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[ad_1] New Delhi: The Congress-led opposition stepped up its attack on Friday against the government over the Adani row and demanded that there should be a thorough investigation into what they alleged was a “mega scam” as it involved public money. Opposition parties have been demanding a joint parliamentary probe or a Supreme Court-monitored investigation…
[ad_1] Mumbai: Amid concerns over banks’ exposure to the embattled Adani Group, the Reserve Bank on Friday said India’s banking sector is resilient and stable, and the central bank maintains a constant vigil on the lenders. Responding to media reports expressing concern about the exposure of Indian banks to a “business conglomerate”, the Reserve Bank said…
[ad_1] New Delhi: A PIL has been filed in the Supreme Court, seeking the prosecution of short seller Nathan Anderson of US-based firm Hindenburg Research and his associates in India and the US, for allegedly exploiting innocent investors and the “artificial crashing” of the Adani Group’s stock value in the market. Hindenburg engages in activist…
[ad_1] Finance Minister Nirmala Sitharaman Union Finance Minister Nirmala Sitharaman on Friday responded to the Adani-Hindenburg issue in an interview with News18, citing the statements of the SBI and the LIC. She also reiterated that their exposure to Adani Group stocks is well within permitted limits and that they are still profitable despite falling valuations….
[ad_1] The Adani Group has shed over $108 billion in market value since Hindenburg Research accused the company of stock manipulation and accounting fraud in a Jan. 24 report. Investors are losing confidence in Adani Group and retails investors are now into panic selling mode. However, Adani is taking steps to restore confidence among the…
[ad_1] Gautam Adani whose net worth is continuously falling after the release of the Hindenburg report now lost the spot in the world’s top 20 billionaire list. Today, he lost over Rs 1680 crore as stocks of his group’s companies continue to lose market capitalization. Most of the group’s stocks are locked in their respective…
[ad_1] New Delhi: Both Lok Sabha and the Rajya Sabha were adjourned on Friday till 2.30 pm following an uproar by the opposition members demanding a discussion on the Adani issue. In Rajya Sabha Soon after the house met for the day, RS Chairman Jagdeep Dhankhar rejected the 15 adjournment notices filed by members of…
[ad_1] Parliament proceedings likely to witness disruptions over Adani issue for 2nd day Delhi: Disruptions by Congress-led opposition are likely to stall proceedings of both houses of Parliament on Friday too, over the research firm Hindenburg’s allegations against Adani group. The opposition parties had stalled proceedings on Thursday over the issue and according to sources…
[ad_1] New Delhi: As many as three Adani group companies, including Adani Enterprises, have come under short-term additional surveillance measure (ASM) framework of the BSE and NSE, according to the latest data available with the exchanges on Thursday. Apart from Adani Enterprises, the other two firms listed by the exchanges are — Adani Ports and…
[ad_1] New Delhi: The Congress party has decided to hold nationwide district level protests on Monday, February 6, in front of the Life Insurance Corporation office and the State Bank of India office here over the Hindenburg report. “The government can’t jeopardize the hard earned money of the people of India to profit the crony…