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20 Jan 07:55
   

About our Adani Group News

Latest news on the Adani Group, an Indian multinational conglomerate with businesses in port management, power generation and transmission, renewable energy, mining, airport operations, natural gas, food processing, and infrastructure. The company was founded by Gautam Adani in 1988 and has over 100,000 employees worldwide. In April 2021, it became the third Indian company to reach a market capitalization of over $100 billion, and in April 2022, it reached over $200 billion. However, in January 2023, Hindenburg Research published a two-year investigation claiming that Adani had engaged in market manipulation and accounting malpractice. Adani denied these fraud allegations. As a result, bonds and shares of companies associated with Adani experienced a decline in value.

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