The Securities and Exchange Board of India (SEBI) on Monday told the Supreme Court that all claims that the market regulator has been investigating the Adani Group since 2016 are “factually baseless” and one must not jump to “premature and wrong conclusions” in the case.
In an affidavit filed in the Apex court, SEBI said that no listed company of the Adani Group was among the list of 51 companies that it had investigated for issuing of Global Depository Receipts or GDRs.
According to the affidavit, filed in response to a plea claiming that SEBI had been investigating the Adani group since 2016 and had opposed a six-month extension to its ongoing probe, the market regulator clarified that the ‘investigation’ “referred to in paragraph 5 of the reply affidavit has no relation and/or connection to the issues referred to and/or arising out of the Hindenburg Report.”
It further said that matter pertains to the issuance of GDRs by 51 Indian listed companies which the SEBI was investigating, adding that no listed company of Adani Group was part of the aforesaid 51 companies.
The SEBI said that after the completion of the investigation, appropriate enforcement actions were taken. Hence, the claims that the SEBI is investigating the Adani Group since 2016 are “factually baseless.”
The regulator said the six-month extension is to ensure that a thorough investigation is carried out keeping in mind the interest of investors and the securities market.
The Supreme Court had on March 2, directed the SEBI to investigate violations by the Adani Group, if any, before and after the release of the damning Hindenburg report.
The SEBI had been asked to file a report within two months, however, on April 29, the regulator filed for a six-month extension to complete the investigation.
Adani Group endured over $120 billion in market losses- nearly half of the conglomerate’s estimated value—since the damning report released by US short-seller Hindenburg Research.
In its critical report, Hindenburg Research accused the Adani Group of indulging in improper use of offshore tax havens and stock manipulation while also raising concerns about high debt and the valuations of seven listed Adani companies.
Udaipur-Jaipur Vande Bharat operators prevents major accident, notices stones, rods on tracks, hit emergency brakes
Giving the details about the train and the incident, the CRPO said, KM 158/18, 158/19 on the Gangarar-Soniyana section were the stopping points for Train No. 20979 Vande Bharat Udaipur-Jaipur.
On Monday at Rajasthan’s Bhilwara, train operators of the Udaipur-Jaipur Vande Bharat Express noticed stones and iron rods on the railroad track and quickly stopped the train using emergency brakes.
The Chief Public Relations Officer (CPRO) of North Western Railway confirmed the incident and said that the RPF has opened a complaint under the Railways Act after personnel inspected the scene in the Gangarar-Soniyana section.
Giving the details about the train and the incident, the CRPO said, KM 158/18, 158/19 on the Gangarar-Soniyana section were the stopping points for Train No. 20979 Vande Bharat Udaipur-Jaipur. Two rods, each measuring one foot, were inserted into the joggle plate on the previously mentioned km, together with some ballast, which caused the standstill, he added.
The incident took place under the control of RPF/post/Bhilwara at about 09:55. The area is governed by SHO/Gangarar in the Chittaurgarh district, according to the CPRO.
DSC/Ajmer, IPF/Bhilwara, PWI/Gangarar, local Police, and GRP authorities all paid the location a visit. SP/Chittaurgarh has been informed by DSC/Ajmer. RPF has filed a lawsuit in accordance with the Railways Act. The PWI/Gangarar is also providing SHO/Gangarar with a FIR, the official continued.
Meanwhile, stones, rail fasteners and iron rods are seen being laid on the railway tracks in a video that is going popular on X, formerly Twitter.
Fortunately, the alert loco pilots on duty quickly identified the impediment and took prompt action by deploying emergency brakes, averting any potential disaster. Their quick action likely saved lives and made sure that everyone on board was safe.
The District Police and the Railway Protection Force are both aggressively looking into this worrying situation. Their efforts are concentrated on finding individuals accountable for putting lives at danger and interfering with railway operations.
Prime Minister Narendra Modi inaugurated the Udaipur-Jaipur Vande Bharat Express last month, which runs six days a week, except Tuesday. It departs from Udaipur city at 7:50 in the morning and gets to Jaipur at 14:05.
Karnataka Eid clash: 43 persons arrested in Karnataka’s Shivamogga district
Chief Minister Siddaramaiah said the government is not going to tolerate people throwing stones on religious processions of other religions.
Tension gripped Karnataka’s Shivamogga district as two groups clashed during Eid e Milad un Nabi processions near Ragigudda. 43 persons have been arrested in the clashes on Monday. Chief Minister Siddaramaiah said the government is not going to tolerate people throwing stones on religious processions of other religions.
Section 144 has been imposed Ragigudda by the Shivmogga district administration. CM Siddaramaiah said the situation is currently under control. The police has arrested 43 persons. He added it is wrong to pelt stones to disturb the religious procession of others. He said the government is not going to tolerate such actions.
Milad un Nabi processions is usually marked by large gathering and celebrations. The procession was halted due to the chaos. The police said the protestors tried to breach the barricades set by the security forces. The police forces had to resort to a lathi charge in order to disperse the crowd. About five people were injured during the clashes.
Senior police officials said the situation was under control and the issue had been resolved. They appealed to the people to maintain peace and not spread rumours. Siddaramaiah said cases were being booked against those found guilty as pelting stones at another religious procession is against the law.
Siddaramaiah added Shivamogga city has been brought to normalcy again. All possible actions are being taken by the police force. The situation continues to be tense all over the city of shivamogga. The security arrangements have been tightened. The shops and the market has been asked to close down.
2500 policemen, two platoons of Karnataka State Reserve Police (KSRP), two platoons of rapid action force and 12 platoons of District Armed Reserve have been stationed across the city to thwart any untoward incident. The murder of Harsha, the Bajrang Dal activist which made national news had taken place in shivamogga city in February 2022.
Lal Bahadur Shastri Jayanti 2023: History, Date and Significance
Shastri was a freedom fighter and a close associate of Mahatma Gandhi. He played an important role in India’s independence movement.
On 2nd October 2023, India also celebrates the birth anniversary of another great leader, Lal Bahadur Shastri. The day holds special significance as India remembers the legacy and life of the man who served as India’s second Prime Minister. Lal bahadur Shastri was born on October 2, 1904 in Mughalsarai, Uttar Pradesh. He is a symbol of dedication and selfless service to the nation.
Shastri was a freedom fighter and a close associate of Mahatma Gandhi. He played an important role in India’s independence movement. He was sent to the prison several times by the British government. After India got its independence in the year 1947 he served in many important ministerial positions in the government of Pandit Jawaharlal Nehru.
Lal Bahadur Shastri was born into a lower middle class family. His father’s name was Sharda Prasad Srivastava who was also a teacher. Ram Dulari Devi was a house wife. He was born with the name Lal Bahadur Srivastava. He earned the title Shastri due to his academic excellence. He was commited to education during his entire life. He went on to become not only a leader but also an academic and an activist.
Lal Bahadur Shastri showed unwavering dedication to the Indian National Congress political party. He served as the second Prime Minister of India from 1964 until his death in 1966. His tenure as Prime Minister marked a significant progress and change in India.
He held many important positions which included Minister of External Affairs and Railways. His tenure had many notable achievements which included signing of the Tashkent Agreement. The Tashkent aimed to ease tensions between India and Pakistan.
This diplomatic respect earned him respect on the global arena. Lal Bahadur Shastri gave the slogan Jai Jawan Jai Kisan which means hail the soldier and hail the Farmer. The slogan means emphasizes on the vital contributions of farmers and soldiers to the country’s prosperity.