An expert committee appointed by the Supreme Court said it cannot conclude any regulatory failure around Adani Group's stock rallies, and that Sebi has "drawn a blank" in its probe into alleged violations in money flows from offshore entities into the conglomerate. But the six-member panel said there was an evidence of a build-up in short positions on Adani Group stocks ahead of the report of US-based short seller Hindenburg Research, and profiting from squaring off positions after prices crashed post-publication of the damning allegations. "At this stage, taking into account the explanations provided by Sebi, supported by empirical data, prima facie, it would not be possible for the committee to conclude that there has been a regulatory failure around the allegation of price manipulation," the panel said in the report submitted to the Supreme Court.
'IDF (the Israeli Defence Forces) soldiers, be it a girl or a boy, they may look very cute, but you cannot mess with them.' 'People are serving their country at 95 years of age. That's the greatest example of patriotism.'
The failure of SVB was due to idiosyncratic reasons, but shows how higher rates can expose fault lines in unforeseen places, observes Neelkanth Mishra.
'That's the beauty of Mumbai cricket. Nobody interferes with the running of the cricket, only the cricketers are allowed to run the cricket.'
The probe has been settled through consent proceedings, an out-of-court like settlement under which Rs 500,000 have been paid towards settlement charges.
Six entities including four foreign portfolio investors (FPIs) are under lens for suspicious trading in Adani group shares prior to the release of the damning Hindenburg report, the Supreme Court-appointed expert committee has said. There was a build up of short positions in the Adani scips prior to the January 24 release of the Hindenburg report, and substantial profits were booked thereafter as stocks crashed, the 178-page report said. A "short" position is generally the sale of a stock one does not own.
'They are happy for the Hindu community as Ram Lalla is consecrated in Ayodhya.'
Canada's envoy to the United Nations, Robert Rae, during his address to world leaders at the UN General Assembly on Tuesday raised the issue of 'foreign interference' adding that the rules of state-to-state relations, cannot be bent for 'political expediency'.
A string of populist promises, including extension of the free ration scheme announced by Prime Minister Narendra Modi, the Mahadev betting app issue and the Hindutva card are among key factors that have catapulted the Bharatiya Janata Party to power in Chhattisgarh after five years.
A Pakistani court on Tuesday issued a non-bailable arrest warrant against former prime minister Imran Khan in the Toshakhana case but he was granted bail in three other cases, amid high drama outside the court premises where thousands of his supporters converged to support their leader.
False and acrimonious debates such as Modi versus Manmohan might allow for victories that are political and partisan. But the real loser is the nation, India and Bharat, notes Arvind Subramanian, former chief economic advisor to the Modi government in its first term.
The spacecraft will now prepare for separation of the lander module -- comprising the lander and rover -- from the propulsion module.
The fate of the ministerial conference was sealed after assistant US trade representative Sharon Bomer Lauritsen said permanent solution to the food stockholding issue was not acceptable to America.
The Indian embassy has received requests from Indian tourists stranded in the country to facilitate their exit. Most of the tourists are travelling in groups.
Experts say the new security features will significantly ensure there is no 'large-scale theft of people's identity'.
Max Verstappen became the first Formula One driver to take 16 victories in a season
In her Budget 2023-24 presentation, she also said the Centre will launch the 'Dekho Apna Desh' initiative to promote domestic tourism.
For the last four years since abrogation of Article 370, Kashmir-based political parties have been struggling to forge an alternate narrative to the one forcibly snatched from them. The BJP is bound to go hammer and tongs at them now that their armoury is reinforced with the Supreme Court judgment, notes Mohammad Sayeed Malik, the veteran commentator on Kashmir affairs.
Domestic equity investors' wealth eroded by more than Rs 4.43 lakh crore on Monday as fears of a financial contagion triggered by one of the biggest bank failures in the US roiled market sentiments. After a strong opening, Indian stocks went into a tailspin with the benchmark 30-share BSE Sensex tumbling nearly 900 points to close at 58,237.85 points -- sliding for the third straight trading session. The NSE Nifty too declined 258.60 points to end at 17,154.30 points.
Malik, who was then governor of Jammu and Kashmir, has recently alleged intelligence failures and that the central government denied aircraft for the movement of security personnel.
By the time the security failure is discovered and fixed, the damage is already done. A CIO survey by Forcepoint and Frost & Sullivan found that 69 per cent of Indian organisations were at risk of data breach. Whenever there is data breach, there is a potential disaster waiting to happen.
Ferrari's Carlos Sainz won the Singapore Grand Prix on Sunday to end Formula One leader Max Verstappen's record run of 10 wins in a row.
'Shubman Gill is sort of struggling a little bit in controlling his tempo.'
All Naxal-affected states demonstrate police as well as governance incapacities. Odd occasions of success and temporary dip in Naxal violence notwithstanding, the states have utterly failed to dominate and make their presence felt over areas under the extremist domination, says Bibhu Prasad Routray.
The SP chief said, "If the Congress behaves like this, who will stand with them."
"I agree security, intelligence failed," said Union Home Minister P Chidambaram on Mumbai terror attacks. Details are awaited.
In an unprecedented attack that few Israelis saw coming on the Jewish holiday of Simchat Torah on Saturday, Hamas fired thousands of rockets and sent dozens of fighters into Israeli towns near the Gaza Strip.
The Congress sought her intervention in helping bring normalcy in violence-hit Manipur, and called for the constitution of a high-level inquiry commission headed by a serving or retired Supreme Court judge to probe the incident.
How can a detenu already in jail and facing trial participate in rioting and stone pelting during that intervening period, the judge asked.
A special bench of Justices Devan Ramachandran and Kauser Edappagath directed the State Police Chief to come out with a new set of protocols for ensuring security of the doctors and other healthcare professionals in all government hospitals in the state.
The Supreme Court on Thursday asked the Sebi to probe within two months allegations of stock price manipulation by the Adani group and any lapses in regulatory disclosures, and also set up a panel to look into protection of Indian investors after a damning report by a US short seller wiped out more than USD 140 billion of the conglomerate's market value. The top court while directing the setting up of a six-member committee headed by former apex court judge Justice A M Sapre for the assessment of the extant regulatory framework and for making recommendations to strengthen the process said it was appropriate to set up such a panel of experts in order to "protect Indian investors against volatility of the kind which has been witnessed in the recent past". The court-appointed Justice Sapre panel, which will be provided assistance by the Centre and other statutory agencies including the Sebi chairperson, will have to submit its report in a sealed cover within two months, said the bench which comprised Chief Justice D Y Chandrachud and Justices P S Narasimha and J B Pardiwala.
All leading newspapers carried the story about cancellation of NSA-level talks on the front page, highlighting the Indian "pre-conditions" which, according to local media, led to the breakdown of parleys.
Mobs killed a cleric in a late night attack on a mosque, torched an eatery and vandalised shops as communal violence that began in Haryana's Nuh spilled over into Gurugram, taking the death toll to five, the police said on Tuesday.
Former US ambassador to India Robert Blackwill on Thursday said India faced the threat of more 26/11-like terror attacks and one of the reasons would be the lacklustre response by its government towards such crises.
Li also had a difficult meeting with some of the Western leaders on the sidelines, especially Italian Prime Minister Giorgia Meloni, who has signalled Italy's resolve to quit China's famed Belt and Road Initiative for its failure to bring the expected results to Rome.
At least nine separatist organisations supporting terror groups have their bases in Canada and despite multiple deportation requests Ottawa has taken no action against those involved in heinous crimes, including the killing of popular Punjabi singer Sidhu Moosewala, officials in New Delhi said on Tuesday.
Haris Rauf bowled a couple of hostile spells, while Imam-ul-Haq struck a silken 78 as Pakistan secured a comfortable seven-wicket victory over Bangladesh in a Super Four clash of the Asia Cup, in Lahore on Wednesday.
President Droupadi Murmu has approved 76 gallantry awards, including four Kirti Chakras posthumously and 11 Shaurya Chakras to personnel of the security forces, on the eve of the 77th Independence Day, officials said.
'The Centre prevaricates on the question of effecting a change of state-level leadership or on the imposition of President's rule in the state.'
