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The Latest Breaking News from Gautam Adani

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

It's Clear Modi Govt Is Protecting Adani : Rahul Gandhi

Congress MP Rahul Gandhi on Wednesday claimed that Prime Minister Narendra Modi was protecting industrialist Gautam Adani, adding that he wasn't satisfied with the former's reply to the Motion of Thanks to the President's address in Parliament. Read further on Dynamite News:

Dynamite News

Rahul Gandhi Alleges Adani Helped PM Modi Construct 'Resurgent Gujarat'

Congress leader Rahul Gandhi on Tuesday attacked industrialist Gautam Adani alleging he helped Prime Minister Narendra Modi to construct the idea of a "resurgent Gujarat". Read Further on Dynamite News:

Dynamite News

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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’.

Al Jazeera

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.

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.

The Street

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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 Independent UK

Adani crashes and burns, accused of ‘biggest con in corporate history’

Is the meteoric decimation of the fossil fuel titan a gift to our environment, or does it unwind Adani’s much-needed climate action?

Crikey

What does Adani’s downfall tell us about the Indian economy?

Concerns over the billion-dollar company have put the spotlight on the relationship between Gautam Adani and Indian Prime Minister Narendra Modi.

Crikey

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.

The Street

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.

inkl Originals

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…

France 24

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Fortune

The Adani Group lost $118 billion in value in 10 days. Here’s how it happened in charts

Adani Group shares are in freefall following the release of a report from Hindenburg Research alleging stock manipulation and fraud.

Dynamite News

Budget Session: Both Houses Of Parliament Adjourned Till 6 February

Both Lok Sabha and Rajya Sabha have been adjourned till 11 am 6 February amid a ruckus over the Adani row. Read further on Dynamite News:

The Independent UK

Indian tycoon Adani hit by more losses, calls for probe

Losses for the troubled Adani Group, India’s second-largest conglomerate, have deepened as shares in its flagship company tumbled another 25%

The Guardian - AU

Adani crisis: Indian group has value cut in half after stock market rout

Traders sent shares down more than 25% on Friday despite attempts to restore investor confidence following fraud claims

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news in one place.

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Al Jazeera

India’s Adani’s losses swell above $100bn

India’s central bank is examining the exposure of banks to the group as its various firms continued to tank.

The Conversation

Short selling Adani: how an obscure US firm profited from triggering the Indian giant's price plunge

A few weeks ago, Gautam Adani was indisputably India’s richest man.

The Guardian - UK

Jo Johnson resigns as director of firm linked to Adani allegations

Former UK PM’s brother quits board of Elara Capital days after it was accused of using funds to manipulate share prices

Fortune

Boris Johnson's younger brother just resigned from an Adani-linked investment bank after a $100 billion stock rout amid claims of a shady offshore account

"I have consistently received assurances from Elara Capital that it is compliant with its legal obligations and in good standing with regulatory bodies."

The Street

Billionaire Gautam Adani Breaks Silence to Stop Collapse of His Empire

The Indian tycoon speaks out for the first time since his group faced accusations of fraud from New York short-seller Hindenburg Research.

WEKU

How Asia's ex-richest man lost nearly $50 billion in just over a week

Indian businessman Gautam Adani was a few billion dollars shy of Elon Musk. But he tumbled down the billionaires' list after a U.S. firm accused the Adani Group of pulling off an epic con.

The Independent UK

Share debacle a rare setback for Indian tycoon Adani

India's Gautam Adani was Asia's richest man when the U.S. short-selling firm Hindenburg Research put out a report last week alleging his businesses have engaged in fraud and stock price manipulation

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