Gautam Adani

Prime Minister Narendra Modi's address comes a day after senior Congress leader Rahul Gandhi attacked the BJP-led Centre for allegedly giving undue favours to billionaire Gautam Adani

"While we estimate that the exposures are larger for public sector banks than for private sector banks, they are smaller than 1 per cent of total loans for most banks," it said.

That rise, as he portrayed it, wasn’t his alone: It was inseparable from the “growth story” of India itself.

Adani group stocks have taken a massive hit after US-based activist short-seller Hindenburg Research made a litany of allegations including fraudulent transactions and share price manipulation. The group has dismissed the charges as lies.

Adani Green Energy is the title sponsor of the upcoming Energy Revolution gallery at the Science Museum in London.

Without naming Adani group specifically, the capital markets watchdog said in a statement that unusual price movement in the stocks of a business conglomerate has been observed in the past week.

Stocks of the Adani Group have taken a beating on the bourses after US-based activist short-seller Hindenburg Research made a litany of allegations, including fraudulent transactions and share price manipulation at the Gautam Adani-led group.

The exposure to Adani Group is primarily to the operating companies in sectors like ports, transmission, power, gas distribution, roads and airports, Axis Bank said.

At one point on Friday, losses for some Adani stocks including the flagship reached more than 50% since Hindenburg published its explosive report. The short seller said at that time that seven listed firms of the group are 85% overvalued even by taking the their financial metrics at face value.

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.

Elara Capital's asset management business is under the spotlight after US short seller Hindenburg Research linked Mauritius-based funds run by the London firm with Gautam Adani’s Adani Group companies.

"We recognise that a portion of the capex is deferrable, and the rated entities do not have significant maturing debt until FY2025," Moody's said.

Hindenburg Research founder Nathan Anderson went from being an ambulance driver to finding his passion for unearthing scams.

Taleb's suggestion comes as stocks of the Adani group companies continue to be hammered in the aftermath of accusations made by American short-seller Hindenburg Research

The billionaire’s interests, which include ports, power plants and coal mines, have fallen in value by more than $100 billion since Hindenburg Research’s fraud allegations last week.

The group hasn't faced margin calls on these pledges and is seeking the prepayment proactively, the report said, citing a person with knowledge of the matter.

The payments were made as Adani Group, led by Indian billionaire Gautam Adani, battles with a rout in its stocks in India and its U.S. bonds after last week’s critical report on its business practices by U.S. short-seller Hindenburg Research

His group continued to lose on the stock market, with the cumulative rout now nearing USD 108 billion in a week -- one of the biggest wipeouts in India's history.

Gautam Adani met Israel Prime Minister Benjamin Netanyahu on Tuesday for the official handover of the Haifa Port to the Adani Group.

Gautam Adani, 60, is a publicity-shy school dropout of humble origins who rose to become fabulously rich.