Indian tycoon Adani slams ‘malicious’ Hindenburg report
NEW DELHI, INDIA — Indian tycoon Gautam Adani on Tuesday denounced fraud accusations against his group by a US investment…
MSCI drops two Adani Group companies from India index
MUMBAI, INDIA — Global stock index compiler MSCI has dropped two firms in the embattled Adani Group from its India index,…
India’s scandal-hit Adani Enterprises back to profit
by Glenda Kwek MUMBAI, INDIA — Indian billionaire Gautam Adani’s flagship firm returned to profit in the December quarter, earnings…
LIC’s share price drops 36% in 9 months after GIC invests in it; LIC has significant exposure to Adani
Last May, Indian state-run insurance company, Life Insurance Corporation (LIC) of India, went public. Among the investors who had subscribed…
DBS CEO admits bank has S$1.3b exposure to Adani Group but says he isn’t concerned and don’t expect to do anything
Reuters reported on Monday (13 Feb) that the rout in the share prices of India’s Adani Group continued despite the group…
Norway’s sovereign wealth fund pulls out of Adani
OSLO, NORWAY — Norway’s US$1.2 trillion sovereign wealth fund, the world’s largest, said Thursday it has completely divested its assets…
MSCI review puts India’s Adani shares back in the red
MUMBAI, INDIA — Global stock index compiler MSCI said it was reviewing the status of equities in India’s Adani Group…
India’s Modi hits back at opposition after Adani furore
INDIA — Indian Prime Minister Narendra Modi on Wednesday defended his record after criticism of his close association with tycoon…
Adani shares dive again as Indian opposition stages demos
MUMBAI, INDIA — Investors dumped more Adani stock on Monday as India’s opposition staged protests calling for a full enquiry…
Adani stock rout raises questions about India’s credibility even as S’pore becomes #1 investor in India
Bloomberg published a news report on last Friday (3 Feb 2023) saying that the recent Adani stock rout is raising bigger…