'Something big soon India': Hindenburg message raises eyebrows

News Network
August 10, 2024

Hindenburg Research, the entity which shorted Adani stocks and led to a massive crash in the conglomerate's market value, has posted a cryptic message on social media platform X, wherein it said, "Something big soon India".

Their post has already started garnering a lot of attention, with many X users slamming the short seller based on the recent Sebi show cause notice to the firm regarding the Adani issue.

"Tool kit activated to distract more from Bangladesh," one user commented.

"Like the actual Hindenburg, I find your India coverage to be mostly hot air," another said.

Adani Enterprises had decided not to proceed with a debut retail bond offering of up to Rs 1000 crore last year after US-based short-seller Hindenburg Research accused the group of improper use of offshore tax havens and stock manipulation.

Adani Group denied Hindenburg's allegations, but shares of its group companies lost more than $100 billion in value before recovering in late 2023.

Hindenburg Research had shared an advance copy of its damning report against Adani group with New York-based hedge fund manager Mark Kingdon about two months before publishing it and profited from a deal to share spoils from share price movement, according to market regulator Sebi.

The Securities and Exchange Board of India (Sebi), in its 46-page show cause notice to Hindenburg, detailed how the US short seller, the New York hedge fund and a broker tied to Kotak Mahindra Bank benefited from the over $150 billion routs in the market value of Adani group's 10 listed firms post-publication of the report.

Sebi charged Hindenburg of making "unfair" profits from "collusion" to use "non-public" and "misleading" information and induce "panic selling" in Adani Group stocks.

Hindenburg, which made public the Sebi notice, in its response, has described the show cause as an attempt to "silence and intimidate those who expose corruption and fraud perpetrated by the most powerful individuals in India" and revealed that the vehicle used to bet against Adani's flagship firm Adani Enterprises Ltd belonged to Kotak Mahindra (International) Ltd, a Mauritius-based subsidiary of Kotak Mahindra Bank Ltd. 

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News Network
September 3,2024

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Mangaluru, Sep 3: In a tragic incident, a 31-year-old man lost his life after suffering a fatal cardiac arrest while playing cricket at Mooduperara Kayarane, located on the outskirts of Mangaluru.

Pradeep Poojary, a resident of Mooduperara Kayarane and the son of the late Ananda Poojary, experienced severe chest pain during a game on Sunday evening. 

He was immediately rushed to a private hospital in Kaikamba, then to a primary health care center in Bajpe, where he received initial treatment. Despite efforts to save him, Pradeep succumbed to the cardiac arrest on the way to a private hospital in Mangaluru.

Pradeep was an active community member, working as an employee of the Paduperara gram panchayat since 2012. He was the president of the Mangaluru taluk committee of the State Gram Panchayat Employees’ Welfare Association and served as the secretary of Kayarane Navaranga Friends. He was also known for his involvement with Bajrang Dal and Javaner Perar.

Pradeep leaves behind his mother, brother, and sister. His untimely death has sent shockwaves through the community, where he was known for his dedication and service.

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News Network
August 28,2024

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Mangaluru: The Mangaluru City police have apprehended two individuals in connection with the recent stone-pelting incident at the residence of MLC Ivan D'Souza.

City Police Commissioner Anupam Agrawal identified the suspects as Bharat, also known as Yakshith, aged 24, and Dinesh Kurthamogeru, aged 20. Bharat, a driver from Bolantoor village in Bantwal taluk, has a history of three previous assault cases. Dinesh, who works in finance collection in Kanyana, hails from Kolnadu village in Bantwal taluk and has one prior assault case.

Following the incident, an FIR was lodged at the Mangaluru South police station. A special investigation team, led by ACP Central Sub-Division Pratap Singh Thorat, was formed to track down the culprits. The team conducted a thorough investigation, meticulously reviewing CCTV footage, verifying vehicle information, and gathering statements from eyewitnesses.

During interrogation, the accused confessed to the crime, citing anger over statements made by MLC D'Souza as their motive. They admitted that, after dining at Fish Crown Hotel around 9:30 pm, they impulsively decided to throw stones at D'Souza's residence.

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News Network
September 7,2024

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Indian wrestler Vinesh Phogat on Friday joined the Congress ahead of the upcoming Haryana Assembly polls and will be the candidate from Julana. Along with Phogat, Bajrang Punia also joined the party.

Meanwhile, Former Wrestling Federation of India (WFI) chief and BJP leader Brij Bhushan Sharan Singh took a jibe at the wrestlers saying, "God has punished them for cheating."

"Haryana is the crown of India in the field of sports. And they stopped the wrestling activities for almost 2.5 years. Is it not true that Bajrang went to the Asian Games without trials? I want to ask those who are experts in wrestling. I want to ask Vinesh Phogat whether a player can give trials in 2 weight categories in a day? Can the trials be stopped for 5 hours after the weigh-in?... You did not win the wrestling, you went there by cheating. God has punished you for the same, " Brij Bhushan said, as reported by ANI.

Additionally he also called out Congress leader Bhupinder Hooda.

"I am not guilty of disrespecting daughters. If anyone is guilty of disrespecting daughters, it is Bajrang and Vinesh. And the one who wrote the script, Bhupinder Hooda is responsible for that. If they (BJP) will ask me (to campaign in the Haryana polls), I can go. One day Congress will have to regret it...," he said.

Both Phogat and Punia met Congress President Mallikarjun Kharge at his residence before officially joining the party at an event at headquarters in the presence of General Secretary (Organisation) K C Venugopal.

Vinesh Phogat, who defied several odds to make the final of the women’s freestyle 50 kg event of the Paris Olympics, was disqualified after being overweight by a few grams.

Now, Olympians Phogat and Bajrang Punia, who were at the forefront of the wrestlers' protest against former WFI chief and BJP leader Brij Bhushan Sharan Singh last year, entered the political arena on Friday by joining the Congress with a vow of "not being scared or backing off".

Hours after joining the Congress, Punia was appointed as the working chairman of the All India Kisan Congress. It seems unlikely now that he would be fielded in the polls.

The 90-member Haryana Assembly is scheduled to go to polls on October 5 and the counting of votes will be undertaken on October 8.

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