Gautam Adani

India's top court orders investigation into Adani group

Probe order comes after allegations by US short-seller Hindenburg Research that accused Adani companies of engaging in market manipulation and other fraudulent practices.

Adani Enterprises shelves $122 million bond plan

A US-based short-seller's report last week accused the group of engaging “in a brazen stock manipulation and accounting fraud scheme over the course of decades.”

India's Adani speaks about turmoil as Citigroup stops margin loans

Gautam Adani, who saw $100 billion rout in shares of his listed firms, says his conglomerate has "impeccable track record" of fulfilling debt obligations. Meanwhile, Citigroup stops accepting securities of his firms as collateral for margin loans.

Adani abandons $2.5 billion share sale in big blow to Indian tycoon

Embattled Indian billionaire Gautam Adani calls off his flagship company's share sale after a tumultuous week saw his conglomerate shed tens of billions of dollars in market value after claims of fraud from US-based short-selling firm.

All you need to know about the Adani Group scandal

The multinational conglomerate lost over $90 billion since a report accused it of "the largest con in corporate history."

Fraud claims wipe $48B off India's Adani Group stocks

Shares of Gautam Adani's business empire sink nearly 20 percent as scathing report by Hindenburg Research ignites rout in conglomerate's listed firms, casting doubts on how investors will respond to company's record $2.45 billion secondary sale.

Hindenburg report on India's Adani Group 'highly credible': Bill Ackman

"I found Hindenburg report highly credible and extremely well researched," says billionaire hedge fund manager, adding Adani Group's response "speaks volumes. Caveat emptor."

Asia’s richest man was shorted by a US research firm. Chaos ensued

The Adani Group is led by Gautam Adani, the third richest man in the world (now the fourth). It has lost billions in market value in two days, all due to a report by Hindenburg Research, specialising in “forensic financial research”.

India's $900-million port project stirs unrest over ecological concerns

For three months, a fishing community in India's southern state of Kerala has blocked construction vehicles from entering the site of Adani Group's Vizhinjam seaport.

Indian industrialist Gautam Adani becomes world's third-richest person

With his net worth of $137.4 billion, Adani now ranks just behind Tesla CEO Elon Musk and Amazon founder Jeff Bezos.

India's Adani overtakes Ambani to claim top spot in Asia rich list

Gautam Adani is “the world’s biggest wealth-gainer this year“, with an almost $12 billion jump in his personal fortune.