“Hindenburg Research, the short-selling firm, suggested another major revelation involving an Indian company may be imminent. The firm posted a cryptic message on X, the platform formerly known as Twitter, stating, “Something big soon India,” on August 10. This comes over a year after Hindenburg published allegations against the Adani Group, accusing them of insider trading and stock market violations. The January 2023 report led to a significant drop in Adani Group stock prices, reportedly causing losses of over $100 billion. The Adani Group has consistently denied all accusations made in the Hindenburg report.

Source: Mint August 10, 2024 05:17 UTC