Adani

Investors have lopped off more than $100 billion from the market capitalisation of seven of the group's listed stocks since Hindenburg Research last week questioned the group's debt levels and use of tax havens. Declines intensified after billionaire leader Gautam Adani shelved a $2.5 billion share sale that…

Shares of companies linked to Indian billionaire Gautam Adani continued to slide on Thursday, after his namesake conglomerate canceled a planned share sale that was meant to raise more than $2 billion. Adani Enterprises Ltd. 512599 -26.50% , the group’s flagship business that scrapped its follow-on public offering after a plunge in its shares the previous day, fell another 26% on Thursday. The shares have…

Gautam Adani, who saw $100 billion rout in shares of his listed firms, says his conglomerate has "impeccable track record" of fulfilling debt obligations. Meanwhile, Citigroup stops accepting securities of his firms as collateral for margin loans. School-dropout-turned-billionaire has lost his title of Asia's…

Embattled Indian billionaire Gautam Adani calls off his flagship company's share sale after a tumultuous week saw his conglomerate shed tens of billions of dollars in market value after claims of fraud from US-based short-selling firm. Adani Group was working with its bankers to refund the proceeds received by in…

The flagship company of India’s Adani Group collected enough investor bids Tuesday to pull off a large stock sale, advancing its fundraising plans in the face of fraud allegations from a U.S. short seller.  By Tuesday afternoon in India, a public share offering by Adani Enterprises Ltd. was slightly oversubscribed—indicating that the Mumbai-listed company would be able to complete the deal, which aimed to raise up to $2.5 billion.   The share…

Shares of Gautam Adani's business empire sink nearly 20 percent as scathing report by Hindenburg Research ignites rout in conglomerate's listed firms, casting doubts on how investors will respond to company's record $2.45 billion secondary sale. Gautam Adani — who now has an estimated fortune of $96.6 billion —…

Shares of several companies linked to India’s richest man, Gautam Adani, fell sharply Friday, losing tens of billions of dollars in market value after a U.S. short seller’s allegations of fraud at his sprawling conglomerate continued to unnerve investors. Five of the seven listed Adani Group 512599 -18.52% companies ended the day 16% to 20% lower, and the other two fell by the maximum 5% permitted by…

The energy and infrastructure conglomerate controlled by Gautam Adani, India’s richest man, said stock-market moves that followed allegations of fraud outlined in a report by short seller Hindenburg Research had created anguish for Indian citizens. Adani Group 512599 -1.54% ‘s seven listed companies lost a total of $10 billion in market value on Wednesday after New York-based Hindenburg accused the Indian…

Asia's richest man Gautam Adani's group vehemently denies allegations of "stock manipulation and accounting fraud" by Hindenburg Research that plunged the group's shares and swiftly eroded $10.73 billion from Adani's wealth. Adani Group, which is led by Gautam Adani, the world's third richest person, dismisses…

Gautham Adani is addicted to AI Chabot. As the fourth richest person in the world according to the Bloomberg Billionaires Index, Gautam Adani has admitted to being addicted to AI Chabot ChatGPT. The ChatGPT is a new artificial intelligence tool developed by OpenAI that can interact in the form of a conversational dialogue and provide responses that appear surprisingly human. The 60-year-old India tycoon said in a LinkedIn post last week that the release of ChatGPT was a “transformational moment in the…