NEW DELHI (Reuters) – India’s Adani Group has said a U.S. short-seller’s report on the business house was a “calculated attack” on the country and its institutions while a senior executive has compared a rout of its stocks with a colonial-era massacre. <\/p>\n
Adani’s seven listed companies have lost about $65 billion in total since Hindenburg Research on Jan. 24 raised concerns about the coal-to-ports group’s high debt levels and the use of offshore entities in tax havens, charges the group has denied. Founder Gautam Adani has dropped from being the world’s third-richest person to the eighth.<\/p>\n","protected":false},"excerpt":{"rendered":"
NEW DELHI (Reuters) – India’s Adani Group has said a U.S. short-seller’s report on the business house was a “calculated attack” on the country and its institutions while a senior executive has compared a rout of its stocks with a colonial-era massacre. Adani’s seven listed companies have lost about $65 billion in total since Hindenburg Research on Jan. 24 raised concerns about the coal-to-ports group’s high debt levels and the use of offshore entities in tax havens, charges the group has denied. Founder Gautam Adani has dropped from being the world’s third-richest person to the eighth.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-551161","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/551161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=551161"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/551161\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=551161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=551161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=551161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}