NEW DELHI: Adani Group has denied the reports of cancellation of power purchase deal with Sri Lanka and called it “false and misleading”. It categorically mentioned that the projects were still on amid US indictment. “Reports that Adani’s 484 MW wind power projects in Mannar and Pooneryn have been cancelled are false and misleading. We…
On November 21, US authorities indicted Gautam Adani and associates, alleging payment of bribes. Gautam Adani-led Adani Group has hired prominent US law firms, including Kirkland & Ellis and Quinn Emanuel Urquhart & Sullivan LLP, to handle civil and criminal proceedings initiated by the SEC and the Eastern District of New York, sources told ET….
MUMBAI: Hindenburg Research, the US-based short-seller whose reports had shaved off about $140 billion from Adani Group‘s market valuation in early 2023, pushed the Indian govt and markets regulator Sebi on the backfoot, and left Indian investors divided whether to support it or oppose, is winding down. Calling Adani’s businesses “the largest con in corporate…
NEW DELHI: On the day Hindenburg announced its closure, BJP hit out at Rahul Gandhi and asked him if he will now acquire the franchise to run the short-seller’s ‘shop’ which ‘works in sync’ with Congress to destabilise India.“Rahul Gandhi is in the complete grip of urban Naxals’ thinking process. Now that Hindenburg is closing…
Nate Anderson, declared the official disbandment of Hindenburg Research on January 15. Hindenburg Research shut down: Soon after Hindenburg Research founder announced that the firm would disband in the near future, Adani Group CFO has shared a cryptic post on social media platform X (formerly Twitter).In a post which could be seen as a reaction…
Hindenburg rose to international prominence after publishing damaging reports about Indian industrialist Gautam Adani. Hindenburg Research shuts down: Nate Anderson, founder of the U.S.-based investment research firm Hindenburg Research, announced on January 15 the closure of his company, which was well-known for its aggressive short-selling tactics.The firm rose to international prominence after publishing damaging reports…
US-based investment research firm Hindenburg Research, known for its explosive short-selling reports, is shutting down. The announcement was made by its founder, Nate Anderson, on Wednesday, marking the end of a company that shook financial empires and wiped billions off market valuations.“As I’ve shared with family, friends, and our team since late last year, I…
Adani Group chairman Gautam Adani has offered a humorous take on the much-debated subject of work-life balance that has been raging on in the Indian corporate world. Insisting that enjoying one’s work is essential to achieving work-life balance, Adani quipped in a media interview, “Aath ghanta family ke saath bitayega toh biwi bhaag jaayegi (Wife…
NEW DELHI: The Adani Group, that operates airports in seven cities including Mumbai and is building a greenfield one at Navi Mumbai, is expanding its presence in the aviation space. It is acquiring India’s biggest private sector MRI (maintenance, repair & overhaul) player Air Works for an enterprise value of Rs 400 crore. Adani Defence…
Reliance chairman Mukesh Ambani and Adani Group founder Gautam Adani are facing multiple threats that are hitting their businesses – and their immense personal wealth. Both Ambani and Adani have tumbled out of the elite centibillionaires club – people with fortunes above $100 billion.Ambani’s energy and retail businesses have been underperforming amid rising investor concern…
