‘Excuse & exclusion’ norms clarified

Sebi has clarified norms for excusing or excluding investors in alternative investment funds (AIFs) from participating in certain investments. In a circular, the regulator laid out certain conditions, by way of which AIF investors may be exempt from certain investments. One instance would be if the investor — based on the opinion of a legal […]

Adani stocks tank after Rs 34,900-crore petchem project suspension shows Hindenburg fallout still lingering on

Adani Group stocks fell on Monday with Adani Enterprises shares falling 3.4% to Rs 1813.40 after the reports of Gautam Adani-led group suspending a Rs 34,900 crore petrochemical project at Mundra in Gujarat to focus on resources to consolidate operations and address investor concerns following a damning report by Hindenburg Research LLC. The group sent […]

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