Page 38 - Gautam Adani

Adani takes over Haifa Port for $1.15 bn, promises to invest more in Israel

Dwells on host of key partnerships in Jewish nation, such as Elbit Systems, Israel Weapon Systems, and Israel Innovation Authority; vows to change Haifa skyline with latest deal

Adani to set up AI lab in Israel's Tel Aviv, develop real estate in Haifa

Indian tycoon Gautam Adani's ports-to-energy conglomerate will set up an artificial intelligence lab in Tel Aviv as it looks to leverage on a USD 1.2 billion Haifa port deal to make more investments in Israel. Adani, whose business empire was rocked by allegations of fraud by US short seller Hindenburg Research, appeared alongside Israeli Prime Minister Benjamin Netanyahu for signing of the deal to takeover Haifa Port in Israel, and spoke of investment opportunities. He did not make any mention of the row that has already wiped out over USD 70 billion in value from his group stocks. Adani, 60, said his group will also develop real estate at the port to transform the Haifa skyline. "We have initiated several dozen technology relationships wherein we have offered the entire Adani portfolio of companies to be a giant sandbox for us to learn together," he said in his speech. "We are also in the process of setting up an Artificial Intelligence lab in Tel Aviv which will work in close ..

Will keep investing in Israel: Gautam Adani after Haifa port takeover

Adani did not speak about his group's recent share sale or a scathing short-seller's report that has pummelled the Indian billionaire's stocks

Adani Enterprises FPO: Issue fully subscribed on the last day with NII push

Adani FPO: The interest from retail individual investors has been low, with only 11 per cent quota subscribed

Adani FPO fully subscribed after non-retail investors bid in big volumes

The Rs 20,000 crore share sale of Adani group's flagship firm was fully subscribed on Tuesday after non-retail investors bid in big volumes, according to stock exchange data. As many as 4.62 crore shares were sought as against an offer of 4.55 crore. Non-institutional investors put in bids for over three times the 96.16 lakh shares reserved for them, while the 1.28 crore shares reserved for qualified institutional buyers (QIBs) was almost fully subscribed, according to BSE data. There was, however, muted response from retail investors and company employees. Retail investors, for whom roughly half of the issue was reserved, bid for just 11 per cent of the 2.29 crore shares earmarked for them. Employees sought 52 per cent of the 1.6 lakh shares reserved for them.

Gautam Adani now no longer among world's top 10 richest billionaires

In the last 24 hours, Adani's net worth has fallen $8.21 billion, the highest among the top 100 billionaires in the list

How the 'Madoffs of Manhattan' can unravel billionaire Adani's empire

According to Hindenburg, Adani insiders already own more than 75% of four publicly traded subsidiaries with the aid of offshore shell entities

Adani's $2.5 bn FPO faces critical final day amid Hindenburg turmoil

Adani is seeking to execute the landmark share sale just as it refutes allegations by Hindenburg that the Indian conglomerate used a web of companies in tax havens to inflate revenue and stock prices

Adani scandal puts India stock regulators' reputation on the line

India has successfully differentiated itself from other EMs, and even from China, through the transparency of its markets, quality of its markets regulator and its protections for minority investors

Counting losses: Adani group stock rout hits Rs 5.6 trillion in 3 days

Shares of Adani Green Energy and Adani Total Gas hit the 20 per cent lower circuit for a second day, closing at Rs 1,189 and Rs 2,342, respectively

Fraud can not be obfuscated by nationalism: Hindenburg on Adani's rebuttal

The US-based short seller said that the Adani Group 'tried to lead the focus away from substantive issues and instead stoked a nationalist narrative'

Adani group's market rout hits $72 bn as fight with Hindenburg escalates

The three-day selloff has now erased nearly $72 billion of market value amid a share sale by Adani's flagship that was meant to underline the tycoon's ascension on the global stage

Adani Group CFO says stocks rout similar to colonial-era massacre

'This is not merely an unwarranted attack on any specific company but a calculated attack on India'

Abu Dhabi-based firm IHC to invest $400 mn in Adani Enterprises FPO

IHC subscribed to 16 per cent of Adani Enterprises worth USD 2.5 billion FPO

Adani rebuttal to Hindenburg fails to stem concern, bond plunge quickens

Hindenburg said last week that it had taken a short position in Adani's companies through US-traded bonds and non-Indian-traded derivative instruments

Adani strikes back at Hindenburg. But can he win the perception war?

The Adani group has lost $50 billion in stock-market value over two trading days

Adani group hits back at Hindenburg, insists made full disclosure

Adani's response stated that over the past decade, its group companies have "consistently de-levered"

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Gautam Adani's $2.5 bn share sale faces crucial day after rout in stocks

For 60-year-old Adani, the stock market meltdown has been a dramatic setback for a school-dropout who rose swiftly in recent years to become the world's third richest man

Adani's $2.5 billion share sale faces crucial day after Indian rout

Adani faces a critical day on Monday with his flagship company's $2.5 bn share sale's second day of bidding overshadowed by a $48 bn rout in his stocks which was sparked by a US short seller's report