Highlights

  • On 24th January, U.S based short seller, Hindenburg released a report accusing Adani group of accounting fraud and stock price manipulation
  • Adani group strongly denied the allegations

Latest news

Putin hails Ukraine gains, threatens more, in annual press conference

Putin hails Ukraine gains, threatens more, in annual press conference

OnePlus Pad Go 2 Review: No drama, just a good tablet  

OnePlus Pad Go 2 Review: No drama, just a good tablet  

Parliament Moment: Priyanka Gandhi shares tea with Rajnath Singh. PM Modi and Om Birla

Parliament Moment: Priyanka Gandhi shares tea with Rajnath Singh. PM Modi and Om Birla

Cold wave deepens in Kashmir as Chillai-Kalan nears, temperatures dip below freezing

Cold wave deepens in Kashmir as Chillai-Kalan nears, temperatures dip below freezing

Pakistan accuses India of attempting to undermine Indus treaty

Pakistan accuses India of attempting to undermine Indus treaty

Vande Mataram discussion in UP legislature to mark 150th anniversary: Yogi Adityanath

Vande Mataram discussion in UP legislature to mark 150th anniversary: Yogi Adityanath

Ashes 2025: Travis Head slams unbeaten 142 to crush England's Ashes hopes

Ashes 2025: Travis Head slams unbeaten 142 to crush England's Ashes hopes

Tipra Motha youth wing protests Bangladesh leader's anti-India remarks in Agartala

Tipra Motha youth wing protests Bangladesh leader's anti-India remarks in Agartala

Gautam Adani falls to 38th spot on world's richest list

In the wake of the Adani-Hindenburg controversy, Gautam Adani falls further on the Forbes rich list, down to the 38th spot form the 3rd spot before the Hindenburg report released. 

Gautam Adani falls to 38th spot on world's richest list

Gautam Adani has now fallen to the 38th spot on the Forbes rich list. This, after he was on the 3rd spot before the scathing Hindenburg report was released.

Currently, Adani's net worth is estimated at $33.4 billion, according to Forbes, which is an erosion of over $85 billion from $119 billion before the report was published on January 24.

On 24th January, U.S based short seller, Hindenburg released a report accusing Adani group of accounting fraud and stock price manipulation. Allegations which the Adani group has strongly denied. However, since then the Adani group's market cap has seen a massive erosion of over $100 billion.


ADVERTISEMENT

Up Next

Gautam Adani falls to 38th spot on world's richest list

Gautam Adani falls to 38th spot on world's richest list

Rupee breaches 91-mark against US dollar for first time in intra-day trade

Rupee breaches 91-mark against US dollar for first time in intra-day trade

Microsoft commits USD 17.5 billion investment in India: CEO Satya Nadella

Microsoft commits USD 17.5 billion investment in India: CEO Satya Nadella

CBI books Anil Ambani's son, Reliance Home Finance Ltd. in Rs 228 crore bank fraud case

CBI books Anil Ambani's son, Reliance Home Finance Ltd. in Rs 228 crore bank fraud case

RBI raises FY26 GDP growth projection to 7.3 pc

RBI raises FY26 GDP growth projection to 7.3 pc

RBI trims policy interest rate by 25bps to 5.25pc, loans to get cheaper

RBI trims policy interest rate by 25bps to 5.25pc, loans to get cheaper

ADVERTISEMENT

editorji-whatsApp

More videos

Rupee slumps to all-time low of 90.25 against US dollar in intra-day trade

Rupee slumps to all-time low of 90.25 against US dollar in intra-day trade

Reliance completes merger of Star Television Productions with Jiostar

Reliance completes merger of Star Television Productions with Jiostar

India to lead emerging market growth with 7pc GDP rise in 2025: Moody’s

India to lead emerging market growth with 7pc GDP rise in 2025: Moody’s

Nifty hits record high after 14 months; Sensex nears all-time peak

Nifty hits record high after 14 months; Sensex nears all-time peak

Reliance stops Russian oil use at its only-for-export refinery to comply with EU sanctions

Reliance stops Russian oil use at its only-for-export refinery to comply with EU sanctions

ED attaches fresh assets worth over Rs 1,400 cr in case against Anil Ambani's Reliance Group

ED attaches fresh assets worth over Rs 1,400 cr in case against Anil Ambani's Reliance Group

India signs one-year deal to import 2.2 million tonnes of LPG from US

India signs one-year deal to import 2.2 million tonnes of LPG from US

India International Trade Fair begins at Pragati Maidan amid tight security

India International Trade Fair begins at Pragati Maidan amid tight security

Stock markets decline in initial trade on foreign fund outflows, weak Asian peers

Stock markets decline in initial trade on foreign fund outflows, weak Asian peers

Amazon to lay off 30,000 office workers amid AI-driven cost cuts

Amazon to lay off 30,000 office workers amid AI-driven cost cuts

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.