Sebi likely to request additional time from court for Adani probe: Report
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India’s capital markets regulator may ask the country’s top court to give it more time to finish its investigation into short-seller Hindenburg Research’s allegations against billionaire Gautam Adani’s conglomerate, the Business Standard reported, citing people it didn’t name.
The Securities and Exchange Board of India was to file a status report to the Supreme Court May 2, according to the report. The regulator didn’t reply to a request for comment, it said.
New York-based Hindenburg in January accused the Indian conglomerate Adani Group of using a web of companies in tax havens to inflate revenue and stock prices, even as debt piled up. The group has repeatedly denied allegations.
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Ahead of today's announcement of the Jharkhand Assembly elections, the Jharkhand Mukti Morcha (JMM) on Tuesday alleged that the Election Commission is not acting independently and is under pressure from the BJP.
In Ranchi, JMM leader Manoj Pandey expressed his worries, said, "The election is to be announced today, but BJP leaders got information about it yesterday. This is a very serious matter. Does the commission work at the behest of BJP leaders? It is a serious matter to keep the commission as a puppet."
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Angel One shares have rallied by up to 9 per cent on the BSE in Tuesday’s intraday trade after the company reported a healthy 44 per cent year-on-year (YoY) jump in its consolidated profit after tax (PAT) at Rs 423.4 crore in September quarter (Q2FY25). Total income of the stock broking and allied services company grew 8 per cent YoY at Rs 1,516 crore during the quarter.
Angle One reported continued healthy performance on the back of strong client acquisition (around 3 million customers in Q2FY25), and an increase in client funding book (approximately 25 per cent sequentially).
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Budget carrier SpiceJet on Tuesday said it has successfully settled a $23.39 million dispute with two aircraft lessors -- Aircastle and Wilmington Trust, days after amicably resolving a similar dispute with a US-based aircraft leasing firm, BBAM.
As part of the settlement, all ongoing litigation and disputes between the parties will be withdrawn at appropriate forums, the airline said in a statement.
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Garuda Construction IPO listing today: Garuda Construction and Engineering's shares made a subdued debut on the stock exchanges on Tuesday. The company's shares listed at Rs 103.20 on the BSE, reflecting a premium of 8.63 per cent over the IPO issue price of Rs 95. On the NSE, the shares debuted at a premium of 10.52 per cent at Rs 105.
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The Resident Doctors' Association (RDA) of AIIMS, New Delhi, on Monday wrote an 'urgent' letter to the President of India, requesting immediate intervention in the ongoing hunger strike by doctors in West Bengal.
The hunger strike was sparked by the brutal rape and murder of a fellow resident doctor, on August 9 at Kolkata's RG Kar Medical College and Hospital.
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