Currently, both Mukesh Ambani and his contemporary Gautam Adani, are confronting various challenges. India’s richest men, Mukesh Ambani and Gautam Adani, have seen their net worth drop below the $100 billion mark in the last few months. Currently, both Mukesh Ambani, who leads Reliance Industries Ltd, and his contemporary Gautam Adani, who established the Adani…
MUMBAI: Finance minister Nirmala Sitharaman said there is a need to delve into facts before attacking the Sebi chief Madhabi Puri Buch on grounds that Caesar’s wife should be above suspicion. “There’s just no way in which all of us can sit around here and talk about this Caesar’s wife business saying ‘No no… regulators…
NEW DELHI: Sebi chief Madhabi Puri Buch and husband Dhaval on Friday issued a strong rebuttal to all the allegations that the Congress party had levelled against them, including charges of conflict of interest. Buchs presented detailed facts behind each of the points raised earlier by the opposition party, including their relationships with four listed…
NEW DELHI: Adani Group late Thursday night denied allegations by New York based short-seller Hindenburg Research that Swiss authorities have frozen more than $310 million in funds across half a dozen Swiss bank accounts as part of a money laundering and securities forgery investigation into the group, dating back as early as 2021.Hindenburg made the…
MUMBAI: Hindenburg Research on Wednesday pointed out that Sebi chief Madhabi Puri Buch has maintained “complete silence” for weeks despite several entities making fresh charges. “New allegations have emerged that the private consulting entity, 99% owned by Sebi chair Madhabi Puri Buch, accepted payments from multiple listed companies regulated by Sebi during her time as…
NEW DELHI: Congress on Tuesday levelled fresh allegations of “conflict of interest” against Sebi chairperson Madhabi Puri Buch and said that an advisory firm in which she held 99% stake had provided consultancy services to the Mahindra and Mahindra Group, Dr Reddy’s, ICICI, Pidilite Industries, Sembcorp and Visu Leasing and Finance, while she held senior…
MUMBAI: Upending markets regulator Sebi’s stance that all HR-related issues have been resolved amicably, a group of its employees demonstrated within its headquarters at Bandra Kurla Complex in the first half of Thursday. They demanded withdrawal of Sebi’s release of the previous evening and resignation of its chief, Madhabi Puri Buch, sources said.More than 100…
Billionaire Gautam Adani plans to appoint auditors from a top global firm and hire a chief executive officer for his family offices to bring a level of disclosure often associated with listed companies, people familiar with the matter said.The founders of the mining-to-media conglomerate are talking to two of the big six accounting firms to…
NEW DELHI: The Congress party on Tuesday passed a resolution to organise a nationwide protest on August 22, pressing the government to establish a Joint Parliamentary Committee (JPC) to investigate allegations made by US-based firm Hindenburg Research against the Sebi chief and the Adani Group.“Today, we held a meeting with AICC general secretaries, incharges, and…
MUMBAI: In volatile trades on Monday, the sensex closed a marginal 57-point lower at 79,649 points as investors on Dalal Street mostly discounted US short-seller Hindenburg Research‘s report that alleged conflict of interest on part of Sebi chief Madhabi Puri Buch while investigating alleged wrongdoings by Adani Group.While the latest Hindenburg report didn’t have much…
