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 … Read more
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 … Read more
Mumbai: Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch and her husband Dhaval Buch on Sunday said that at no point in time did the fund IPE Plus – in which they had invested – acquire bonds, equities or derivatives of any Adani group company. They said all disclosures of securities held … Read more
New Delhi/ Mumbai: Sebi chairperson Madhabi Puri Buch and her husband, Dhaval, on Sunday trashed allegations of impropriety levelled by Hindenburg and hit out at the short seller for “attacking” Sebi’s “credibility” and for attempted “character assassination” of Puri Buch while not responding to a show-cause notice issued by Sebi.The market watchdog, too, waded in, … Read more
A year-and-a-half after alleging that billionaire Gautam Adani was running the “largest con in corporate history”, Hindenburg Research on Saturday made yet another big allegation on the Adani issue by claiming that Sebi Chairperson Madhabi Puri Buch had stakes in offshore funds linked to the conglomerate. “The current SEBI Chairperson and her husband, Dhaval Buch, … Read more
New Delhi: Hours after a media report claimed that Adani Group Chairman Gautam Adani was in talks with Paytm founder Vijay Shankar Sharma to buy a stake in Paytm, the popular fintech company termed the report “speculative”. Paytm informed stock exchanges in a filing that the company is not engaged in any discussions in this … Read more
Adani Group chairman, Gautam Adani, is considering purchasing a stake in Paytm’s parent company One97 Communications, reported The Times of India quoting sources familiar with the matter. As per the report, Paytm founder and CEO Vijay Shekhar Sharma visited Adani at his office in Ahmedabad to “finalise the contours of a deal” on Tuesday. If … Read more
MUMBAI: Three companies from India’s two largest conglomerates are looking to raise funds amid their growth plans. Adani Energy Solutions (earlier known as Adani Transmission) plans to sell shares worth Rs 12,500 crore to institutional investors, while the board of sister company Adani Enterprises will meet on Tuesday to consider raising fresh capital.Tata Steel, part … Read more
SHIMLA: Prime Minister Narendra Modi waived loans worth Rs 16 lakh crore of 22 people in the last 10 years but could not give Rs 9,000 crore to deal with the disaster caused by monsoon rains in Himachal Pradesh last year, Congress leader Rahul Gandhi said on Saturday. Addressing an election rally at Nahan in … Read more
On alleged discrepancies in the procurement of coal, a spokesperson for TANGEDCO dismissed the charges made in the OCCRP report and said the process has since changed, but refused to comment on the procurement process followed between 2012 and 2016. According to OCCRP, TANGEDCO bought this coal at $91.91 per MT, as against its invoice … Read more