Adani Group pulls back on grand ambitions!
The Business Guardian|April 02, 2023
Two months on from its explosive report into Gautam Adani’s acquisitive conglomerate, short seller Hindenburg Research has left the Indian billionaire’s empire chastened and reevaluating its ambitions.
Adani Group pulls back on grand ambitions!

Hindenburg's allegations of extensive, yearslong corporate fraud at the Adani group have wiped out about $125 billion in market value since January, spur-ring the tycoon to rein in plans to expand into new sectors, according to people familiar with the company's inner workings.

This story is from the April 02, 2023 edition of The Business Guardian.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the April 02, 2023 edition of The Business Guardian.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE BUSINESS GUARDIANView All
Northern railway accepts resignations of Vinesh Phogat and Bajrang Punia
The Business Guardian

Northern railway accepts resignations of Vinesh Phogat and Bajrang Punia

The Northern Railway Ton Monday accepted the resignations of wrestlers and Congress leaders Vinesh Phogat and Bajrang Punia.

time-read
1 min  |
September 10, 2024
IYDF and Olivestree partner to support Ramakirti Orphanage
The Business Guardian

IYDF and Olivestree partner to support Ramakirti Orphanage

On September 3, 2024, from 2 PM to 5 PM, the International Youth Development Foundation (IYDF) joined forces with Olivestree Events to host a heartfelt charity event at the Ramakirti Foundation Orphanage in Gurgaon, Haryana.

time-read
2 mins  |
September 10, 2024
SpiceJet finds many things to blame for financial setback
The Business Guardian

SpiceJet finds many things to blame for financial setback

Amidst the turbulent phase that the cash stripped airline Spicejet is going through, the airline in a detailed presentation recently laid out a detailed account of what actually went wrong and their future prospects.

time-read
2 mins  |
September 08, 2024
Cong workers hold protests demanding local candidates for upcoming elections
The Business Guardian

Cong workers hold protests demanding local candidates for upcoming elections

Further, he added, \"We have decided that if those two get the tickets, then all of us will launch our independent candidate or we will resign and contest ourselves.

time-read
1 min  |
September 09, 2024
The Business Guardian

Roads waterlogged in parts of Delhi after a spell of rain

The national capital was lashed with downpours on Saturday evening too, bringing respite from the humid weather.

time-read
1 min  |
September 09, 2024
GST Council meeting: Atishi to oppose taxing online payments
The Business Guardian

GST Council meeting: Atishi to oppose taxing online payments

Addressing a press conference here, she said her government and the party would oppose the proposal. At present, online payments made through payment gateways are not taxed, she said.

time-read
1 min  |
September 09, 2024
Fire breaks out at textile factory in Bakkarwala
The Business Guardian

Fire breaks out at textile factory in Bakkarwala

A massive fire broke out at a textile factory in Bakkarwala area of outer Delhi on Sunday morning, officials said.

time-read
1 min  |
September 09, 2024
Transport Department to notify new rates for inter-state buses
The Business Guardian

Transport Department to notify new rates for inter-state buses

Following Delhi LG, VK Saxena's visit and inspection of Maharana Pratap ISBT and a subsequent high-level meeting chaired by the LG and attended by Delhi Transport Minister, Kailash Gahlot, the Transport Department is all set to notify new rates and norms for 'to and fro' inter-state buses utilising the iconic bus terminals.

time-read
1 min  |
September 09, 2024
The Business Guardian

Kerala High Court orders to give the accused list of documents not relied on by prosecution: Purpose of trial is to unearth truth

The Kerala High Court in the case Varghese Kuruvila v State of Keralaand Others observed and has held that the accused has a right to access all materials which was being gathered during investigation, irrespective of whether the prosecution seeks to rely upon the same.

time-read
2 mins  |
September 09, 2024
The Business Guardian

DELHI HIGH COURT ORDERS BSES TO PAY RS10 LAKH COMPENSATION TO WIFE OF MAN WHO DIED DUE TO ELECTROCUTION IN 2017

The court also stated that the mere fact that there was a leakage from the said wire of the private-consumer or shopkeeper cannot allude culpability or any negligence which being on the part of BSES and despite the known general risks associated with electricity transmission, there still remains a contingency that the incident could not have been prevented without a prior complaint made to BSES.

time-read
2 mins  |
September 09, 2024