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Shares in Adani Enterprises, the group’s flagship company, fell by over 20%, helping erase an estimated $15 billion from Gautam Adani’s net worth.
India's opposition Congress party leader Rahul Gandhi, center, addresses the media on Indian businessman Gautam Adani, after Adani was indicted by U.S. prosecutors on charges he duped investors in ...
Shares in Adani's green energy venture, which is at the center of the case, dropped 8% on Friday. None of the people charged in the case have been arrested. “For Adani, this hits hard, no matter ...
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.
Financial Times [3] terms a double-digit percentage fall in the stock markets over five minutes as a crash, while Jayadev et al. describe a stock market crash in India as a "fall in the NIFTY of more than 10% within a span of 20 days" or "difference of more than 10% between the high on a day and the low on the next trading day" or "decline in ...
[98] Soon after the report's release, Adani Group companies experienced an acute decline in their share prices. [99] [100] [101] In a follow-up piece, The Guardian indicated that Hindenburg called on the Adani Group to sue if they believed the report was inaccurate. [102] [103] By the end of February 2023, the group lost $150 billion in value ...
“Modi and Adani probably share the closest relationship a politician can have with a businessperson; certainly, it had never happened in India. Their rise has been together,” added Swain, a ...
The sharp fall in stocks and allegations raised concerns over the vast amount of investments made by Indian public sector companies in Mr Adani’s businesses, amid fears that it could end up ...