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MYSTERIOUS: 12 - You Need To See This

Jack Dorsey's Block is the latest company targeted by a notorious short-seller

The short-seller put out an accompanying report, alleging that Block's Cash App has inflated user counts and consorted with criminals.

Fortune

Opposition leaders hold protest in Parliament House complex over Adani issue

NEW DELHI: Several opposition party leaders on Tuesday held a protest in the corridors of Parliament House and raised slogans demanding a joint parliamentary committee (JPC) probe into the Adani issue.

The Times of India

'Is everyone in BJP a brother of Raja Harishchandra?' asks Telangana IT Minister KTR

Telangana IT Minister and BRS working president KT Rama Rao (KTR) on Thursday hit out against the BJP led central government and PM Modi. Read further on Dynamite News:

Dynamite News

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Gautam Adani stock rout puts spotlight on billions flowing through Mauritius

The tiny island of Mauritius spent years trying to clean up its image as a base for murky money launderers and shell firms. The short-seller allegations against billionaire Gautam Adani are once again reviving questions about the country’s role as a tax haven for India’s tycoons.

The Times of India

GQG Partners likely to increase Adani investment, says founder Rajiv Jain

NEW DELHI: Rajiv Jain, the founder of fund firm GQG Partners, on Wednesday indicated that the company would probably increase its investment in the Adani group following its recent $1.9 billion infusion into the Indian conglomerate.

The Times of India

Adani still significant investor in Australia, investment fully functional: High Commissioner Barry O'Farrell

NEW DELHI: Australian High Commissioner Barry O'Farrell on Monday said that Adani group is still a significant investor in Australia.

The Times of India

American investment fund led by the anti-Cathie Wood rides to the rescue of Indian tycoon accused of fraud

Star fund manager Rajiv Jain invested $1.9 billion in Gautam Adani's industrial conglomerate, just when the beleaguered business magnate needed it the most.

Fortune

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Billionaires Mukesh Ambani and Gautam Adani plan to build 25GW of clean energy in Andhra Pradesh

Conglomerates run by billionaires Mukesh Ambani and Gautam Adani said they will develop a combined 25 gigawatts of renewable power in Andhra Pradesh, as the fossil fuels-led groups continue to plow ahead with their green energy goals.

The Times of India

Have lot of admiration, respect for Gautam Adani, his company: Tony Abbott

NEW DELHI: Former Australian Prime Minister Tony Abbott, a known backer of Adani Group's coal mine projects in his country, on Thursday came out in support of the embattled group's chairman Gautam Adani, saying he has a lot of admiration and respect for the tycoon and his company.

The Times of India

Meet the SC-appointed expert panel to probe Adani-Hindenburg saga, stock market volatility

NEW DELHI: In latest development to the Adani-Hindenburg row, the Supreme Court on Thursday set up an expert panel comprising 6 members to look into the protection of Indian investors in the aftermath of a damning report by the US short seller.

The Times of India

Sebi slaps market ban on Arshad Warsi and 44 others for share price manipulation through misleading YouTube videos

Sebi on Thursday barred 45 entities, including actor Arshad Warsi, his wife Maria Goretti and others, from the securities market in cases related to manipulating the share prices of two companies through uploading misleading videos on YouTube channels.

The Times of India

India's top court orders probe of Adani business group

India’s top court has ordered an investigation into any regulatory failures related to the Adani Group after the conglomerate's shares plunged due to allegations of wrongdoing by a U.S. short-selling firm

The Independent UK

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

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

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The Times of India

'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

Adani group continues investor roadshow in Hong Kong to win back trust

MUMBAI: The crisis-ridden Adani group is moving an investor roadshow to Hong Kong Tuesday, continuing its charm offensive to ease concerns about its financial health and corporate governance induced by a short-seller’s allegations.

Foreign Policy

The Adani Crisis Is Exactly What India Needs

The scandal may rattle India’s elite just enough to jump-start long-neglected reforms.

The Times of India

Gautam Adani's older brother plays key role at embattled dynasty

MUMBAI: In August, as India’s Adani group neared the completion of its $10.5 billion purchase of two cement businesses, the conglomerate and its banks put out some particularly complicated filings.

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The Times of India

Investors lose Rs 6.97 lakh crore in 4 days as stock markets fall

NEW DELHI: Domestic equity indices extended their fall for the fourth session in a row, wiping off Rs 6.97 lakh crore of investor's money.

The Times of India

'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.

Fortune

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.

The Times of India

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.

Bangkok Post

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…

The Times of India

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.

Newslaundry

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.

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