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The Latest Breaking News from Adani Group

Billionaire Adani's Empire Loses More Than $135 Billion

Indian tycoon Gautam Adani's conglomerate is facing allegations of stock price manipulation and fraud that have chilled investors.

The Street

India's foreign minister blasts George Soros as 'old, rich, opinionated and dangerous' after billionaire says Adani debacle would weaken PM Modi

Subrahmanyam Jaishankar said that George Soros believed his definitions and perceptions were above others and held a typical "Euro-Atlantic view" of the world.

Fortune

India's oligarchs under Modi facing a crisis

Over the past two decades, Indian multi-billionaire Gautam Adani's close ties to Prime Minister Narendra Modi have helped the Gujarati businessman become Asia's wealthiest person. Mr Adani's meteoric rise also made him the poster boy for India's growth story -- until allegations of fraud and stock manipulation brought his eponymous…

Bangkok Post

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Billionaire George Soros Makes New Powerful Enemies

The legendary investor says India's prime minister Narendra Modi is weakened by the downfall of billionaire Gautam Adani's empire.

The Street

Unmasking India's crony capitalist oligarchy

The recent accounting fraud and stock manipulation allegations against multi-billionaire Gautam Adani made by Hindenburg Research, a New York-based short-selling firm, has startled the financial world. The episode is a necessary reality check for those who are expecting India's star to burn brighter in the global economic firmament as China's…

Bangkok Post

Watchdog won't probe fraud allegations against Adani

Australia's corporate regulator will not launch a formal investigation into alleged misconduct by the Adani Group due to the age of the accusations.

AAP

Could trouble for Adani trip up Narendra Modi?

Repercussions from Hindenburg report reach into political sphere as spotlight falls on tight-knit relationship between India’s prime minister and the billionaire

The Guardian - UK

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Why not JPC in Hindenburg Adani row: Jairam Ramesh after Centre's reply in SC

Congress leader Jairam Ramesh on Monday took a swipe at the Centre over its reply in the Supreme Court regarding appointing a committee in connection with the Hindenburg's report on Adani Group, and questioned the government on why it was not agreeing to a joint parliamentary committee (JPC).

Dynamite News

Billionaire Adani's Tanking Empire Dreams Less

A new batch of bad news has hit the Indian tycoon's conglomerate, which has been plagued by fraud allegations from a short-seller.

The Street

Budget Session: Kharge Calls Opposition Meeting Tomorrow To Chalk Out Floor Strategy

Congress president and Leader of Opposition in Rajya Sabha Mallikarjun Kharge has called a meeting of "like-minded" opposition parties on Monday. Read further on Dynamite News:

Dynamite News

India’s top court calls for expert panel to examine fallout of Adani Group fraud allegations

India’s finance minister says Indian regulators are working to protect investor interests

The Independent UK

The Adani cloud over India

The recent set of allegations have raised questions about the tycoon’s meteoric rise and the role of regulators.

Al Jazeera

Adani faces fresh risk as MSCI examines free float of its stocks

India's Adani Group faced fresh concerns on Thursday after financial index provider MSCI said it was reviewing the free float designation of some of its companies' securities.

Reuters

Modi skips the A-word, leaves Rahul Gandhi’s 5 questions unanswered

Facing a volley of allegations linked to the Adani Group controversy during the stormy budget session, Prime Minister Narendra Modi on Wednesday hit back at the opposition’s charges. But did he?

Newslaundry

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Dynamite News

"I Will Call An Apple An Apple, Not An Orange...," Mahua Moitra Defends Her 'Unparliamentary Language' In Parliament

Trinamool Congress MP Mahua Moitra who sparked a furore by using "unparliamentary language" in Lok Sabha on Wednesday defended her usage of the word stating that she will call an apple an apple and not an orange. Read further on Dynamite News:

Al Jazeera

Who is Gautam Adani and why is he controversial?

The Indian entrepreneur has seen his wealth plummet after a research firm accused him of ‘brazen stock manipulation’.

The Street

Indian Billionaires Defend Country After Adani Empire Debacle

Adani Group is the center of allegations of fraud and stock-price manipulation launched by the short-seller Hindenburg Research.

The Street

Billionaire Gautam Adani's Empire Continues to Burn

In two weeks Adani Group has lost more than $118 billion in market value, more than half its market capitalization.

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The Street

Billionaire Gautam Adani Loses $60 Billion

The Indian tycoon drops out of the top end of the powerful club of the world's biggest fortunes.

Dynamite News

Delhi: Youth Congress Stages Protest Over Adani Issue At Jantar Mantar

Members of the Indian Youth Congress held a protest over Adani stocks issues at Jantar Mantar on Monday. Read further on Dynamite News:

The Independent UK

Adani woes spur protests as stock turmoil turns political

Hundreds of demonstrators from India’s main opposition party have gathered in New Delhi and other cities to demand regulators investigate allegations of fraud and stock manipulation by India's second-biggest conglomerate, headed by coal mining tycoon Gautam Adani

The Street

BlackRock And Vanguard Hit by the Fall of Billionaire Adani's Empire

The two major U.S. institutional investors have exposure to the Adani Group conglomerate.

The Street

Two Wall Street Powerhouses Hit by the Fall of Billionaire Adani's Empire

The two major U.S. institutional investors have exposure to the Adani Group conglomerate.

inkl Originals

The Weekly Wrap for Saturday, 4 February 2023

Asia's richest man has watched a quarter of his fortune evaporate in a week. An industrial empire is teetering. And it's all because of one teeny-weeny little memo.

France 24

Adani debacle threatens fallout on India's wider economy

This week, a major upheaval hit one of India’s top business empires. Adani Group has operations in everything from coal mining to telecoms. Its seven main units were recently worth an estimated $220 billion. But a blistering report by an American investor research firm accusing the conglomerate of massive fraud…

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