CP rates down 8-17 bps in last one month; will they sustain at these levels?
Rates on commercial papers issued by NBFCs fell by 17 bps and those on papers issued by manufacturing companies fell by 8 bps; all eyes on US Fed meet outcome for further rate trajectory.
SEBI's probe faults Adani group on disclosure rules: Report
SEBI launched the inquiry after U.S.-based Hindenburg Research raised governance concerns around the Gautam Adani-led group, shaving more than $100 billion from the market value of its companies.
An investigation of India’s Adani group by the market regulator has uncovered violations of rules on disclosures by listed entities and limits on the holdings of offshore funds, two sources with direct knowledge of the matter said.
The Securities and Exchange Board of India (SEBI) launched the inquiry after U.S.-based Hindenburg Research raised governance concerns around the Gautam Adani-led group, shaving more than $100 billion from the market value of its companies.
The ports-to-power conglomerate had denied wrongdoing in January.
The sources, who sought anonymity as they were not authorised to speak to the media, characterised the violations as being of a ”technical” nature that would attract no more than a monetary penalty once the investigation is complete, however.
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