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The Latest Breaking News from Gautam Adani

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 · Feb 1, 2023

'Going ahead not morally correct': Adani Enterprises calls off Rs 20,000 crore FPO, to return money to investors

NEW DELHI: Billionaire Gautam Adani-led group's flagship firm Adani Enterprises on Wednesday decided to scrap its follow-on public offer (FPO), a day after it was fully subscribed.

The Times of India · Feb 1, 2023

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 · Feb 1, 2023

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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

The Independent UK · Feb 1, 2023

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 · Feb 1, 2023

Gautam Adani stock meltdown hits $92 billion as collateral worries grow

MUMBAI: The crisis of confidence plaguing Gautam Adani has taken a sudden turn for the worse, with a record 28% plunge in his flagship company’s stock raising questions over the extra collateral he needs to cover loans.

The Times of India · Feb 1, 2023

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 · Feb 1, 2023

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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

The Guardian - AU · Jan 31, 2023

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 · Jan 31, 2023

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 · Jan 31, 2023

Adani to set up AI lab in Tel Aviv, develop real estate in Haifa

HAIFA: Indian tycoon Gautam Adani's ports-to-energy conglomerate will set up an artificial intelligence lab in Tel Aviv as it looks to leverage on a $1.2 billion Haifa port deal to make more investments in Israel.

The Times of India · Jan 31, 2023

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 · Jan 31, 2023

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 · Jan 31, 2023

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 · Jan 31, 2023

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Bangkok Post · Jan 31, 2023

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.

The Times of India · Jan 31, 2023

Gautam Adani drops off list of world’s top 10 richest people

Gautam Adani has slipped out of the list of the world's top 10 richest people and could soon be supplanted as Asia's wealthiest person if shares in his conglomerate continue to slide.

The Times of India · Jan 30, 2023

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 Independent UK · Jan 30, 2023

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.”

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ABC News · Jan 28, 2023

Women's Premier League bids sees India hit cricket's future into the stratosphere

As the battle for emerging athletes grows ever hotter, India's latest push to grow women's cricket appears to be a winner, writes Tracey Holmes.

ABC News · Jan 27, 2023

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 · 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 Independent UK · 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 Guardian - AU · Jan 27, 2023

Afternoon Update: US investor dares Adani to sue over report; NBL pride jersey controversy; and a February events guide

US activist investor who accused Adani of ‘biggest con in corporate history’ dares Indian group to sue

Al Jazeera · Jan 25, 2023

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.

Fortune · Jan 25, 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.”

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