adani group: Is there pressure on NSE, SEBI to go ‘easy’ on Adani Group, asks Congress The Economic Times

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A precedence of the past governments allowing the setting up of Joint Parliamentary Committees to investigate these cases. Bharti Airtel has overcome existential crises in and 2020 (Supreme Court’s AGR verdict) as well as the ‘tsunami’ of 2016 (Reliance Jio’s launch) to emerge as an institution that is a national asset, said chairman Sunil Mittal. He also claimed that on March 1, 2023, Adani Power made a disclosure to the Bombay Stock Exchange and the National Stock Exchange that it had signed supplementary PPAs with Haryana’s two power distribution companies. “Did you pressure CM Khattar to bail out your cronies yet again? How many thousands of crores of rupees will be fleeced from Haryana consumers by Adani to pay for the BJP’s electoral bonds?” Ramesh said. “And AERA outdid itself in the case of the Adani-operated Mangaluru airport by not only hiking user fees for departing passengers but also imposing them on arriving passengers,” Ramesh claimed.

https://1investing.in/ cap or market capitalization is the total market value of all of a company’s outstanding shares. By Investing.com Staff Managed care stocks are lower Thursday after Medicare Advantage proposed a rate decrease of 2.27% for 2024. “What has SEBI done to properly investigate these dubious benami companies? If not, what is the leverage that the Adani Group exercises that has prevented the full force of India’s regulators and investigative agencies from unravelling the truth? What did Gautam Adani discuss in person with SEBI chairperson Madhabi Puri Buch in October 2022?

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Stating there were serious allegations of “brazen stock manipulation” against the Adani Group, the party said the collapse in Adani’s publicly-listed stock prices following the Hindenburg report had damaged investors who were “duped by artificially-inflated prices”. Over the ages, Gold has worked as an investment, especially during times of economic crisis, political strife and wars. In the year 2011, almost 980 tonnes of gold were bought in India, the world’s largest market for gold, a 40% jump over the corresponding period last year. Such is the demand for gold in India that prices have increased in the long term, even in the last decade, when many central banks sold their gold holdings. The compounded annual growth rate of gold prices over the last 10 years stand at 19.6 per cent.

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It is better to invest in the stock market using the expertise of good brokerage houses so that our long and short term goals are fulfilled through this powerful investment vehicle. The opposition has been demanding a joint parliamentary committee probe or a Supreme Court-monitored investigation into the allegations of fraud and manipulation made by the US-based short seller Hindenburg Research against billionaire Gautam Adani’s companies that triggered an unprecedented stock crash. The Congress party has been demanding the formation of a Joint Parliamentary Committee to investigate the Adani group after a report by US short-seller firm, Hindenburg Research, alleged stock market manipulation by the conglomerate. The opposition party is seeking to corner the BJP-led Centre on the Adani issue ever since US-based short seller Hindenburg Research came up with a research paper alleging financial irregularities and stock manipulation by the business group.

These are typically in denomination of single units, generally representing one gram of gold each. Many companies, like Reliance, Kotak, Quantum, Benchmark and UTI, are offering the same on NSE and they are bought and sold exactly like stocks. In case you wish to buy in small quantities regularly so as to build up a good gold portfolio over a period of time, Gold Mutual Funds is the best option.

Here you buy Gold units exactly like you buy any other units – in small nibbling through Systematic Investment Plans and/or in bulk. The second question delved into the PM’s earlier promise of “cracking down on illicit flow of black money”. The Congress pointed out that the Adani Group was alleged to have manipulated stock prices by using offshore shell companies and related parties which posed as investments funds to bypass SEBI regulations. This was an issue that Rahul Gandhi had raised in Parliament as well. The Congress is persisting with its attack on the government weeks after Adani Group stocks took a beating on the bourses after US-based short seller Hindenburg Research made a litany of allegations, including fraudulent transactions and share-price manipulation.

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The Congress claimed on Friday that the National Stock Exchange has lifted additional surveillance on some Adani Group company stocks and asked why stock exchange regulator Securities and Exchange Board of India is standing by and allowing investors to take on added exposure to such stocks. Put simply, a mutual fund is an investment vehicle that pools in the monies of several investors, and collectively invests this amount in either the equity market or the debt market, or both, depending upon the fund’s objective. The aim of this Section is not to teach the mechanics of stock market, or its virtues or otherwise.

The Congress also alluded that Modi and his government pressured SEBI not to investigate allegations of financial fraud against the Adani Group. Do you fear that a truly independent investigation might implicate you personally in the Adani Group’s wrongdoings? The party asked if the Modi government is “turning a blind eye to the fresh collusion between Parekh and Adani Group, a relationship that goes back 25 years”, given the serious allegation that Elara is a front for the Adani Group. Following the developments in the issue, the Grand Old Party has asked why no central agency has yet investigated the allegations raised against the Adani group when his brother, Vinod Adani, was named in the Panama Papers and Pandora Papers.

strict action

Ramesh alleged that the “failure” of market regulators like the Securities and Exchange Board of India to protect Indian capital markets has “tarnished” their image and put a question mark on the integrity of India’s financial markets. The Congress added that global stock indices have suspended the Adani Group companies as stock manipulation allegations are investigated, but India’s own exchanges haven’t done the same. The third question was on the inclusion of Adani Enterprises in the National Stock Exchange , asking whether the SEBI pressured the NSE to do so. It also said that the regulator thereafter also failed to protect investors by talking strict action. “Take Elara Capital, in which former Conservative Minister Jo Johnson, brother of former Prime Minister Boris Johnson, was until recently a director. Elara held some $3 billion (&24,300 crores) worth of stock almost exclusively in the Adani Group.

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The Congress leader has so far posed 93 questions to the government under the HAHK series. The Rajya Sabha MP of the Congress also said the Gujarat Maritime Board was set up in 1982 to oversee the state’s “minor ports”, “but appears to have simply become another instrument for the enrichment of your cronies”. He said that when they acquired BALCO its capacity was 1 lakh tonne and now it is 6 lakh tonne. “It feels great to know that today BALCO is Chhattisgarh’s honour,” he said. Anil Agarwal, Chairman of Vedanta Resources Limited, recalled the early days of his life, and exalted the resilience and determination of Bihari people.

“Is it not SEBI’s responsibility to protect investors by taking strict action?” Ramesh said. The Congress alleged on Thursday that the National Stock Exchange “failed” to take action against the embattled Adani Group and asked if there was “pressure” on the bourse and market regulator SEBI to go easy on the conglomerate. “Is it not SEBl’s responsibility to protect investors by taking strict action? Is there pressure from the Prime Minister’s Office on the NSE and SEBI to go easy on Adani in an effort to bail it out? Questioning govt’s silence, Congress alleged that one of close relatives of convicted stockbroker Parekh has worked with Elara Capital, whose 99% fund is invested in Adani stocks. Increased macroeconomic stability has made India’s growth rate sustainable, the finance ministry said on Tuesday but called for vigilance against risks from El Nino-triggered drought conditions, geopolitical developments and global financial turmoil.

Vedanta Chairman Anil Agarwal also spoke about the company’s ability to repay debt. He said that they have invested $22 billion in oil and gas, $17 billion in aluminium, $20 billion in zinc. Tax-saving funds which offer benefits under Section 88 of the Income-Tax Act but you are locked into the scheme for three years. For a small amount, investors get a hugely diversified portfolio, one of the oft-mentioned basic tenets of portfolio management. Not being disciplined and failing to cut losses at 8% below the purchase price. But do not to sell a winning stock just because it pulls back a little bit.

Investments in securities market are subject to market risk, read all the related documents carefully before investing. “KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.” The price-earnings ratio is a company’s share price to the company’s Earnings per Share. The ratio is used for evaluating companies and to find out whether they are overvalued or undervalued. The book value of a stock is theoretically the amount of money that would be paid to shareholders if the company was liquidated and paid off all of its liabilities.

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If you see this purely as an investment, you can either buy it in the form of physical gold-bars, biscuits or coins or even in a dematerialised form. The disadvantage of buying gold in the form of jewellery is that its resale is not always a profitable proposition, one cannot be sure of the purity, and handling and storing remains an issue. Bars and biscuits are better as they can easily be exchanged for cash even though while purchasing these may be priced up to 8-20% above the market value of Gold. The modern way to invest is buying dematerialised gold from a commodity exchange – it eliminates risks related to physical storage and theft, reducing paper work and facilitating easy transfer of holdings through the electronic mode. However, a very good option that has emerged now is buying the Gold Exchange Traded Funds on stock exchanges.

This is one investment vehicle that has truly come of age in India in the past decade. The mutual fund industry’s Assets Under Management was Rs 6,21,946 crore as on 31 Dec 2011, a large part of which comes from retail investors. Mutual funds have emerged as a proxy for investing in avenues that are out of reach of most retail investors, particularly government securities and money market instruments. Ramesh said that for all his talk of cracking down on illicit flows of black money, the prime minister’s “favourite business group” is alleged to have manipulated stock prices using offshore shell companies and related parties posing as investment funds to bypass SEBI regulations.

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  • In recent days, global stock indices have suspended Adani Group companies while the matter is investigated, but the NSE has “failed” to take any similar action to protect investors, he claimed.
  • Day 5’s questions come after Modi skips any mention of Gautam Adani, Hindenburg report in his two speeches in Parliament.
  • Bullion experts recommend that it is best to buy gold from a reputed jeweller.
  • In the year 2011, almost 980 tonnes of gold were bought in India, the world’s largest market for gold, a 40% jump over the corresponding period last year.
  • Investments in securities market are subject to market risk, read all the related documents carefully before investing.

By Investing.com Staff Traders were back to their selling ways on Thursday, as the S&P 500 slipped another 2.1%. Despite the selling pressure, several rumors made their way across Wall… By Yasin Ebrahim Investing.com — The Dow closed higher Friday as stocks notched their best week since June, led by energy and tech stocks amid bets for a less hawkish Federal Reserve… Cantor Fitzgerald initiated coverage on 15 companies in the Healthcare Services sector. The analysts have a favorable view of payors, acute, outpatient, FemTech, brick-and-mortar…

  • However, a very good option that has emerged now is buying the Gold Exchange Traded Funds on stock exchanges.
  • Last but not the least, mutual funds offer significant tax advantages like tax-free dividends, capital gains taxation and benefits under Section 88 through tax-saving schemes and pension.
  • Congress general secretary, communications Jairam Ramesh posed questions on Twitter to Prime Minister Narendra Modi on the Adani issue as part of the opposition party’s “Hum Adanike Hain Kaun” series.
  • The opposition party also said that persistent demand for a JPC on the Adani issue was not to embarrass Prime Minister Narendra Modi but to unravel its full dimensions.
  • Some people, out of plain ignorance, tend to equate stock market to a gambling den – it can only be said that they are depriving themselves of a great investment class due to their lack of knowledge.

Some people, out of plain ignorance, tend to equate stock market to a gambling den – it can only be said that they are depriving themselves of a great investment class due to their lack of knowledge. Humana Inc share price live 524.61, this page displays NYSE HUM stock exchange data. View the HUM premarket stock price ahead of the market session or assess the after hours quote.

Day 5’s questions come after Narendra Modi, during his two addresses to Lok Sabha and Rajya Sabha on Wednesday and Thursday, skipped any mention of the Adani Group, or the damning report by American short-seller Hindenburg Research. In a statement posted by the party on its official Twitter handle, on behalf of General Secretary in-charge Communications Jairam Ramesh, the party questioned the central government’s silence over “fresh collusion” between stock broker Ketan Parekh, convicted in 2008 for manipulating the markets and the Adani group. The Vedanta Chairman also spoke about the company’s ability to repay debt. He said that they have invested $22 billion in oil and gas, $17 billion in aluminium, $20 billion in zinc, and the total debt from all these investments stands at $13 billion. He said that they earned $5 billion last year from my different companies and expect to earn $10 billion next year.