{"id":552659,"date":"2023-02-04T09:56:32","date_gmt":"2023-02-04T04:26:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=552659"},"modified":"2023-02-04T11:01:27","modified_gmt":"2023-02-04T05:31:27","slug":"adani-rout-eases-some-relief-after-companies-market-value-almost-halves","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-rout-eases-some-relief-after-companies-market-value-almost-halves\/","title":{"rendered":"Adani rout eases, some relief after companies&#8217; market value almost halves"},"content":{"rendered":"<p>The pressure on Gautam Adani\u2019s indebted conglomerate eased a little on Friday after two global rating firms stuck with their calls on its credit profile, capping a tumultuous seven days that saw the market value of his companies plunge by almost half since short-seller Hindenburg Research\u2019s scathing report. <\/p>\n<p>Friday was a relatively less damaging day in the stock rout that\u2019s wiped out about $112 billion from 10 Adani Group firms since US-based Hindenburg claimed last week that offshore shell entities were used to inflate revenues and manipulate stock prices. Shares of flagship Adani Enterprises Ltd. erased an intraday loss of 35% to end 1.4% higher amid a series of big trades. Six of the other nine stocks finished lower.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pressure on Gautam Adani\u2019s indebted conglomerate eased a little on Friday after two global rating firms stuck with their calls on its credit profile, capping a tumultuous seven days that saw the market value of his companies plunge by almost half since short-seller Hindenburg Research\u2019s scathing report. Friday was a relatively less damaging day in the stock rout that\u2019s wiped out about $112 billion from 10 Adani Group firms since US-based Hindenburg claimed last week that offshore shell entities were used to inflate revenues and manipulate stock prices. Shares of flagship Adani Enterprises Ltd. erased an intraday loss of [&hellip;]<\/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-552659","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\/552659","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=552659"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/552659\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=552659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=552659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=552659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}