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.
Congress leader Jairam Ramesh on Sunday came down heavily on the central government amid the ongoing Hindenburg-Adani row, saying that Prime Minister Narendra Modi has been reserving an "eloquent silence" on the 'Adani MahaMegaScam'.
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.
SEBI said it is committed to ensuring market integrity and that the markets continue to have the appropriate structural strength to function in an uninterrupted, transparent and efficient manner
Investments by TotalEnergies in Adani Group entities were undertaken in full compliance with applicable Indian laws and with its own internal governance processes.
Union Minister of State for Ministry of Parliamentary Affairs Arjun Ram Meghwal lashed out at the Opposition over stalling the two Houses and said they do not want to let the Parliament function
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