{"id":555755,"date":"2023-02-15T10:40:29","date_gmt":"2023-02-15T05:10:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=555755"},"modified":"2023-02-15T12:36:57","modified_gmt":"2023-02-15T07:06:57","slug":"adanis-flagship-swings-to-profit-amid-short-seller-battle","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adanis-flagship-swings-to-profit-amid-short-seller-battle\/","title":{"rendered":"Adani\u2019s flagship swings to profit amid short seller battle"},"content":{"rendered":"<p>Gautam Adani\u2019s flagship firm swung to a profit and pledged to lower leverage as the Indian billionaire tries to win back investor confidence after a bruising report from a short seller wiped out more than $120 billion of his empire\u2019s market value.<\/p>\n<p>Adani Enterprises Ltd., based in the tycoon\u2019s home city of Ahmedabad in western India, posted net income of 8.2 billion rupees ($99.1 million) for the quarter ended Dec. 31, it said in a filing Tuesday, compared with a loss of 116.3 million rupees in the same period last year. There weren\u2019t enough brokerages tracking the company to derive an average profit forecast.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gautam Adani\u2019s flagship firm swung to a profit and pledged to lower leverage as the Indian billionaire tries to win back investor confidence after a bruising report from a short seller wiped out more than $120 billion of his empire\u2019s market value. Adani Enterprises Ltd., based in the tycoon\u2019s home city of Ahmedabad in western India, posted net income of 8.2 billion rupees ($99.1 million) for the quarter ended Dec. 31, it said in a filing Tuesday, compared with a loss of 116.3 million rupees in the same period last year. There weren\u2019t enough brokerages tracking the company to derive [&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":[130],"tags":[],"class_list":["post-555755","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/555755","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=555755"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/555755\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=555755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=555755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=555755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}