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Adani - 2 India's - 1 Gautam Adani - 1 Sagar Adani - 1 Ranjit Gupta - 1 Rupesh Agarwal - 1 Saurabh Agarwal - 1 Cyril Cabanes - 1
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Search resuls for: "shortseller"


9 mentions found


☆ Adani Group shares nosedive after chairman Gautam Adani charged with fraud in New York
  + stars: | 2024-11-21 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com   time to read: +2 min
Signage of Adani Group at Adani Defence and Aerospace booth during the Aero India 2023 at Air Force Station Yelahanka in Bengaluru, India, on Monday, Feb. 13, 2023. India's Adani Group saw shares of its companies plunge Thursday after its billionaire chairman Gautam Adani was indicted in a New York federal court over his alleged involvement in an extensive bribery and fraud operation. The Indian group's flagship firm Adani Enterprises fell 10%, while the company in the eye of the storm Adani Green Energy tanked 17.28%. Adani Energy fell 20%. Adani Power lost 13.81%, Adani Port's share price dropped 10%, while the group's retail arm Adani Wilmar shed 7.87%.
Persons: India's, Gautam Adani, Adani, Sagar Adani, Ranjit Gupta, Rupesh Agarwal, Saurabh Agarwal, Cyril Cabanes, Deepak Malhotra, CDPQ, shortseller, Hindenburg, Raymond James ', Matt Orton Organizations: Adani Defence, Aerospace, Aero, Air Force, India's Adani, Adani Enterprises, Energy, Adani Energy, Adani Power, NSE, Adani Green Energy, Power, Quebec, U.S, Hindenburg Research, CNBC Locations: Bengaluru, India, New York, U.S, Brooklyn
☆ SEC is unhappy that Elon Musk did not give testimony to the financial regulator to attend a SpaceX launch
  + stars: | 2024-09-21 | by ( Brent D. Griffiths | ) www.businessinsider.com   time to read: +4 min
US Magistrate Judge Laurel Beeler said in February that Musk viewed the SEC's investigation as "baseless and harassing." In the regulator's view, Musk should have known about the launch and made proper arrangements beforehand. Spiro also argued that Musk's attendance at the SpaceX launch was exactly the type of emergency that the court order agreed could lead to rescheduling. Related stories"The last time the SEC went hysterically running into court, they were told to 'put their big boy pants on,'" Spiro wrote in an email to BI. "Just want to that the Shortseller Enrichment Commission is doing incredible work," Musk wrote on Twitter.
Persons: —, Elon, Robin Andrews, Musk, Laurel Beeler, Andrews, Alex Spiro, Spiro, Tesla Organizations: Service, US Securities and Exchange Commission, Twitter, SEC, Business, Polaris, SpaceX Locations: California, Florida, Los Angeles
☆ GQG adds more Nvidia as chipmaker has a 'new leg', says CIO
  + stars: | 2023-06-01 | by ( Carolina Mandl | ) www.reuters.com   time to read: +3 min
Fort Lauderdale, Florida-based GQG, which manages almost $100 billion in assets, added 8.2 million shares in Nvidia in the first quarter, worth $2.3 billion then, according to a regulatory filing. Since then, GQG has "meaningfully increased" its position in Nvidia, Chief Investment Officer Rajiv Jain said in an interview. The chipmaker is likely to give a boost to funds which have invested in it, as Nvidia's shares have more than doubled year to date amid an artificial intelligence boom. Two years ago, concerned about the company's high valuation, GQG had dumped all its Nvidia's shares, just to invest again in the first quarter. "Now Nvidia has gotten a new leg because of the ChatGPT-lead, AI narrative, which is very strong," said Jain, explaining his decision to reinvest.
Persons: Nvidia Corp's, GQG, Rajiv Jain, Jain, Adani, “ There's, Carolina Mandl, Susan Fenton Organizations: YORK, Nvidia, GQG Partners, Adani, Energy, Bloomberg, Thomson Locations: Australia, Fort Lauderdale , Florida, India, Adani, U.S
☆ Adani Group suspends work on $4.2 bln project in India's Gujarat - PTI
  + stars: | 2023-03-19 | by ( ) www.reuters.com   time to read: +1 min
March 19 (Reuters) - Adani Group has suspended work on a 349 billion rupee ($4.2 billion) petrochemical project at Mundra in India's western Gujarat state as it focuses on consolidating operations and addressing investor concerns after the Hindenburg shortseller report, according to the Press Trust of India. Adani Group did not immediately respond to a Reuters' request for a comment. On Jan. 24, Hindenburg Research alleged stock manipulation and improper use of tax havens, and flagged concerns over debt levels at the company, which Adani has denied. India's top court has since asked market regulator SEBI to investigate Adani Group for any lapses related to public shareholding norms or regulatory disclosures. read more($1 = 82.5200 Indian rupees)Reporting by Jahnavi Nidumolu in Bengaluru; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.
☆ A biotech company that once claimed to have a 'cure' for COVID-19 just filed for bankruptcy, sending shares plunging 61%
  + stars: | 2023-02-13 | by ( Morgan Chittum | ) www.businessinsider.com   time to read: +2 min
Sorrento Therapeutics plunged as much as 61% on Monday after the biotech company filed for bankruptcy. The company made headlines in 2020 after its founder claimed Sorrento discovered a COVID-19 "cure." Sorrento surged 243% in a day after the exec's comments, and later landed in the crosshairs of shortseller Hindenburg. Hindenburg released a scathing report on the biotech firm following Ji's comments, which caused Sorrento's stock to drastically decline in value. Over two years later the company has landed in bankruptcy court amid mounting debt and ongoing lawsuits, causing investors to offload shares and cut the company's stock value by more than half.
☆ Analysis: Adani's adversity raises the stakes for India and investors
  + stars: | 2023-02-02 | by ( Tom Westbrook Vidya Ranganathan | Tom Westbrook | Vidya Ranganathan | ) www.reuters.com   time to read: +5 min
Foreign investors, many of them already underweight what they consider an overpriced stock market, are reducing exposure. "Only Adani Group is trading with these ridiculously high multiples, and that is the core of the problem." "At this point in time, I don’t think it’s a systemic risk," said Jimmy Lim, chief investment officer at Modular Asset Management in Singapore. "We don't think that there's going to be a default anytime soon, although I don't expect any kind of near-term resolution between Adani Group and Hindenburg," Chao said. Yet Chao expects the selloff to help bring Indian stock valuations to more "palatable levels" for investors.
☆ Gautam Adani, one of India's most powerful men, suffers a rare defeat
  + stars: | 2023-02-01 | by ( Shivam Patel Aditi Shah Aditya Kalra | Shivam Patel | Aditi Shah | ) www.reuters.com   time to read: +4 min
On Tuesday, the Adani group appeared to have fought back the attack by the New York-based short-seller Hindenburg and rallied investors behind the $2.5 billion share issue of flagship firm Adani Enterprises (ADEL.NS). It was a rare defeat for a man who has seemed unstoppable in recent years. In recent years, the $220 billion Adani Group empire has attracted foreign investment - France's TotalEnergies (TTEF.PA), for example, partnered with Adani last year to develop the world's biggest green hydrogen ecosystem. On Wednesday, Adani said his company felt it wasn't "morally correct" to proceed with the share sale following the volatility in the market. But he said in a statement to the exchange the company was financial stable and that the withdrawal of the share issue will not impact its future plans.
☆ Adani Group sheds $50 billion in market value as the world's richest Asian weathers accusations of 'stock manipulation'
  + stars: | 2023-01-27 | by ( Zahra Tayeb | ) www.businessinsider.com   time to read: +2 min
Adani Group – owned by Asia's richest man – has lost over $50 billion in market value in less than two days, per Bloomberg. The plunge follows a Hindenburg Research report this week accusing the Indian conglomerate of market manipulation. Shares in Adani Enterprises tumbled more than 19% Friday as the rout intensifies. At the time of writing, Adani Enterprises' stock was down about 15% to 2,848 rupees ($34.93). Meanwhile, Billionaire investor Bill Ackman voiced his support for Hindenburg Research's report, saying on Twitter Thursday that "I found the Hindenburg report highly credible and extremely well researched."
☆ Gautam Adani — the world's richest Asian — saw his net worth crash by more than $5 billion in a day after a short-seller targeted his business empire
  + stars: | 2023-01-26 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +3 min
Indian billionaire Gautam Adani's fortune crashed $5.5 billion on Wednesday to $113 billion. Hindenburg said that the moves pushed up stock prices in seven key listed companies under the Adani Group, which in turn helped boost the industrialist's net worth by over $100 billion in three years. Adani, the chairman and founder of India-based conglomerate Adani Group, has been under the limelight in the last few years for his soaring net worth which gained over 50% in 2022, according to the Bloomberg Billionaires Index. Adani ended 2022 with a $121 billion fortune, but that is now down to $113 billion after the scathing Hindenburg report. Gautam Adani did not immediately respond to Insider's request for comment sent via the Adani Group.
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