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The Latest Breaking News from Adani Group

Indian regulator looking into $86 billion Adani share wipeout

India's market regulator is examining a rout in the shares of billionaire Gautam Adani's companies, a source with direct knowledge told Reuters, as the losses triggered by a scathing U.S. short-seller report ballooned on Wednesday to $86 billion.

Reuters

Gautam Adani stock slump worsens as key share sale fails to lift mood

MUMBAI: The selloff in Adani Group’s stocks intensified on Wednesday, as the completion of a closely watched share sale by the Indian conglomerate’s flagship firm failed to offset wider concerns arising from Hindenburg Research’s fraud allegations.

The Times of India

Who is Gautam Adani? Asia's richest man is losing billions, fast

A history of financial fraud accusations may be catching up to India's biggest industrialist.

Fortune

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Adani wipeout puts focus on Union Budget 2023 to reignite stock market rally

After a $68 billion rout in Adani Group shares that has helped make India’s stock market the worst performer in Asia this year, investors are looking to government spending to spark a rebound.

The Times of India

Gautam Adani falls out of world top 10 rich list as his companies’ shares slide

Abu Dhabi fund’s $400m investment in Indian group fails to stop fall in value after fraud allegations

The Guardian - AU

Adani $2.5B share sale pushes through amid fraud claims

The closely watched $2.5 billion share sale launched by Asia’s richest man, Gautam Adani, has been fully subscribed, bucking expectations after a turbulent week in which the conglomerate’s shares plunged in a tussle with a U.S. short-seller

The Independent UK

Nidhi Razdan quits NDTV, 3 days after Sreenivasan Jain’s exit

Nidhi Razdan has resigned as the executive editor of NDTV, three days after her colleague Sreenivasan Jain announced that his three-decade journey with the channel had come to an end.

Newslaundry

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Richest Asian, Adani, targeted in $68B stock market rout

Asia’s richest man, Gautam Adani, has seen his companies shed $68 billion in market value in the past week after short-selling firm Hindenburg Research accused him of “pulling the largest con in corporate history.”

The Independent UK

Gautam Adani clings to position as world's richest Asian after Hindenburg report

The Adani stock rout is so bad that it's even knocked India out of the world's top five largest equity markets.

Fortune

Adani shares tumble again amid fraud claims

MUMBAI: Investors dumped more Adani shares on Tuesday, deepening the carnage at India's biggest conglomerate which has already lost around $70 billion in value after allegations of "brazen" corporate fraud.

Bangkok Post

Adani Group's loss swells to $65 billion; Hindenburg responds to charges

Shares of Adani Group companies remained under pressure for the third straight session on Monday with majority of them witnessing a crash yet again.

The Times of India

Mining group Rio Tinto apologises for losing radioactive capsule in Western Australia

The mining giant Rio Tinto has apologised after losing a radioactive capsule in Western Australia. The tiny object disappeared along a 1,400-kilometre route between a mining site and Perth. It could put any person within a 5-metre radius at risk. Local authorities have launched investigations to understand how the capsule…

France 24

Adani accuses short-seller Hindenburg of attacking India

India’s Adani Group, run by Asia’s richest man, has hit back at a report from U_S_-based short-seller Hindenburg Research, calling it “malicious”, “baseless” and full of “selective misinformation.”

The Independent UK

Top trending national news updates

Manik Saha, Samir Ranjan Barman and others take out a rally for the upcoming Tripura Assembly elections

The Times of India

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The Independent UK

Asian shares mixed after last week's gains on Wall Street

Shares are trading mixed in Asia after Wall Street benchmarks closed higher on Friday, capping a third week of gains out of the last four

ABC News

Adani Group considering legal action over fraud allegations as shares plunge up to 20 per cent

Some Adani companies are suspended as heavy selling of Adani-linked shares continues to wipe billions of dollars' worth of market value.

The Times of India

Gautam Adani loses Rs 4.17 lakh crore in 2 days as stocks plunge; sensex crashes 874 points

NEW DELHI: Gautam Adani, the chairman of the Adani Group of companies, saw his wealth plummet by over $48 billion (Rs 4,17,824.79 crore) in two days, as shares of his companies continued to plunge for the second day on Friday.

The Independent UK

Adani Group mulls suing US short-seller for fraud claims

India’s Adani Group has launched a share offering for retail investors and says it is considering legal action against U.S.-based short-selling firm Hindenburg Research for allegations of stock market manipulation and accounting fraud that caused heavy selling of its stocks this week

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The Times of India

Hindenburg Research stands by its report on Adani, will seek disclosures in US court proceedings

NEW DELHI: Threatened with legal action, US activist investor Hindenburg Research on Thursday said it stands by its report that alleged "brazen" market manipulation and accounting fraud by the Adani group, saying it has a long list of documents it will demand in a legal discovery process.

The Guardian - AU

Afternoon Update: Protests mark ‘Invasion Day’; Indigenous voice debate rages; and Netflix crackdown on password sharing

Protesters express differing views on the Indigenous voice to parliament

Al Jazeera

Hindenburg shorts India’s Adani citing debt, accounting concerns

Concerns raised by the US-based short-seller sent shares of Adani Group’s listed firms tumbling, eroding $11bn.

The Guardian - UK

Adani Group firms lose $9bn in value amid short-seller claims

Hindenburg Research says world’s third-richest person, Gautam Adani, is pulling ‘largest con in corporate history’

Fortune

One of Wall Street’s most feared short-selling research firms just accused Asia’s richest man of a multibillion-dollar fraud

Shares of Adani Group companies plummeted after its founder was accused of “pulling the largest con in corporate history.”

The Times of India

Hindenburg’s short sell call shaves $12 billion off Gautam Adani stocks

MUMBAI: Shares in Adani Group companies lost $12 billion in market value after US investor Hindenburg Research said it was shorting the conglomerate’s stocks and accused firms owned by Asia’s richest person of “brazen” market manipulation and accounting fraud.

The Independent UK

India's Adani Group shares plunge, hit by short-seller

India's Adani Group has protested allegations by short-selling firm Hindenburg Research that caused shares in its companies to plunge by as much as 8%

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