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The Latest Breaking News from Gautam Adani

India's Congress lawmakers wear black to protest Rahul Gandhi's dismissal

Lawmakers belonging to India's main opposition Congress party wore black outfits, held placards that said "Save Democracy" and threw paper in parliament on Monday in protest against the disqualification of their leader Rahul Gandhi from the chambers.

Reuters

Opposition disrupts Indian Parliament after Gandhi's ouster

Members of opposition parties dressed in black disrupted India's Parliament and protested in the capital after Rahul Gandhi, a key opposition leader and fierce critic of Prime Minister Narendra Modi, was expelled from the legislature last week

The Independent UK

Congress MPs to protest in black clothes in Parliament against Rahul Gandhi's disqualification, Adani issue

Congress leaders will step up their protest against the Centre on Monday over the Adani issue and disqualification of Rahul Gandhi as MP from Lok Sabha wearing black clothes, party sources said on Sunday. read further on Dynamite News:

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Congress leader Rahul Gandhi updates Twitter account bio

Congress leader Rahul Gandhi on Sunday updated his Twitter account bio to 'Dis'Qualified MP' after he was disqualified as a Member of Parliament following the Surat court order convicting him in a criminal defamation case over his 'Modi surname' remark. Read further on Dynamite News:

Dynamite News

India's Rahul Gandhi says he won't stop asking Modi questions

Indian opposition leader Rahul Gandhi said on Saturday he had been disqualified from parliament because he has been asking Prime Minister Narendra Modi tough questions about his relationship with Gautam Adani, founder of the Adani conglomerate.

Reuters

India's Rahul Gandhi accuses PM Modi of favoring Adani Group

India’s top opposition leader Rahul Gandhi says he was expelled from Parliament because he has raised serious questions about Prime Minister Narendra Modi's relationship with the business conglomerate Adani Group

The Independent UK

Raul Gandhi expelled from Indian parliament

NEW DELHI: Top opposition figure Rahul Gandhi was expelled from India’s parliament on Friday, a day after his defamation conviction for a remark seen as an insult against Prime Minister Narendra Modi.

Bangkok Post

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Jack Dorsey's Block is the latest company targeted by a notorious short-seller

The short-seller put out an accompanying report, alleging that Block's Cash App has inflated user counts and consorted with criminals.

Fortune

'Is everyone in BJP a brother of Raja Harishchandra?' asks Telangana IT Minister KTR

Telangana IT Minister and BRS working president KT Rama Rao (KTR) on Thursday hit out against the BJP led central government and PM Modi. Read further on Dynamite News:

Dynamite News

American investment fund led by the anti-Cathie Wood rides to the rescue of Indian tycoon accused of fraud

Star fund manager Rajiv Jain invested $1.9 billion in Gautam Adani's industrial conglomerate, just when the beleaguered business magnate needed it the most.

Fortune

India's top court orders probe of Adani business group

India’s top court has ordered an investigation into any regulatory failures related to the Adani Group after the conglomerate's shares plunged due to allegations of wrongdoing by a U.S. short-selling firm

The Independent UK

Modi govt allowed Adani coal deals it knew were ‘inappropriate’

The Modi govt brought in laws that helped the Adani Group keep its ‘coal-scam era’ deals.

Al Jazeera

The Adani Crisis Is Exactly What India Needs

The scandal may rattle India’s elite just enough to jump-start long-neglected reforms.

Foreign Policy

India's foreign minister blasts George Soros as 'old, rich, opinionated and dangerous' after billionaire says Adani debacle would weaken PM Modi

Subrahmanyam Jaishankar said that George Soros believed his definitions and perceptions were above others and held a typical "Euro-Atlantic view" of the world.

Fortune

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Bangkok Post

India's oligarchs under Modi facing a crisis

Over the past two decades, Indian multi-billionaire Gautam Adani's close ties to Prime Minister Narendra Modi have helped the Gujarati businessman become Asia's wealthiest person. Mr Adani's meteoric rise also made him the poster boy for India's growth story -- until allegations of fraud and stock manipulation brought his eponymous…

Newslaundry

George Soros sets India’s right-wing on fire – for all the wrong reasons

Indian social media was in uproar over the weekend. The latest enemy was not a Bollywood movie that offended prudish sensibilities, nor that trusted staple for outrage, Pakistan. Instead, right-wing supporters of the Modi government went after George Soros, the billionaire philanthropist and pro-democracy activist.

Reuters

India's BJP slams Soros for saying Adani's troubles will weaken Modi

NEW DELHI - Prime Minister Narendra Modi's party accused billionaire financier-philanthropist George Soros of trying to undermine India's democracy on Friday by predicting that the Adani group's woes would loosen the Hindu nationalist leader's grip on power.

Bangkok Post

Unmasking India's crony capitalist oligarchy

The recent accounting fraud and stock manipulation allegations against multi-billionaire Gautam Adani made by Hindenburg Research, a New York-based short-selling firm, has startled the financial world. The episode is a necessary reality check for those who are expecting India's star to burn brighter in the global economic firmament as China's…

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The Guardian - UK

Could trouble for Adani trip up Narendra Modi?

Repercussions from Hindenburg report reach into political sphere as spotlight falls on tight-knit relationship between India’s prime minister and the billionaire

Reuters

Adani says no refinancing, liquidity issues in bid to calm jittery investors

(This Feb. 14 story has been corrected to fix IHC's response in the last paragraph, spelling of Hindenburg in paragraph 3)

Dynamite News

Budget Session: Kharge Calls Opposition Meeting Tomorrow To Chalk Out Floor Strategy

Congress president and Leader of Opposition in Rajya Sabha Mallikarjun Kharge has called a meeting of "like-minded" opposition parties on Monday. Read further on Dynamite News:

The National (Scotland)

Scots firm's huge investment in coal giant accused of fraud revealed

AN Edinburgh investment company which markets itself as sustainable and sponsors major cultural events in Scotland holds £50 million worth of bonds…

The Independent UK

India’s top court calls for expert panel to examine fallout of Adani Group fraud allegations

India’s finance minister says Indian regulators are working to protect investor interests

Al Jazeera

The Adani cloud over India

The recent set of allegations have raised questions about the tycoon’s meteoric rise and the role of regulators.

Reuters

Adani faces fresh risk as MSCI examines free float of its stocks

India's Adani Group faced fresh concerns on Thursday after financial index provider MSCI said it was reviewing the free float designation of some of its companies' securities.

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