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Hindenburg Research says if Adani Group files a lawsuit, it will demand documents from the company.

image source-Millenium Post   Adani Group has announced that it is considering legal action against Hindenburg Research, a US-based investment research firm, for its recent report on the Indian conglomerate. In response, Hindenburg has stated that it fully stands by its report and believes any legal action taken against them would be without merit. The report, which was released this week, alleged that Adani Group had used undisclosed related-party transactions and earnings manipulation to "maintain the appearance of financial health and solvency" of its listed business units. The firm also stated that they would welcome any legal action taken by Adani Group and would use the discovery process to demand documents.
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Suzlon Energy Shakes Up Renewable Energy Sector with Massive ₹2,000 Crore Fundraising - What's Behind the Surge in Share Price?

Suzlon Energy, a leading renewable energy company, announced its board's approval to raise funds up to ₹2,000 crore. The company aims to strengthen its capital base and support its growth plans in the renewable energy sector. The fundraising will be carried out through various permissible methods, including private offerings and qualified institutions placement, in accordance with regulatory requirements.


The board's decision aligns with applicable laws, including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the Companies Act, 2013. Suzlon Energy expressed the need for necessary approvals to proceed with the fundraising.




During the January-March quarter of fiscal year 2022-23, Suzlon Energy achieved a consolidated net profit of ₹319.99 crore, attributed to lower expenses. This marked a significant improvement compared to the consolidated net loss of ₹205.52 crore in the same period the previous year. The company reported a dip in total income from operations, reaching ₹1,699.96 crore for the quarter, compared to ₹2,478.73 crore in the corresponding period last year.


Suzlon Energy's share price has been on an upward trend, delivering impressive returns to investors. Over the past month and a half, the energy stock has surged from around ₹8.20 to ₹18.37 apiece, representing a return of over 100%. In the last month alone, the stock has risen from around ₹11 to ₹16.80 apiece, indicating a nearly 50% increase. On July 7, Suzlon Energy shares settled 1.36% higher at ₹17.89 on the BSE

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