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The Latest Breaking News from Gautam Adani

Richest Asian, Adani, targeted in $68B stock market rout

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.”

The Independent UK

Gautam Adani clings to position as world's richest Asian after Hindenburg report

The Adani stock rout is so bad that it's even knocked India out of the world's top five largest equity markets.

Fortune

Adani shares tumble again amid fraud claims

MUMBAI: Investors dumped more Adani shares on Tuesday, deepening the carnage at India's biggest conglomerate which has already lost around $70 billion in value after allegations of "brazen" corporate fraud.

Bangkok Post

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Adani accuses short-seller Hindenburg of attacking India

India’s Adani Group, run by Asia’s richest man, has hit back at a report from U_S_-based short-seller Hindenburg Research, calling it “malicious”, “baseless” and full of “selective misinformation.”

The Independent UK

Women's Premier League bids sees India hit cricket's future into the stratosphere

As the battle for emerging athletes grows ever hotter, India's latest push to grow women's cricket appears to be a winner, writes Tracey Holmes.

ABC News

Adani Group considering legal action over fraud allegations as shares plunge up to 20 per cent

Some Adani companies are suspended as heavy selling of Adani-linked shares continues to wipe billions of dollars' worth of market value.

ABC News

Adani Group mulls suing US short-seller for fraud claims

India’s Adani Group has launched a share offering for retail investors and says it is considering legal action against U.S.-based short-selling firm Hindenburg Research for allegations of stock market manipulation and accounting fraud that caused heavy selling of its stocks this week

The Independent UK

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Afternoon Update: US investor dares Adani to sue over report; NBL pride jersey controversy; and a February events guide

US activist investor who accused Adani of ‘biggest con in corporate history’ dares Indian group to sue

The Guardian - AU

Hindenburg shorts India’s Adani citing debt, accounting concerns

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

Al Jazeera

One of Wall Street’s most feared short-selling research firms just accused Asia’s richest man of a multibillion-dollar fraud

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

Fortune

India's Adani Group shares plunge, hit by short-seller

India's Adani Group has protested allegations by short-selling firm Hindenburg Research that caused shares in its companies to plunge by as much as 8%

The Independent UK

Asia’s richest man battles fraud allegations

Shares in Adani Group companies fell on Wednesday after a US fund said it was shorting the Indian conglomerate’s stocks and accused companies owned by Asia’s richest man of “brazen” market manipulation and accounting fraud.

Bangkok Post

Oxfam echoes Bill Gates in calling for new taxes on the rich with ‘billionaire-busting policies’

More than 700 billionaires live in the United States.

Fortune

TV Newsance 198: When Gautam Adani met Rajat Sharma and Kashmir Files drama

Why do billionaires buy media? This week, we look at the age-old tradition of rich men and women buying and investing in the media to gain influence – Gautam Adani is only the most recent of rich Indian industrialists to have a channel of his own. Over the past few…

Newslaundry

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Dynamite News

Adani Group Completes Majority Acquisition Of NDTV

The Adani Group on Friday said it had acquired 27.26 per cent equity stake in NDTV from the promoters -- Prannoy Roy and Radhika Roy -- indicating that the group had acquired the majority stake in the media firm. Read on ford details:

Newslaundry

From 2022 to 2023: An NDTV without the Roys

At 4 pm on December 23, a meeting took place in a building in Greater Kailash 1, Delhi.

Newslaundry

NDTV will be independent, with clear ‘lakshman rekha’ between management, editorial: Adani on India Today

“NDTV will be a credible, independent, global network with a clear lakshman rekha between management and editorial,” said Adani Group owner Gautam Adani, in his first television interview since his conglomerate acquired NDTV.

Al Jazeera

Why do the rich get richer — even during global crises?

Every 30 hours, the pandemic spawned a new billionaire, while pushing a million people into poverty. Here’s why.

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Fortune

Mackenzie Scott wasn't the only one giving away her fortune in 2022

From Mackenzie Scott to her ex-husband Jeff Bezos, here are the people who have committed billions to charity in 2022

Newslaundry

Prannoy, Radhika Roy to sell most of their NDTV shares to Adani

Days after the Adani Group became the largest shareholder in NDTV, the network’s founders Prannoy Roy and his wife Radhika Roy have said that they will sell 27.26 percent of their remaining 32.26 percent shareholding to the conglomerate.

The Guardian - UK

‘It was a set-up, we were fooled’: the coal mine that ate an Indian village

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?

Newslaundry

In rare reports on the Adani empire, a reminder of independent media’s significance

Few would have heard the name of TV journalist Govind Wakade. He works for TV18 and is based in Pune.

Radio France Internationale

Asia's richest man wants India to lead a green energy revolution

India's Gautam Adani, the richest man in Asia, made his vast fortune betting on coal. Now he's aiming to become the world's top player in renewables by 2030 and to make his country a clean energy superpower.

Newslaundry

How Kerala and Delhi media covered the protest against Adani’s Vizhinjam port project

After four and a half months, Kerala’s fisherfolk on Wednesday “temporarily halted” their protest against the expansion of the Vizhinjam port in Thiruvananthapuram. The fisherfolk fear the Rs 7,525-crore project, controversially awarded to a Gautam Adani company by the previous Congress-led state government in 2015, will ruin their ecology, livelihoods…

Reuters

Adani's $900 million Indian port build restarts as villagers end protest

Construction on a $900 million port in Kerala, southern India resumed on Thursday after protesters from a mainly Christian fishing village ended a blockade of the Adani Group site.

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