BENGALURU :Indian shares opened lower on Friday as financials sustained the slide on risk aversion due to Hindenburg's report on the books of Adani group companies, which offset easing concerns of recession in the U.S.The Nifty 50 index was down 1.14 per cent at 17,683.40 as of 10:15 a.m. IST, while the S&P B
BENGALURU :Indian shares opened lower on Friday as financials sustained the slide on risk aversion due to Hindenburg's report on the books of Adani group companies, which offset easing concerns of recession in the U.S.
The Nifty financial index, which fell 2.13 per cent in the previous session, has lost 2.25 per cent as of 10:15 a.m. IST, dragging the markets down, while oil & gas stocks declined over 3.5 per cent with an uptick in crude prices.Stocks of seven Adani companies tumbled between 2 per cent and 17 per cent after falling between 1.5 per cent and 9 per cent on Wednesday when Hindenburg, a well-known U.S.
The slide in financials and oil stocks overshadowed the positive macro data from the United States. The world's largest economy grew faster than expected in the fourth quarter as consumers boosted spending on goods, data showed.
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Adani Group stocks add to losses from short-seller attackBENGALURU : Shares of Adani Group's listed companies fell on Friday, adding to their losses from Wednesday when U.S. short-seller Hindenburg Research launched a scathing attack on the conglomerate.Adani Transmission Ltd tumbled 19.2 per cent and Adani Total Gas sank 19.1 per cent in their biggest daily dr
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India's Adani Group says it is evaluating action against Hindenburg ResearchBENGALURU: Adani Group said on Thursday (Jan 26) that it is evaluating 'remedial and punitive action' under United States and Indian laws against short-seller Hindenburg Research
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Hindenburg shorts India's Adani Group, cites debt, accounting concernsBENGALURU, India: Hindenburg Research said on Wednesday (Jan 25) it held short positions in Adani Group, accusing the Indian conglomerate of improper extensive use of entities set up in offshore tax havens and expressing concern about high debt levels. The group, which is led by Gautam Adani, the world's t
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India's Adani Group says evaluating action against Hindenburg ResearchBENGALURU : Adani Group said on Thursday it is evaluating 'remedial and punitive action' under U.S. and Indian laws against short-seller Hindenburg Research, which in a report accused the conglomerate of improper use of offshore tax havens.Shares in seven listed group companies of Adani lost $10.73 billio
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Who is behind Hindenburg, the company that is shorting Adani?NEW YORK: Short-seller Hindenburg Research disclosed on Wednesday (Jan 25) short positions in India's Adani Group, citing potential stock manipulation and accounting fraud in a report. T
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Hindenburg shorts India's Adani citing debt, accounting concerns; shares plungeBENGALURU - Hindenburg Research said it held short positions in India's Adani Group, accusing the conglomerate of improper use of offshore tax havens and flagging concerns about high debt that eroded $11 billion (S$14 billion) in investor wealth on Wednesday (Jan 25). The group, which is led by Gautam Adani, the world's third richest person according to Forbes, dismissed the...
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