Following the US-based short seller Hindenburg report and its allegations on market regulator SEBI chairperson Madhabi Buch, Congress leader Pawan Khera on Monday demanded a detailed response from the Securities and Exchange Board of India (SEBI), Prime Minister Narendra Modi, and Finance
Mumbai (Maharashtra) [India], August 12: Atul Bioscience Ltd (ABL), a 100 per cent subsidiary company of Atul Ltd, received Establishment Inspection Report (EIR) from the United States Food and Drug Administration (US FDA) for its manufacturing facility situated in Ambernath, Maharashtra.
Following SEBI Chairperson Madhabi Buch's response to the Hindenburg report, the US short seller made fresh allegations of a "Conflict of Interest," stating that SEBI Chief's response raises numerous new critical questions.
The allegations of the US Short seller Hindenburg against SEBI Chairperson Madhabi Buch and her husband have drawn sharp political reactions from the opposition parties with the opposition demanding a Joint Parliamentary Committee (JPC) on the issue.
Hindenburg Research's motive is to destabilize India's stock markets, asserted senior lawyer and BJP leader Mahesh Jethmalani, as he termed the US-based short seller report as "damp squib" -- a situation or event which is much less impressive than expected.
The latest allegations by Hindenburg Research are malicious, mischievous, and manipulative selections of publicly available information to arrive at pre-determined conclusions for "personal profiteering with wanton disregard for facts and the law", an Adani Group spokesperson said on Sund
"We had previously noted Adani's total confidence in continuing to operate without the risk of serious regulatory intervention, suggesting that this may be explained through Adani's relationship with SEBI Chairperson, Madhabi Buch," the new report by the US short seller stated
The announcement was made during a high-profile meeting with the Chief Minister of Telangana, A Revanth Reddy, and the Minister for Industries and Commerce, D Sridhar Babu, in the presence of other senior government officials during their ongoing tour in the USA.
The stock market in the upcoming week will be looking at global happenings such as international market performance, anticipations of recession in the US, and domestic macroeconomic indicators such as IIP, CPI, and WPI inflation data, said market analysts.
The East Turkistan National Movement, dedicated to highlighting human rights abuses against Uyghur Muslims and other ethnic minorities in Xinjiang, welcomed the US government's decision to ban goods produced with Uyghur forced labour.
Blinken expressed the US' support for Yunus's call for calm and peace, emphasizing their commitment to working with Bangladesh as it pursues a democratic and prosperous future for its people.
The US-India Business Council (USIBC) will be organising USIBC's India Ideas Summit in Delhi on September 12, where both nations' governments will discuss what the bilateral relationship will look like in 2047, the year which will mark 100th anniversary of India's independence.