NEW DELHI: Amid a political slugfest over the latest Hindenburg report, Dalal Street discounted the short-seller’s charges against Sebi chairperson Madhabi Puri Buch and her husband Dhaval Buch and their alleged links with the Adani probe, closing 57 points lower in volatile trade.Unlike Jan 2023, when the report on Adani group severely eroded the conglomerate’s…
NEW DELHI: Once bitten, twice shy. A cautious Indian stock market on Monday successfully negotiated the second Hindenburg salvo at the Adani Group with sensex and Nifty closing marginally lower despite a highly volatile trade through the day. And, while the markets did well to survive the potential Hindenburg disruptions, the politicians were once again…
NEW DELHI: The Bharatiya Janata Party (BJP) on Monday accused the Congress of engaging in “chit politics” following the Congress’ demand for a Joint Parliamentary Committee to investigate the recent Hindenburg research report. The report claimed that Sebi chairperson Madhabi Puri Buch had stakes in “obscure offshore entities” allegedly involved in the Adani money siphoning…
NEW DELHI: Sebi chief Madhabi Puri Buch and her husband Dhaval Buch on Sunday rejected the claims of the fresh Hindenburg Research report alleging that the market regulator body chairperson had stakes in “obscure offshore entities used in Adani money siphoning scandal”.Issuing a point-by-point rebuttal, Madhabi Buch and her husband trashed allegations of impropriety levelled…
NEW DELHI: Government is unlikely to immediately step into the controversy created by the Hindenburg report as senior officials believe that the charges against Sebi chief Madhabi Puri Buch and her husband Dhaval, are “untrue and malicious” and are in response to the regulator‘s notice to the short seller. They alleged that Hindenburg may also…
MUMBAI: In 2022, when Madhabi Puri Buch took charge as Sebi chairperson, she broke several barriers – primary of them being the first woman and the first former private sector professional to head the markets’ regulatory body. After a four-and-half-year stint as a whole-time member at Sebi, she had taken a few months off due…
NEW DELHI: BJP on Sunday claimed Congress and other opposition parties were part of a conspiracy to create financial instability and chaos in India, as the party rejected Hindenburg’s charge against the Sebi chairperson as an attempt to discredit the financial watchdog.BJP spokesperson Sudhanshu Trivedi said the short-selling firm, which last year levelled serious allegations…
NEW DELHI: Securities and exchange board of India on Sunday responded to the Hindenburg report saying that the chairperson Madhabi Puri Buch made “relevant disclosures” from time to time and recused herself in matters involving conflict of interest. “It is emphasized that Sebi has adequate internal mechanisms for addressing issues relating to conflict of interest,…
NEW DELHI: The political clash between Congress and the BJP intensified on Sunday after US-based short-seller Hindenburg Research levelled allegations against Sebi chairperson Madhabi Buch. The Congress party demanded immediate government action to address potential conflicts of interest in the regulator’s investigation of the Adani Group and called for a joint parliamentary committee (JPC) to…
NEW DELHI: The Adani Group on Sunday vehemently denied the latest allegations made by US-based short seller Hindenburg Research. The group characterized the allegations as “red herrings thrown by a desperate entity with total contempt for Indian laws.”The new Hindenburg report claimed that Sebi chairperson Madhabi Buch and her husband had stakes in offshore entities…
