Categories: Business

India’s Gautam Adani: Asia’s richest man in the eye of a storm


Sat, 2023-01-28 03:01

NEW DELHI: India’s Gautam Adani, the school drop-out turned billionaire who rose to become Asia’s richest man, faces possibly the biggest challenge of his career after a US short seller cast doubts on his business practices, hammering shares in his companies and his reputation.
Adani, whose home state is Gujarat in western India, built his business empire from scratch after starting as a commodities trader. India’s Prime Minister Narendra Modi hails from the same state and their relationship has come under intense scrutiny by Modi’s opponents for years.

Main category:
Business & Economy



Source link

gulftimes

Recent Posts

Five years after Taliban takeover, Afghan women ‘erased from public life’

Key pointsThe Talban have issued more than 100 decrees targeting women and girls, including one…

9 hours ago

Deadly attack on Red Sea ship adds to global supply chain uncertainty

Key pointsRed Sea is a vital global trade route Even greater uncertainty for shipping Seafarers must be…

9 hours ago

How to check your breasts, after Lucy Davis reveals terminal cancer diagnosis

The NHS says to check your breasts, external or chest about once a month.That helps…

10 hours ago

US ‘Digging In’ Across Indo-Pacific, Not Retreating From Asia, Pentagon Says as Allies Urged to Boost Defence

The United States has reaffirmed its long-term commitment to the Indo-Pacific, dismissing concerns that Washington…

19 hours ago

Children as young as nine hurt in growing number of e-scooter crashes

Most of the incidents in Manchester, Liverpool and Sheffield involved private e-scooters, often on public…

21 hours ago

Lebanon parliament votes to abolish death penalty

Lebanon's parliament has voted to abolish the death penalty, a move that would make it…

1 day ago