NEW DELHI: At least two industry bodies – Amfi and The Indian Venture and Alternate Capital Association – on Sunday publicly came out in support of Sebi chairperson Madhabi Puri Buch and the markets regulator and called Hindenburg‘s allegations “unwarranted” and “lacking in context”.“We believe that the recent allegations made by Hindenburg are unwarranted and…
DIVITIPALLY: Battery maker Amara Raja Group, which has entered the race to set up India’s first gigafactory after players like Ola and Exide, is looking to set up a 6-million units per annum lead acid battery plant in North India. This is part of efforts to de-risk the business and cater to markets in North…
NEW DELHI: Sebi chief Madhabi Puri Buch and her husband Dhaval Buch on Sunday rejected the claims of the fresh Hindenburg Research report alleging that the market regulator body chairperson had stakes in “obscure offshore entities used in Adani money siphoning scandal”.Issuing a point-by-point rebuttal, Madhabi Buch and her husband trashed allegations of impropriety levelled…
NEW DELHI: After infusing money during the last two months, foreign investors have turned net sellers as they pulled out over Rs 13,400 crore from Indian equities in August so far due to unwinding of the yen carry trade and recession fears in the US.So far this year, FPIs have made a net investment of…
NEW DELHI: Government is unlikely to immediately step into the controversy created by the Hindenburg report as senior officials believe that the charges against Sebi chief Madhabi Puri Buch and her husband Dhaval, are “untrue and malicious” and are in response to the regulator‘s notice to the short seller. They alleged that Hindenburg may also…
NEW DELHI: Govt is looking at a new plan of 5% blending of ethanol in diesel (ED-5) as it moves closer to achieving the target of 20% blending in petrol in the next two years.The PMO last week held a meeting on the new proposal with all ministries concerned, sources said.In June, ethanol blending with…
New Delhi/ Mumbai: Sebi chairperson Madhabi Puri Buch and her husband, Dhaval, on Sunday trashed allegations of impropriety levelled by Hindenburg and hit out at the short seller for “attacking” Sebi’s “credibility” and for attempted “character assassination” of Puri Buch while not responding to a show-cause notice issued by Sebi.The market watchdog, too, waded in,…
Mumbai: Late Sunday night, Hindenburg Research put up its response to a release by Sebi chairperson Madhabi Puri Buch and husband Dhaval that had called out the US short-seller’s Saturday report as an attempt of “character assassination” of the regulatory chief.Posting on its X account, Hindenburg said that the response from Puri Buch “includes several…
DIVITIPALLY: Battery maker Amara Raja Group, which has entered the race to set up India’s first gigafactory after players like Ola and Exide, is looking to set up a 6 million units per annum lead acid battery plant in North India.This is part of efforts to de-risk the business and cater to markets in North…
NEW DELHI: Securities and exchange board of India on Sunday responded to the Hindenburg report saying that the chairperson Madhabi Puri Buch made “relevant disclosures” from time to time and recused herself in matters involving conflict of interest. “It is emphasized that Sebi has adequate internal mechanisms for addressing issues relating to conflict of interest,…
