NEW DELHI: Congress called upon the central government to act swiftly to address potential conflicts of interest within the Securities and Exchange Board of India (Sebi) after fresh allegations leveled by US short-seller Hindenburg Research against Sebi chairperson Madhabi Buch. The opposition party also said that the “seeming complicity of the highest officials of the…
MUMBAI: Hindenburg Research, the US short-seller that in Jan 2023 had alleged extensive corporate fraud by the Adani group using offshore vehicles, on Saturday night cited whistleblower documents claiming that Sebi chairperson Madhabi Puri Buch, with husband Dhaval, had also invested in the same offshore vehicles.Sebi chief and her husband, through 360 One WAM (IIFL’s…
NEW DELHI: Hindenburg Research, the firm known for its critical report on the Adani Group, has made allegations against Madhabi Puri Buch, the chief of Securities and Exchange Board of India (Sebi). They claim that she had stakes in “obscure offshore entities used in Adani money siphoning scandal”. This development adds a new layer to…
NEW DELHI: Hindenburg Research, a US-based firm, has recently hinted at a potential new report focused on India, more than a year after it made allegations against the Adani group of companies, accusing them of insider trading and other stock market violations.The cryptic message, posted on the company’s X social media account, simply stated, “Something…
MUMBAI: Adani Enterprises, the flagship of the Adani Group, plans to launch a $1-billion share sale by mid-Sept, Reuters reported.The offering of existing shares will mark Adani Enterprises’ return to the capital market after it withdrew a $2.5-billion follow-on offering in Feb last year after US short seller Hindenburg Research accused the conglomerate of improper…
Gautam Adani, the 62-year-old chairman of Adani Group, has revealed his plans to retire at the age of 70 and transfer control to his sons and their cousins in the early 2030s, according to an interview with Bloomberg News quoted by Reuters. Gautam Adani emphasized the importance of succession for business sustainability, saying, “I left…
NEW DELHI: Union finance minister Nirmala Sitharaman on Tuesday took a dig at Congress leader Rahul Gandhi over his “Double A and A1,A2” jibes at the BJP-led NDA government as she reminded the Congress leader about the recent milestone reached at Vizhinjam International Seaport in Kerala which welcomed its first mothership, ‘San Fernando’. Rahul, who…
New Delhi: Congress on Saturday said govt must prevent the emergence of monopolies during company expansions and ensure fair takeovers without political influence.“Firms must grow. Companies must expand. But govt must ensure competition is not stifled, oligopolies or monopolies don’t emerge, takeovers are free and fair, and undue advantage arising out of access to political…
NEW DELHI: The seven Adani Group airports have seen cargo movement grow by 7% in FY 24 when it handled 10 lakh metric tonnes of goods. At 6.7 lakh metric tonnes, international cargo grew at 9% with the top commodities being automobiles, pharmaceuticals, perishables, electricals, electronics and engineering goods. While Delhi, Bengaluru and Kolkata were…
NEW DELHI: In a dramatic shift in the ranks of the world’s wealthiest individuals, Mukesh Ambani has surpassed Gautam Adani to reclaim the title of Asia’s richest person again. According to the Bloomberg Billionaires Index, Ambani is ranked 11th among the world’s wealthiest individuals.Adani, whose conglomerate suffered a loss of $25 billion in a single…
