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- This grab from video released by Adani Enterprises ltd on Thursday, Feb.2, 2023 shows Indian billionaire Gautam Adani addressing investors from an unknown location. Adani called off his flagship company's $2.5 billion share sale late Wednesday after a tumultuous week saw his conglomerate shed tens of billions of dollars in market value after claims of fraud from a U.S.-based short-selling firm. (Adani Enterprises ltd via AP)
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India's Adani scraps $2.5B share sale after fraud claims
By KRUTIKA PATHI AND SHEIKH SAALIQ - Associated Press
Thu,02/02/23-2:09AM , 177 Reads
NEW DELHI (AP) — Indian conglomerate Adani Enterprises called off its $2.5 billion share offering after it lost tens of billions of dollars in market value due to fraud claims by a U.S.-based short-selling firm.
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- Adani Group Chairman Gautam Adani attends the "Invest Karnataka 2016 - Global Investors Meet" in Bangalore, India, Feb. 3, 2016. The embattled Indian billionaire called off his flagship company's $2.5 billion share share late Wednesday, Feb. 1, 2023, after a tumultuous week saw his conglomerate shed tens of billions of dollars in market value after claims of fraud from a U.S.-based short-selling firm. (AP Photo/Aijaz Rahi, File)
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Adani scraps $2.5B share sale after fraud claims hit stock
By KRUTIKA PATHI AND SHEIKH SAALIQ - Associated Press
Wed,02/01/23-1:26PM , 291 Reads
NEW DELHI (AP) — Embattled Indian billionaire Gautam Adani said Thursday his conglomerate will review its plans for raising capital after calling off his flagship company’s $2.5 billion share offering following the loss of tens of billions of dollars in market value due to claims of fraud by a U.S.-based short-selling firm.
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- Bharatiya Janata Party (BJP) workers put colored powder on a photograph of incumbent chief minister Yogi Adityanath as they celebrate early leads for the party as election officials count votes after Uttar Pradesh state elections in Lucknow, India, Thursday, March 10, 2022. India's election authority started counting votes Thursday in five states' elections that are a crucial test for Prime Minister Narendra Modi’s Hindu nationalist Bharatiya Janata Party before national elections in 2024.All results are expected to be available later in the day. (AP Photo/Rajesh Kumar Singh)
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Modi's governing party ahead in crucial state polls in India
By KRUTIKA PATHI AND SHEIKH SAALIQ - Associated Press
Wed,03/09/22-9:50PM , 508 Reads
NEW DELHI (AP) — Prime Minister Narendra Modi’s Hindu nationalist party had a commanding lead in India’s most populous state as votes were counted Thursday, despite criticism of his government’s handling of the pandemic, soaring unemployment and farmer protests.
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- Mansi Singhal, an Indian student studying in Ukraine who fled the conflict, hugs her mother after she arrived at Indira Gandhi International Airport in New Delhi, India, Wednesday, March 2, 2022. (AP Photo/Altaf Qadri)
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Indian students in Ukraine in fear as Russian invasion grows
By KRUTIKA PATHI AND SHEIKH SAALIQ - Associated Press
Wed,03/02/22-9:17PM , 600 Reads
NEW DELHI (AP) — Indian student Abrar Sheikh has been waking up to the loud thuds of bombs that have pummeled Sumy, a city in northeastern Ukraine near the Russian border, for the last three days. When he hears the sounds of shelling, he rushes to a nearby bunker, praying the bombs don’t find him.
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