The Latest Breaking News from Gautam Adani

Roadshows, $3 billion credit from sovereign wealth fund: What Adani Group is doing to restore investors' trust

NEW DELHI: The Adani Group is trying all means to win back investors' confidence in the aftermath of a massive stock rout that has eroded over $140 billion of its market value since January 24.

The Times of India · Mar 1, 2023

Modi govt allowed Adani coal deals it knew were ‘inappropriate’

The Modi govt brought in laws that helped the Adani Group keep its ‘coal-scam era’ deals.

Al Jazeera · Mar 1, 2023

'Why Adani group is an example of bad business practices and not a con'

NEW DELHI: Gautam Adani-owned Adani Group, and specifically it flagship firm Adani Enterprises hold massive amount of debt and is overleveraged, valuation guru Aswath Damodar said in a blog post as the group as a whole reels under pressure in the aftermath of the Hindenburg report.

The Times of India · Feb 28, 2023

'Sockpuppets' created puffery about Adani, says Wikipedia

NEW DELHI: For more than a decade, sockpuppets - some of them being company employees - created 'puffery' around tycoon Gautam Adani, his family and the apples-to-airport group he helmed by adding non-neutral material and removing warnings from information on Wikipedia, the free internet-based encyclopedia has alleged.

The Times of India · Feb 21, 2023

India's foreign minister blasts George Soros as 'old, rich, opinionated and dangerous' after billionaire says Adani debacle would weaken PM Modi

Subrahmanyam Jaishankar said that George Soros believed his definitions and perceptions were above others and held a typical "Euro-Atlantic view" of the world.

Fortune · Feb 21, 2023

Adani group market value drops below $100 billion as stock rout widens

MUMBAI: The combined market value of Adani group’s shares fell below $100 billion on Tuesday, a reflection that attempts to reassure investors following a scathing report by a US short seller are falling short.

The Times of India · Feb 21, 2023

India's oligarchs under Modi facing a crisis

Over the past two decades, Indian multi-billionaire Gautam Adani's close ties to Prime Minister Narendra Modi have helped the Gujarati businessman become Asia's wealthiest person. Mr Adani's meteoric rise also made him the poster boy for India's growth story -- until allegations of fraud and stock manipulation brought his eponymous…

Bangkok Post · Feb 20, 2023

Adani Group decides against bid for stake in power trader PTC

MUMBAI: Billionaire Gautam Adani has decided against bidding for a stake in state-backed electricity trader PTC India, people familiar with the matter said, as his business empire looks to preserve cash amid criticism from a US short-seller.

The Times of India · Feb 20, 2023

George Soros sets India’s right-wing on fire – for all the wrong reasons

Indian social media was in uproar over the weekend. The latest enemy was not a Bollywood movie that offended prudish sensibilities, nor that trusted staple for outrage, Pakistan. Instead, right-wing supporters of the Modi government went after George Soros, the billionaire philanthropist and pro-democracy activist.

Newslaundry · Feb 20, 2023

Gautam Adani maps comeback strategy after $132 billion Hindenburg rout

MUMBAI: Almost a month after a bombshell short seller report lopped off $132 billion in market value from Gautam Adani’s empire, the Indian billionaire has hired top-shelf US crisis communication and legal teams, scrapped a $850 million coal plant purchase, reined in expenses, repaid some debt and promises to repay…

The Times of India · Feb 20, 2023