Hindenburg report – The News Desk

Gautam Adani, the Indian billionaire, has reclaimed a position among the world's top 20 richest individuals after a consecutive market rally lifted the combined market value of his companies by 1.33 lakh crore. He currently holds the 19th spot on the Bloomberg Billionaires Index, marking a $6.5 billion increase in his overall net worth, as per Bloomberg's recent update.However, his total net worth remains $53.8 billion lower for the year-to-date period, according to an ET report.Adani's companies experienced a robust rally across all ten stocks following the Supreme Court's remarks on the market regulator Sebi’s investigation into the Adani Group, which significantly bolstered investor interest in these stocks.The collective market cap of all Adani Group stocks surged by more than Rs 33,0...

By P R Sanjai and Chris Kay Standing before Sri Lankan officials and US diplomats in a five-star hotel in Colombo last week, Karan Adani boasted that a newly inked $553 million US government financing deal toward a port terminal being developed by his family’s conglomerate was a “reaffirmation by the international community.” The announcement marked a welcome reprieve for India’s Adani Group following a damaging short-seller attack and a number of corporate fraud allegations leveled against it this year. It also signaled Washington’s endorsement for the port empire owned by Karan’s father and billionaire Gautam Adani — seen as a close ally of Prime Minister Narendra Modi — that would help curb China’s maritime influence in the Indian ocean. Those w...

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Market Regulator: Gautam Adani back in world’s top 20 richest billionaires list as Adani group stocks rally

With US funding in pocket, Adani plans expansion of overseas port empire