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.
Bu hikaye Financial Express Lucknow dergisinin December 17, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Financial Express Lucknow dergisinin December 17, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
ICICI Lombard Q3 net profit surges 68% to ₹724 crore
ICICI LOMBARD GENERAL Insurance on Friday posted a 68% year-on-year increase in its third-quarter net profit at ₹724 crore.
Imran Khan gets 14-year jail term in graft case
A PAKISTANI COURT on Friday sentenced jailed former prime minister Imran Khan and his wife Bushra Bibi to 14 and seven years in prison respectively after finding them guilty of corruption in the 190 million pounds al-Qadir Trust case.
RBI: Ensure nominations in all bank accounts and lockers
THE RESERVE BANK (RBI) on Friday asked banks to ensure nominations in new and all existing customers' deposit accounts and safety lockers, highlighting that a large number of accounts do not have nominations.
Jio Financial Q3 net profit remains flat at ₹295 crore
JIO FINANCIAL SERVICES on Friday reported a consolidated net profit of ₹295 crore for the quarter ended December 31, 2024, which was flat versus ₹294 crore posted in the year-ago period.
Hamas to Release First Hostages on Sunday
ISRAELI CABINET RECOMMENDS GAZA CEASEFIRE DEAL
IMF, World Bank Peg India's FY25 Growth at 6.5%
The International Monetary Fund (IMF) has retained India's GDP growth forecast to 6.5% for the current financial year, which is \"in line with potential\".
RIL's O2C segment set to bounce back in FY26
REFINING BOOST FOR SEGMENT GROWTH SEEN: ANALYSTS
Harvest tax-free capital gains
● It will reduce your future tax liability from equity holdings
Coldplay fans flock to resale sites for tickets
POPULAR BRITISH ROCK band Coldplay will be performing at the DY Patil Stadium in Navi Mumbai on January 18, 19 and 21 and at Ahmedabad's Narendra Modi stadium on January 25 and 26.
Will not attend Trump inaugural, says Nvidia CEO
Jensen Huang said on Friday he will not be attending U.S. President-elect Donald Trump's inauguration, but will instead be \"on the road\" celebrating the Lunar New Year with employees and their families.