Congress leader Rahul Gandhi has demanded an explanation from Indian Prime Minister Narendra Modi regarding allegations of irregularities in the Adani Group s use of offshore funds. Gandhi is calling for a joint parliamentary committee (JPC) probe into the issue and has criticized the prime minister for not initiating an investigation. The Adani Group has rejected the allegations, calling them recycled. Gandhi also suggested that world leaders may question why Adani was given preferential treatment at the upcoming G20 summit in New Delhi. | Latest News India
FPIs holding more than 50 per cent of their Indian equity assets in a single Indian corporate group or those that individually, or along with their investor group, hold more than ₹25,000 crore worth of Indian stocks will have to disclose granular details about beneficial owners
Sebi probe into some of the allegations raised in the Hindenburg report against Adani Group has hit a roadblock as regulatory agencies of other countries did not cooperate; it plans to seek an amendment in IOSCO framework for ease of exchange of information