The Latest Breaking News from Adani Group

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.

ABC News · Jan 27, 2023

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 Times of India · Jan 27, 2023

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

The Independent UK · Jan 27, 2023

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.”

Fortune · Jan 25, 2023

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 Times of India · Jan 25, 2023

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%

The Independent UK · Jan 25, 2023

BCCI rakes in Rs 4669.99 crore from sale of Women's Premier League teams

MUMBAI: Women's cricket has touched a new glass ceiling in India. It is the latest goldmine that the Indian cricket Board has discovered. On Wednesday, five companies, with the Adani Group leading the race, which made the highest bid-Rs 1289 crore-for the Ahmedabad franchise, splurged as much as Rs 4669.99…

The Times of India · Jan 25, 2023

Asia’s richest man battles fraud allegations

Shares in Adani Group companies fell on Wednesday after a US fund said it was shorting the Indian conglomerate’s stocks and accused companies owned by Asia’s richest man of “brazen” market manipulation and accounting fraud.

Bangkok Post · Jan 25, 2023

Gautam Adani slips to 4th position in global billionaires ranking

NEW DELHI: Adani Group chairman Gautam Adani on Tuesday slipped to 4th position in Bloomberg Billionaires Index.

The Times of India · Jan 24, 2023

NDTV president Suparna Singh, 2 others step down over a month after Adani takeover

More than a month after the Adani Group’s takeover of NDTV, the channel’s group president Suparna Singh, Chief Strategy Officer Arijit Chatterjee, Chief Technology and Product Officer Kawaljit Singh Bedi have resigned from the television broadcasting network.

Newslaundry · Jan 13, 2023