US firm stands by report, says will demand documents in legal battle
If Hindenburg is right, then a network of shadowy operators has placed itself right in the middle of those conflicting impulses
Hindenburg Research: The name is based on the Hindenburg disaster of 1937, when a German passenger airship caught fire, killing 35 people
In an approximately 100-page report, Hindenburg Research alleges a web of Adani-family controlled offshore shell entities in tax havens, in the Caribbean, Mauritius and the United Arab Emirates
Adani group questions report's timing, calls it malicious
Seven listed entities suffer a cumulative Rs 85,761 crore erosion in market value
Hindenburg Research said that it was shorting Adani group's stocks and accused the firms of 'brazen' market manipulation and accounting fraud
Adani rocketed up the Bloomberg Billionaire's Index last year past the likes of Bill Gates and Warren Buffett
The seven listed companies of the Adani group, which is controlled by world's third richest man Gautam Adani, have an 85% downside on a fundamental basis due to sky-high valuations
The net worth of Gautam Adani, the chairman of Indian conglomerate Adani Group, now stands at $120 billion while Jeff Bezos net worth rose to $121 billion
AEL will be investing $70 billion in incubating new businesses and at the group level we will be investing close to $107 billion in the next decade, Singh says
The FPO is targeted to create wealth for the retail shareholders, says Gautam Adani
Asia's richest man Gautam Adani, besides looking at opportunities to expand his vast empire, is hooked on ChatGPT - the programme that trawls vast amounts of information to generate natural-sounding text on virtually anything - from crafting jokes to writing ad copy, debugging computer code, to even generating poems and essays. Adani, whose conglomerate has in recent years diversified from mines, ports and power plants into airports, data centres and defence, penned musing from his visit to Davos to attend the World Economic Forum meeting. "From a meetings perspective, this was perhaps my busiest WEF as I met over a dozen heads of states and several business leaders," he wrote on LinkedIn, talking of new geopolitical couplings, climate change and tight-lipped evangelists and AI. Advancements in AI, or generative AI, was the buzzword at all the discussions at the WEF. "The recent release of ChatGPT (I must admit to some addiction since I started using it) is a transformational momen
Countries seeking their own form of self-reliance, says billionaire in reference to India's Atmanirbharta campaign of economic independence
Pricing at a discount but shorting the stock ahead of the FPO won't be as straightforward
The share sale 'allows us to increase the participation of the Indian public. Every household of rural India can invest in it'
The company has set a price band of Rs 3,112-Rs 3,276 per share for its Rs 20,000-crore follow-on public offering (FPO), that opens for subscription on January 27.
In a rare move for a follow-on sale, Asia's richest man will allow retail investors to pay for their purchases in tranches
The company is tapping industry opportunities, such as green hydrogen, the aviation sector and data centers
"Restoring ecosystems, reversing loss of biodiversity, and reducing soil erosion are all essential for building a greener world," Gautam Adani said