Hindenburg hints at another major revelation in India
Washington DC: Hindenburg Research, the U.S.-based short-seller known for its explosive reports, has hinted at another significant disclosure related to India. In a cryptic message posted on X (formerly Twitter) on Saturday, Hindenburg stated, "Something big soon India," sparking widespread speculation.
This announcement comes after the notorious January 2023 report by Hindenburg that targeted the Adani Group. That report, released just before Adani Enterprises' planned share sale, alleged stock manipulation and fraud by the conglomerate, resulting in an $86 billion decline in the market value of Adani Group's stocks and a substantial sell-off of its overseas-listed bonds.
The Adani Group has consistently denied the accusations, and the Indian Supreme Court eventually gave the conglomerate a clean chit on the charges after reviewing SEBI's report on the matter. Despite these denials, the controversy has continued, with various political and business figures weighing in on the fallout.
In July 2024, BJP leader and senior lawyer Mahesh Jethmalani alleged that a U.S.-based businessman with Chinese ties had commissioned the Hindenburg report, accusing the Adani Group of fraud. Jethmalani claimed that Mark Kingdon of Kingdon Capital Management LLC had hired Hindenburg to undermine the Indian conglomerate, with the alleged involvement of Chinese operatives.
As Hindenburg teases its next big move, the business community and investors in India are on high alert, awaiting further details that could potentially shake the markets again.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
For supporters, ''Thalapathy'' Vijay becomes ''Muthalamaichar'' Vijay
Chennai (PTI): As actor-politician Vijay-led TVK appeared inching towards the majority mark of 118 Assembly seats out of the total 234 segments in Tamil Nadu, celebrations by party workers and fans erupted across the state.
Amid chants of 'TVK' and 'Vijay,' party workers gathered outside the party headquarters at Panaiyur near here and distributed sweets and hailed the party founder as "Muthalamaichar (Chief Minister) Vijay, who continues to be popular as "Thalapathy (Commander, his film title)."
Meanwhile, visuals of Vijay's father Chandrashekar and some family members expressing joy and happiness appeared in some television channels. Vijay's party is leading in at least 108 seats out of the total 234 segments.
