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The Latest Breaking News from Gautam Adani

Gautam Adani, Narendra Modi and India’s new brand of capitalism

He may be in a spot of bother, but the ties that bind the influential businessman and the prime minister are strong — and beneficial to both.

Crikey

The Adani Crisis Is Exactly What India Needs

The scandal may rattle India’s elite just enough to jump-start long-neglected reforms.

Foreign Policy

India's troubled Adani invests in bankrupt Sri Lanka

Colombo (AFP) - Cash-strapped Sri Lanka on Thursday announced its first major foreign investment since it declared bankruptcy, approving a $442 million wind power project by India's scandal-hit Adani group.

AFP

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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

George Soros sets India’s right-wing on fire – for all the wrong reasons

Indian social media was in uproar over the weekend. The latest enemy was not a Bollywood movie that offended prudish sensibilities, nor that trusted staple for outrage, Pakistan. Instead, right-wing supporters of the Modi government went after George Soros, the billionaire philanthropist and pro-democracy activist.

Newslaundry

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‘Brazen cronyism’: All eyes on Modi following explosive Adani allegations

A handful of carefully worded sentences in an explosive report slamming Adani have sparked a firestorm for the Modi government.

Crikey

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

How India's scandal-hit Adani Group hushes critics

New Delhi (AFP) - Independent Indian journalist Paranjoy Guha Thakurta is being sued by tycoon Gautam Adani's business empire in six different courts -- and he is not allowed to speak about the conglomerate or its owner.

AFP

India's BJP slams Soros for saying Adani's troubles will weaken Modi

NEW DELHI - Prime Minister Narendra Modi's party accused billionaire financier-philanthropist George Soros of trying to undermine India's democracy on Friday by predicting that the Adani group's woes would loosen the Hindu nationalist leader's grip on power.

Reuters

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

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

Adani says no refinancing, liquidity issues in bid to calm jittery investors

(This Feb. 14 story has been corrected to fix IHC's response in the last paragraph, spelling of Hindenburg in paragraph 3)

Reuters

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The Street

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.

Dynamite News

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:

The National (Scotland)

Scots firm's huge investment in coal giant accused of fraud revealed

AN Edinburgh investment company which markets itself as sustainable and sponsors major cultural events in Scotland holds £50 million worth of bonds…

The Independent UK

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

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news in one place.

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The Street

Elon Musk May Soon Reclaim Title of World's Richest Person

Separating the Tesla CEO and first place in the wealth standings is just $3 billion.

Al Jazeera

The Adani cloud over India

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

AFP

US stocks fall again as British pound advances

New York (AFP) - Wall Street stocks fell for a second session Thursday with analysts pointing to consolidation of earlier gains in 2023, while the British pound rallied as the Bank of England chief expressed worry over inflation.

AFP

Stocks advance as traders track earnings, takeover talk

London (AFP) - Major stock markets pushed higher Thursday as traders toasted some strong earnings as well as takeover talk, offsetting concerns about the need for more interest-rate hikes to cool strong inflation.

AFP

Adani's links to foreign firms

Paris (AFP) - The troubled business empire of Indian tycoon Gautam Adani has links to foreign firms in a broad range of sectors including banking, energy and food.

Reuters

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.

AFP

Stocks rally as traders track earnings, takeover talk

London (AFP) - Major stock markets rallied Thursday as traders toasted some strong earnings as well as takeover talk, offsetting concerns about the need for more interest-rate hikes to cool strong inflation.

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