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The Latest Breaking News from Gautam Adani

Markets mixed as early Fed-fuelled rally peters out

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.

AFP

India's Adani empire loses more than $100 bn after fraud claims

Mumbai (AFP) - The crisis around Indian tycoon Gautam Adani deepened Thursday with the total loss of value to his indebted empire topping $100 billion after it abruptly cancelled a stock sale.

AFP

Asian markets track Wall St higher after softer Fed tone

Hong Kong (AFP) - Most Asian markets rose Thursday and the dollar weakened further on hopes the Federal Reserve's campaign of interest rate hikes could be close to an end after it acknowledged progress in its long-running battle against inflation.

AFP

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India's Adani shares plunge again after stock sale cancelled

Mumbai (AFP) - Under-fire Indian tycoon Gautam Adani insisted Thursday that the fundamentals of his conglomerate were "strong" even as shares in its companies plunged again after the group cancelled a multi-billion-dollar stock sale.

AFP

Why has the Adani Group shed US$90bn in value and what do short sellers have to gain?

As Gautam Adani drops down the world’s rich list, here’s what we know about Hindenburg Research’s accusations and what they mean for the Indian conglomerate

The Guardian - AU

Billionaires tried to ‘save’ media. They failed

When the uberwealthy arrived to rethink media, many rejoiced. Disarray and a vacuum of journalistic integrity lay in their wake.

Crikey

Voice working group says Dutton committed to ‘further talks’ – as it happened

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The Guardian - AU

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Adani scraps $2.5B share sale after fraud claims hit stock

Embattled Indian billionaire Gautam Adani has called off his flagship company’s sale of $2.5 billion shares

The Independent UK

Billionaire Gautam Adani's Empire Makes a Shocking U-Turn

The day after a successful share sale, the conglomerate of Asia's former richest man has decided to return investors their money.

The Street

Adani abandons $2.5 billion share sale in big setback to Indian tycoon

Gautam Adani's flagship firm called off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by a U.S. short-seller's criticisms wiped billions more off the value of the Indian tycoon's stocks.

Reuters

Exclusive-Indian market regulator examining Adani share rout, source says

India's market regulator is examining a recent crash in shares of Adani Group and looking into any possible irregularities in a share sale by its flagship company, a source with direct knowledge of the matter told Reuters on Wednesday.

Reuters

Billionaire Gautam Adani Is No Longer Asia's Richest Man

The Indian tycoon's net worth has already shrunk by $48 billion this year.

The Street

Adani scraps FPO as group stocks plummet. What's happening?

By now, you might have heard about the tanking shares of the Adani firms. And how Gautam Adani, who was recently the second richest man in the world, has now dropped to the 15th position in the Forbes’ list of the world’s wealthiest. All over a week.

Newslaundry

Billionaire Gautam Adani's Fortune Is Melting at High Speed

Indian tycoon Gautam Adani no longer is Asia's richest man.

The Street

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The Street

$90 Billion Collapse of Billionaire Adani's Empire

The Indian tycoon's conglomerate is being routed on the stock market, and where it ends is unclear.

The Independent UK

What is Hindenburg Research, firm accusing Adani of fraud?

Hindenburg Research is a financial research firm with an explosive name and a track record of sending the stock prices of its targets tumbling

AFP

Adani shares nosedive as Indian tycoon drops down rich list

Mumbai (AFP) - Shares in Gautam Adani's empire nosedived again on Wednesday as the Indian tycoon dropped off the Forbes top 10 rich list following allegations of massive accounting fraud.

Reuters

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.

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AFP

Share sale fails to halt Adani market slide in India

Mumbai (AFP) - A successful public offer failed to stop investors dumping shares in Indian tycoon Gautam Adani's business empire for a fifth day on Wednesday after allegations of massive accounting fraud from a short-seller investment group.

AFP

A US corporate scourge deflates the empire of Indian tycoon Adani

New York (AFP) - Nathan Anderson sees himself as a scourge of corporate manipulation, but some investors and business leaders see short-sellers like him as engaging in tactics more akin to Wall Street gunslinging for profit.

The Guardian - AU

Morning Mail: Saudis to sponsor Australia’s World Cup, bail prisoner numbers soar, Adani fortune slides

Saudi Arabia’s tourist board to sponsor women’s tournament in Australia; unsentenced people in jail rises 120% in decade; Walter Sofronoff to lead ACT police probe

Fortune

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.

The Guardian - AU

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 Street

Struggling Billionaire Gautam Adani Scores Crucial Victory

The empire of Asia's richest man's is facing fraud allegations from a short-seller. These caused a market rout of the shares of the group's entities.

AFP

Large investors pull Adani's $2.5 bn share sale through after stock rout

Mumbai (AFP) - Adani Group's ambitious share sale exceeded its subscription targets Tuesday in a relief for the Indian conglomerate, which is reeling from allegations of "brazen" corporate fraud that wiped more than $65 billion off its value.

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