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New Delhi: After levelling serious allegations against Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch and her spouse Dhaval Buch, the petitioner in the Adani-Hindenburg matter, Vishal Tiwari, has said that he will approach the Supreme Court again. Speaking to Zee Business on Sunday, a day after the release of the latest…
New Delhi: Against the backdrop of US-based short seller Hindenburg Research alleging that Sebi Chairperson Madhabi Puri Buch previously held investments in offshore funds also used by the Adani group, eminent business and tech analyst, and economist Daniel Geltrude said that the allegations “can destroy investor confidence”. “Corruption involving offshore funds can erode foreign inflows,”…
Shares of the Adani group dropped by up to 17% in early trading on Monday, following fresh allegations from the US-based short-seller firm Hindenburg Research. US-based short-seller firm Hindenburg Research on Saturday claimed that whistleblower documents show Securities and Exchange Board of India (Sebi) Chairperson Madhabi Puri Buch had a stake in the obscure offshore…
New Delhi: Stock market opened in red on Monday with BSE Sensex falling 375.79 points to 79,330.12 and the Nifty dropping 108.25 points to 24,259.25 in early trade. Stock markets did not post any knee-jerk reaction post the release of the latest Hindenburg report though Adani Group stocks dropped up to 7 percent. Expert had commented…
New Delhi: The Adani group stocks including Adani Enterprises Ltd and Adani Power Ltd will be keenly watched on Monday as the market opens following Hindenburg’s latest report (published Saturday 10 August 2023), alleging Sebi Chairperson and her husband in the company’s ‘Obscure Offshore Funds’. Securities and Exchange Board of India (Sebi), has issued a…
New Delhi: Life Insurance Corporation of India (LIC) MD and CEO Siddhartha Mohanty has said that the corporation is looking to make fresh investments of around Rs 1.30 lakh crore in equities during the current financial year. During April-June FY25, the insurance behemoth made an investment of about Rs 38,000 crore in shares as against…
New Delhi: Zee Business Managing Editor Anil Singhvi has cautioned the revelations and allegations will eclipse investment sentiments in the market. He added that the news may affect both investor sentiment and wealth. Terming it as a ‘serious matter for the market’, Singhvi said that market participants will be ‘closely tracking headlines on the matter…
Mumbai: The stock of fast-moving consumer goods (FMCG) company Marico Ltd slumped nearly 5 per cent on Tuesday amid the political unrest in Bangladesh as the neighbouring country contributes almost 11 per cent of its consolidated business. The company’s stock was trading around Rs 640 a piece (down 4.9 per cent) during the day trading….
Indian markets experienced one of the worst falls today following the global bloodbath with both the Nifty and Sensex registering high losses during the opening trade amid weak global cues. Data released post market hours on Friday showed that US jobs growth slowed more than expected in July, sparking fears of economic slowdown and weighing…
New Delhi: Private sector banking major, ICICI Bank has posted a net profit growth of 14.6 per cent year-on-year (YoY) in the first quarter of financial year 2025 (Q1FY25), reaching to Rs 11,059 crore. The net interest income (NII) of the bank rose by 7.3 per cent YoY to Rs 19,553 crore, slightly above the…