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India's stock market fell after Gautam Adani faced US bribery charges. ... "It has been expected now given that the news has been front and center today. ... The Nifty 50 was down 0.8%. Adani's ...
Of 10 listed companies that have lost about $33 billion in market value since the indictment, Adani Green has been the hardest hit, giving up about $9.7 billion. The stock was down 7.5% on Tuesday.
Adani stocks deepened losses on Tuesday, with Adani Green the hardest hit, closing 7.3% lower. Fitch said in a statement it had placed Adani Energy Solutions Ltd, Adani Electricity Mumbai and some ...
Indian industrialist Gautam Adani has lost a lot of money over the last month. His net worth is about $67 billion less (as of 2/15/23) than it was on January 24 when Bloomberg estimated it at $119 billion and the publicly traded companies he controls have lost over $100 billion in market value.
Adani Group (Hindi: [əd̪aːniː], Gujarati: [əd̪aɳiː]) is an Indian multinational conglomerate, headquartered in Ahmedabad.Founded by Gautam Adani in 1988 as a commodity trading business, the Group's businesses include sea and airport management, electricity generation and transmission, mining, natural gas, food, weapons, and infrastructure. [12]
Adani Cement is wholly-owned subsidiary of Adani Enterprises and has not begun its business operations. [32] [33] It was reported in June 2021 that the Adani Group planned to set up a cement plant in Maharashtra which will have an initial capacity of 5-Million tonnes per annum with an approximate investment of ₹900-1,000 crore. [34]
Since Jan. 24, 2023, Adani Energy Solutions is down 71.32%, Adani Total Gas has lost 82.7%, and flagship Adani Enterprises is down about 30%. Adani Ports and Adani Power are up about 51% and 105% ...
We’re diving into why stocks are down today in our market update for Monday! Source: Shutterstock The stock market has been through rough times recently as shares continue to fall over the last ...