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The Latest Breaking News from the Adani Group

Congress reiterates demand for JPC probe into Hindenburg-Adani issue

The Securities and Exchange Board of India (SEBI) should ensure complete disclosure of ownership of Foreign Portfolio Investors (FPIs) from retrospective effect, the Congress said

The Hindu

How Main Street Investors Can Detect Short Seller Misinformation Campaigns

How to avoid the pitfalls and find a better way to short stocks.

StockNews.com

Rule prohibiting investment by opaque funds done away by SEBI on 'weak grounds', claims Cong

The Congress on Tuesday alleged that a rule prohibiting investment by opaque funds was done away with by SEBI on “weak grounds” and said the market regulator cannot run with the hares by diluting reporting requirements and hunt with the hounds pretending to identify beneficial ownership in opaque tax havens.

The Hindu

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An unclean chit: On the SEBI investigation and Hindenburg Research’s allegations

The Court extension to the Securities and Exchange Board of India is a strong case for a closer look at SEBI’s approach to its key mandate of protecting investors

The Hindu

Joint Parliamentary Committee needed to probe allegations against Adani group: Congress

Congress alleges that the Supreme Court-appointed expert committee and the SEBI have “hit walls” while investigating the Adani group’s transactions and stressed the need for a JPC probe

The Hindu

Adani-Hindenburg row: SC to hear PILs seeking probe today

The Supreme Court will on Wednesday hear a batch of Public Interest Litigations (PILs) seeking an investigation into the Adani Group-Hindenberg report issue and the SEBI's plea for an extension of time to submit the report.

Dynamite News

Letters to The Editor — May 17, 2023

Readers’ mail to The Hindu’s Letters to The Editor

The Hindu

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Adani-Hindenburg row: Supreme Court to hear SEBI’s plea on extension of probe time

The Supreme Court adjourned to Tuesday the hearing on a plea of the Securities and Exchange Board of India (SEBI) seeking an extension of six months to complete a probe into allegations of stock price manipulation by the Adani group.

The Hindu

'National champion' Adani beneficiary of favours

India’s government appears to have favoured the Adani Group to grow more rapidly than older peers and avoid regulatory scrutiny on potentially serious concerns.

360info

SEBI should find ultimate beneficial owners of foreign funds invested in the Adani Group, says Congress

The Securities and Exchange Board of India (SEBI) should use all means at its disposal to get clarity about the ultimate beneficial ownership of foreign funds invested in the Adani Group, the Congress said on May 3.

The Hindu

Andhra Pradesh: Data centre, tech park set to transform Visakhapatnam into a Tier-I city, says Chief Minister Jagan Mohan Reddy

The Adani Group’s data centre and Vizag Tech Park Limited will change the future dynamics of broadband services, besides providing direct employment to 39,000 people, says Chief Minister Jagan Mohan Reddy

The Hindu

SEBI asks SC for six more months to complete probe into Hindenburg report

SEBI has sought more time to complete the probe into the accusations raised by Hindenburg Research’s damning report against the Adani group

The Hindu

‘Used foreign funds to oppose Adani project’: I-T report on Ritwick Dutta

Before environment lawyer-activist Ritwick Dutta was booked by the CBI, an income tax department report had last year accused him of opposing overseas projects led by Indian entities, including the Adani Group. It had also accused him of using foreign money to partner with domestic NGOs, including an RSS affiliate.

Newslaundry

Q&A: ‘Chilling’: Journalist sued by Adani, cited by Hindenburg

Veteran Indian journalist Paranjoy Guha Thakurta talks about his reporting, meeting Adani and the cases he faces.

Al Jazeera

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Dynamite News

Sharad Pawar's claim on Adani will not affect Oppn unity: Shiv Sena (UBT) leader Sanjay Raut

Responding to NCP patriarch Sharad Pawar's statement that there was no need for a JPC probe into the Hindenburg report on the Adani Group, Sanjay Raut on Saturday said that the same will not affect Opposition unity. Read further on Dynamite News:

Dynamite News

"SC panel more reliable than JPC": Pawar reiterates stand amid Opp ruckus over Adani

After his explosive claim on the report by Hindenburg Research against the Adani Group, NCP chief Sharad Pawar on Saturday said there are more important issues such as price rise and farmers' issues that the Opposition should raise instead of giving undue importance to the report by the US short-seller.…

The Independent UK

Indian opposition lawmakers rally against Modi government

More than 100 Indian opposition lawmakers, including members of the Congress party, have staged a protest march after the end of a parliamentary budget session that was marred by shouting and disruptions to proceedings amid a standoff with Prime Minister Narendra Modi’s government

Financial Times

Rajiv Jain, the investor betting Adani will bounce back from crisis

Founder of GQG ploughed $1.9bn into Indian billionaire’s companies after short seller attack triggered stock plunge

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Reuters

India regulator probing some Adani offshore deals for possible rule violations-sources

India's market regulator is investigating possible violation of 'related party' transaction rules in the Adani Group's dealings with at least three offshore entities that have links to the brother of the conglomerate's founder, two people said.

The Independent UK

Do Adani's woes matter for India's clean energy transition?

Gautam Adani and his companies lost tens of billions of dollars and their stock plummeted after the businesses were accused of fraud and stock price manipulation

The Independent UK

Opposition disrupts Indian Parliament after Gandhi's ouster

Members of opposition parties dressed in black disrupted India's Parliament and protested in the capital after Rahul Gandhi, a key opposition leader and fierce critic of Prime Minister Narendra Modi, was expelled from the legislature last week

The Independent UK

India's Rahul Gandhi accuses PM Modi of favoring Adani Group

India’s top opposition leader Rahul Gandhi says he was expelled from Parliament because he has raised serious questions about Prime Minister Narendra Modi's relationship with the business conglomerate Adani Group

Dynamite News

Rajya Sabha adjourned for day on 5th consecutive day as BJP, Opposition MPs continue disruptions

On the fifth day in a row, the proceedings of the Rajya Sabha adjourned for the day on Friday within minutes of convening its proceedings as both the treasury and Opposition benches created a ruckus on remarks of Congress leader Rahul Gandhi in London regarding democracy in India and over…

Dynamite News

Parliament Budget session: Opposition leaders to march to ED Office, hand over complaint on Adani issue

Several Opposition MPs on Wednesday morning, gathered for a meeting Rajya Sabha leader of opposition and Congress president Mallikarjun Kharge's Parliament chamber over the Adani Group issue. Read further on Dynamite News:

Newslaundry

Was the same helicopter used to ferry PM Modi and Gurmeet Ram Rahim Singh?

Scores of twitter posts are doing rounds with pictures of Narendra Modi and Gurmeet Ram Rahim coming out of a helicopter with messages suggesting that it is the same helicopter and it is owned by Adani. The two photographs circle “AW139” as proof that it is the same helicopter. The…

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Paranjoy Guha Thakurta

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