Get latest articles and stories on India at LatestLY. The Congress on Friday called for an investigation after a US-based research firm in its report raised concerns about the possibility of shares of Adani Group companies declining from their current levels owing to high valuations. India News | Congress Calls for Probe After Report Raises Concerns on Shares of Adani Group.
The Congress on Friday called for an investigation after a US-based research firm in its report raised concerns about the possibility of shares of Adani Group companies declining from their current levels owing to high valuations.
Congress general secretary Jairam Ramesh said that the high exposure of financial institutions such as the LIC and the SBI to the Adani Group has implications for financial stability
Normally a political party should not be reacting to a research report on an individual company or business group prepared by a hedge fund. But the forensic analysis by Hindenburg Research of the Adani Group demands a response from the Congress party. This is because the Adani Group is no ordinary conglomerate: it is closely identified with Prime Minister Narendra Modi since