The show cause notice alleged that hedge funds of Hindenburg, Kingdon and a broker linked to Kotak Mahindra Bank benefited from a decline of more than $150 billion in the market value of 10 listed Adani Group firms after the publication of the report.The market regulator has accused Hindenburg...
New Delhi, US short seller Hindenburg Research had shared an advance copy of its damning report against the Adani group with New York-based hedge fund manager Mark Kingdon about two months before publishing it and benefited from a agreement to share the spoils of share price movement. according...
New Delhi [India], one of India's top lawyers and BJP leader Mahesh Jethmalani, has alleged that an American businessman with ties to China had commissioned a report from Hindenburg Research, which caused a significant drop in shares of Adani group companies in January. February 2023.The lead...
In a lengthy post on social media platform"Here is a huge smoking gun in the sordid episode of Hindenburg's short selling of Adani shares," he posted on X."For those who want to learn about the accomplished Chinese spy #AnlaCheng, who along with her husband #MarkKingdon hired #Hindenburg for...
New Delhi, Kotak Mutual Fund has resumed subscription of its small-cap funds from this Tuesday after a gap of four months.MFs had restricted lump sum investments in their small-cap funds in March 2024 after a significant rise in small-cap stock prices. Moreover, the sharp rise in valuations...
New Delhi [India] InGovern founder and CEO Shriram Subramanian on Tuesday said US short seller Hindenburg Research's charges against SEBI appear to be misplaced."It is not clear why Hindenburg has come out so strongly against SEBI, to the extent of defaming SEBI. Hindenburg has only alienated...
New Delhi: Shares of Kotak Mahindra Bank on Tuesday fell over 2 per cent, wiping Rs 7,777.33 crore off its market capitalization as the company's name emerged in the Adani-Hindenburg dispute.The stock fell 2.16 per cent to settle at Rs 1,769.60 apiece on the BSE. During the day, it fell 3.98...
Shares of Kotak Mahindra Bank fell 2.49 per cent to close at Rs 1,763.15.In response to SEBI's show cause notice, Hindenburg said: "Kotak Bank, one of India's largest banks and brokerage firms founded by Uday Kotak, has seized the offshore funds used by our investor partner to bet against...
New Delhi Billionaire banker Uday Kotak founded a bank and brokerage, set up and oversaw an offshore fund used by an anonymous investor to profit from a slump in Adani shares that followed a damning Hindenburg report, the short seller said US.Hindenburg Research, which in a January 2023 report...
Hindenburg had alleged that while markets regulator SEBI "apparently tied itself in knots to claim jurisdiction over us, its notice clearly did not mention the party that has a real link with India: Kotak Bank, one of the banks and firms largest brokerage firm in India founded by Uday. Kotak...
In the show cause notice, Hindenburg is alleged to have conspired with others to create short positions in the equity of Adani Enterprises Limited (AEL).Hindenburg and Anderson are also alleged to have spread misleading information through the Hindenburg report (dated January 24, 2023)...
New Delhi: Billionaire banker Uday Kotak founded a bank and a brokerage created and oversaw an offshore fund used by an anonymous investor to profit from the plunge in Adani shares that followed a damning Hindenburg report, the seller said on Tuesday in American short.Hindenburg Research...
New Delhi: US short seller Hindenburg Research, which had rocked the Adani Group with allegations of stock market manipulation and accounting fraud, said on Tuesday it has received a show cause notice from Indian capital market regulator SEBI for alleged violations. when placing bets on the...
In New Delhi, Canadian billionaire Prem Watsa's Fairfax Group on Thursday sold a 9.7 per cent stake in CSB Bank for Rs 595 crore through an open market transaction.FIH Mauritius Investments, an arm of the Toronto-based Fairfax Group, offloaded over 1.68 crore shares of CSB Bank through a block...
New Delhi, Payment by telcos in the muted spectrum auction is expected to be manageable and with the bidding process concluded, all eyes are now on the tariff hikes that appear to be imminent, a news agency said on Thursday. representative sample of analysts.Multiple analyst reports expressed...
Mumbai, Maharashtra, India: Kotak General Insurance, an insurance provider in India, helps you explore your car insurance benefits. Owning a car is not just a luxury but a necessity in today's world. Whether it's a daily commute, weekend getaway, or long road trips, a vehicle offers unmatched...
Mumbai, Maharashtra, India: Kotak General Insurance, an Indian insurance provider, highlights the importance of maintaining a clean driving record. While most drivers understand the immediate benefits of safe driving, such as avoiding accidents and tickets, many may not fully appreciate the...
Mumbai, Maharashtra, India: Zurich Kotak General Insurance, an insurance provider in India, aims to highlight why it is important to choose the right car insurance provider and how it affects the journey of the policyholder. While many drivers focus primarily on price and coverage options when...
VMPLMumbai (Maharashtra) [India], June 25: Zurich Kotak General Insurance, an insurance provider in India, aims to highlight why it is important to choose the right motor insurance provider and how it affects the journey of the policyholder. While many drivers focus primarily on price and...
VMPLMumbai (Maharashtra) [India], June 25: Kotak General Insurance, an insurance provider in India, highlights the importance of maintaining a clean driving record. While most drivers understand the immediate benefits of safe driving, such as avoiding accidents and tickets, many may not fully...