Sitharaman said India remains a well-governed, stable government and also very well-regulated financial market and expressed confidence that the investor confidence which existed before shall continue.
This comment by the SBI chief comes almost a week after a report by a US-based Hindenburg Research, which claimed the Adani Group of having weak business fundamentals, allegations of stock manipulation and accounting fraud, among others
Proceedings of Lok Sabha and Rajya Sabha were adjourned on Friday due to opposition parties reiterating their demand for a joint parliamentary committee probe into the tanking of Adani Group company shares that have led to a stock market rout. The Parliament was adjourned in a similar man
Gautam Adani's wealth had declined 21.77 per cent or USD 16.2 billion on Friday. The current net worth of the industrialist was USD 581.1 billion at 1.23 pm (IST) in the afternoon.
According to the plea, it sought an "inquiry to prosecute and register FIR under section 420 and 120-B of IPC read with Section 15HA SEBI Act against the short sellers ( Anderson and his associates in India /USA) for exploiting innocent investors."
Union Minister Arjun Ram Meghwal on Friday lashed out at the Opposition over the repeated stalling of the Houses and said the parties do not want to let the Parliament function.
Fitch Ratings says there is no "immediate impact" on the ratings of the Adani entities and their securities following a recent report by Hindenburg Research.
The Opposition parties have been demanding the constitution of a Joint Parliamentary Committee on the issue of Hindunberg's report against the Adani Group dubbing it a "scam".
Stepping up the attack against the Centre over the Adani stock row, the Opposition parties on Friday reiterated their demand for a probe into the matter by a Joint Parliamentary Committee.