NEW DELHI: India's central bank has asked local banks for details of their exposure to the Adani group of companies, government and banking sources said on Thursday (Feb 2). India's ce
India's central bank and stock market regulator have sprung into action more than a week after US short-seller Hindenburg Research's report on the Adani Group spurred a rout in its shares, saying they were looking into irregularities and local bank exposures.
Under-fire Indian tycoon Gautam Adani's empire has lost more than US$100 billion in value over the past week as shares in several firms plunged again on Thursday, a day after the groupamid a turbulent market, citing the need to insulate investors from potential losses.
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Share sale fails to halt Adani market slide in IndiaMUMBAI: A successful public offer failed to stop investors dumping shares in Indian tycoon Gautam Adani's business empire for a fifth day on Wednesday (Feb 1) after allegations of massive accounting fraud from a short-seller investment group. The rout has now wiped out nearly a third - or US$76 billion - o
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India's Adani shares plunge again after stock sale cancelledMUMBAI: Under-fire Indian tycoon Gautam Adani insisted Thursday (Feb 2) that the fundamentals of his conglomerate were 'strong' even as shares in its companies p
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India opposition seeks parliament debate on Adani stock routMr Adani’s woes could become a political headache for Prime Minister Narendra Modi. Read more at straitstimes.com.
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Adani's adversity raises the stakes for India and investorsAs Indian tycoon Gautam Adani's woes deepen and force him to drop a share sale, foreign investors and Indian regulators are abandoning any pretence that the conglomerate's troubles are contained and domestic markets will be spared contagion. Foreign investors, many of them already underweight what they con
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Adani calls off US$2.5 billion share sale in major blow to Indian tycoonNEW DELHI: India's Adani Enterprises called off its US$2.5 billion share sale on Wednesday (Feb 1), citing market conditions, amid an ongoing rout in the wider Adani Group's stocks which was sparked by a US short-seller's critical report. 'Given the unprecedented situation and the current market volatility
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New Year, new look: Why Singapore's firefighters are getting new suitsSingapore's firefighters are starting the new year with a fresh new look. Find out why they are getting upgraded suits this year.
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