Adani Group

Carvana Co's (NYSE:CVNA) stock is up over 8.4% at last check Thursday, bringing its price to over $232 a share. Just two weeks ago, the used car retailer was reeling from accusations of fraudulent accounting, thanks to a scathing report from short-seller Hindenburg Research. Today, its share price...

Billionaire and chair of the Indian conglomerate Adani Group, Gautam Adani, was indicted in the U.S. on Wednesday for an alleged scheme to pay hundreds of millions of dollars in bribes and concealing the scheme from American investors.  The Details: According to a report from the New York Post,...

This story was first published on the Benzinga India portal. India's Adani Group, spearheaded by Indian tycoon Gautam Adani, is poised to secure a hefty investment from the United States for a strategic port project in Sri Lanka, a move seen as an attempt to counter...

On Saturday, India’s Adani Group, led by billionaire Gautam Adani, received final approval to commence the redevelopment of Dharavi, one of Asia’s largest slums located in the heart of Mumbai, Bloomberg reports. What Happened: The Mumbai Metropolitan Region Development Authority, which...

Short seller Hindenburg Research late on Wednesday hinted at yet another big report about possible corporate fraud. What Happened: Hindenburg, on its Twitter handle, posted: "New report soon—another big one," driving up the curiosity factor for thousands of online users....

New information has come to light pertaining to accusations made against Indian Billionaire Gautam Adani by short-seller group Hindenburg Research. In late January, Hindenburg published an in-depth research report accusing Adani, the head of Indian conglomerate Adani Group, of executing the "...

Despite the recent rout in the Adani Group of companies’ stock after the US-based Hindenburg Research report, the Indian conglomerate's listed firms retain their astronomical valuation. What Happened: Based on the traditional stock-market measures, about five of the group's seven core listed...

Indonesian President Joko Widodo, on Monday, called on the country’s financial regulator to increase oversight of the capital markets after the recent crisis at the Adani Group in India. What Happened: While speaking at the annual financial services authority meeting, Widodo said that India's...

Indian billionaire Gautam Adani has seen his wealth tumble in 2023 on the heels of a short report from Hindenburg Research. Here’s a look at his current wealth and how his loss compares to several other notable billionaires in recent history. What Happened: Short seller Hindenburg Research...

Indian conglomerate Adani Group’s flagship company Adani Enterprises has called off its $2.5 billion share sale, also known as a follow-on public offer, according to a statement issued by the firm to exchanges on Wednesday. What Happened: The board decided not to go ahead...

Hindenburg Research LLC is a short seller known for exposing fraud. Currently, it is in the news for its scathing report on India’s Adani Group, accusing it of stock manipulation and accounting fraud. The Nathan Anderson-founded company sniffs out accounting regularities, iffy...

Billionaire investor Bill Ackman was all praise for U.S. short-seller Hindenburg Research’s report on Indian conglomerate Adani Group, calling it "highly credible" and "extremely well researched." Hindenburg’s report on Wednesday...

The world’s biggest wealth gainer of this year and Asia's richest man — India’s Gautam Adani — is looking to raise at least $10 billion to fund the expansion of his conglomerate in clean energy and ports. What Happened: The billionaire's Adani Group is in...

Warren Buffett, CEO of Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) since 1970, has grown the firm to a market worth of $730 billion while ballooning his own net worth to a level that has anointed him the role of the world’s greatest investor. While the Oracle of Omaha has amassed a...

Elon Musk saw his wealth soar in 2021 with the rising price of Tesla Inc (NASDAQ: TSLA) shares and the private valuation given to SpaceX. At one point in 2021, Musk was worth as much as all the MLB, NBA, NFL and NHL teams combined. Here’s a look at how quickly Musk could become a...