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…
NEW DELHI: Govt on Friday introduced a bill to amend banking laws, which includes changes to nomination facility to make it more consumer-friendly, but left the floor on its holding unchanged to ensure that the Centre retains majority stake in public sector banks, indicating that stake sale in state-run banks will not be pushed.Govt had…
MUMBAI: Nearly a third of the health insurance claims recorded by insurers are due to seasonal infectious diseases. These include vector-borne diseases such as dengue and malaria, which give rise to high claims in July and August, or water-borne infections such as gastroenteritis. In winter, it is usually bronchitis or influenza.As many of these claims…
Just two years ago, Bhavish Aggarwal was facing one of his biggest tests. A video on social media showed an Ola Electric Mobility Ltd. vehicle bursting into flames in the Indian city of Pune, raising doubts about whether his bet on the world’s biggest e-scooter factory would ultimately pay off.The outspoken founder, who’s drawn parallels…
MUMBAI: At $460 billion, business interests of the country’s three wealthiest families’ put together are worth as much as Singapore’s GDP.With Rs 25.8 lakh crore ($309 billion), Ambani family ranks first in the Barclays Private Clients Hurun India most valuable family businesses list. They are followed by the Bajaj family, headed by Niraj Bajaj, which…
MUMBAI: LIC plans to take the acquisition route to get into the health insurance business, said MD & CEO Siddhartha Mohanty.During the announcement of the company’s financial results for the first quarter, Mohanty said that the company is looking at an acquisition during the current financial year. “Rather than set up a vertical for insurance,…
NEW DELHI: There is not likely to be any impact on loan EMIs as the Reserve Bank of India‘s monetary policy committee had decided to keep the repo rate unchanged at 6.5%.“The monetary policy committee decided by a 4:2 majority to keep the policy repo rate unchanged at 6.5%. Consequently, the standing deposit facility (SDF)…
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…
NEW DELHI: Hitting out at the Opposition over the demand for doing away with GST on health and life insurance, FM Nirmala Sitharaman on Wednesday said around three quarters of the revenue collected goes to the states and those who are protesting should take up the matter with their state finance ministers.“I want to raise…
