In January 2023, the Gautam Adani-led group was accused of “brazen accounting fraud” and “stock manipulation” by Hindenburg’s report. The US short-seller Hindenburg Research produced…
View More Supreme Court to render decision in Adani Hindenburg case today
Problems for Adani are not taking a step back. Every day there is a new difficulty standing in front of Adani Group. On Wednesday, Adani had to call off his FPO for the sake of his investors. He also published a video giving a message to his investors regarding the same.One more piece of bad news has now come the way of Gautam Adani. Adani Enterprise has been removed from Dow Jones Sustainability Index. This decision was taken due to the continuous fall of Adani Enterprise Shares. Also, this decision was taken keeping in mind the allegations of stock laundering and accounting fraud published in the Hindenburg report. This news has directly affected the shares of Adani Enterprise Shares. On Friday, Adani enterprises shares fell by 30% constituting a total 83% fall in the last three days. Not only this Adani has jumped to the 22nd position among the richest people in the world. The situation for Adani is getting worst. People are urging SEBI to look into the matter. This is taking away
View More Adani Enterprise Shares Fall by 83 percent in just 3 Days
It is hardly a month back when Gautam Adani was listed among top richest people in the world, leaving behind Mukesh Ambani. Adani Group chairperson and the one who was Asia’s richest person Gautam Adani is out of the top 10 global billionaires list as he has lost around $8 billion in net worth. Adani’s net worth stands at $84.4 billion at the time of writing this story and he was ranked at the 11th spot on the Bloomberg Billionaires’ Index. Also Read: Odisha Health Minister Shot, Badly injuredIf talking about the reports, the reports here says that the stock price of seven listed companies of the group went up by an average of 819 per cent over a period of three years.Billionaires Index also showed that Adani lost over $11 billion and his net worth hit $85.4 billion. But, as per this index, Adani is at the eighth spot on the top 10 list of global billionaires. Watch : OTTIndia updates you with the latest news, Country’s no.1 digital news platform OTTIndia, Keeps you updated w
View More Gautam Adani now not among the Top 5 Richest men in the World
Over 130-day-long protest by fisherfolk against the under-construction Vizhinjam sea port was on Tuesday called off for now. The calling off of the agitation was announced by Vicar General Eugene Pereira, who has been seen at the forefront of the protests.While talking to the media he said, “protest was not being called off because they were satisfied with the steps taken or promises made by the state government. It was being called off as the protest has reached a certain stage and if required, they will take it up again.”Also read : Launch of Another Vande Bharat Express : Secunderabad to Vijayawada Vande Bharat Express.A day ago, leaders of various religious groups in Kerala had met with the fisherfolk protesting against the under-construction Adani port as part of the ongoing efforts to bring peace in the area which witnessed violent agitations recently. A large number of people have been staging demonstrations outside the main entrance of the multi-purpose seaport at nearby Mul
View More 130 day long protest against Adani sea port called off.