Hindenburg Research’s allegations of fraud against the Adani group have scorched the Life Insurance Corporation of India (LIC). Its holdings in the Adani stocks account for less than 1% of the total e...
Tag: Adani
An Emirati businessman recurs in the Adani group’s offshore dealings
Within the corporate network of India’s Adani group, the names of some people pop up again and again, linked to multiple offshore entities of unclear purpose or labyrinthine structure. In the wake of ...
Adani Stocks Fall as Firm Starts Tour to Win Back Investors
(Bloomberg) — Most Adani Group stocks fell as the embattled Indian conglomerate kicked off a charm offensive with fixed-income investors in Asia, its latest effort to stem the fallout from a sho...
Adani stock market losses hit $145bn one month after short seller attack
Gautam Adani’s business empire has had more than $145bn wiped from its value in the month since a US short seller alleged fraud, laying bare the battle the Indian tycoon still faces in regaining the c...
Vedanta Resources share price at risk amid Adani comparison
Vedanta Resources (NSE: VEDL) share price plunged to the lowest point since December 27 as concerns about the company’s balance sheet remains. With Adani Group facing headwinds, investors believe that...
A month after the Hindenburg jolt, Adani continues to bleed
Image: AMIR COHEN (Reuters) It’s been nearly a month since the US-based Hindenburg Research published a report jolting one of India’s largest conglomerates. A $120-billion market rout and a major stoc...
Adani Selloff Drags Group’s Market Value to Under $100 Billion
(Bloomberg) — The combined equity market value of Adani Group’s 10 companies slipped below $100 billion on Tuesday, as the embattled conglomerate struggles to reassure investors following a scat...
Stock Bearing the Brunt of Adani Rout Is at Risk of More Losses
(Bloomberg) — Adani Group stocks have seen more than $132 billion of market value wiped out since the explosive Hindenburg Research report, but none is hit as bad as Adani Total Gas Ltd. Most Re...
The contrarian case for the Adani Enterprises share price
Adani Enterprises (NSE: ADANIENT) share price has continued reeling in the past few weeks as concerns about the Indian conglomerate continue. The stock plunged by over 5% on Friday to trade at 1,600, ...
Adani Maps Comeback Strategy After $132 Billion Hindenburg Rout
(Bloomberg) — Almost a month after a bombshell short seller report lopped off $132 billion in market value from Gautam Adani’s empire, the Indian billionaire has hired top-shelf US crisis commun...
Adani Credit Facilities Expose Collateral Web Full of Red Flags
(Bloomberg) — Financing arrangements across the Adani Group conglomerate have sent a fresh chill through ESG markets as investors wake up to a new risk. Most Read from Bloomberg Norway’s largest...
Adani Shock for $3.1 Trillion India Stock Market Is Ebbing Fast
(Bloomberg) — Signs are fast emerging that investors in Indian stocks are moving beyond the Adani Group’s woes. Local money managers are bullish on the outlook for the year ahead and overseas fu...
Why Adani Crisis Is Just What India Needed
Narendra Modi appears alongside Gautam Adani at the 5th Vibrant Gujarat Global Summit on 2011 in Gandhinagar, India. Vijay Soneji/Mint via Getty Images Nothing tells you more about an economy than how...
MSCI delays weighting cuts for two Adani companies, cites ‘replicability’ concerns
Signage of Adani Group at Adani Defence and Aerospace booth during the Aero India 2023 at Air Force Station Yelahanka in Bengaluru, India, on Monday, Feb. 13, 2023. Bloomberg | Bloomberg | Getty Image...
3 reasons the Nifty 50 index is soaring amid the Adani debacle
The Nifty 50 index has done well in 2023 even amid rising concerns about Adani Enterprises. The index, which is made up of the top blue chips in India, was trading at 18,000 rupees on Thursday, ~3.8% ...
Adani share price forms a rare pattern ahead of earnings
Adani Enterprises (NSE: ADANIENT) share price has formed a rare death cross pattern ahead of the company’s earnings. After rebounding to a high of 2,232 INR last week, the shares have tumbled by ~25% ...
DBS CEO Says Not Concerned About $976 Million Adani Exposure
(Bloomberg) — DBS Group Holdings Ltd. has about a S$1.3 billion ($976 million) exposure to Adani Group, of which S$1 billion is from a cement firm acquisition financing and the remaining S$300 m...
India Recoups Fifth Place in World Stocks as Adani Claws Back
(Bloomberg) — India has reclaimed fifth place among the world’s top equity markets by value after being briefly usurped by France during a selloff of Adani Group shares. Most Read from Bloomberg...
India’s Finance Minister Answers Crypto Regulation, Adani Queries
India is in discussion with other G20 nations to plan a common regulatory framework for crypto regulation, Indian Finance Minister Nirmala Sitharaman said during a press conference after a meeting tod...
Adani Group Reportedly Hires Top U.S. Law Firm To Take On Hindenburg As Stocks Continue To Tank
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...
Adani Stock Rout Resumes as MSCI Says It’s Reviewing Free Float
(Bloomberg) — Adani Group stocks slipped in early trading, ending a two-day reprieve, after MSCI Inc. said it was reviewing the amount of shares linked to the group that were freely tradable in ...
Adani Stock Rout Enters Third Week as Flagship Shelves Bond Sale
(Bloomberg) — The stock rout in Gautam Adani’s indebted conglomerate entered a third week as its flagship firm suffered a fresh fundraising setback and a major credit rating agency downgraded th...
Adani Saga Enters Third Week as Officials Jump in to Calm Nerves
(Bloomberg) — Indian policy makers and regulators stepped in over the weekend to calm frayed nerves over concerns the turmoil surrounding billionaire Gautam Adani’s conglomerate would spill over...
Adani Bondholders Turn to Advisers as Crisis Engulfs Indian Firm
(Bloomberg) — Bondholders of Adani Group firms are holding initial conversations with financial advisers and lawyers to weigh their options after the unfolding crisis at the Indian conglomerate ...
S&P Dow Jones to Oust Adani from Sustainability Index Following Accusations of Financial Malpractice
The S&P Dow Jones is removing Adani from its index, further adding to the Indian conglomerate’s mounting woes. Dow Jones has announced plans to remove embattled Indian multinational conglomerate ...
How Adani Selloff Stacks Up Against the Biggest Stock Collapses
(Bloomberg) — The magnitude of the plunge in stocks tied to Indian billionaire Gautam Adani is rivaled by only a handful of short-seller campaigns in history. Most Read from Bloomberg Chief amon...
As Adani implodes, how safe is Reliance Industries stock?
The implosion of Adani’s empire has been the biggest stock news of this week, as I wrote in this report. Companies in Gautam Adani’s empire have shed over $108 billion in value, dragging his net worth...
Some of Wall Street’s biggest names are exposed to the Adani Enterprises plunge
Chairperson of Indian conglomerate Adani Group, Gautam Adani, speaks at the World Congress of Accountants in Mumbai on November 19, 2022. Indranil Mukherjee | AFP | Getty Images Shares of India’...
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...
Stock Futures, Asian Shares Struggle; Adani Sinks: Markets Wrap
(Bloomberg) — US and European equity futures dropped as disappointing earnings from Apple Inc., Amazon.com Inc. and Alphabet Inc. weighed on market sentiment. Most Read from Bloomberg Asian shar...