The Latest Breaking News from Adani Enterprises

Shares in Adani Enterprises, the group’s flagship company, fell by over 20%, helping erase an estimated $15 billion from Gautam Adani’s net worth.

Shares in India's Adani Enterprises slumped 10 percent at Thursday's open after US prosecutors charged billionaire industrialist founder Gautam Adani with paying hundreds of millions of dollars in bribes and hiding the payments from investors.

The CBI has closed its case against Adani Enterprises and a former National Cooperative Consumer Federation chairman for alleged irregularities

India’s government appears to have favoured the Adani Group to grow more rapidly than older peers and avoid regulatory scrutiny on potentially serious concerns.

Before environment lawyer-activist Ritwick Dutta was booked by the CBI, an income tax department report had last year accused him of opposing overseas projects led by Indian entities, including the Adani Group. It had also accused him of using foreign money to partner with domestic NGOs, including an RSS affiliate.

India’s top court has ordered an investigation into any regulatory failures related to the Adani Group after the conglomerate's shares plunged due to allegations of wrongdoing by a U.S. short-selling firm

(This Feb. 14 story has been corrected to fix IHC's response in the last paragraph, spelling of Hindenburg in paragraph 3)

India’s finance minister says Indian regulators are working to protect investor interests

The recent set of allegations have raised questions about the tycoon’s meteoric rise and the role of regulators.