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India’s top court rules in favor of Adani conglomerate ...News
In a major win for billionaire Gautam Adani, the court refused a special probe into “stock manipulation” India’s Supreme Court on Wednesday refused to order a special probe into allegations of stock-market manipulation against Adani Group, a conglomerate owned by the country’s second richest man Gautam Adani, allegations made last year by American research firm Hindenburg. In a major relief for Adani, the court directed the stock-market regulator Securities and Exchange Board of India (SEBI) to complete its ongoing investigation within a period of three months. The Hindenburg report, released in January last year
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