Gautam Adani

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...

India's Adani Group said that it's exploring legal options against short-seller Hindenburg Research. A report published by the research firm alleged widespread fraud against Adani Group, the conglomerate led by businessman Gautam Adani. What Happened: Adani Group alleged that Hindenburg’s...

After being red-flagged for over-leveraged expansion, the Adani Group is again in controversy.  What Happened: Hindenburg Research, a short seller and forensic financial research group, has accused Adani of engaging in a "brazen stock manipulation and accounting fraud scheme over the...

Amazon Inc. (NASDAQ:AMZN) founder Jeff Bezos surpassed Asia's and India's richest man, billionaire Gautam Adani, to reclaim the title of the world’s third-richest person.  What Happened: On Tuesday, Adani’s net wealth plunged by $872 Million, according to Bloomberg...

The world's third richest man is lobbying sovereign wealth funds to raise around $5 billion in equity to reduce leverage.  What Happened: Indian billionaire Gautam Adani's conglomerate has reached out to investors, including Mubadala Investment Co. and Abu Dhabi Investment Authority, Bloomberg...

India’s super-rich are getting richer at a faster clip than their American peers like Tesla Inc CEO Elon Musk and Amazon.com, Inc (NASDAQ: AMZN) Chair Jeff Bezos. What Happened: Coal and green energy tycoon Gautam Adani, Asia’s...

Indian billionaire Gautam Adani once again reclaimed the world's 3rd richest person title with a $1.37 billion gain on Tuesday.  What Happened: Indian business tycoon surpassed Amazon Inc. (NASDAQ:AMZN) founder Jeff Bezos in the world's rich list on Tuesday to gain the title.  See Also: Mark...

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...

Indian business tycoon and billionaire Gautam Adani surpassed Jeff Bezos to become the world's second-richest person.  As Adani climbs the ranks of the Bloomberg Billionaires Index, Elon Musk remains the number one wealthiest person in the world, with $260 billion to...

A market sell-off on the heels of Consumer Price Index (CPI) inflation data Tuesday saw the broader U.S. markets post their worst day year-to-date in 2022. Here’s a look at how the market collapse impacted the wealth of the richest people in the world. What’s Happened: Tuesday marked...

Indian billionaire Gautam Adani surpassed Amazon.com Inc (NASDAQ: AMZN) founder Jeff Bezos to become the world's third richest person, according to the Forbes real-time billionaires list, after gaining $2.8 billion in a day on Wednesday. What Happened: With Tesla Inc (NASDAQ: TSLA)...

Indian billionaire Gautam Adani surpassed Louis Vuitton’s (OTC: LVMUY) CEO Bernard Arnault to become the world's third richest person after gaining $1.12 billion in a day on Monday.  What Happened: With Tesla Inc (NASDAQ: TSLA) CEO Elon Musk and Amazon Inc's (...

Indian billionaire Gautam Adani added nearly $1 billion in a single day after his conglomerate Adani Group announced that it would snap a majority stake in New Delhi Television (NDTV). What Happened: Adani's net worth swelled by $928 million on Wednesday. Among his peers, Tesla Inc (NASDAQ...

Adani Enterprises Ltd, the flagship company of the Adani Group — plans to invest $5.2 billion to set up an alumina refinery in the eastern Indian state of Odisha, reported Bloomberg. The refinery will bear an annual capacity of 4 million tons, as per a statement by the local government,...