Adani, who has denied both charges, has vowed to fight on. He said at an event after the US allegations that the firm is committed to "world-class regulatory compliance" and that each attack against the company "only makes us stronger".
The charges are likely to weigh on the groupâand its share priceâheading into the new year. Adani's fortune peaked at $122.3 billion in June after he'd worked to bolster finances following Hindenburg's attack. Those gains have now evaporated after the US allegations, and he's now worth $82.1 billion, according to the Bloomberg Billionaires Index.
The wealth of Ambani, Asia's richest man, has also taken a tumble, if perhaps in a less dramatic and public way. It peaked at about $120.8 billion in July. But his fortune now stands at $96.7 billion as of December 13.
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AAP rejects claims of nod to prosecute Kejriwal
AAM AADMI PARTY leaders in Delhi, on Saturday rejected claims that Lieutenant Governor VK Saxena has granted sanction to the Enforcement Directorate to prosecute party supremo Arvind Kejriwal in the alleged excise policy scam.
Maharashtra portfolios: CM keeps home; Pawar gets finance
MAHARASHTRA CHIEF MINISTER Devendra Fadnavis on Saturday allocated portfolios to his council of ministers, retaining the crucial Home department with him.
US shutdown averted, with funding bill rushed by Senate
Gets overwhelming approval in the House of 366-34
Film fest raises toast to women, Kerala hopes industry follows
WHEN SHE SET out to direct her first feature film, Adithya Baby had an army of university classmates as her cast and crew. The familiarity of friends ensured that the production of Kamadevan Nakshatram Kandu (Cupid Saw the Star), the Malayalam language film screened at the just-concluded International Film Festival of Kerala (IFFK), was a safe workplace for everyone.
A 'second tree of life' could wreak havoc, scientists warn
Research on altering fundamental DNA, protein structures could lead to synthesis of lethal organisms
How to repair the planet? An answer hides in plain sight
What if we're looking at environmental problems the wrong way? What if we tackled them as a whole, instead of individually?
Shame and hypocrisy
The hypocrisy of political parties exploiting Dr. Ambedkar's name while ignoring the plight of Dalits is highlighted, along with the alarming statistics of manual scavenging, hate crimes, and discrimination faced by the Dalit community.
FIFTH COLUMN
WHAT REALLY NAUSEATED me about the shenanigans in Parliament last week was the hypocrisy.
Battle for Mont Choisy
A Sunday showdown at the 2024 AfrAsia Bank Mauritius Open golf finale
Big blows for the Constitution
Congress but Indira Gandhi apologized and vowed that Emergency would never be repeated.
