Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

The Latest Breaking News from Hindenburg

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

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

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

From analysis to the latest developments in health,
read the most diverse news in one place.

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

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 National (Scotland)

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

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

Read news from The Economist, FT, and more,
with one subscription

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

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 Independent UK

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

The Guardian - AU

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 Conversation

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."

Fortune

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.

WEKU

Get all your
news in one place.

100’s of premium titles.
One news app.

Al Jazeera

India opposition MPs seek Adani probe as group losses top $100bn

Opposition MPs call for parliamentary investigation after US-based short seller accuses Adani Group of fraud.

Bangkok Post

Adani losses top $100bn after fraud claims

MUMBAI: The business empire of under-fire Indian tycoon Gautam Adani has lost more than $100 billion in value over the past week as shares in several firms plunged again on Thursday, a day after the group cancelled a multi-billion-dollar public offering.

The Guardian - AU

Why has the Adani Group shed US$90bn in value and what do short sellers have to gain?

As Gautam Adani drops down the world’s rich list, here’s what we know about Hindenburg Research’s accusations and what they mean for the Indian conglomerate

Newslaundry

Adani scraps FPO as group stocks plummet. What's happening?

By now, you might have heard about the tanking shares of the Adani firms. And how Gautam Adani, who was recently the second richest man in the world, has now dropped to the 15th position in the Forbes’ list of the world’s wealthiest. All over a week.

Get all your
news in one place.

100’s of premium titles.
One news app.

The Independent UK

What is Hindenburg Research, firm accusing Adani of fraud?

Hindenburg Research is a financial research firm with an explosive name and a track record of sending the stock prices of its targets tumbling

Reuters

Indian regulator looking into $86 billion Adani share wipeout

India's market regulator is examining a rout in the shares of billionaire Gautam Adani's companies, a source with direct knowledge told Reuters, as the losses triggered by a scathing U.S. short-seller report ballooned on Wednesday to $86 billion.

Fortune

Who is Gautam Adani? Asia's richest man is losing billions, fast

A history of financial fraud accusations may be catching up to India's biggest industrialist.

The Guardian - AU

Gautam Adani falls out of world top 10 rich list as his companies’ shares slide

Abu Dhabi fund’s $400m investment in Indian group fails to stop fall in value after fraud allegations

The Independent UK

Adani $2.5B share sale pushes through amid fraud claims

The closely watched $2.5 billion share sale launched by Asia’s richest man, Gautam Adani, has been fully subscribed, bucking expectations after a turbulent week in which the conglomerate’s shares plunged in a tussle with a U.S. short-seller

The Independent UK

Richest Asian, Adani, targeted in $68B stock market rout

Asia’s richest man, Gautam Adani, has seen his companies shed $68 billion in market value in the past week after short-selling firm Hindenburg Research accused him of “pulling the largest con in corporate history.”

Bangkok Post

Adani shares tumble again amid fraud claims

MUMBAI: Investors dumped more Adani shares on Tuesday, deepening the carnage at India's biggest conglomerate which has already lost around $70 billion in value after allegations of "brazen" corporate fraud.

1 2 3 4 5

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

Bharatiya Janata Party

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.