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Hindenburg shorts India's Adani citing debt, accounting concerns; shares plunge - Vimarsana News

Hindenburg shorts India's Adani citing debt, accounting concerns; shares plunge

The group, which is led by Gautam Adani, the world's third richest person according to Forbes, dismissed the U.S. short-seller's claims as baseless, saying it was timed to damage its reputation ahead of a large share offering. The group's flagship firm, Adani Enterprises, will on Jan. 27 launch the country's biggest public secondary share offering, aiming to raise to $2.5 billion to fund capital expenditure and pay off some debt.

Hindenburg shorts India's Adani Group, cites debt and accounting concerns - Vimarsana News

Hindenburg shorts India's Adani Group, cites debt and accounting concerns

The group, which is led by Gautam Adani, the world's third richest person according to Forbes, dismissed the U.S. short-seller's claims as baseless, saying it was timed to damage its reputation ahead of a large share offering. The group's flagship firm, Adani Enterprises, will on Jan. 27 launch the country's biggest public secondary share offering, aiming to raise to $2.5 billion to fund capital expenditure and pay off some debt.

Domestic markets open stronger, snap two-day losing run - Vimarsana News

Domestic markets open stronger, snap two-day losing run

Mumbai (Maharashtra) [India], January 23 (ANI) The domestic markets on Monday opened with gains, snapping two-day losing run.

Schlumberger : Q4 2022 Earnings Conference Call Transcript - Vimarsana News

Schlumberger : Q4 2022 Earnings Conference Call Transcript

REFINITIV STREETEVENTS EDITED TRANSCRIPT Q4 2022 Schlumberger NV Earnings Call EVENT... | January 21, 2023

US STOCKS-Goldman, Travelers drag Dow lower as earnings season picks up - Vimarsana News

US STOCKS-Goldman, Travelers drag Dow lower as earnings season picks up

The rise in Tesla Inc after the electric-vehicle maker's January retail sales surged in China helped growth-oriented shares, but small caps and value stocks fell as fears of a recession unsettle investors. Earnings from Goldman Sachs and Morgan Stanley closed out what was a mixed bag for big banks, many of which have stashed rainy-day funds to gird against a potential downturn.