Adani Stocks Drop as Hindenburg Row With India Regulator Worsens

-- Adani Group’s stocks fell after Hindenburg Research accused the head of India’s market regulator of having conflicts of interest that allegedly prevented a thorough probe into the US-based short seller’s claims of manipulation and fraud at the conglomerate.NYC Subway Riders See ‘Exceptionally High’ Air Pollution

The face-off between Hindenburg and Sebi is escalating weeks after the US-based firm was queried by the Indian regulator about its scathing report against Adani in early 2023. The London Company, an investment management company, released “The London Company Small Cap Strategy” second quarter 2024 investor letter. A copy of the letter can be downloaded here. In the quarter, the fund fell 5.8% compared to a 3.3% decrease in the Russell 2000 Index.

According to a market research study published by Custom Market Insights, the demand analysis of Global Industrial Hydraulic Equipment Market size & share revenue was valued at approximately USD 34.1 Billion in 2023 and is expected to reach USD 37.5 Billion in 2024 and is expected to reach around USD 52.6 Billion by 2033, at a CAGR of 5.7% between 2024 and 2033.

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