"This is not merely an unwarranted attack on any specific company but a calculated attack on India, the independence, integrity and quality of Indian institutions, and the growth story and ambition of India," the Adani Group said in its Sunday report.
"To be clear, we believe India is a vibrant democracy and an emerging superpower with an exciting future," Hindenburg said in its strongly worded statement."We also believe India's future is beingby the Adani Group, which has draped itself in the Indian flag while systematically looting the nation." Hindenburg further said"fraud is fraud, even when it's perpetrated by one of the wealthiest individuals in the world."Read next
Source: Financial Digest (financialdigest.net)
Eagle eyes on major situations and incidents are necessary in any good and healthy business because everyone is not our well-wisher. Not at all... 👍👍 And not all business man are walking on the terms of Win - Win concept. Hard but truth..
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gautam Adani: Asia's richest man in the eye of a stormIndia's Gautam Adani, the school drop-out turned billionaire who rose to become Asia's richest man, faces possibly his biggest challenge after shares in his companies slumped when a U.S. short seller cast doubts on their business practices. Oligarchs are radical, criminal looters Corrupt and dishonest person .Hindenburg is Financial Terrorist & must be called out USTreasury This disaster named firm must b banned by USAGov Before they damage Economies of nations by Misleading Fake Narratives & dangerous fake Motivated Propoganda FinMinIndia Disaster Named Hindenburg
Source: Reuters - 🏆 2. / 97 Read more »
Breakingviews - Breakingviews: Adani’s financing safety-net rests on Indian banksGautam Adani’s financing options are narrowing fast. Investors wiped $48 billion off the Indian tycoon’s listed companies in just two days last week; his flagship Adani Enterprises lost 19% of its value on Friday alone. While the nationally important ports-to-power-to-roads group should be able to manage its interest bill, the selloff blows apart Adani’s plans to tap global capital markets. That leaves it dependent on a safety net provided by Indian banks. Adani green borrowed $1.35 billion from these International banks Banks urged deleveraging 'Gautam Adani weighs $5 billion fundraise as banks urge deleveraging'
Source: Reuters - 🏆 2. / 97 Read more »
Who is Gautam Adani? Asia’s richest man is rocked by fraud claims.The Indian energy billionaire and Narendra Modi ally denied charges leveled by Hindenburg Research, which triggered a massive sell-off of Adani company shares. Asian Enron A part of this stems from India’s stance on Ukraine Russia conflict. Indian business is all about relationships and power you can wield multinational. India’s growth dependent on heavy weights to drive progressive change. Like gautam_adani AdaniOnline A thief will never say he is thief. Ultimate loss to investors and trust is shaking
Source: washingtonpost - 🏆 95. / 72 Read more »
Adani hits back at Hindenburg, says it made all disclosuresThe Adani Group issued a blistering riposte to a Hindenburg Research report that prompted a $48 billion rout in its stocks and marked a dramatic setback for Gautam Adani ahead of a major share sale. Where there’s smoke there’s fire
Source: Reuters - 🏆 2. / 97 Read more »
Exclusive: Bankers on Adani $2.5 bln share sale consider delay, price cut after routBankers on the $2.5 billion share sale of India's Adani Enterprises are considering extending the sale or cutting the issue price after shares plunged on a U.S. short seller's report, said three people familiar with the deal. The response to the FPO seems super underwhelming understandingly. The Hindenburg report messed it up. Who wants to be linked to a company who's business model is bribery, corruption, tax dodging, and hell bent on polluting every inch of the planet?
Source: Reuters - 🏆 2. / 97 Read more »
Exclusive: India's Adani says $2.5 billion share sale on track even as bankers mull changesBankers may extend the sale or cut the issue price, sources said. Seven Adani companies have lost a combined $48 billion in market value since a research report flagged concerns about debt levels and their use of tax havens. il prossimo è Ilon Caz
Source: Reuters - 🏆 2. / 97 Read more »