Funnycontrol explores Hindenburg’s latest standup comedy special.
Amrita Ahuja, the Indian-origin chief financial officer of Block, has been named in the latest Hindenburg report targeting the payments platform.
In this episode of Market Minutes, Shailaja Mohapatra talks about Hindenburg's latest victim - Block, Accenture's earnings impact on Indian IT services firms, Vedanta's dividend plans and what it means for the holding company, and a likely block deal in Campus Activewear. Also catch Sameer Shah of Godrej Consumer Products share his views on growth initiatives, margin trajectory and El Nino impact. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends.
Jack Dorsey’s fortune plunged by $526 million on Thursday, his worst single-day decline since May. He’s now worth $4.4 billion after the 11% drop, according to the Bloomberg Billionaires Index.
The investment boutique firm employs analysts with an investigative journalism background and its co-founders are invested to the order of $1 billion in the firms' own strategies.
The Mundra Thermal Power Plant — and its debt, that appears designed to shield Adani Power from extraordinary writeoffs — exemplifies this balancing act, where a single asset writedown could have cascading ramifications
The current roadshow represents a new initiative by the conglomerate, which operates in various industries from ports to power, to rebuild investor trust.
For weeks, around 7,000 truck owners and drivers in India's Himachal Pradesh resorted to protest rallies against Adani's Dec. 15 decision to shut two cement plants over a dispute on freight rates. Adani argued the plants were "unviable" at the trucking rates it wanted to slash by around half.
Adani Ports and SEZ paid SBI Mutual Funds' due amount of Rs 1,500 crore on Monday and will also pay another Rs 1,000 crore of commercial papers due in March (as per the payment scheme), a company spokesperson said.
Its shares have lost more three quarters of their value since the Hindenburg report was published on January 24. It was the group’s most richly valued stock before that and also has relatively less liquidity.
Repaying and prepaying of borrowings, both by the conglomerates’ units and Adani family, have featured in the push to convince investors that the group does not face any solvency issues despite its market value being cut in half.
Union Home Minister Amit Shah on Tuesday responded to Opposition's attack on Prime Minister Narendra Modi and the BJP government amid the Adani-Hindenburg controversy. Shah said that the apex court has taken cognisance of the matter and it was not right for him to comment. However, he did add that the BJP has "nothing to hide or be afraid of". Watch to know more!
The appointment marks the first major effort by Adani Group to defend itself in the wake of a January 24 report by Hindenburg that accused it of improper use of offshore tax havens and stock manipulation
Listed companies controlled by billionaire Gautam Adani have lost more than $100 billion in market value since Jan. 24, when U.S. short seller Hindenburg Research accused the conglomerate of stock manipulation and improper use of offshore tax havens.
The rally, which started at Wellington Square, was scheduled to culminate at the BJP state headquarters on Muralidhar Sen Street but it ended near the Calcutta University at College Street.
Adani Group says it is evaluating "remedial and punitive action" against Hindenburg under U.S. and Indian laws.
American short-seller Hindenburg Research's report on billionaire Gautam Adani has led to a stock rout, erasing over $100 billion from his empire and pushing him down the global rich list. But how did a small research firm with fewer than 10 employees managed to erode the wealth of one of the richest men in the world? Watch the video to find out what is Hindenburg Research and who is behind it.
SPDs are structured products that are tailor-made by foreign brokers for large clients in offshore jurisdictions. These products are not available in India and hide the identity of the trader who takes a position.
Congress MP Rahul Gandhi on February 7 targeted the Bharatiya Janata Party-led Centre for allegedly giving undue favours to businessman Gautam Adani. Some BJP ministers, including law minister Kiren Rijiju demanded proof from the former Congress president to prove his allegations. Gandhi was speaking in Lok Sabha where he questioned Prime Minister Narendra Modi and Adani’s relationship. WATCH!
S&P said that it assesses governance "as a relative weakness in our rating analysis of Adani Group entities"
The sobriquet Big 4 refers to Deloitte LLP, Ernst & Young LLP, KPMG LLP and PwC.
Adani vs Hindenburg: The Supreme Court petition sought investigation against Nathan Anderson and his associates. US-based Hindenburg Research engages in activist short selling, which involves selling borrowed stocks with the hope of buying the same at a lower price later. If the prices fall on the expected lines, the short sellers make a killing.
On February 2, NSE put Adani Enterprises, Adani Ports and Special Economic Zone, and Ambuja Cement under the Additional Surveillance Measure framework
The entire market has to pay for the alleged misdeeds of a few companies and the lackadaisical attitude of the market regulator
Adani Enterprises' Rs 20,000 crore FPO was called off after Hindenburg report, despite a full subscription. Gautam Adani said pushing ahead with the issue would have been not "morally correct" after a massive erosion in stock price.