The Adani Group, led by Indian businessman Gautam Adani, failed to succeed in buying energy sector company DB Power for Rs 7,017 crore on Wednesday. According to the Times of India report, Adani Power, an Adani Group company, signed the documents related to the purchase of this company on August 18 last year. The deal … Read more
London-based investment firm Elara Capital is reported to have connections to the Adani Group, and the Indian conglomerate itself is being watched by the Financial Conduct Authority (FCA) in the UK, Financial News reports. Although the allegations mainly focus on group companies outside the UK, the FCA is investigating possible UK connections around Elara, according … Read more
Shares of Adani Group companies fell sharply on Wednesday morning after activist investment firm Hindenburg Research revealed a short position against the conglomerate while accusing companies owned by the world’s third-richest person Gautam Adani of fraud. However, social media users alleged that the CIA is behind this research. In a report revealing its short position, … Read more
