Several opposition parties raised critical issues, including the recent stock market matter, concerning Adani Group stocks. Members of Parliament (MPs) asked the government to hold a discussion on the matter as it concerns the economy of the country, and therefore concerns the people at larg
Atul Kumar Goel, MD and CEO of Punjab National Bank on Monday said the state-owned bank has an exposure of about Rs 7,000 crore in Adani Group companies.
The research firm said, "It also predictably tried to lead the focus away from substantive issues and instead stoked a nationalist narrative, claiming our report amounted to a "calculated attack on India." In short, the Adani Group has attempted to conflate its meteoric rise and the wealt
The Adani group in a sharp and focused response to Hindenburg Research's report on its businesses has responded to all 88 questions raised by Hindenburg including the young age of its auditors.
Adani Group on Sunday said the recent report by Hindenburg Research was not an attack on any specific company but a "calculated attack" on India, its growth story, and ambitions.
"Selling pressures have hit LIC, too. But LIC as an individual company is a strong, robust company and the largest one in life insurance" according to a market analyst
The Congress on Friday called for an investigation after a US-based research firm in its report raised concerns about the possibility of shares of Adani Group companies declining from their current levels owing to high valuations.
Adani Group said it is mulling legal options in the US and India against Hindenburg Research after its report accused firms owned by Gautam Adani of market manipulation and accounting fraud.
Jatin Jalundhwala, Group Head for Legal, Adani, said, "We (the Group) are evaluating the relevant provisions under US and Indian laws for remedial and punitive action against Hindenburg Research."
Reportedly, the research firm, in its report on Tuesday, raised concerns about shares of Adani group companies having a possibility of declining from their current levels, owing to high valuations.