Feb 13, 2023
The BSE Sensex settled at 60431.84 losing 250 points or 0.41 per cent, and Nifty50 ended at 17770.90 sliding 85 points or 0.48 per cent on Monday.
Adani group companies have lost $100 billion in market value since US-based Hindenburg Research came out with a damning report alleging fraud at the conglomerate helmed by the Indian conglomerate. Adani has denied the charges.
Fri, Feb 10, 2023
A majority of Adani group stocks succumbed to selling pressure — with four of them locked in the lower circuit — after MSCI reduced the weightage of four group companies, including Adani Enterprises, in its gauges after reassessing the number of shares that are freely traded.
Fri, Feb 03, 2023
Adani Group's listed companies have lost over USD 100 billion in value in just over a week after short-seller Hindenburg Research's scathing report flagged concerns about the ports-to-energy conglomerate's debt levels and alleged stock manipulation, accounting fraud and the use of tax havens
Fri, Jan 27, 2023
Adani Group prepares for legal action, what challenge did Hindenburg give? What questions did Adani Group raise on Hindenburg Report? What did Hindenburg do in counter to Adani's answer? What is Adani Group's reply on Hindenburg Research's report? What are Hindenburg's 88 questions? What has happened so far in SEBI' investigation? What should investors of Adani Group do now? What has happened so far in the Adani Group and Hindenburg controversy? To know, Watch this special report of Zee Business.
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