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[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…
[ad_1] RBI (Photo: IANS) The Reserve Bank of India (RBI) has asked for details from banks on their exposure to the Adani Group, several reports said on Thursday. The information being sought by the central bank includes details of collateral being employed to back loans and indirect exposure that banks may have. Subscribe us on…
[ad_1] New Delhi: The Aam Aadmi Party (AAP) on Tuesday termed the allegations of financial fraud against the Adani Group as the “biggest scam” and urged Prime Minister Narendra Modi to order “a fair probe” into the matter. In a letter to the prime minister, AAP Rajya Sabha MP Sanjay Singh also demanded that the…
[ad_1] As the Adani Group tries to grapple with the Hindenburg Research report that accused them of financial fraud, mounting debts and offshore tax havens, the former has announced that it will go forward with the planned initial public offering (IPO) as scheduled. In a statement, Adani Group said, “There is no change in either…
[ad_1] India’s Gautam Adani, Asia’s richest man, faces possibly the biggest challenge of his career after a U.S. short seller, Hindenburg accused Adani conglomerate of stock manipulation and accounting fraud. Adani Group responded Hindenburg report with an over 400-page data, the group led by Gautam Adani called all the allegations “unsubstantiated” and “misleading”. However, despite the…
[ad_1] Chairman of Adani Group, Gautam Adani New Delhi: Richest Indian Gautam Adani’s group on Sunday likened the damning allegations levied by short seller Hindenburg Research to a “calculated attack” on India, its institutions and growth story, saying the allegations are “nothing but a lie”. In a 413-page response, Adani Group said the report was…
[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…
[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…
[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…
[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)…