Adani Group plans independent probe into Hindenburg allegations
According to industry observers, the decision to undertake an independent assessment augurs well to reassure investors, especially equity investors, who have borne the major brunt in the saga and have witnessed steep wealth erosion.
LIC investments carried out in line with rules: Govt
Last week, state-owned LIC said it has ₹35,917.31 crore investment in Adani Group’s debt and equity securities. The amount is 0.975% of the insurer’s total assets under management of more than ₹41.66 lakh crore.
Rising FPI bearish bets hint at volatility ahead
Foreign funds’ bearish bets on index futures, including Nifty contracts, have increased to 85% of their overall positions in the derivatives segment – the highest level since September 2022. Half these punts have been added in the past two weeks – around the time the Hindenburg Research’s adverse report on Adani Group companies was released […]
Job strength shows inflation fight may last quite a bit of time: Powell
USA-FED/ (WRAPUP 4, PIX)WRAPUP 4-Fed’s Powell says job strength shows inflation fight may last ‘quite a bit of time’
Banks’ Adani exposures not large enough to pose a risk: Moody’s
“Banks’ exposures to Adani are not large enough to affect their credit quality materially. We estimate that their exposures to Adani are not more than 1% of their total loans,” Moody’s said in a report, which estimated that the exposures of public sector banks are larger than for private sector banks.