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FORGOTTEN HISTORY: 16 | History Defined

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

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

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.

Bangkok Post

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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

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 Times of India

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.”

The Independent UK

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

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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.

ABC News

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 Times of India

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 Independent UK

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

The Guardian - AU

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.

Al Jazeera

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.”

Fortune

India's Adani Group shares plunge, hit by short-seller

India's Adani Group has protested allegations by short-selling firm Hindenburg Research that caused shares in its companies to plunge by as much as 8%

The Independent UK

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The Times of India

Sensex plunges over 750 points as financial, IT shares drag; Adani group stocks sink

NEW DELHI: Equity indices plunged on Wednesday with the benchmark BSE sensex falling over 750 points amid heavy selloff in financial and IT stocks.

Bangkok Post

Asia’s richest man battles fraud allegations

Shares in Adani Group companies fell on Wednesday after a US fund said it was shorting the Indian conglomerate’s stocks and accused companies owned by Asia’s richest man of “brazen” market manipulation and accounting fraud.

The Times of India

Gautam Adani slips to 4th position in global billionaires ranking

NEW DELHI: Adani Group chairman Gautam Adani on Tuesday slipped to 4th position in Bloomberg Billionaires Index.

The Times of India

Adani Group to spin off hydrogen, airports, data centre businesses by 2028: CFO

NEW DELHI: Billionaire Gautam Adani's group plans to spin off businesses like hydrogen, airports and data centre between 2025 and 2028 after they achieve a certain investment profile, it's Chief Financial Officer Jugeshinder Singh said.

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The Times of India

Adani Enterprises FPO offer: 10%-15% discount for investors

NEW DELHI: Adani Enterprises Limited(AEL), the flagship company of richest Indian Gautam Adani, on Wednesday filed an offer letter with stock exchanges for a proposed Rs 20,000 crore follow-on public offer (FPO).

Fortune

Oxfam echoes Bill Gates in calling for new taxes on the rich with ‘billionaire-busting policies’

More than 700 billionaires live in the United States.

Newslaundry

TV Newsance 198: When Gautam Adani met Rajat Sharma and Kashmir Files drama

Why do billionaires buy media? This week, we look at the age-old tradition of rich men and women buying and investing in the media to gain influence – Gautam Adani is only the most recent of rich Indian industrialists to have a channel of his own. Over the past few…

The Times of India

Tata reviews super app strategy as sales may miss target by 50%

MUMBAI: MUMBAI: Tata Group’s ambitious super app is expected to meet just half of the sales target in its debut year, forcing the sprawling Indian corporate to review its digital strategy, people familiar with the matter said.

The Times of India

Mukesh Ambani driving $75 billion green bet as scions helm other Reliance units

MUMBAI: Mukesh Ambani, the billionaire chairman of Reliance Industries Ltd, will be focusing his attention on the Indian conglomerate’s pivot to green energy, according to people familiar with the matter, after putting his children in charge of other businesses.

The Times of India

Adani takes control of NDTV, buys promoters at 17% premium to open offer price

NEW DELHI: Adani group on Friday gained full control of news broadcaster NDTV after it acquired most of founders -- Prannoy Roy and Radhika Roy -- stake at a premium of almost 17 per cent over the rate it paid to minority shareholders of the firm.

Dynamite News

Adani Group Completes Majority Acquisition Of NDTV

The Adani Group on Friday said it had acquired 27.26 per cent equity stake in NDTV from the promoters -- Prannoy Roy and Radhika Roy -- indicating that the group had acquired the majority stake in the media firm. Read on ford details:

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