Moody's Investors Service has said banks' exposures to Adani Group are not large enough to affect their credit quality materially but it has cautioned that the exposure may increase in case the conglomerate becomes more reliant on bank loans.
The concerned report is from US-based Hindenburg Research that surfaced on January 24 and claimed that the Adani Group had weak business fundamentals, and was involved in stock manipulation and accounting fraud, among others.
Congress General Secretary KC Venugopal, while taking to Twitter hit out at the Central government, saying that it cannot remain silent over the issue.
Another plea has been moved in the Supreme Court seeking to constitute a Committee under the monitoring of the retired Supreme Court judge to investigate the Hindenburg Research report.
Both houses of the Parliament have been adjourned till 2 pm amid heavy sloganeering by the Opposition MPs demanding a Joint Parliamentary Committee (JPC) probe into the Adani issue.
Earlier on Friday, the Congress and 16 opposition parties demanded a joint parliamentary committee (JPC) or Supreme Court-monitored probe into the Hindunberg report against the Adani Group, alleging a scam.
Earlier on Friday, the Congress and 16 opposition parties demanded a joint parliamentary committee (JPC) or Supreme Court-monitored probe into the Hindunberg report against the Adani Group, alleging a scam.
A report by a US-based Hindenburg Research surfaced on January 24, claiming that the Adani Group had weak business fundamentals, and was involved in stock manipulation and accounting fraud, among others.
SEBI said that the Indian financial market as represented by Sensex and Nifty has demonstrated ongoing stability and is continuing to function in a transparent, fair and efficient manner.