A day after Adani Group's shares took a beating as Hindenburg Research made damaging allegations against it, the group on Thursday said it is examining legal options to take "punitive action" against the US activist investor for its "reckless" attempt to sabotage a share-sale at the conglomerate's flagship firm. "The maliciously mischievous, unresearched report published by Hindenburg Research on January 24, 2023 has adversely affected the Adani Group, our shareholders and investors. "The volatility in Indian stock markets created by the report is of great concern and has led to unwanted anguish for Indian citizens," the group's lead head Jatin Jalundhwala said in a statement.
Well-known US activist investor Hindenburg Research has alleged that Adani Group was "engaged in a brazen stock manipulation and accounting fraud", a charge the conglomerate described as malicious, unsubstantiated, one-sided, and having done with malafide intention to ruin its share-sale. Hindenburg, a US-based investment research firm that specialises in activist short-selling, said its two-year investigation reveals that "the Rs 17.8 trillion ($218 billion) Indian conglomerate Adani Group has engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades." The report comes ahead of a Rs 20,000 crore follow-on share sale of Adani Group's flagship Adani Enterprises.
"Vishguru's latest salvo - D(h)arna Mana Hai!," Jairam Ramesh said.
The Akali Dal is convinced that Waris Punjab De and Amritpal Singh are part of a bigger plan to create a law and order problem in the state, leading to the imposition of central rule and even the exclusion of Punjab from the Lok Sabha polls as was done in 1991.
He criticised Uddhav Thackeray for not giving time to meet his supporters and leaders.
Sajid Khan became captain without any trouble and while most of the housemates were okay with him being in charge, Tina Datta wasn't happy.
'For me, love is being happy.' 'It's being free and carefree.'
The Aam Aadmi Party claimed on Wednesday that the Bharatiya Janata Party has approached four of its legislators in Delhi, asking them to switch sides and join the saffron party or else, face 'false cases, the CBI (Central Bureau of Investigation) and the ED (Enforcement Directorate)'.
The Uddhav Thackeray-led Shiv Sena on Thursday said the Mumbai civic body's decision to deny permission to it for Dussehra rally at the Shivaji Park was expected and claimed it was 'very bad script of the Bharatiya Janata Party'.
While the rest of India marches towards the promised destiny of 'progress', Bihar - the heart of India- is doomed to poverty and the injustices of a caste-based society.
'As CIC, you have the power to comment on policy matters. 'If you have very strong beliefs and you know your rulings will be reported, you will express your beliefs.'
The Supreme Court on Thursday said the Election Commission (EC) is duty bound to act in a fair and legal manner and a person who is weak-kneed before the powers cannot be appointed as an election commissioner.
So how do you rate the Modi government's 10th budget which comes ahead of the crucial five-state election?
'The pride of the devoted Seinfeld fan is that he happens to love a show that doesn't take his love for granted, so that even on repeat viewings he is never really sure what directions an episode might take,' observes Sreehari Nair.
Had he not taken his final curtain call on April 23, 1992, Satyajit Ray would still, undoubtedly, have been making movies.
He is scheduled to testify on Friday.
'...only if we sort it out with Pakistan.'
Aaditya Thackeray on Wednesday sought to distance himself from the strident "anti-migrant" stance that the Shiv Sena, founded by his late grandfather Bal Thackeray, has often been accused of.
It's addictive. It's entertaining. It's gorgeous. Once bitten by the K-drama bug, there's no going back.
He also demanded mid-term elections in Maharashtra, saying that people should be allowed to take a stand on toppling of the Maha Vikas Aghadi (MVA) government led by him.
Vote bank politics cannot be above protecting the sanctity of girls and women, he said virtually launching the campaign for the 2024 Lok Sabha election at Chaibasa, about 150 km from in Chaibasa.
Tempers flare up in Bigg Boss 15, even in front of the media.
State Congress chief Girish Chodankar told reporters that AAP leaders were 'already in talks with Congress leaders'.
Shift your focus from looking at things that are out of your control to what is in your control after losing your job, advises Dr Shefalika Sahai.
India caved in to a bad deal at Copenhagen, says Praful Bidwai.
The JD-U leader's outbursts against his former ally came in response to queries from journalists about Shah's speech earlier in the day at Sitab Diara.
The opposition party was reacting after BJP spokesperson Gaurav Bhatia asked Ansari and the Congress to come clean on the claims of Pakistani journalist Nusrat Mirza that he had visited India five times during the Congress-led UPA rule and passed on sensitive information collected here to his country's spy agency ISI.
Booted out by his beloved Manchester United, suspended by the Football Association and deemed over the hill by many, Cristiano Ronaldo answered everything in the best possible fashion with another record-breaking display on Thursday.
The SSP said the investigation of the matter and questioning of the infiltrator will be conducted later.
More screenings are expected to take place in some colleges in Ernakulam and Thiruvananthapuram later Tuesday, a senior police officer said.
Having twice betrayed the BJP -- and Arvind Kejriwal determined not to admit in AAP anyone who could question his authority -- Sidhu seems to have reached a dead-end in his political career, asserts Virendra Kapoor.
Yes, there's going to be a lot of tears, laughs and thrills coming your way.
Bihar Chief Minister Nitish Kumar on Friday defended his new government's decision to provide 'Z-plus' security cover to his deputy Tejashwi Yadav, rubbishing criticism of the move by the Bharatiya Janata Party.
Playback singers enjoyed the challenge of being pitched against the finest voice God ever created, but they were also wary of Lata Mangeshkar's endless resourcefulness in rendition.
Without naming the BJP, Raut said those who want to grab power can do so but the future will belong to Shiv Sena.
In a statement, the SKM alleged that the government had not fulfilled any of the promises, including setting up a committee on minimum support price and withdrawal of cases against protesters, made to the farmers.
With the deepening political crisis in Rajasthan over the appointment of Ashok Gehlot's successor, Congress Working Committee members have demanded from Sonia Gandhi to pull the state chief minister out of the race for the party chief and select another candidate for the top post, sources said on Monday.
A week before the Taliban seized Kabul, Payenda had resigned from his position after President Ashraf Ghani lashed out at him in a public meeting.
The youngsters in Mismatched look like angels. There are no bullies, no mean girl cliques -- they are all a mostly cheerful, helpful, clean-cut lot, for whom kissing and mild swearing is about as naughty as they dare, observes Deepa Gahlot. Mismatched Season 2 Review
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