Morning Digest | SEBI chief’s rebuttal confirms ‘massive conflict of interest’, says Hindenburg; Paris Olympics draws to a close with spectacular show, and more
The Hindu
The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on August 12, 2024.
SEBI chief’s rebuttal confirms ‘massive conflict of interest’, raises fresh questions: Hindenburg Research
Hours after the stock market regulator’s chairperson Madhabi Puri Buch, and her spouse Dhaval Buch, issued a clarification on a Hindenburg Research report red-flagging their investments in obscure offshore funds linked to the Adani group, and ownership of consulting firms, the U.S.-based short seller said their rebuttal contains important ‘admissions’, raises fresh questions and confirms a ‘massive conflict of interest’.
Hindenburg Research report on SEBI chief raises political storm
Leader of Opposition in the Lok Sabha, Rahul Gandhi, on Sunday demanded a Joint Parliamentary Committee (JPC) inquiry into the charges against Securities and Exchange Board of India (SEBI) chief Madhabi Puri Buch in the latest Hindenburg report. The BJP dismissed the claims asserting that many global forces, with the help of the Congress “dynasty”, were attempting to hinder India’s progress.
Adani case: Supreme Court had said it can transfer probe if bias found
The Supreme Court had said cogent evidence of bias or portrayal of inadequacy would convince it to transfer a probe to an independent agency or a court-appointed Special Investigation (SIT) while refusing a plea to drop Securities Exchange Board of India (SEBI) from investigating Hindenburg’s allegations of share price manipulations and other irregularities against the Adani group.
Protests continue in Bengal over rape, murder of Kolkata doctor
Canada challenges U.S. tariffs on steel and aluminum imports through WTO dispute consultations, seeking resolution.
Jaffar Express driver recounts BLA hijacking as military rescues passengers, killing all terrorists in dramatic 30-hour siege.
UN Secretary-General assesses Rohingya refugee situation in Bangladesh amid fears of aid cuts, welcomed by Bangladesh's Foreign Affairs adviser.
US and Israel consider Sudan, Somalia, and Somaliland as potential destinations for resettling Palestinians from Gaza.
Millions face displacement as aid cuts worsen global refugee crisis, leaving vulnerable populations without essential support.
American Airlines plane catches fire at Denver airport, passengers evacuated safely, minor injuries reported, FAA to investigate.
Meta Platforms Inc. says it will launch its crowd-sourced fact-checking program, called Community Notes, on March 18.
Judge blocks mass firings of federal probationary workers, orders reinstatement, sparking legal battle over Trump administration's downsizing efforts.
Acting President Choi Sang-mok urges respect for Constitutional Court ruling on impeachment, warns against challenging public authority.
Trump reiterates desire to annex Greenland for international security, highlighting Chinese and Russian interest in Arctic region.
Trump administration seeks Supreme Court approval for birthright citizenship restrictions amid legal battles, facing nationwide block and constitutional challenges.
Interim government of Ethiopia's Tigray region appeals for federal intervention as TPLF faction seizes control, raising civil war fears.
Possible link between Starlink internet and cyber fraud in Myanmar-Thailand border, as Indian citizens repatriated from scam call centres.