Ambuja Cement and ACC decline up to 10% as Adani group stocks drop
A wider selloff in Adani group companies caused Ambuja Cement and ACC shares to drop significantly. After Hindenburg Research disclosed that it has short positions in shares of the Adani Group, which Gautam Adani only recently bought, the price of the cement companies dropped by up to 10%. Hindenburg Research expressed alarm over the Adani […]
What does Gautam Adani’s partial takeover of NDTV mean for television news?
As Prannoy and Radhika Roy are founders of the leading Indian news network New Delhi Television (NDTV). Earlier this week, they resigned from RRPR, a holding corporation that owns 29 percent of NDTV, the news channel they founded. AMG Media Network, part of the $23-billion Adani Group, obtained RRPR, initiating an open offer for an additional 26 percent. When it receives the ultimate share, Chairman Gautam Adani, the world’s third-richest man, might own over 55 percent of one […]
Gautam Adani’s group to invest $150 billion in businesses having $1 trillion valuation
Richest Asian Gautam Adani’s group to invest $150 billion across businesses ranging from green energy to data centers to airports and healthcare as it chases the dream to join the elite global club of companies with $1 trillion valuations. In recent times, Adani group’s Chief Financial Officer Jugeshinder ‘Robbie’ Singh disclosed the detailed growth plans […]
