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The Latest Breaking News from Adani Enterprises

India's Adani Enterprises Tanks After Founder's US Charges

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.

International Business Times

Adani Group Faces Market Turmoil Amid Allegations

Adani Group faces billion losses after Hindenburg Research's accusations of offshore fund links.

Top News

2023 could have been the year that wrecked Adani. Did it?

There was one question on everyone’s mind the first month of this year: Will the Adani Group be able to weather the Hindenburg storm?

Newslaundry

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Morning Digest | India sees lowest August rainfall in a century; Chinese President yet to confirm presence at Delhi’s G-20 summit, and more

Read a daily selection of top stories from across India and the world by The Hindu to start your day

The Hindu

What has India’s Adani Group now been accused of?

Reporters network says it has documents backing allegations that Adani used offshore tax havens to drive up share price.

Al Jazeera

CBI files closure report in case against former NCCF chairman and Adani Enterprises

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

The Hindu

'National champion' Adani beneficiary of favours

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.

360info

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‘Used foreign funds to oppose Adani project’: I-T report on Ritwick Dutta

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.

Newslaundry

India's top court orders probe of Adani business group

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

The Independent UK

Modi government green-lit ‘inappropriate’ Adani coal deals

A damning investigation that shows a legal loophole let Gautam Adani keep mining despite a Supreme Court ruling is the latest headache for the billionaire tycoon.

Crikey

Billionaire Adani's Empire Loses More Than $135 Billion

Indian tycoon Gautam Adani's conglomerate is facing allegations of stock price manipulation and fraud that have chilled investors.

The Street

Adani says no refinancing, liquidity issues in bid to calm jittery investors

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

Reuters

Billionaire Adani's Tanking Empire Dreams Less

A new batch of bad news has hit the Indian tycoon's conglomerate, which has been plagued by fraud allegations from a short-seller.

The Street

India’s top court calls for expert panel to examine fallout of Adani Group fraud allegations

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

The Independent UK

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Al Jazeera

The Adani cloud over India

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

Reuters

Adani faces fresh risk as MSCI examines free float of its stocks

India's Adani Group faced fresh concerns on Thursday after financial index provider MSCI said it was reviewing the free float designation of some of its companies' securities.

AFP

India's Adani Enterprises shares soar 25% after loan payment pledge

Mumbai (AFP) - Shares in the flagship firm of troubled Indian conglomerate Adani rocketed as much as 25 percent Tuesday, clawing back some of its recent huge losses, after saying it would repay more than $1 billion in loans.

AFP

India's Adani Enterprises shares rocket 25%

Mumbai (AFP) - Shares in the flagship firm of troubled Indian conglomerate Adani rocketed as much as 25 percent Tuesday, making up some of the huge slump suffered since last month.

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AFP

India's Adani Enterprises shares rocket 20%

Mumbai (AFP) - Shares in the flagship firm of troubled Indian conglomerate Adani rocketed as much as 20 percent Tuesday, making up some of the huge slump suffered since last month.

Al Jazeera

Who is Gautam Adani and why is he controversial?

The Indian entrepreneur has seen his wealth plummet after a research firm accused him of ‘brazen stock manipulation’.

The Street

Billionaire Gautam Adani's Empire Continues to Burn

In two weeks Adani Group has lost more than $118 billion in market value, more than half its market capitalization.

Crikey

Adani crashes and burns, accused of ‘biggest con in corporate history’

Is the meteoric decimation of the fossil fuel titan a gift to our environment, or does it unwind Adani’s much-needed climate action?

The Street

BlackRock And Vanguard Hit by the Fall of Billionaire Adani's Empire

The two major U.S. institutional investors have exposure to the Adani Group conglomerate.

The Street

Two Wall Street Powerhouses Hit by the Fall of Billionaire Adani's Empire

The two major U.S. institutional investors have exposure to the Adani Group conglomerate.

inkl Originals

The Weekly Wrap for Saturday, 4 February 2023

Asia's richest man has watched a quarter of his fortune evaporate in a week. An industrial empire is teetering. And it's all because of one teeny-weeny little memo.

1 2 3 4

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