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Searched Tag: adani enterprise

India's markets regulator, the Securities and Exchange Board of India (SEBI), has issued a show cause notice to Hindenburg Research, accusing the US firm of engaging in "unfair trade practices" in relation to its 2023 report on the Adani Group.

SEBI issues notice to Hindenburg over Adani report

July 2, 2024, 06:36 PM - 2 min read

Hindenburg Research, which has publicly shared the notice on its website, described SEBI's actions as "nonsense" and an attempt to "silence and intimidate" those exposing corruption. The firm stated that it made approximately USD 4.1 million from its declared positions on Adani stocks, and criticized SEBI for not focusing its investigation on the evidence presented in the January 2023 report.

Shares of Adani Enterprises Ltd, the flagship company of Gautam Adani’s group, have fully recovered the more than $30 billion in losses incurred after a short-seller report was released in early 2023.

Adani enterprises bounces back, gains $30 Billion

May 24, 2024, 12:20 PM - 2 min read

The stock rebounded as the conglomerate reduced its debt and secured major projects, helping it bounce back after US-based Hindenburg Research accused the group of widespread corporate malfeasance and share-price manipulation in January 2023.

Adani Enterprises, the flagship company of the Gautam Adani-led conglomerate, has announced plans to invest a staggering Rs 80,000 crore across its diverse business verticals in the current financial year, according to a senior company executive.

Adani enterprises to invest Rs.80,000 crore across diverse sectors in FY25

May 12, 2024, 11:42 AM - 2 min read

In its pursuit of becoming India's foremost integrated renewable energy player, the Adani Group has commenced commercial production of wafer and ingots for solar cells and modules at its Gujarat facility. The conglomerate aims to achieve polysilicon manufacturing by 2027-28, thereby reducing India's reliance on imported materials.

Mahua Moitra's plea rejected by the Delhi HC. Image X.

Expelled TMC MP Mahua Moitra faces uphill battle as Delhi HC rejects plea

March 4, 2024, 04:21 PM - 2 min read

The Delhi High Court dealt a significant blow to expelled Trinamool Congress (TMC) MP Mahua Moitra's legal battle on Monday by dismissing her plea seeking to curb BJP MP Nishikant Dubey and lawyer Jai Anant Dehadrai from making defamatory remarks against her regarding the cash-for-query scam case.

7 promising stocks to watch in 2024: Expert picks for substantial returns

February 19, 2024, 05:02 PM - 2 min read

With an eye on earnings, company valuations, and growth prospects, here's a look at seven stocks that analysts believe could offer investors a return of over 30 percent due to their solid fundamentals and promising growth outlook.