SEBI Chief Denies Hindenburg Charges; Adani Responds

13 Aug 2024 CW Team

The Securities and Exchange Board of India (SEBI) chief has dismissed allegations from the Hindenburg report as baseless, while the Adani Group has clarified that it has no commercial relationship with the SEBI chairperson.

Key Details:

Hindenburg Report Allegations: The SEBI chief has responded to claims made by the Hindenburg report, which had raised concerns about regulatory oversight and potential conflicts of interest.

SEBI Chairperson's Response: The SEBI chairperson has labeled the charges from the Hindenburg report as unfounded, asserting that the allegations lack evidence and are not reflective of the regulator?s integrity.

Adani Group's Clarification: In response to the report, the Adani Group has stated that there is no commercial relationship or direct connection between the company and the SEBI chairperson, aiming to dispel any notions of undue influence or bias.

Regulatory Impact: The rebuttals from both the SEBI chief and the Adani Group are crucial in maintaining regulatory transparency and addressing concerns about potential conflicts of interest.

Next Steps: Both parties are expected to continue addressing these issues through official channels, aiming to uphold regulatory standards and clear any doubts raised by the report.

Overall, the ongoing dialogue between SEBI and the Adani Group in response to the Hindenburg report underscores the importance of regulatory clarity and the need to address allegations with transparency and evidence.

Infrastructure Transport

24 Oct 2025

Bengaluru Unveils Rs 1,200 Bn Infra Upgrade Plan

Bengaluru is set to receive a massive infrastructure boost worth Rs 1,200 billion under new projects planned by the Karnataka government to enhance urban mobility and connectivity. The initiative includes the expansion of the city’s metro network, construction of tunnel roads, elevated corridors, and 500 km of white-topping works to improve road durability. The Bruhat Bengaluru Mahanagara Palike (BBMP) and Bengaluru Metro Rail Corporation Limited (BMRCL) will jointly execute the projects. Key projects include tunnel roads between Hebbal and Mekhri Circle, 25 new signal-free corridors, and ..

Cochin Shipyard delivers first indigenous ASW vessel ‘Mahe’ to Navy

Cochin Shipyard Limited (CSL) has delivered INS Mahe, the first indigenous Anti-Submarine Warfare Shallow Water Craft (ASW SWC), to the Indian Navy. The vessel is part of an eight-ship series being constructed under the Navy’s “Atmanirbhar Bharat” initiative to strengthen coastal defence capabilities. Designed and built entirely in India, Mahe features advanced sensors and weapon systems for detecting and neutralising underwater threats in coastal waters. The vessel underwent extensive sea trials before delivery, demonstrating high performance and manoeuvrability. This milestone reinfo..

Vedanta Group to invest Rs 1,000 billion more in Odisha projects

Vedanta Group has announced an additional investment of Rs 1,000 billion in Odisha to expand its operations across metals, energy, and downstream industries. Anil Agarwal, Chairman, made the announcement during the third edition of the Make in Odisha conclave, highlighting the state’s pivotal role in India’s industrial growth.The investment will focus on strengthening Vedanta’s aluminium and copper businesses, establishing new value-added facilities, and boosting employment in the region. The company already operates large-scale plants in Jharsuguda and Lanjigarh, contributing significan..