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The Latest Breaking News from Adani

SEBI still probing 13 overseas entities’ holdings in Adani group

SEBI's investigation into two aspects raised by Hindenburg Research report against Adani Group is in an "interim" stage. SEBI has completed investigation in 22 of 24 allegations and is seeking information from external agencies for the remaining two. These include 13 overseas entities' compliance with minimum public shareholding requirement and…

The Hindu

PM Modi ‘lied’ on Chinese incursion into India’s land in Ladakh: Rahul Gandhi

Mr. Gandhi extended the Congress’ support to the demands of the Leh Apex Body and the Kargil Democratic Alliance, which are fighting for the status of the Sixth Schedule, a separate Public Service Commission, reservation of jobs for locals and two separate parliamentary constituencies for Leh and Kargil.

The Hindu

Import duty cuts on essentials harms farmers: unions

SKM (non-political) urges PM Modi to reconsider decision to reduce import duty on essential items. Farmers' leaders allege Centre is supporting corporate control & cartelisation in agriculture trading, impacting farmers & consumers.

The Hindu

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Adani ports auditor Deloitte to quit after flagging concerns

MUMBAI: The auditor of billionaire Gautam Adani’s ports business is planning to resign, people familiar with the matter said, a move that may heighten concerns about accounting quality at the Indian conglomerate targeted by short seller Hindenburg Research.

The Times of India

CWPRS delegation to visit Muthalapozhi on August 12

CWPRS to assess Muthalapozhi harbour on Aug 12; Adani to dredge basin, sand bypassing to be done. Admin sanction for data collection & sand bypassing given. CWPRS to submit report in Dec.

The Hindu

Companies that compete with Adani group for ‘prized’ assets face raids from CBI, ED and Income Tax, alleges Congress

“Agencies like the ED and CBI are not only being used to break apart opposition parties,” Mr. Ramesh said.

The Hindu

TNPCB to hold public hearing on Adani Kattupalli Port expansion on September 5

The Tamil Nadu Pollution Control Board (TNPCB) will hold a public hearing on the expansion of Adani group’s Kattupalli Port in Tiruvallur district on September 5.

The Hindu

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Adani group in talks to raise $1.8 billion from India bond sales

MUMBAI: Billionaire Gautam Adani’s conglomerate plans to tap India’s bond market to raise up to 150 billion rupees ($1.8 billion) this financial year as it gears up local-currency debt sales since damaging allegations were made by a short seller earlier this year, according to people familiar with the matter.

The Times of India

CPI(M) holds praja ballot on power tariff in Vijayawada

CPI(M) conducts praja ballot on power tariff hike in Vijayawada; PM Modi & CM Reddy accused of robbing people to benefit Adani & other corporate cos. CPI(M) to spread awareness & mobilise people for future agitations. Praja ballot to be held on July 24 & 25.

The Hindu

Why BJP condemns but also questions timing of Manipur shameful video

NEW DELHI: Condemning on Thursday in the strong words the Manipur horror video showing two Manipur women being paraded naked, the BJP questioned the timing of its release.

The Times of India

Layoffs, pay cuts: Inside CPR’s ‘financial crisis’ after FCRA funds, tax exemption axed

The Centre for Policy Research has downsized its staff by 75 percent. Its faculty members — including fellows and senior fellows — have taken “massive pay cuts” ranging from 50 percent to full. The think tank had come under the income tax department’s tax scanner and faces a “serious financial…

Newslaundry

Supreme Court asks SEBI why law was tweaked to remove provisions prohibiting opacity in FPI ownership

The Supreme Court asked SEBI to explain why the law was tweaked in 2018 to junk crucial provisions prohibiting opacity in the ownership structure of FPIs, leading to investigation into the Adani Group hitting a wall

The Hindu

Coal giant Bravus denies bullying media over Carmichael mine

Bravus has rejected claims it tried to bully a photojournalist with legal threats after a senator accused it of endangering press freedom.

The New Daily

Two journalists received legal threats from Bravus after travelling to Carmichael coal site, parliament told

Matthew Abbott says he and another reporter were invited to meet Wangan and Jagalingou cultural custodians at the site where Bravus, formerly Adani, is mining

The Guardian - AU

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The Hindu

Statewise strategy needs against Hindutva forces: Sitaram Yechury

He was speaking on the ‘Challenges faced by Federalism’ at the EMS Smriti programme held at Regional Theatre here on Wednesday

The Hindu

Civil Aviation Minister Scindia, Congress leader Venugopal verbal duel over air fares continues

In the ongoing verbal duel between Congress general secretary K.C. Venugopal and Civil Aviation Minister Jyotiraditya Scindia over soaring air fares, Mr. Venugopal, in a fresh rebuttal late on Sunday, said “hard facts and everyday suffering of the middle class cannot be wished away by distorting figures and misrepresenting the…

ABC News

Coalmines pollute much more than their operators predicted when they sought approval

An ABC analysis uncovers several examples of project approval being granted to coalmines based on environmental assessments that contained significant underestimates of their greenhouse gas pollution.

The Hindu

Is IBC a mechanism to rescue stressed firms or another tool for ‘organised loot’, asks Congress

The Congress asked whether the Insolvency and Bankruptcy Code (IBC) was a mechanism to rescue stressed firms or another tool for “organised loot”.

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StockNews.com

How Main Street Investors Can Detect Short Seller Misinformation Campaigns

How to avoid the pitfalls and find a better way to short stocks.

The Hindu

Congress alleges two offshore Adani-linked funds appeared to be on IT dept radar

Tagging the media report, Congress general secretary Jairam Ramesh said, “That’s why we have been repeatedly saying that only a JPC can unearth where the more than ₹20,000 crore unaccounted funds that were invested in Adani came from.”

The Hindu

Rule prohibiting investment by opaque funds done away by SEBI on 'weak grounds', claims Cong

The Congress on Tuesday alleged that a rule prohibiting investment by opaque funds was done away with by SEBI on “weak grounds” and said the market regulator cannot run with the hares by diluting reporting requirements and hunt with the hounds pretending to identify beneficial ownership in opaque tax havens.

The Hindu

2019 Lok Sabha elections were fought on bodies of our soldiers: Satya Pal Malik

Former Jammu and Kashmir governor Satya Pal Malik again attacked the government over the Pulwama attack issue, saying the 2019 Lok Sabha elections were “fought on the bodies of our soldiers”.

Newslaundry

‘Clean chit’: How Adani-owned NDTV reported on SC panel’s report on Hindenburg allegations

As the Supreme Court-appointed expert committee observed on Friday that there was “no coherent pattern of abusive trading” by the Adani group and that some of the charges were “still under investigation”, Adani-owned media house NDTV summed up the 173-page report with this catchphrase: “clean chit”.

The Times of India

SC-appointed committee says retail exposure in Adani group increased after Hindenburg report

NEW DELHI: The Supreme Court-appointed expert committee constituted to look into the Adani group shares crash triggered by the Hindenburg Research report has said empirical data showed that retail investors' exposure in the group has increased after January 24, 2023, when the report came out.

Dynamite News

Adani-Hindenburg row: SC to hear PILs seeking probe today

The Supreme Court will on Wednesday hear a batch of Public Interest Litigations (PILs) seeking an investigation into the Adani Group-Hindenberg report issue and the SEBI's plea for an extension of time to submit the report.

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