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Adani Group Calls Fraud Allegations Baseless, Bemoans Stock Moves

Helen Gray 0
Business
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…

This Billionaire Is Now Even Richer Than Jeff Bezos

Helen Gray 0
Business
Jeff Bezos is no longer the second-richest person in the world.  The Amazon. AMZN -2.18% com Inc. founder was overtaken Friday by Indian industrialist Gautam Adani, 512599 -1.26% whose net worth sits at $147 billion, according to the Bloomberg Billionaires Index, a ranking of the world’s richest people. Mr. Adani now only trails…