Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
by Glenda KWEK Agence France-Press MUMBAI, India (AFP) — Beleaguered Indian tycoon Gautam Adani denied Friday that his rise to become Asia’s richest man — a title he has lost in a phenomenal stock rout — was due to Prime Minister Narendra Modi, as shares in his conglomerate slumped again. His listed units’ combined market capitalization has collapsed by more than $100 billion since US short-seller Hindenburg Research — which makes money by betting on […]
The business empire of Gautam Adani has shed tens of billions of dollars in value on the back of a report alleging accounting fraud that the Indian tycoon’s firm has strenuously rejected. Who is Gautam Adani? Adani, 60, is a publicity-shy school dropout of humble origins who rose to become the world’s third-richest man with a fortune — until last week — of around $130 billion. Moving to Mumbai in his teens to work sorting […]
Adani Group’s ambitious share sale exceeded its subscription targets Tuesday in a relief for the Indian conglomerate, which is reeling from allegations of “brazen” corporate fraud that wiped more than $65 billion off its value. The success of India’s biggest follow-on public offer (FPO) is the first reprieve in a horror week for the sprawling business empire of Gautam Adani — still Asia’s richest man despite a bruising $36 billion hit to his personal […]
SUVA, Fiji (AFP) — Fiji on Monday challenged Australia to do more on climate change ahead of a regional summit of Pacific nations this week, warning Canberra’s reliance on coal posed an “existential threat” to low-lying islands. Prime Minister Frank Bainimarama said Australia should recognize the threat climate change poses to Pacific island nations. “I appeal to Australia to do everything possible to achieve a rapid transition from coal to energy sources that do […]
