BUSINESS
India's CPI Inflation Hits 59-Month Low at 3.54%
Cereal prices jumped 8.1% in July, a moderation from the 8.65% rise noted in June. Food inflation-which contributes almost half to the consumer price index-fell to 5.06% in July from 8.36% in June.
Growth in New Business Registrations for 2024-25
This uptick in new business formations for the fiscal year 2024-25 follows a notable 15% increase in company registrations during 2023-24, compared to 159,000 in 2022-23. This ongoing rise signals a positive shift in the country's business environment, according to a senior official.
SEBI Urges Investors to Exercise Caution Regarding Hindenburg Report
In that regard, investors shall keep in mind that Hindenburg Research may be having some short position in securities so projected by them in their report, said SEBI.
Mutual Fund SIP Inflows Hit Record Rs 23,332 Crore; AUM Reaches Rs 64.69 Lakh Crore
SIP investments surged to Rs 23,332 crore, which invigorated the Assets Under Management (AUM) for the mutual fund industry to Rs 64.69 lakh crore in July from Rs 60.89 lakh crore in the previous month.
Former Infosys CEO Mohandas Pai Dismisses Hindenburg Report as Vulture Fund's Character Assassination
In a post on X, Pai—arguably among the most popular industry commentators—said new claims were likely a strategy to attract attention.
India's Manufacturing Sector Sees $165 Billion in FDI, Achieving 69% Growth Over a Decade
Replying to a question in the Rajya Sabha, Prasada said that FDI inflows aggregated to $383.5 billion during the last five financial years from 2019-20 to 2023-24, on the back of production-linked incentive, or PLI, schemes.
Adani Group Slams Hindenburg’s Latest Claims as ‘Malicious Red Herrings
The Adani Group dismissed these charges by Hindenburg as no more than the actions of an un-credentialled short seller who is under active investigation in India for multiple alleged violations of securities laws. These, according to the group, were mere diversionary tactics that showed plain and brazen disregard for Indian regulations.
SEBI Chief Targeted: Buchs Accuse Hindenburg of Credibility Attack and Character Assassination
In an exhaustive statement on Sunday, the Buchs responded to Hindenburg's allegations which appeared in a report on Saturday.
SEBI Completes Investigation into Adani Allegations; Chairperson Buch Maintains Transparency and Recusal
The regulator, in a statement, said its Chairperson Madhabi Buch has made the necessary disclosures and also recused from such matters where a conflict of interest could arise.
Hindenburg Research Alleges SEBI Chairperson Madhabi Buch Held Stake in Offshore Entities Linked to Adani Scandal
On Saturday, Hindenburg released a new report claiming obscure offshore entities connected to the Adani scandal involved Madhabi and her husband. The allegation comes after an earlier report by Hindenburg, of about 18 months ago, which had claimed the Adani Group to be the mastermind behind "the largest con in corporate history", leading to a precipitous fall in the market value of the conglomerate.
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