The composition of committee constituted by the Supreme Court should also be noted. In the Hindenburg report, they thought they had finally found an issue to target Prime Minister Narendra Modi and his government.įour months later, just when the market was stabilizing, and the Karnataka turbulence had settled to an extent, news broke that the Supreme Court-appointed committee on the Adani-Hindenburg issue had concluded: "prima facie no regulatory failure on part of the SEBI around the allegation of price manipulation." The budget session was washed out by the Congress party and parties supporting it. It took a toll on other companies' shares too, and the share market took a bad hit. The Adani Group's share prices went on a downward spiral. Once it grabbed attention, the impact was calamitous. The Adani Group was the only infrastructure company in the top five or 10 global firms, both in terms of market capitalisation and in expanse, in a league dominated by tech. The title was designed to catch eyeballs, urgent, far and wide. In came the Hindenburg report, 'Adani Group: How the World's 3rd Richest Man is Pulling the Largest Con in Corporate History'. Everyone was gearing up for newly elected President Droupadi Murmu's maiden address to the joint session of parliament, and the Finance Minister's Budget announcements.
Chitchat in update#
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Chitchat in software#
Welcome to Sider! These Terms of Use ("Terms") govern your use of the Sider product, which includes the iOS app, web version, Chrome extension(ChatGPT Sidebar), and any future Windows/Mac software (collectively, "Sider" or the "Product").
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