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Hindenburg report seems targeted: Sharad Pawar backs embattled Adani Group

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Senior Opposition leader and Nationalist Congress Party (NCP) has come out in support of the embattled Adani Group, saying that the damning report published by US-based short seller Hindenburg Research against the conglomerate “seems targeted.”

In an interview, Pawar said that the Adani issue was blown out of proportion in the Parliament which led to a complete washout of the second leg of the Budget Session as hardly any business was conducted.

The senior leader said that whenever such an issue is given too much importance, the cost is borne by the country’s economy and as such it seems the report against the Adani Group was “targeted”, adding that it seems that a single individual business group of a country was targeted to further an agenda.

In complete contrast to his other Opposition allies, including the Congress, who have been adamantly demanding a Joint Parliamentary Committee (JPC) probe into the Adani issue, the veteran politician in an interview with NDTV said that he does not agree with other allies on this matter.

Pawar said the Supreme Court had already ordered a probe into the Hindenburg report by setting up a committee consisting of a retired apex court judge, an economist, an administrator and an expert—who have been directed to conduct an inquiry within a specified time frame.

He added that the JPC probe had no significance anymore since the Supreme Court has ordered an inquiry and cannot be swayed unlike a JPC which would consist majorly of ruling party members, and as the probe is being asked against the ruling party itself, a parliamentary probe has a lesser chance of finding the truth.

On being asked what the intent of Congress was behind constantly pushing for a JPC probe, Pawar said he wasn’t certain about his ally’s intent but perhaps they wanted the issue to stay in the media limelight as a JPC probe’s proceedings would be reported daily unlike the Supreme Court committee’s inquiry.

Pawar claimed that perhaps someone wants to bury the truth by making issue fester for months.

The NCP supremo also voiced his disagreement with Congress leader Rahul Gandhi’s “Adani-Ambani” way of targeting large business conglomerates, saying that it was “meaningless” and reminded him of the “Tata-Birla” narrative of the past.

Opposition led by the Congress have been demanding a Joint Parliamentary Committee (JPC) probe into the damning Hindenburg report that led to rout in shares of Adani Group since its release in January this year.

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.

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Vijay meets Tamil Nadu Governor again as TVK pushes to prove majority

TVK chief Vijay held another meeting with Tamil Nadu Governor Rajendra Vishwanath Arlekar as the party intensified efforts to secure majority support after emerging as the single-largest party in the Assembly elections.

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Actor vijay

Actor-turned-politician Vijay met Tamil Nadu Governor Rajendra Vishwanath Arlekar again on Thursday as his party, Tamilaga Vettri Kazhagam (TVK), continued efforts to prove it has enough support to form the next government in the state.

TVK emerged as the single-largest party in the 234-member Tamil Nadu Assembly after winning 108 seats, but it remains short of the majority mark of 118.

The Congress has extended support to TVK, adding five MLAs to Vijay’s side. However, the alliance still needs additional backing from other parties or independents to comfortably cross the halfway mark.

According to reports, the Governor has not yet been fully convinced that TVK currently has the required numbers to form a stable government. This has delayed clarity over the swearing-in ceremony and the formal invitation to form the government.

Political activity intensified after reports emerged that some AIADMK legislators were moved to a resort in Puducherry amid speculation over possible support to TVK. AIADMK leaders, however, publicly denied any internal crisis.

TVK sources have expressed confidence that the party will be able to demonstrate majority support during discussions with the Governor.

The Tamil Nadu election results marked a major political shift in the state, with TVK breaking the long-standing dominance of the DMK and AIADMK in its first Assembly election contest.

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Congress, BJP attack Bhagwant Mann over remarks on Punjab blasts

Congress and BJP have jointly criticised Punjab CM Bhagwant Mann after he linked recent blasts near defence sites to political motives, triggering a controversy.

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Bhagwant Mann

A political row has erupted in Punjab after Chief Minister Bhagwant Mann linked recent blast incidents to political motives, drawing sharp criticism from both the Congress and the Bharatiya Janata Party (BJP).

The controversy follows two low-intensity explosions reported within a short span of time — one near the Border Security Force (BSF) headquarters in Jalandhar and another close to an army cantonment area in Amritsar. The incidents raised concerns over security, particularly given the sensitive nature of the locations.

In response, Mann suggested that the blasts could be part of a larger political strategy. His remarks triggered a strong backlash, with opposition parties accusing him of politicising a serious security issue.

Leaders from the Congress criticised the Chief Minister’s statement, calling it inappropriate and alleging that such comments undermine the gravity of the situation. They stressed that matters related to national security should be handled with caution and responsibility.

The BJP also joined the criticism, questioning the basis of Mann’s claims and urging the state government to focus on investigation and law enforcement instead of making political allegations.

The developments have led to an unusual moment where both Congress and BJP appear aligned in their criticism of the Aam Aadmi Party-led government in the state.

Meanwhile, the blasts themselves have intensified concerns over safety in border regions, with authorities continuing their investigation into the incidents. No casualties were reported, but the proximity to defence establishments has made the issue particularly sensitive.

The episode has further escalated political tensions in the state, with security and accountability emerging as key points of debate.

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Himanta Biswa Sarma resigns as Assam chief minister, oath ceremony likely after May 11

Himanta Biswa Sarma resigns as Assam Chief Minister after BJP-led NDA’s victory. He will continue as caretaker CM until the new government is sworn in after May 11.

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Himanta sharma

Assam Chief Minister Himanta Biswa Sarma resigned from his post on Wednesday, paving the way for the formation of a new government after the BJP-led NDA secured a decisive victory in the 2026 Assembly elections.

Sarma submitted his resignation to Governor Lakshman Prasad Acharya at Lok Bhawan in Guwahati. The Governor accepted the resignation and asked him to continue as the caretaker Chief Minister until the new government takes charge.

The resignation comes after the NDA’s strong electoral performance, where the alliance won a clear majority in the 126-member Assembly, ensuring its return to power for another term.

Oath ceremony expected after May 11

Speaking to reporters after submitting his resignation, Sarma said the swearing-in ceremony for the new government is likely to be held after May 11.

He indicated that Prime Minister Narendra Modi has been invited to attend the ceremony but is unavailable until May 11, which has influenced the tentative schedule.

Decision on next chief minister soon

Sources suggest that central observers, including senior BJP leaders, are expected to arrive shortly to oversee the selection of the legislature party leader. The newly elected MLAs will then decide on the next Chief Minister.

Despite the formal resignation, party sources indicate that Sarma is likely to continue in the role for another term, given the BJP’s strong mandate in the state.

The move marks the beginning of the government formation process in Assam following the election results declared earlier this week.

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