Gautam Adani Seeks to Appease Investors as Flagship Unit’s Earnings Jump

  • 📰 WSJ
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Seeking to allay investors’ concerns, Indian billionaire Gautam Adani described the current market volatility as temporary after a weekslong share-price rout

Shares of companies linked to Indian billionaire Gautam Adani plunged after short seller Hindenburg Research published a scathing report accusing his company of wide-ranging fraud.

WSJ’s Ben Foldy explains what to know. Illustration: Ryan TrefesIndian billionaire Gautam Adani sought to calm investors’ nerves on Tuesday, telling them that the current market volatility was temporary after

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

dhume Since you are above any criticism, I would like to point out your article about Modi and Adani. You said Modi killed 1000 Muslims. Please have some shame. What kind of journalism is this? Clearly, you have forsaken the truth and just have an agenda!

It looks like corruption oozes out of the pores of his oily skin.

Still nose bleedingly high PE ratio. Still so far to fall to bring in line with other industrial firms valuations. The sad thing is that it's the shareholders of all the western institutions that are going to pay for their lack of due diligence in investing in the group.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in BUSİNESS

Business Business Latest News, Business Business Headlines