The Latest Breaking News from Gautam Adani

Facing a volley of allegations linked to the Adani Group controversy during the stormy budget session, Prime Minister Narendra Modi on Wednesday hit back at the opposition’s charges. But did he?

Congress MP Rahul Gandhi on Wednesday claimed that Prime Minister Narendra Modi was protecting industrialist Gautam Adani, adding that he wasn't satisfied with the former's reply to the Motion of Thanks to the President's address in Parliament. Read further on Dynamite News:

This week, a major upheaval hit one of India’s top business empires. Adani Group has operations in everything from coal mining to telecoms. Its seven main units were recently worth an estimated $220 billion. But a blistering report by an American investor research firm accusing the conglomerate of massive fraud…

Adani Group shares are in freefall following the release of a report from Hindenburg Research alleging stock manipulation and fraud.

Both Lok Sabha and Rajya Sabha have been adjourned till 11 am 6 February amid a ruckus over the Adani row. Read further on Dynamite News:

Losses for the troubled Adani Group, India’s second-largest conglomerate, have deepened as shares in its flagship company tumbled another 25%

Traders sent shares down more than 25% on Friday despite attempts to restore investor confidence following fraud claims

India’s central bank is examining the exposure of banks to the group as its various firms continued to tank.

A few weeks ago, Gautam Adani was indisputably India’s richest man.