[ad_1] New Delhi: The Congress Saturday questioned the “silence” of the Union finance minister and probe agencies after LIC and SBI “lost over Rs 78,000 crore” in market capitalisation of their shares due to exposure in Adani Group. LIC and SBI continue to invest in the Adani group even after the Hindenburg research report alleged … Read more
[ad_1] Hyderabad: BRS working president and Telangana IT minister KT Rama Rao on Saturday went after the BJP-led Centre and said that there are serious questions that need to be answered by the ‘NPA’ govt on findings of the Hindenburg Report. “There are serious questions that need to be answered by the NPA Govt on … Read more
[ad_1] New Delhi: The Adani Group has said that accounting (or fraud-type assertions) “investigation” by Hindenburg Research are devoid of facts. Of Adani’s portfolio’s nine publicly listed entities, eight are audited by one of the Big 6. On leverage or over-leverage issue — 100 of our various companies are rated (these account for nearly 100 … Read more
[ad_1] Mumbai: Benchmark indices Sensex and Nifty plunged over 1 per cent to close at three-month lows on Friday due to selling in banking, financials, utilities and oil shares triggered by an unfavourable report on Adani group as well as FIIs taking a cautious stance ahead of the Union budget. Continuing its decline for a … Read more
[ad_1] India’s richest person Gautam Adani lost a spot on the list of the world’s top five billionaires after his net worth dipped by USD 20.1 billion today. On Friday, Adani group stocks continue to fall after Hindenburg Research said it fully stands by its report and believes any “legal action taken against us would … Read more
[ad_1] New Delhi: The maliciously mischievous, unresearched report published by Hindenburg Research on January 24 has adversely affected the Adani Group, our shareholders and investors, the Adani Group said in a statement on Thursday. “The volatility in Indian stock markets created by the report is of great concern and has led to unwanted anguish for … Read more
[ad_1] Soon after US’s Hindenburg Research investigative report accused Adani Group of the improper wide use of businesses established in offshore tax havens and expressed worry about excessive debt levels, the conglomerate released a statement terming the report as ‘malicious combinations of selective misinformation.’ The statement was released by Adani Group’s Chief Financial Officer (CFO) … Read more
[ad_1] Chairman of Adani Group, Gautam Adani Hindenburg Research disclosed short positions in the Adani Group on Wednesday, accusing the conglomerate of the improperly wide use of businesses established in offshore tax havens and expressing worry about excessive debt levels. The revelation, which comes just days before Adani Enterprises’ (ADEL.NS) $2.5 billion share sale, sent … Read more