Indian tycoon Adani slams ‘malicious’ Hindenburg report

Indian tycoon Gautam Adani denies fraud accusations against his group, calling them a deliberate attempt to damage its reputation.

MSCI drops two Adani Group companies from India index

Global stock index compiler MSCI has removed Adani Total Gas and Adani Transmission from its India index due to their failure to meet market capitalization requirements. This comes after the Adani Group faced allegations of market manipulation, causing a significant decline in share prices. Adani Enterprises is set to consider raising funds through share sales or other securities, while the Indian Supreme Court is considering an extension of the probe into the manipulation allegations. The Adani Group’s shares have partially recovered but remain significantly below pre-allegation levels. Gautam Adani’s ranking on Forbes’ billionaires list has also dropped.

India’s scandal-hit Adani Enterprises back to profit

by Glenda Kwek MUMBAI, INDIA — Indian billionaire Gautam Adani’s flagship firm…

MSCI review puts India’s Adani shares back in the red

MUMBAI, INDIA — Global stock index compiler MSCI said it was reviewing…

India’s Modi hits back at opposition after Adani furore

INDIA — Indian Prime Minister Narendra Modi on Wednesday defended his record…

Adani’s brother runs SG company and registers as director with local ID

The market losses of Adani Group exceeded US$100 billion on Thursday (2…

Why is Gautam Adani’s Indian empire in turmoil?

by Nivrita Ganguly The business empire of Gautam Adani is in mayhem,…

Temasek and GIC reportedly in talks with Adani Group accused of “brazen” market manipulation and accounting fraud

Three months ago (Oct 2022), Indian billionaire Gautam Adani, said to be…