Headlines: Finance Minister Nirmala Sitharaman’s Assurance Amid Adani-Hindenburg Row

“Two days after presenting the Union Budget, what the government called the first budget of Amrit Kaal, Finance Minister Nirmala Sitharaman, in her first reaction to the free fall stocks of Adani Group’s companies, said the country’s market was “well regulated”. She said it was unexpected that the controversy around Gautam Adani’s business would affect investors’ confidence. India remained “”an absolutely well governed”” country and a “”very well-regulated financial market””, Sitharaman told a news channel. “”One instance, however much talked about globally, I would think is not going to be indicative of how well Indian financial markets have been governed,”” said the finance minister. She said the investor confidence that existed before shall continue even now.

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