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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The infrastructure conglomerate has issued a rebuttal to the US-based short seller’s report; several group stocks continue to fall.
Editor's note: Hindenburg Research is not satisfied with the detailed response published by the Adani Group in response to the US-based short seller’s allegations of fraud and misgovernance at the Indian conglomerate. In a statement issued on Monday morning in India, Hindenburg says that the Adani Group failed to respond to 62 out of the 88 questions and only provided generalized deflections to allegations.From Hindenburg’s response: Our report detailed a vast labyrinth of offshore shell entities directed by or associated with Vinod Adani, the older brother of Chairman Gautam Adani. These entities included 38 entities in Mauritius, along with others in the UAE, Cyprus, Singapore, and various Caribbean islands.We presented extensive evidence that these entities have been used for (1) stock parking / stock manipulation (2) or engineering Adani’s accounting. We presented extensive evidence that these entities have been used for (1) stock parking / stock manipulation (2) or engineering Adani’s accounting. Many of our questions were focused on both the nature of these transactions and the lack of disclosure around the clear conflicts of interest involved. In its response, Adani did not …
The infrastructure conglomerate has issued a rebuttal to the US-based short seller’s report; several group stocks continue to fall.
Editor's note: Hindenburg Research is not satisfied with the detailed response published by the Adani Group in response to the US-based short seller’s allegations of fraud and misgovernance at the Indian conglomerate. In a statement issued on Monday morning in India, Hindenburg says that the Adani Group failed to respond to 62 out of the 88 questions and only provided generalized deflections to allegations.From Hindenburg’s response: Our report detailed a vast labyrinth of offshore shell entities directed by or associated with Vinod Adani, the older brother of Chairman Gautam Adani. These entities included 38 entities in Mauritius, along with others in the UAE, Cyprus, Singapore, and various Caribbean islands.We presented extensive evidence that these entities have been used for (1) stock parking / stock manipulation (2) or engineering Adani’s accounting. We presented extensive evidence that these entities have been used for (1) stock parking / stock manipulation (2) or engineering Adani’s accounting. Many of our questions were focused on both the nature of these transactions and the lack of disclosure around the clear conflicts of interest involved. In its response, Adani did not …
A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.
After a strong listing, Vedanta Aluminium Metal is running into some headwinds. Aluminium prices are easing, but the sharper challenge is rising competition from Kumar Mangalam Birla and Gautam Adani.
FY26 numbers show that Airtel is stealing a march on its larger rival on most counts and is unrelenting in its ambition, casting a cloud on Jio’s valuation.
A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.
After a strong listing, Vedanta Aluminium Metal is running into some headwinds. Aluminium prices are easing, but the sharper challenge is rising competition from Kumar Mangalam Birla and Gautam Adani.
FY26 numbers show that Airtel is stealing a march on its larger rival on most counts and is unrelenting in its ambition, casting a cloud on Jio’s valuation.
