Gautam Adani’s firm loses $50 billion in market value after report on short sellers

New Delhi CNN — The value of Gautam Adani’s business empire has plummeted by more than $50 billion this week since Hindenburg Research, a US firm that makes money from short selling, released a scathing report l accusing of fraud. India’s Adani Group has denounced Hindenburg’s allegations as “baseless” and “malicious”, and is considering legal … Read more

Gautam Adani eyes legal action over Hindenburg’s ‘baseless’ fraud allegations

New Delhi CNN — The Indian group Adani has denounced the fraud allegations made by Hindenburg Research as “baseless” and a “malicious combination of selective misinformation”, and is considering legal action against the US-based short seller. Hindenburg Research released an investigation into billionaire Gautam Adani’s sprawling conglomerate on Tuesday, accusing it of “brazen stock manipulation … Read more

Gautam Adani eyes legal action over Hindenburg’s ‘baseless’ fraud allegations

New Delhi CNN — The Indian group Adani has denounced the fraud allegations made by Hindenburg Research as “baseless” and a “malicious combination of selective misinformation”, and is considering legal action against the US-based short seller. Hindenburg Research released an investigation into billionaire Gautam Adani’s sprawling conglomerate on Tuesday, accusing it of “brazen stock manipulation … Read more

Jeff Bezos says for the first time he will donate most of his money to charity

Washington CNN Business — Amazon founder Jeff Bezos plans to donate the majority of his $124 billion net worth over his lifetime, telling CNN in an exclusive interview that he will dedicate most of his wealth to the fight against climate change and supporting people who can unite humanity in the face of deep social … Read more

Jeff Bezos says for the first time he will donate most of his money to charity

Washington CNN Business — Amazon founder Jeff Bezos plans to donate the majority of his $124 billion net worth over his lifetime, telling CNN in an exclusive interview that he will dedicate most of his wealth to the fight against climate change and supporting people who can unite humanity in the face of deep social … Read more