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 group—and its share price—heading 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.
Denne historien er fra December 17, 2024-utgaven av Financial Express Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 17, 2024-utgaven av Financial Express Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
More Indians looking to fly biz class this holiday season
The number of Indians eyeing to fly business class has seen a sharp uptick this holiday season compared to last year. While the trend is more pronounced in international travel, travel agents and online platforms suggest that it is also emerging on many domestic routes.
Markets slump over 1%
• Investors' wealth down ₹4.92 lakh cr
EPFO weighs higher equity investments
● Labour ministry panel to look at ways to raise exposure
Indian firms turn to euro, yen swaps to trim borrowing cost
INDIAN FIRMS ARE opting for cross-currency swaps to convert part of their debt into the euro or the Japanese yen in order to trim borrowing costs, said bankers.
IIT-Madras to offer fine arts, culture courses
IN A FIRST for Indian Institutes of Technology (IITs), IIT-Madras on Tuesday said it would offer two supernumerary seats in each undergraduate programme to students who have achieved excellence in fine arts and culture, starting from the upcoming academic session.
Not even 2% work-linked higher education courses yet: Report
EDUCATION-INDUSTRY MISMATCH
The world's busiest airline routes in 2024 are largely in Asia
● Leisure continues to outshine corporate trips
DPIIT inks pact with HDFC Bank to help startups
THE DEPARTMENT FOR Promotion of Industry and Internal Trade (DPIIT) on Tuesday said it has inked pacts with HDFC Bank and Tally Solutions to help startups growth.
Panel suggests LS elections template for entrance tests
DRAWING PARALLELS WITH the conduct of general elections, a high-level committee set up by the Education ministry and chaired by former Isro chief K Radhakrishnan, has proposed a similar framework for holding important national entrance tests to ensure transparency.
PM: Cong fanned water disputes among states
PRIME MINISTER NARENDRA Modi on Tuesday said all homes in Rajasthan will soon have tap water, attacking the Congress party over water disputes between states.
