Hindenburg Research, the firm known for its short-selling reports, is shutting down. Founder Nate Anderson made the announcement Wednesday. The firm’s research led to significant financial losses for Indian billionaire Gautam Adani and his companies. Anderson said the closure was planned after finishing their current projects. “As I’ve shared with family, friends and our team … Read more
Individual stock holdings in eight of the group’s 10 listed companies rose between December 2022 and September-end this year, according to quarterly shareholding data compiled by Bloomberg. This likely left retail investors exposed to last week’s $30 billion selloff in those shares after US charged Gautam Adani with helping drive a $250 million bribery scheme. … Read more
Perni Venkataramaiah (Nani) argued that Jagan Mohan Reddy agreed to buy power at a cheaper rate than CM Naidu from the SECI. File | Photo Credit: The Hindu YSR Congress Party (YSRCP) leader Perni Venkataramaiah (Nani) has said a misinformation campaign is going on against party president and former Chief Minister Y.S. Jagan Mohan Reddy with regard … Read more
The BJD which was in power in Odisha from 2000 till June 2024, on Friday, said the allegations that state government officials took bribes from the Adani Group for the supply of renewable energy to the state from the central pool, are “false and not based on fact”. Adani, India’s second-richest man, and seven others, … Read more
Quant mutual fund (MF) would possibly facing the most significant impact among mutual fund houses due to the recent decline in Adani group shares on Thursday. With assets worth over Rs 1 lakh crore under management, Quant MF had the highest exposure to the Adani Group stocks compared to other larger fund houses. According to … Read more
Adani Group Chairperson Gautam Adani. File photo | Photo Credit: PTI Gautam Adani, the billionaire chair of Indian conglomerate Adani Group and one of the world’s richest people, has been indicted in New York over his role in an alleged multibillion-dollar bribery and fraud scheme, according to U.S. prosecutors. Authorities said Mr. Adani and seven … Read more
The Adani Group-owned Mundra Port in Mundra in January 2024. | Photo Credit: AFP Billionaire Gautam Adani on Wednesday (November 13, 2024) committed to investing $10 billion in energy and infrastructure projects in the United States. “Congratulations to @realDonaldTrump,” he posted on X. “As the partnership between India and the United States deepens, the Adani … Read more
The head of India’s markets regulator, Madhabi Puri Buch, continued to earn revenue from a consultancy firm during her seven-year tenure, potentially breaching rules for regulatory officials, according to public documents reviewed by Reuters. Hindenburg Research has alleged a conflict of interest in Buch’s investigations surrounding the Adani Group due to her previous investments. The … Read more
Gautam Adani. File. | Photo Credit: Reuters Adani Group chairman Gautam Adani, 62, plans to step down at the age of 70 and shift control to his sons and their cousins in the early 2030s, he told Bloomberg News. When Mr. Gautam retires, his four heirs – sons Karan and Jeet, and their cousins Pranav … Read more
Shares of FMCG firm Adani Wilmar jumped 6.4% to Rs 370.7 in Friday’s intraday trade on BSE after billionaire Gautam Adani‘s flagship entity Adani Enterprises on Thursday approved the demerger of the company’s food FMCG business to Adani Wilmar. “It is believed that the proposed demerger will unlock the direct value of the demerged company’s … Read more