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    Gautam Adani: Adani case has no effect, markets have become stronger than before… Claims MPC member of Reserve Bank

    Shehnaz AliBy Updated:No Comments2 Mins Read
    New Delhi: There was a negative report about Adani Group in January. It shook the Indian market. Due to this, the shares of Adani Group had fallen heavily for more than a month. But Ashima Goyal, a member of the Monetary Policy Committee (MPC) of RBI, has said that Indian markets have become stronger and diversified. He said that these markets have handled the Adani issue very smoothly and there is no threat to them. Regulators in India have tightened corporate governance and are investigating wrongdoings. There is no crisis on the Indian market because of this. The shares of Adani Group are also rising.

    Asked about increased monitoring of companies by corporate houses following Hindenburg’s allegations, Goyal said, “The government is not concerned about individual conglomerates… Indian markets have become stronger and more diversified now.” The Adani case did not have any significant impact on him. There is no crisis in the market. The shares of Adani Group are also rising. American short selling firm Hindenburg Research released a report on January 24 accusing the Adani Group of fraud. However, the group dismissed these allegations as baseless.

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    Adani Group’s shares recovered

    But due to this report, there was a huge fall in the shares of Adani Group. The group’s market cap was reduced by $ 150 billion. Group chairman Gautam Adani slipped from third to 35th position in the list of the world’s richest. But for the last few days, the shares of Adani Group are seeing a lot of growth. American firm GQG has invested Rs 15,000 crore in Adani Group companies. Since then, the shares of the group have gained momentum.

    Source: navbharattimes.indiatimes.com

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    Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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