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Here’s what Supreme Court told SEBI during Adani-Hindenburg report hearing

SC said SEBI cannot take as long time as it want and granted it a period of 3 months to complete the probe.

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Gautam Adani

The Supreme Court said it can grant the Securities and Exchange Board of India (SEBI) an extension of three months to finish the investigation into allegations made by American short-seller Hindenburg in their report of alleged manipulation in Adani Group stocks. 

The apex court said it cannot grant 6 months which SEBI had asked for and said the regulatory body should be pro-active in its investigation.

The Court asked SEBI to prepare a team and granted time till mid-August to submit the final report. The Supreme Court said SEBI cannot take as long a time as it wants and said it can grant a 3-month period to complete the probe.

The Court reserved its order for May 15, Monday. The Bench that heard the matter was led by Chief Justice of India DY Chandrachud and comprised Justice PS Narasimha and Justice JB Pardiwala.

On March 2, the Supreme Court had ordered an investigation into violations, if any, of the securities law by the Adani Group after a bloodbath at the stock market following the Hindenburg report. The Adani Group suffered a loss of more than USD140 billion after the claims.

Read Also: Delhi government moves Supreme Court over transfer of services dept chief

The apex court had ordered the investigation to SEBI, which regulates the capital market in the country, and had also constituted a six-member probe committee headed by retired SC judge Justice AM Sapre.

During the hearing, the CJI-led bench said the Justice Sapre committee had submitted its probe. SEBI had filed an application last month seeking extension in the time provided to it to probe the matter by six months.

In the application, SEBI mentioned that 12 transactions that were mentioned in the Hindenburg report requires rigorous investigations, which in the normal course need 15 months to complete, but looking at the situation, they would require at least 6 months to complete the probe.

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India News

Delhi records coolest day of June as rain brings relief from heat

Heavy rain and cloudy conditions helped Delhi record its coolest day of June, with the India Meteorological Department forecasting further relief from heat in the coming days.

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Delhi experienced a significant break from the intense summer heat after rainfall and cloudy skies pushed temperatures down, making it the coolest day of June so far.

The change in weather brought much-needed relief to residents who had been dealing with high temperatures and humid conditions over the past several weeks. Rainfall was reported in several parts of the national capital and adjoining NCR regions, leading to a noticeable drop in daytime temperatures. Similar weather conditions have recently helped keep temperatures below normal across the city.

According to the India Meteorological Department (IMD), the combination of rain-bearing systems and cloud cover contributed to the cooler conditions. The weather department has indicated that pleasant weather is likely to continue, with chances of additional rainfall and thunderstorms over the next few days.

The rainfall not only lowered temperatures but also improved outdoor conditions after a prolonged spell of heat. Earlier this month, Delhi had experienced episodes of extreme weather, including heatwave conditions and dust storms, making the recent spell of rain a welcome change for residents.

IMD’s latest forecast suggests that while temperatures may gradually rise later in the week, intermittent rain and thunderstorms could continue to provide temporary relief from the summer heat.

Weather officials have advised people to stay updated on local forecasts as changing weather conditions could bring brief spells of rain, gusty winds and thunderstorms across Delhi-NCR.

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Uddhav Sena MPs unreachable as Delhi meetings fuel fresh split speculation

Fresh uncertainty surrounds Shiv Sena (UBT) after several MPs reportedly became unreachable, with attention now focused on crucial meetings in Delhi.

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Fresh political uncertainty has gripped the Shiv Sena (UBT) after several of its Lok Sabha MPs reportedly became unreachable, prompting senior leaders to make personal efforts to contact them amid growing speculation of a possible rebellion within the party.

Party chief Uddhav Thackeray and other senior leaders are understood to be reaching out to MPs as concerns grow over potential defections. The developments come ahead of a parliamentary committee meeting in Delhi, where several MPs from the Uddhav Thackeray camp are expected to gather.

Reports suggest that some MPs from the Shiv Sena (UBT) faction could hold discussions in the national capital alongside leaders from the rival Shiv Sena led by Eknath Shinde. Sources have indicated that a group of MPs may explore forming a separate faction in Parliament before potentially aligning with the Shinde-led camp, although no official announcement has been made.

Names being discussed in political circles include MPs such as Sanjay Dina Patil, Sanjay Deshmukh, Nagesh Patil Ashtikar, Omraje Nimbalkar, Bhausaheb Wakchaure and Sanjay Jadhav. However, at least one MP, Sanjay Dina Patil, has publicly rejected reports linking him to any rebel group.

Meanwhile, senior Uddhav camp leaders including Arvind Sawant and Anil Desai are expected to remain actively engaged in efforts to maintain party unity. Rajya Sabha MP Sanjay Raut has also been in Delhi amid the unfolding developments.

The latest episode has revived memories of previous political upheavals in Maharashtra and intensified speculation over whether the Shiv Sena (UBT) could face another significant organisational challenge in the coming days. As meetings continue in Delhi, political observers will be closely watching for any formal announcements from either camp.

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PM Modi arrives in France for G7 Summit 2026, Trump meeting scheduled on Wednesday

Prime Minister Narendra Modi has arrived in France for the G7 Summit 2026. A bilateral meeting with US President Donald Trump is expected during the summit as leaders discuss major global economic and security challenges.

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Prime Minister Narendra Modi arrived in Évian, France, on Tuesday to participate in the G7 Summit 2026, marking the final leg of his two-nation Europe visit. World leaders have gathered in the French town for discussions on major global challenges, including economic growth, security, technology and international cooperation.

The summit comes at a time of heightened geopolitical tensions, with developments related to Iran, Ukraine and global economic stability expected to feature prominently in discussions among leaders.

A bilateral meeting between PM Modi and US President Donald Trump is expected on Wednesday on the sidelines of the summit. According to reports, the two leaders are likely to discuss trade, investment, energy cooperation, supply chains, artificial intelligence and broader strategic issues.

Ahead of the summit, PM Modi had said India would represent not only its own interests but also the aspirations of the Global South. India has consistently used international forums to raise issues affecting developing nations, including sustainable development, economic resilience and equitable global growth.

French President Emmanuel Macron is hosting the three-day summit in Évian, where leaders from G7 nations and invited partner countries are taking part in a series of formal sessions and bilateral engagements. India is among the invited outreach partners attending the gathering.

The expected Modi-Trump meeting is attracting significant attention as it would be their first face-to-face interaction since recent discussions over trade and strategic cooperation. Officials have indicated that economic ties, visa-related matters and regional security issues could feature in the talks.

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