Gautam Adani proclaims victory in SEBI's final ruling on the Hindenburg affair, exclaiming "Truth Prevails! Victory for India!" - Here's his complete statement.
In a significant development, the Securities and Exchange Board of India (Sebi) has issued a final order clearing the Adani Group in the matter related to the Hindenburg Research report. The order reaffirms that the claims made by Hindenburg Research were baseless.
Gautam Adani, the head of the Adani Group, has responded to this news. In his statement, Adani maintains that transparency and integrity have always defined the Adani Group. He also expresses sympathy for investors who may have lost money due to the report, characterizing it as fraudulent and motivated.
Adani concludes his statement with the phrases "Satyamev Jayate! JAI HIND!", which translate to "Truth alone triumphs! Victory to India!" in English.
Meanwhile, the National Securities Depository Limited (NSDL) has set the record date for dividends in 2025 as today. However, the credit date for the NSDL dividends will be after Diwali, but the exact date is not specified.
Elsewhere, Citi has hiked the share price target for Samvardhana Motherson, giving it a SELL rating. The reasons for this are not provided.
TCS and Vodafone Idea have inked a 5-year deal, but the reason for the agreement is not mentioned.
MobiKwik has frozen 2000 merchant accounts, but the reason for the losses is not specified.
No new information is provided about the Indian Railways' plans to introduce 1000 Amrit Bharat Express or 200 Vande Bharat Sleeper trains.
Adani, in his statement, also states that those who spread false narratives about the Adani Group owe an apology to the nation.
The paragraph does not provide any new information about stocks to watch today, including Vedanta, JSW Energy, Adani Group stocks, Oil India, or others. It also does not contain any new findings on fund routing allegations related to the Adani Group.
This article will be updated as more news becomes available. Stay tuned for further developments.
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