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The Latest Breaking News from Gautam Adani

“Why PM is not forcing investigation, why is he quiet,”: Rahul Gandhi seeks JPC probe into allegations against Adani group

Targeting the BJP-led government over allegations concerning the Adani group, Congress leader Rahul Gandhi on Thursday accused the Prime Minister of “being quiet” and said the least that should be done is a Joint Parliamentary Committee probe. Read further on Dynamite News:

Dynamite News

PM should come clean on fresh Adani allegations as India’s reputation is on the line: Rahul Gandhi

K.C. Venugopal alleges that “PM Modi’s best friend is running an international money laundering racket”.

The Hindu

Report says close associates of India's Adani Group secretly purchased large numbers of shares

Two people closely linked to India’s Adani Group, one of the country’s largest conglomerates, secretly purchased of millions of dollars of stocks in the group’s companies, possibly violating Indian law, according to a report by a network of investigative journalists

The Independent UK

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What has India’s Adani Group now been accused of?

Reporters network says it has documents backing allegations that Adani used offshore tax havens to drive up share price.

Al Jazeera

Hindenburg 2.0: OCCRP alleges Mauritius-based opaque funds invested millions of dollars in Adani stock

Citing review of files from multiple tax havens and internal Adani Group emails, OCCRP said its investigation found at least two cases where the “mysterious” investors bought and sold Adani stock through such offshore structures.

The Hindu

Modi-linked Adani family secretly invested in own shares, documents suggest

Offshore records suggest associates of wealthy Indian family spent years acquiring stock during rise of founder to be worth $120bn

The Guardian - UK

Adani stock manipulation exposed: Offshore trail points to two investors with links to Adani family

After the Hindenburg report accused the Adani Group of stock manipulation earlier this year, the conglomerate’s stocks had seen a sharp dip, and the Supreme Court had ordered a probe amid protests by opposition parties.

Newslaundry

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Narendra Modi's Independence Day speech sounded more like a snake oil salesman than a statesman

Narendra Modi’s tenth consecutive Independence Day speech as Indian prime minister, delivered from the Red Fort in Delhi on August 15, was long (90 minutes) and characteristically loaded with bombast. It was not the inclusive message of a statesman seeking to address a nation’s challenges and opportunities, but more of…

The Conversation

Ravish Kumar writes: Big money is no guarantee of a healthy, accountable and free media

“Trust in Modi was not born out of newspaper headlines or through shining faces on TV. I have given my life, every moment, for the people of this country.”

Newslaundry

Hindenburg report combination of targeted misinformation, discredited allegations: Adani

Billionaire Gautam Adani has reiterated that the Hindenburg report was a combination of misinformation and discredited allegations, and an attempt at damaging the company's reputation and generating profits through a short-term drive-down of our stock prices

The Hindu

Adani’s NDTV: New channels, Modi documentaries, a leadership void, and big plans for this year

On the sidelines of the World Economic Forum in Davos, something very unusual happened.

Newslaundry

What Indians should be saying to the U.S. on June 21

America’s leaders must start talking seriously about what freedom and openness now mean in India

The Hindu

Adani Group to educate children who lost parents in Odisha train tragedy

Adani Group will take the responsibility of the school education of the wards of those deceased in the tragic Odisha train accident. Read further on Dynamite News:

Dynamite News

Congress will have no objection even if Adani goes to live in Pawar’s home, says MPCC chief Patole

Seat sharing talks in the MVA will be smooth since the primary aim was to defeat the BJP, said Maharashtra Congress chief Nana Patole on June 1, 2023

The Hindu

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Bangkok Post

Modi inaugurates grand new Indian parliament

NEW DELHI - Flanked by priests, Hindu nationalist Prime Minister Narendra Modi inaugurated a new Indian parliament on Sunday in a ceremony steeped in religious symbolism but boycotted by opposition parties.

The Hindu

Joint Parliamentary Committee needed to probe allegations against Adani group: Congress

Congress alleges that the Supreme Court-appointed expert committee and the SEBI have “hit walls” while investigating the Adani group’s transactions and stressed the need for a JPC probe

The Hindu

SEBI proposes curbs on derivative-linked share moves

The Securities and Exchange Board of India (SEBI), India’s market regulator, proposes measures to contain extreme price movements in shares on which futures and options trade, including longer trading suspensions and restricting price movements.

The Hindu

Six entities under lens for suspicious trading in Adani shares: Supreme Court panel

Hindenburg’s report claimed that the Adani empire was the “biggest con in corporate history” engaged in a “brazen stock manipulation and accounting fraud scheme”

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The Guardian - AU

Narendra Modi in Australia: a polarising leader meets a divided Indian diaspora

More than 20,000 supporters are expected at a public rally for the Indian PM in Sydney this week. But critics will be just as strident

Newslaundry

NDTV plans to launch 9 news channels, set to seek I&B nod

Gautam Adani-owned NDTV is planning to launch nine news channels in different Indian languages, suggests the company’s disclosure before the National Stock Exchange of India.

The Street

Billionaire Carl Icahn Loses $10 Billion in 24 Hours

The legendary corporate raider is accused of a Ponzi-like scheme by the New York short-seller Hindenburg Research.

The Street

Wall Street Legend Carl Icahn Loses $10 Billion in 24 Hours

The legendary corporate raider is accused of a Ponzi-like scheme by the New York short-seller Hindenburg Research.

The Hindu

Rahul addresses Yuva Samvada in Gadag

Congress disqualified MP Rahul Gandhi has said that a reading of history will reveal that the RSS has always had an anti-constitutional stand and it stood with the British and the kings and not with common people.

The Hindu

In Gadag and Hanagal, Rahul raises issue of unemployment

Participating in an interaction with youths drawn from varied backgrounds in Gadag on Monday and later addressing a public rally in Hanagal town of Haveri district, Congress leader Rahul Gandhi raised certain pertinent questions concerning the youths including the burning question of unemployment and sought to know from Prime Minister…

The Hindu

Adani Ports starts $130 million buyback of debt securities

Adani Ports and Special Economic Zone, a group company of the beleaguered Adani Group, said on April 24 that it started a buyback programme of certain debt securities to prepay part of its loans due in 2024. Read the full story on The Hindu.

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