in

What next for Gautam Adani’s embattled empire?

Gautam Adani, billionaire and chairman of Adani Group, during an event at the Port of Haifa in Haifa, Israel, on Tuesday, Jan. 31, 2023. Adani, the Indian billionaire whose business empire was rocked by allegations of fraud by short seller Hindenburg Research, said his company will make more investments in Israel. Photographer: Kobi Wolf/Bloomberg via Getty Images

GAUTAM ADANI is no stranger to ambush. In 1998 the Indian tycoon was kidnapped and reportedly released for a multimillion-dollar ransom. In 2008 he was at the Taj Mahal Palace Hotel in Mumbai during a terrorist attack, and spent a night hiding in the basement. Now he faces an assault of a different kind—not on his person but on the conglomerate that bears his name.

In the space of a week a staggering $92bn, or two-fifths, has been wiped…


Posted by Editor

Don’t expect Dallas to host a Super Bowl any time soon

Bear Hugs and Dad Jokes: Ron Klain’s Tearful Goodbye