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The Latest Breaking News from Gautam Adani

India's top court orders probe of Adani business group

India’s top court has ordered an investigation into any regulatory failures related to the Adani Group after the conglomerate's shares plunged due to allegations of wrongdoing by a U.S. short-selling firm

The Independent UK

Modi government green-lit ‘inappropriate’ Adani coal deals

A damning investigation that shows a legal loophole let Gautam Adani keep mining despite a Supreme Court ruling is the latest headache for the billionaire tycoon.

Crikey

Modi govt allowed Adani coal deals it knew were ‘inappropriate’

The Modi govt brought in laws that helped the Adani Group keep its ‘coal-scam era’ deals.

Al Jazeera

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Elon Musk Climbs Back to the Top of the World

Tesla CEO Becomes World's Richest Man Again.

The Street

Billionaire Adani's Empire Loses $154 Billion in a Month

Adani Group is on a roadshow to reassure international investors after the short-seller Hindenburg Research launched allegations of fraud.

The Street

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

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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

‘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

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

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Bangkok Post

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…

The Guardian - UK

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

Reuters

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)

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.

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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

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.

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.

Dynamite News

Adani Row: SC To Hear Petition Seeking Probe Into Hindenburg Research Report

Supreme Court will hear on Friday a plea seeking a direction to the Centre to constitute a committee to investigate the Hindenburg Research report on Adani Group. Read further on Dynamite News:

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