Hindenburg report combination of targeted misinformation, discredited allegations: Adani
New Delhi (PTI): Billionaire Gautam Adani on Tuesday reiterated that the Hindenburg report was a combination of misinformation and discredited allegations.
Speaking at the AGM of his group companies, he said that on the eve of Republic Day this year, US-based short-seller Hindenburg Research published a report to short group stocks just as it was planning to launch the largest Follow-on Public Offering in India's history.
"The report was a combination of targeted misinformation and discredited allegations, the majority of them dating from 2004 to 2015.
"They were all settled by the appropriate authorities at that time. This report was a deliberate and malicious attempt aimed at damaging our reputation and generating profits through a short-term drive-down of our stock prices," he said.
Subsequently, despite a fully subscribed FPO, the group decided to withdraw and return the money to investors to protect their interests.
"While we promptly issued a comprehensive rebuttal, various vested interests tried to exploit the claims made by the short seller. These entities encouraged and promoted false narratives across various news and social media platforms," he said.
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Shivakumar opposes ‘One Nation One Election’, calls it ‘unworkable’
Bengaluru (PTI): Karnataka Deputy Chief Minister D K Shivakumar on Saturday strongly opposed the central government’s proposed ‘One Nation One Election’ initiative.
Shivakumar expressed his views at a dialogue on ‘One Nation One Election’ organised by the Joint Parliamentary Study Committee.
He said the plan is a politically motivated, power-centralising scheme that would seriously damage India’s federal structure by weakening states and poses a threat to the democratic system, according to a statement from his office.
As KPCC president and deputy CM of Karnataka, he categorically rejected the proposal, stating that it is being crafted to suit the convenience of those in power at the Centre.
Shivakumar said that the Karnataka Legislative Assembly had already passed a resolution opposing ‘One Nation One Election’ and read out the resolution at the meeting.
He firmly stated that it is “not a workable plan” and added that it is “practically impossible.”
“If a government falls midterm due to political instability, a no-confidence motion, or loss of majority, what is the solution?” he asked.
“Elections are held at different times in different states for different terms. Karnataka had its election in 2023, while Tamil Nadu and Kerala had theirs in 2021, and Punjab and Telangana in 2022 and 2023, respectively. How can these elections with varying schedules be synchronised?” he asked.
He added that the proposal is a ploy to suppress the voices of regional and Opposition parties.
He also said the Karnataka government does not agree with the proposal and remains committed to the position of the Congress party’s national leadership.
