The Latest Breaking News from Gautam Adani

Indian tycoon Adani hit by more losses, calls for probe

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

The Independent UK · Feb 3, 2023

Adani crisis: Indian group has value cut in half after stock market rout

Traders sent shares down more than 25% on Friday despite attempts to restore investor confidence following fraud claims

The Guardian - AU · Feb 3, 2023

Gautam Adani backers from New York to Tokyo dissect and limit exposure

NEW DELHI: Financial institutions from New York to London and Tokyo are dissecting their exposure to the empire of Gautam Adani, who was Asia’s richest man only a few days ago.

The Times of India · Feb 3, 2023

Boris Johnson's younger brother just resigned from an Adani-linked investment bank after a $100 billion stock rout amid claims of a shady offshore account

"I have consistently received assurances from Elara Capital that it is compliant with its legal obligations and in good standing with regulatory bodies."

Fortune · Feb 2, 2023

SBI has $2.6 billion of loans to Gautam Adani

MUMBAI: State Bank of India, the country’s largest financier, has given loans of as much as $2.6 billion to companies in the Adani conglomerate, or about half of what is allowed under the rules, according to a person familiar with the matter.

The Times of India · Feb 2, 2023

How Asia's ex-richest man lost nearly $50 billion in just over a week

Indian businessman Gautam Adani was a few billion dollars shy of Elon Musk. But he tumbled down the billionaires' list after a U.S. firm accused the Adani Group of pulling off an epic con.

WEKU · Feb 2, 2023

Share debacle a rare setback for Indian tycoon Adani

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

The Independent UK · Feb 2, 2023

India opposition MPs seek Adani probe as group losses top $100bn

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

Al Jazeera · Feb 2, 2023

Adani Enterprises calls off €2.2 billion share sale, citing 'market volatility'

The Adani Group conglomerate has seen tens of billions of euros wiped off its market value since a short-seller's report accused it of pulling "the largest con in corporate history" last week. It has now cancelled a €2.2 billion ($2.5 billion) share sale meant to help reduce debt levels. Billionaire…

France 24 · Feb 2, 2023

Adani losses top $100bn after fraud claims

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.

Bangkok Post · Feb 2, 2023