Topline India’s Adani Group has hired New York-based law firm Wachtell, Lipton, Rosen & Katz to take on allegations against it raised by short-seller Hindenburg Research, the Financial Times repor...
Tag: Adani Group
Gautam Adani Briefly Falls Out Of Top 20 Richest As His Net Worth Spirals After ‘Corporate Con’ Allegations
Topline Indian billionaire Gautam Adani briefly fell out of the world’s top 20 richest people on Friday after losing $12 billion in a day, a spectacular fall from his former position as the world’s th...
Adani Drops To Third Richest In Asia After Stock Market Rout Knocks Off Another $12 Billion From His Fortune
Topline India’s Gautam Adani slipped one more spot to third on the list of Asia’s richest people after shares in his group’s listed companies continued to nosedive on Thursday while they attempt to pu...
How Gautam Adani Lost More Than $50 Billion In A Week—And His Ranking As Asia’s Richest
Topline Here’s a timeline of how Indian billionaire Gautam Adani has seen his fortune shrink by $51.7 billion in the past week as his group of companies have had to battle against allegations of stock...
Gautam Adani Addresses Scrapped Public Offering In First Public Remarks Since Hindenburg Allegations
Topline Gautam Adani on Thursday addressed his flagship company’s canceled $2.5 billion public offering and promised a review of the Adani Group’s market strategy in his first public remarks since U.S...
Credit Suisse Reportedly Assigns Zero Lending Value To Adani Group Bonds Following Hindenburg Allegations
Topline Credit Suisse has assigned zero lending value for bonds issued by Adani Group’s listed subsidiaries, Bloomberg reported on Wednesday, a move that will deepen concerns for the beleaguered India...
Billionaire Gautam Adani Gets Vote Of Confidence From Abu Dhabi Firm’s $400 Million Investment
Gautam Adani speaks at the World Congress of Accountants in Mumbai on November 19, 2022. INDRANIL MUKHERJEE / AFP Gautam Adani has won a vote of confidence from a $400 million investment by Internatio...
Adani Group Companies Continue To Be Hit By Market Selloff As War Of Words With Hindenburg Escalates
Topline A war of words between the Adani Group and Hindenburg Research escalated on Monday as shares in some of the Indian conglomerate’s listed companies continued to slide sharply after the New York...
India’s $30 Trillion Future Is Easier Said Than Done
Gautam Adani, chairman of Adani Group, speaks during the Forbes CEO Summit in Singapore, on September 27, 2022. Edwin Koo/Bloomberg Is India on track to become a $30 trillion economy? For perspective,...
Asia’s Richest Man, Gautam Adani, Seeks Majority Stake In India’s NDTV
Gautam Adani speaks to the media in Ahmedabad on July 21, 2009. SAM PANTHAKY/AFP via Getty Images Adani Group has mounted a bid to take a majority interest in New Delhi Television (NDTV) as the conglo...
Flush With Cash And Influential Backing, The UAE’s New T20 League Is Set To Shake Up Cricket Globally
The T20 league in the UAE is set to shake world cricket. (Photo by Tharaka Basnayaka/NurPhoto via … [+] Getty Images) NurPhoto via Getty Images Mubashshir Usmani, the Emirates Cricket Board (ECB...
Adani Group To Acquire Holcim’s India Business In $10.5 Billion Deal
Swiss building materials manufacturer Holcim Group. Holcim Indian billionaire Gautam Adani’s company is acquiring Swiss building materials manufacturer Holcim Group’s Indian arm in a $10.5 billion dea...
India’s Gautam Adani Is Now Richest Asian Billionaire Ever As Fortune Jumps Past $100 Billion
Gautam Adani, the founder and chairman of the Adani Group. Hindustan Times via Getty Images After a meteoric rise in his net worth over the past two years, Indian infrastructure tycoon Gautam Adani ha...
Adani Group Receives $2 Billion Investment From Abu Dhabi For Green Energy Push
Gautam Adani, Chairman of the Adani Group. Abhijit Bhatlekar/Mint via Getty Images Abu Dhabi’s International Holding Co. (IHC) has invested $2 billion in three green energy-focused companies run by In...