DAILY FROM: AHMEDABAD, CHANDIGARH, DELHI, JAIPUR, KOLKATA, LUCKNOW, MUMBAI, NAGPUR, PUNE, VADODARA JOURNALISM OF COURAGE THURSDAY, JANUARY 4, 2024, LUCKNOW,LATE CITY, 14 PAGES BY UNNY INVESTIGATE SHORT SELLERS, INCLUDING HINDENBURG: CJI BENCH SCrejectspleasforcourt-monitoredCBI probeintoallegationsagainstAdanifirms Truthhasprevailed,contributionto growthstorywillcontinue,saysAdani ANANTHAKRISHNAN G SC guidelines for courts: Do not summon govt officials as first resort EXPRESS NEWS SERVICE NEW DELHI, JANUARY 3 THE SUPREME COURT on Wednesday rejected demands for a court-monitored probe by the Central Bureau of Investigation or a Special InvestigationTeam(SIT)intoallegations raised against the Adani Group companies by US-based shortsellerHindenburgResearch in a January 2023 report. The Court also asked the Centre to probe “the loss which has been sustained by Indian investors as a result of the volatility caused by the short positions taken by Hindenburg Research and any other entities acting in concert with Hindenburg Research” and “enquire into whether there was any infraction of law by the entities, which engaged in short-selling on this occasion”. Disposing a batch of four petitions filed in the wake of the CONTINUED ON PAGE 2 What Sebi is probing: 12 foreign portfolio investors, short sellers ANANTHAKRISHNAN G NEW DELHI, JANUARY 3 THE TWO aspects of the Hindenburg Research allegations against the Adani Group which market regulator SecuritiesandExchange Board of India is still probing are: ownership of 12 Foreign Portfolio Investors (FPIs) whoholdstakeinthecompanies of the group; and short sellers in Adani shares during January 18-31 last year (around the time of the release of the Hindenburg report). Refusingtohandover theprobeintoallegations oftheHindenburgreport on Adani Group to a SIT, ● theSupremeCourtasked SEBI to continue with its investigations and complete the E EXPLAINED BUSINESS AS USUAL `6.00 WWW.INDIANEXPRESS.COM SINCE 1932 probe within three months. LastAugust,SEBI had told the Supreme Court that it is gathering details pertaining to “economic interest shareholders” of 12 FPIs which are public shareholdersof theAdaniGroupcompanies. This investigation is being conductedbytheregulatortofind outiftherehasbeenaviolationof Section 19A of the Securities CONTINUED ON PAGE 2 NEW DELHI, JANUARY 3 THE SUPREME Court Wednesday cautioned courts against “routinely” summoning or“humiliating”governmentofficials, laying down an elaborate set of guidelines that underlined the need to cultivate an “environment of respect”. The standard operating procedures (SOPs), drawn up by a three-judge bench presided by Chief Justice of India D Y Chandrachud,werenecessitated by an April 2023 Allahabad High Court order under which senior Uttar Pradesh government officials were taken into custody andfacedbailablewarrants—all over the notification of rules on domestic helps for former high court judges. The top court, while pulling up the Allahabad High Court over the issue, said in the guidelines that courts should refrain from passing remarks that can humiliate government officials CONTINUED ON PAGE 6 Tiger zinda hai: Big cat’s return brings hope in Bengal reserve EXPRESS NETWORK SC DENIESINTERIM RELIEF TO MAHUA, NEXT HEARING IN MARCH PAGE 5 RAVIK BHATTACHARYA CONTINUED ON PAGE 2 PM: Modi’s guarantee got women quota law, triple talaq freedom In Kerala, slams Opp for ‘hurting faith’ SHAJU PHILIP THIRUVANANTHAPURAM, JANUARY 3 UNDERLINING THAT “Nari Shakti”isthe“biggestguarantee” for Viksit Bharat though “there is a lot of discussion in the country on Modi’s guarantee”, Prime MinisterNarendraModilaunched afrontalattackWednesdayonthe Congress and Left parties, major constituents of the Opposition INDIAbloc,claimingtheyhaddelayedthewomen’sreservationBill anditwastheBJPthatensuredits passage in Parliament to empower women. Addressing a massive gatheringofwomeninThrissurinKerala —theeventwascalledtheSthree Shakthi Modikkoppam Mahila Sangamam (women power with Modi) — the Prime Minister also attackedtheOppositionblocover matters of faith. CONTINUED ON PAGE 2 Temple claim for political mileage, says dargah’s 14th-generation Hindu trustee KOLKATA, JANUARY 3 TWO YEARS ago, a fleeting glimpseof atigergavewaytodisappointment in West Bengal’s BuxaNationalPark,asthebigcat was not to be seen again. Then,onDecember28,forest officials got an early New Year’s gift as one of the camera traps in thenationalparkcapturedatiger crossingadryriverbed.Andthree days later, on December 31, the tiger was captured at night, on a different camera. The previous sighting, on Prime Minister Narendra Modi in Thrissur, Kerala. PTI NAYONIKA BOSE & ZEESHAN SHAIKH KALYAN, JANUARY 3 Caught on camera trap on December 28 KUNO CHEETAH GIVES BIRTH TO THREE CUBS DEMOLITION MAN Mohammed Siraj’s 6/15 helped India bowl out South Africa for 55 in the first innings of the Cape Town Test. After India managed 153, South Africa were 62/3 at stumps. Reuters PAGE 6 REPORT,PAGE13 A DAY after Maharashtra Chief MinisterEknathShindesaidthat he is committed to the “liberation” of the centuries-old Haji Malang Dargah, which rightwing groups claim is a temple, the off-grid shrine in Thane dis- The Haji Malang Dargah in Thane district. Deepak Joshi trict was on Wednesday abuzz with activity — but not because of the storm building around it. Located on the lowest plateau of Malanggad, a hill fort 3,000 feet above sea level on the Matheranhillranges,thedargah is preparing for the death anniversary of Haji Abd-ulRahman, a 12th century Sufi saintfrom Yemen who is known CONTINUED ON PAGE 2 Apni khushiyon ko roz thoda samay dena hai zindagi ki SIP Zindagi ke liye SIP Adhik jaankari ke liye apne MFD/RIA se sampark karein ya scan karein SIP ke fayde Market ki timing se azadi Nivesh raashi chunne ki azadi An Investor Education and Awareness Initiative SIP - Systematic Investment Plan. Visit https://www.hdfcfund.com/information/key-know-how to know more about the process to complete a one-time Know Your Customer (KYC) requirement to invest in Mutual Funds. Investors should only deal with registered Mutual Funds, details of which can be verified on the SEBI website (www.sebi.gov.in/intermediaries.html). For any queries, complaints & grievance redressal, investors may reach out to the AMCs and / or Investor Relations Officers. 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