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Sebi has exonerated Gautam Adani and other Adani group companies regarding Hindenburg Research's allegations of stock manipulation. The investigation, spanning from FY13 to FY21, found no evidence of fraudulent transactions or siphoning of funds. Sebi concluded that the transactions in question did not qualify as related-party transactions, thus not violating listing agreements.
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News and Media
The United States vetoed a United Nations Security Council resolution. The resolution called for an immediate ceasefire in Gaza. The vote occurred amidst Israel's intensified military actions. The US defended its veto. It cited the resolution's failure to condemn Hamas. Palestinian and Arab representatives criticised the US decision. Israel thanked the US for its support.
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News and Media
Saatvik Green Energy, a solar module manufacturer, is planning an IPO. The company aims to raise 700 crore through fresh equity. It will use the funds to expand capacity and repay debt. An additional 200 crore will be raised through an offer for sale. The IPO will reduce promoter stake to 76.02%. Saatvik's financials show strong revenue and profit growth.
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News and Media
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