India's Gautam Adani: Asia's richest man weathering stock market panic

MUMBAI: Indian industrialist Gautam Adani is Asia's richest man, with a business empire spanning coal, airports, cement and media.The billionaire began his week the world's third-richest person but has tumbled down the rankings to seventh on Forbes' billionaires tracker after a US$22.6 billion hit to his fortune in Friday's trade, extending the week's losses to US$45 billion.

Trapped with hundreds of others, Adani reportedly hid in the basement all night before he was rescued by security personnel early the next morning. "I'm not a social person that wants to go to parties," he told the Financial Times in a 2013 interview. It grew to become India's largest at a time when most ports were government-owned - the legacy of a sclerotic economic planning system that impeded growth for decades and was in the process of being dismantled.

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Adani Group stocks add to losses from short-seller attackBENGALURU : Shares of Adani Group's listed companies fell on Friday, adding to their losses from Wednesday when U.S. short-seller Hindenburg Research launched a scathing attack on the conglomerate.Adani Transmission Ltd tumbled 19.2 per cent and Adani Total Gas sank 19.1 per cent in their biggest daily dr
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Indian shares fall as financials slide; Adani stocks tumbleBENGALURU :Indian shares opened lower on Friday as financials sustained the slide on risk aversion due to Hindenburg's report on the books of Adani group companies, which offset easing concerns of recession in the U.S.The Nifty 50 index was down 1.14 per cent at 17,683.40 as of 10:15 a.m. IST, while the S&P B Oops! Another fish fried!
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Adani Group stocks add to losses from short-seller attackBENGALURU: Shares of Adani Group's listed companies fell on Friday (Jan 27), adding to their losses from Wednesday when US short-seller Hindenburg Research launched a scathing
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