The Latest Breaking News from Adani Enterprises

Losses for the troubled Adani Group, India’s second-largest conglomerate, have deepened as shares in its flagship company tumbled another 25%

Mumbai (AFP) - Beleaguered Indian tycoon Gautam Adani denied Friday that his rise to become Asia's richest man -- a title he has lost in a phenomenal stock rout -- was due to Prime Minister Narendra Modi, as shares in his conglomerate slumped again.

The Indian tycoon speaks out for the first time since his group faced accusations of fraud from New York short-seller Hindenburg Research.

London (AFP) - European stock markets rose on Thursday after the European Central Bank and Bank of England raised interest rates, joining the US Federal Reserve in moving once again to cool sky-high inflation.

India's Gautam Adani was Asia's richest man when the U.S. short-selling firm Hindenburg Research put out a report last week alleging his businesses have engaged in fraud and stock price manipulation

Opposition MPs call for parliamentary investigation after US-based short seller accuses Adani Group of fraud.

London (AFP) - European stock markets rallied Thursday before interest rate decisions from the European Central Bank and Bank of England and following the US Federal Reserve's latest hike aimed at cooling sky-high inflation.

MUMBAI: The business empire of under-fire Indian tycoon Gautam Adani has lost more than $100 billion in value over the past week as shares in several firms plunged again on Thursday, a day after the group cancelled a multi-billion-dollar public offering.

Hong Kong (AFP) - Markets were mixed Thursday, with investors unable to maintain an early rally despite a strong lead from Wall Street fuelled by hopes the Federal Reserve's campaign of interest rate hikes could be close to an end.