Adani Group Faces SEBI Scrutiny

  •  Seven Adani Group companies received notices from the Securities and Exchange Board of India (SEBI) for potential regulatory violations.
  • The notices were issued in Q4 of FY24.
  • Companies involved include Adani Enterprises, Adani Green Energy, Adani Power, Adani Wilmar, Adani Total Gas, and Adani Energy Solutions. Adani Ports received the notice earlier in FY24.
  • The specific violations haven't been disclosed, but SEBI notices typically address issues like related-party transactions, non-compliance with listing rules, or auditor certificate validity.
  • SEBI's investigation began in 2020 and gained momentum after allegations of impropriety by Hindenburg Research in January 2023.
  • The Adani Group has denied these allegations.
  • Potential consequences of SEBI action could include monetary penalties or restrictions on participation in capital markets.

Comments

Post a Comment

Popular posts from this blog

Gaming Industry Bigger Than Film & Music Combined

Image
In 2023, the  global gaming industry reached a staggering $396.2 billion , compared to the  film industry's $283.5 billion  and the  music industry's $69.2 billion Revenue Rampage: In 2023, the global gaming industry reached a staggering $396.2 billion, compared to the film industry's $283.5 billion and the music industry's $69.2 billion. That's more than the film and music industries combined! The gaming audience is massive and ever-growing, with over 3 billion players worldwide. This dedicated fanbase fuels the industry's success, spending billions on games, hardware, and in-game purchases. The rise of mobile gaming has been a major game-changer. Smartphones have become powerful gaming devices, making gaming accessible to anyone, anywhere. The mobile gaming market alone is expected to reach $116 billion by 2025. Additional Facts: The average gamer is 35 years old. The most popular video game genre is adventure. The best-selling video game of all time is Grand ...
Read more

Major Changes In Physical Education Syllabus For Class 12 2023-2024!

Image
The syllabus for class 12 physical education was changed for the session 2023-2024. New topics were added in every chapter.  Many students are still following the old syllabus . Many books have not been updated till now. The highlighted topics have been added by CBSE . So students are advised to study these topics also. The highlighted topics have been added by CBSE: Unit 1: Management of Sporting Events 1. Functions of Sports Events Management 2. Various Committees & their Responsibilities 3. Fixtures and Procedures 4. Intramural & Extramural Tournaments 5. Community Sports Program Unit 2: Children & Women in Sports 1. Exercise guidelines of WHO for different age groups 2. Women’s participation in Sports:    - Physical, Psychological, and social benefits 2. Common postural deformities and corrective measures 3. Female athlete triad (osteoporosis, amenorrhea, eating disorders) 4. Special considerations:    - Menarche and menstrual dysfunct...
Read more