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The Congress party has accused the Adani Group and the Indian government of a lack of concern over the alleged involvement of Chinese national Chang Chung-Ling in the conglomerate’s activities, and his potential involvement in important defence contracts. The Congress party has accused the Adani Group and the Indian government of a lack of concern … Read more
The Supreme Court, while listening to the requests related to Hindanberg’s report on the Adani group, has ordered that a committee investigate the entire case. At the same time, the Supreme Court has also asked the SEBI to present the report in two months while continuing with the investigation of this case. The committee that … Read more
The Modi-led central government bestowed an extraordinary favour on the Adani Group headed by Gautam Adani, boosting its coal business, documents revealed. Adani’s coal business new rise An investigation by The Reporters’ Collective, published by Al Jazeera, cites documents revealing that PM Narendra Modi’s government allowed Adani Enterprises Limited to mine from a block containing more … Read more
After the Hindenburg report related to the companies of Indian businessman Gautam Adani came to light, the shares of his companies in India are continuously falling, its effect is also visible in Australia. Hindenburg affected Australian investors According to a report in The Telegraph, Australian investors who invested in Adani’s companies thinking they were investing … Read more
Adani group companies developer to prepay $1.11 billion in loans ahead of maturity and release pledged shares in three companies amid a collapse in group shares following a report by US short-seller Hindenburg Research alleging fraud and manipulation against the promoter. The promoters of Adani Group are repaying the loan before the due date. The … Read more
The Adani Group has accused Hindenburg Research of failing to conduct proper research and of “copying and pasting” the company’s disclosures. Adani Group CFO Jugeshinder Singh said that they either did not do a proper investigation or did a proper investigation but misled the public. The Securities and Exchange Board of India (SEBI) may claim … Read more
Most shares of Adani Group fell sharply on Monday as the Indian conglomerate’s rebuttal of criticism by an American short seller failed to appease investors, deepening a market slide that has now led to losses of $65 billion in value of group shares. Asia’s richest man Gautam Adani, the Indian group clashed with Hindenburg Research … Read more
Back-to-back responses from the Adani Group with strong statements criticizing the Hindenburg report as malicious have failed to stem its stock market slide. However, Adani Enterprises, which launched its follow-on public offering (FPO) on Friday, and Adani Total Gas are audited by Shah Dhandharia & Co. In its 106-page report, Hindenburg claimed that a small … Read more
Gautam Adani has slipped to seventh on Forbes’ real-time list of the world’s richest people, as the Adani Group companies have lost a combined market capitalization of $48 billion since Wednesday following the report of Hindenburg Research. According to the Forbes Real Times Billionaires Index, Adani’s wealth plummeted by more than $22.5 billion to $96.8 … Read more
Hindenburg Research, a well-known short seller in the United States, disclosed short positions in the Adani Group on Wednesday, accusing the conglomerate of the improperly broad use of companies based in offshore tax havens and raising concerns about excessive debt levels. What the Hindenburg report says The firm published a research paper titled ‘Adani Group: … Read more
