Gautam Adani

Shares of Adani group companies rose and added over $5.9 billion to investor wealth on Thursday, following the shutdown of the short-seller Hindenburg Research, as announced by its founder Nathan Anderson in a farewell note on Wednesday. What Happened: Around ten listed companies owned by the...

Billionaire Elon Musk is the world's richest person and also an influential figure across several business segments thanks to his leadership at companies like Tesla Inc (NASDAQ:TSLA), X, xAI, SpaceX, Neuralink and The Boring Company. Musk could become a trillionaire in the future, thanks in large...

Hindenburg Research, led by investigator Nate Anderson, has been entangled in a dispute with Indian billionaire Gautam Adani‘s conglomerate Adani Group. What Happened: The conflict, which began in January 2023 following accusations of fraud against Adani’s company, has led to a...

Billionaire Elon Musk regained the title of world's richest person to end the 2023 year, after a move back to first place in February and again in May. Musk and the other nine richest people in the world all saw their wealth grow dramatically in 2023 thanks to a strong stock market and soaring...

Elon Musk has had a remarkable year, adding $95.4 billion to his net worth and reclaiming the title of world’s richest person, according to Bloomberg. Musk’s Success: The Tesla Inc. (NASDAQ:TSLA) CEO’s wealth surge was driven by the success of his companies, particularly Tesla and...

The stock market saw a decline in 2022 with the S&P 500, which is tracked by the SPDR S&P 500 ETF Trust (NYSE: SPY), falling 19.2%. This decline marked the worst performance for the S&P 500 since 2008 and sent the wealth of the richest people in the world down. With stocks...

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...

Block Inc (NYSE: SQ) CEO Jack Dorsey’s wealth eroded by $526 million on Thursday after short-seller Hindenburg Research published a bearish report on the company. What Happened: Dorsey is worth $4.4 billion after taking an 11% hit on his net worth, reported Bloomberg, citing data from the...

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....

PineBridge Investments said recent allegations against billionaire Gautam Adani's conglomerate wouldn't derail a growth and manufacturing boom in India. What Happened: Michael Kelly, who oversees Pinebridge's $17.8-billion global multi-asset portfolios, is using the recent stock rout in the Indian...

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...