A SOFT TARGET?
BW Businessworld|September 09, 2023
Investigators probing stock market-related matters warn of another Hindenburg-like attack on Adani Group by an entity linked to notorious shortseller George Soros
Palak Shah
A SOFT TARGET?

The group suffered a major setback after shortseller Hindenberg accused it of pumping up its stock prices in a report

GAUTAM ADANI, Chairperson, Adani Group

POLITICS AND BUSINESS GO hand in hand. Globally, business houses perceived to be close to the ruling dispensation or the prominent political parties are often highly vulnerable, especially when elections are around the corner. In India, Reliance Industries in the 1980s and 90s was a soft target of the global cabal and the local media. Currently, it is the Adani Group. More than Adani, Hindenburg Research now is a household name in India since it managed to trigger a $125-billion stock rout with mere allegations. Such popularity will undoubtedly attract clones.

Sources say that agencies in India involved with stock market-related investigations have learned that an organisation known as Organised Crime and Corruption Reporting Project (OCCRP), which is infamous for its links to notorious stock market short-seller George Soros, was planning a series of reports on the Adani Group.

Time is of the essence for short-sellers in the stock market, and Hindenburg claimed that it had shorted Adani group-linked instruments in the overseas market before it published its report. Hindenburg had published its report just when Adani's mega follow-on public offer worth more than Rs 20,000 crore (over $3 billion) was to open. Similarly, OCCRP's report too is being planned when the Supreme Court will be taking cognizance of Adani-related probe by market regulator SEBI.

The OCCRP Backers

Denne historien er fra September 09, 2023-utgaven av BW Businessworld.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra September 09, 2023-utgaven av BW Businessworld.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA BW BUSINESSWORLDSe alt
A WAVE OF PARIVARTAN
BW Businessworld

A WAVE OF PARIVARTAN

KAIZAD M. BHARUCHA on HDFC Bank's flagship CSR programme Parivartan ('Change' in Hindi), and how it has made a profound impact on the lives of over 10 crore people, embodying progress and positive transformation

time-read
2 mins  |
October 05, 2024
An Ace In All Regards
BW Businessworld

An Ace In All Regards

The Sonos Ace offers an interesting proposition by clubbing peak design, respectable ANC and a decent battery life

time-read
4 mins  |
October 05, 2024
For the love of Street Food
BW Businessworld

For the love of Street Food

Feel like eating something different? How about a Slow-Cooked Grilled Belgium Pork Leg? The dish is inspired by the festive streets of Italy, Germany, and Austria, where pork takes centre stage during the winter. Cooked to perfection over 24 hours, it pairs tender pork with a sweet and spicy apple purée, salsa macha, and crunchy pork floss.

time-read
1 min  |
October 05, 2024
India's Most Influential Marketing Leaders
BW Businessworld

India's Most Influential Marketing Leaders

The BW Top 100 Marketers 2024 sees significant representation from sectors such as FMCG, BFSI, auto and tech as the likes of healthcare register growth; women leaders account for over 27 per cent of the list

time-read
6 mins  |
October 05, 2024
HERALDING THE ERA OF PRIVATE
BW Businessworld

HERALDING THE ERA OF PRIVATE

Broadcom CEO & President Hock Tan asserts that the future of enterprise IT lies in private cloud solutions

time-read
3 mins  |
October 05, 2024
Sustainable M&A Through Double Materiality
BW Businessworld

Sustainable M&A Through Double Materiality

IN THE HIGH-STAKES WORLD of mergers and acquisitions (M&A), the focus has long been on traditional synergy metrics.

time-read
6 mins  |
October 05, 2024
Lenovo's Puducherry Tryst...Now With An AI Twist
BW Businessworld

Lenovo's Puducherry Tryst...Now With An AI Twist

Lenovo's APAC and India leadership, including AMAR BABU, President, Lenovo APAC, AMIT LUTHRA, Managing Director, Lenovo ISG India and SUMIR BHATIA, President, Lenovo ISG Group - APAC, spoke with BW Businessworld's Rohit Chintapali on the company's new manufacturing capabilities based out of Puducherry facility that will now involve AI servers and high-end GPU units.Excerpts

time-read
3 mins  |
October 05, 2024
40 Under 40 - Making A Mark
BW Businessworld

40 Under 40 - Making A Mark

Hive Minds partners with clients across various sectors to deliver strategies focused on growth, creativity and client satisfaction

time-read
2 mins  |
October 05, 2024
40 Under 40 - Leading The Charge
BW Businessworld

40 Under 40 - Leading The Charge

Visaka's Vamsi Krishna Gaddam advocates for ecoconscious business practices, driving innovations in building materials, electric mobility, solar energy and more

time-read
2 mins  |
October 05, 2024
40 Under 40 - Judicial Efficiency
BW Businessworld

40 Under 40 - Judicial Efficiency

Adalat AI leverages tech to minimise case backlogs and enhance judicial efficiency, with ambitious plans for expansion across additional courts in India

time-read
2 mins  |
October 05, 2024