The Latest Breaking News from Adani Enterprises

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

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.”

Concerns raised by the US-based short-seller sent shares of Adani Group’s listed firms tumbling, eroding $11bn.

Hindenburg Research says world’s third-richest person, Gautam Adani, is pulling ‘largest con in corporate history’

Shares of Adani Group companies plummeted after its founder was accused of “pulling the largest con in corporate history.”

The long read: In a pristine forest in central India, the multibillion-dollar mining giant Adani has razed trees – and homes – to dig more coal. How does this kind of destruction get the go-ahead?

Asia’s richest man, coal magnate Gautam Adani, made his vast fortune betting on coal as an energy hungry India grew swiftly after its economy was liberalized in the 1990s

Gautam Adani says his push into the news media, including his acquisition of NDTV, is a “responsibility” rather than a business opportunity. In an interview with the British newspaper Financial Times, the Indian billionaire also claims that he had invited NDTV founder Prannoy Roy to remain as the network’s chair. 

The Ganga Expressway in Uttar Pradesh will connect Meerut with Prayagraj