India’s Gautam Adani, the school drop-out turned billionaire who rose to become Asia’s richest man, faces possibly his biggest challenge after shares in his companies slumped when a U.S. short seller cast doubts on their business practices. | Reuters
Despite his riches the 60-year-old, who comes from a middle-class textile family, was far lesser known than other billionaires in a country where many inherit their wealth.
In a 2014 interview with Reuters, when asked if he was friends with Modi, Adani said he had friends across the political spectrum, but avoids politics. More recently, Adani has taken a pro-active approach to his public image, giving interviews to local and foreign media.Appearing in a popular Hindi TV show this month called the ‘People’s Court’, Adani sat in a mock witness box inside a courtroom setup and answered questions about his conglomerate – offering an unusual level of scrutiny.
Adani Group issued a detailed response on Sunday, saying it complies with all local laws and had made necessary regulatory disclosures. The conglomerate said Hindenburg report, which it previously said was baseless, was intended to enable the U.S.-based short seller to book gains, without citing evidence.Adani Group’s website says its vision is to balance “growth with goodness” as it aims to build assets of national relevance and transform lives through self-reliance and sustainability.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Want to make your crush fall in love with you? This viral Tiktok hack can show you howSophie Rose Lloyd is going viral on Tiktok for her “psychology love eye trick” that will supposedly make anyone fall in love.
Read more »
10 Filipino workers to sue former US employerNEW ORLEANS: As Hurricane Ida struck the Louisiana Gulf Coast in August 2021, Renato Decena and Rosel Hernandez watched the storm punch a hole in the roof of the bunkhouse where...
Read more »
Tens of thousands homeless after Madagascar tropical stormwo dozen Madagascans have died and tens of thousands been left homeless since a severe tropical storm made landfall last week and swirled for days off the island&39;s western coast, official records showed Sunday.
Read more »
Tens of thousands homeless after Madagascar tropical stormTwo dozen Madagascans have died and tens of thousands been left homeless since a severe tropical storm made landfall last week and swirled for days off the island’s western coast, official records showed Sunday.
Read more »
Nato’s Stoltenberg arrives in South Korea to deepen alliance’s ties in AsiaNato Secretary General Jens Stoltenberg has arrived in Seoul, the first stop on a trip aimed at strengthening the alliance’s ties with U.S. allies in South Korea and Japan in the face of the war in Ukraine and rising competition with China. | Reuters
Read more »
Miss Supermodel PH search seeks strong follow-up to Alexandra Mae RosalesAlexandra Mae Rosales gave the Philippines its first Miss Supermodel Worldwide victory in India in October last year, and now the country is starting its search for the woman who could possibly score a back-to-back this year. | diyarista
Read more »