Adani's fraud cannot be obfuscated by nationalism: Hindenburg
New Delhi (PTI): As the Indian stock market was to open Monday, all eyes were set on stocks of Adani Group companies, a day after it released a 413-page response to allegations of wrongdoing by US short seller Hindenburg Research.
Commenting on the response Adani Group released on Sunday in response to its report, Hindenburg said it believed India was a vibrant democracy and an emerging superpower with an exciting future and it was Adani Group which was holding it back through "systematic loot".
Hindenburg has rejected Adani Group's charge that its report was an attack on India, saying a "fraud" cannot be obfuscated by nationalism or a bloated response that ignored response to key allegations.
Our Reply To Adani:
— Hindenburg Research (@HindenburgRes) January 30, 2023
Fraud Cannot Be Obfuscated By Nationalism Or A Bloated Response That Ignores Every Key Allegation We Raisedhttps://t.co/ohNAX90BDf
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Tsunami alert after a volcano in Indonesia has several big eruptions and thousands are told to leave
Jakarta, Apr 17: Indonesian authorities issued a tsunami alert Wednesday after eruptions at Ruang mountain sent ash thousands of feet high. Officials ordered more than 11,000 people to leave the area.
The volcano on the northern side of Sulawesi island had at least five large eruptions in the past 24 hours, Indonesia's Centre for Volcanology and Geological Disaster Mitigation said. Authorities raised their volcano alert to its highest level.
At least 800 residents left the area earlier Wednesday.
Indonesia, an archipelago of 270 million people, has 120 active volcanoes. It is prone to volcanic activity because it sits along the “Ring of Fire,” a horseshoe-shaped series of seismic fault lines around the Pacific Ocean.
Authorities urged tourists and others to stay at least 6 km (3.7 miles) from the 725-metre (2,378 foot) Ruang volcano.
Officials worry that part of the volcano could collapse into the sea and cause a tsunami as in a 1871 eruption there.
Tagulandang island to the volcano's northeast is again at risk, and its residents are among those being told to evacuate.
Indonesia's National Disaster Mitigation Agency said residents will be relocated to Manado, the nearest city, on Sulawesi island, a journey of six hours by boat.
In 2018, the eruption of Indonesia's Anak Krakatau volcano caused a tsunami along the coasts of Sumatra and Java after parts of the mountain fell into the ocean, killing 430 people.
