Adani-Hindenburg case: SC to deliver verdict over pleas seeking probe on Jan 3
Tuesday, 2 January 2024 The top court, while reserving the verdict, had said it has no reason to "discredit" SEBI, the stock market regulator, which probed the allegations against the Adani group. The court said there was no material before it to doubt what the market regulator had done.
The Supreme Court is set to deliver its verdict on a series of petitions requesting a court-monitored investigation into the accusations made by US-based short-selling firm Hindenburg Research against the Adani Group on Wednesday. The court had reserved its judgement in November of the previous year....
As the counting trend suggested major gains for the Opposition's INDIA alliance in the Lok Sabha election, Rahul Gandhi slammed the Narendra Modi-led government and said that the Opposition fought this election not just against the BJP but all the institutions it had "captured." "We fought this election against the Bharatiya Janata Party, Indian governance structure, probe agencies, judiciary and other public institutions, since these all had been captured by the Modi government," Gandhi said. "The public directly related Modi and Adani. If Modi loses, the stock market says Modi is gone so Adani is gone. There is a direct relationship of corruption between them," he alleged. Indian stocks suffered their worst intraday fall since March 2020 on Tuesday, as vote counting trends in the general election suggested Prime Minister Narendra Modi's alliance was unlikely to win the overwhelming majority predicted by exit polls.
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Witness the aftermath of the Lok Sabha Election Results 2024 as Adani Group shares plummet by billions, sparking a bloodbath in the share market. Join Oneindia for in-depth analysis and real-time updates on the economic repercussions of this seismic political event.
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The Supreme Court ruled against an SIT, upholding Sebi's ongoing investigations into Adani Group in three months. It dismissed transfer requests, endorsed FPI and LoDR norms, and rejected conflict..
Billionaire Gautam Adani has announced a massive investment of Rs 2 lakh crore in Gujarat over the next five years. The investment will primarily focus on... IndiaTimes
Congress criticizes Supreme Court's judgment on Adani Group transactions, accuses court of being generous to SEBI; Gautam Adani claims truth has prevailed;... IndiaTimes
A year after Hindenburg Research's damaging report against the Adani Group, the conglomerate's market capitalisation has more than doubled. However, it is still... IndiaTimes
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