Indian mining magnate Gautam Adani has slipped out of the top 10 of the world’s richest people after a horror few days for his company. In the past week, Mr Adani has watched on as his empire plunged by more than $US70 billion ($A99 million) in market value amid aContinue Reading
Multi-billion dollar mining conglomerate Adani Group has released a desperate 413-page document as it scrambles to salvage its sinking share price. Last week, US activist short-seller investment group Hindenburg Research released a bombshell report that accused the Adani corporation of carrying out fraud for years on end. The public’s reactionContinue Reading
Asia’s richest man has 50 billion problems that didn’t exist three days ago. In the past 72 hours, Indian mining magnate Gautam Adani has watched on his empire plunged by US$50 billion (A$70 billion) in market value. On Wednesday Australian time, US activist investment group Hindenburg Research released a bombshellContinue Reading
Adani – the company behind Australia’s most controversial mine – is facing a stock market bloodbath after it was accused of pulling off “the largest con in corporate history”. The firm run by billionaire Gautam Adani – the founder and chairman of India’s $US218 billion Adani Group, and previously theContinue Reading