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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 city gas distribution company’s stock is already the Adani group’s worst performer. The announcement by key stakeholder TotalEnergies of a halt to any further investment imperils its big LNG push and may put paid to hopes of a recovery.
Shareholders of Adani Total Gas Ltd can’t seem to catch a break.
Since short-seller Hindenburg Research went public with allegations of fraud against the Adani group, no other stock in the Gautam Adani-led conglomerate has destroyed more wealth. From its peak in January 2023, ATGL has lost 85% of its value. In the process, Rs 3.67 lakh crore of its market capitalization has been erased.
And, it is only going to get worse. On Monday, French oil and gas giant TotalEnergies SE, which owns a 37.4% stake in the joint venture with Adani, issued a statement that it will not …
The stablecoin neobank has raised more than $100 million this year; Saudi Arabia is looking at stock market reforms; and other updates from the week.
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.
