English हिन्दी
Connect with us

India News

Hindenberg Row: Gautam Adani out of top 20 list of world’s richest list, shares slip up to 60% after report

On January 25, Hindenburg released a 32,000-word report regarding the Adani Group. The findings of the report included 88 questions.

Published

on

Gautam Adani

Veteran industrialist Gautam Adani’s net worth has suffered a major setback ever since the Hindenburg report became public. Where till some time ago he was at number three in the list of the world’s rich, now he is not even in the top 20.

According to Bloomberg’s Billionaire Index, Gautam Adani has dropped out of the top 20 rich list and has currently reached number 22. Gautam Adani has lost about $ 10 billion in a single day. On the other hand, the wealth of Facebook founder Zuckerberg has increased by $ 12.5 billion and he has reached the 13th place in the list of the world’s richest people.

Adani’s net worth decreased by $ 58 billion

Adani’s net worth was $155.7 billion in September. The net worth stood at $92.7 billion on Monday. Till December, Adani was the only rich among the world’s top rich whose wealth had jumped that year. But now the industrialist has now slipped to number 22 among the world’s richest.

Read Also: SpiceJet staff and passengers at Delhi Airport get into a spat after flight to Patna gets delayed | Watch

What’s in Hindenburg’s recent report?

On January 25, Hindenburg released a 32,000-word report regarding the Adani Group. The findings of the report included 88 questions. It claimed that the group has been involved in stock manipulation and account fraud for decades. It further stated that Adani Group founder Gautam Adani’s wealth has increased by $1 billion to $120 billion in three years due to rising share prices. During this period, the shares of 7 companies of the group have increased by an average of 819 percent.

NSE puts 3 Adani firms under surveillance

The Adani Group’s woes continue to mount as the National Stock Exchange (NSE), Thursday, put Adani Ports, Adani Enterprises, and Ambuja Cements under additional surveillance measure (ASM) framework from February 3 (Friday). This will require 100 precent margin to trade in their shares and will likely curb short selling. The NSE explained the measure on its official website, stating that “Additional Surveillance Measures (ASM) on securities with surveillance concerns based on objective parameters viz. Price / Volume variation, Volatility etc.”

Amul hikes milk prices by Rs 3 per litre in all states, except Gujarat, check new rates

Facebook prevents man from attempting suicide in Uttar Pradesh, know how

Entertainment

Lokesh Kanagaraj’s Coolie release date confirmed, Will Jr NTR overshadow Rajinikanth this Independence Day?

Rajinikanth’s Coolie is set to release on August 14, 2025, the same day as Hrithik Roshan and Jr NTR’s War 2. Fans can expect a grand cinematic showdown this Independence Day weekend.

Published

on

Coolie vs War 2

Mark your calendars — August 14, 2025, is shaping up to be one of the biggest box-office showdowns in recent memory. Rajinikanth’s much-anticipated film Coolie, directed by Lokesh Kanagaraj, is officially set to release on the Independence Day, clashing head-on with Yash Raj Films’ War 2, starring Hrithik Roshan and Jr NTR.

Coolie release announcement stirs excitement

The makers of Coolie took to social media to break the news, with Sun Pictures posting on X: “Sound-ah yethu! Deva Varraaru #Coolie worldwide from August 14th.” Director Lokesh Kanagaraj followed up with a fiery post confirming the release date, alongside a brand-new poster featuring Rajinikanth attempting to whistle — a teaser of the mass celebration expected from fans.

Produced by Kalanithi Maran, the film features a star-studded ensemble including Nagarjuna, Upendra, Soubin Shahir, Sathyaraj, Shruti Haasan, Reba Monica John, Junior MGR, and Monisha Blessy. The project, initially announced as Thalaivar 171 in 2023, was officially titled Coolie in April 2024. Buzz also suggests a cameo by Aamir Khan, though no official confirmation has been made.

War 2: A formidable opponent

On the other side of the cinematic battlefield is War 2, the high-octane sequel to the 2019 blockbuster War. Directed by Ayan Mukerji, the film is part of YRF’s expanding Spy Universe. The action-packed sequel stars Hrithik Roshan returning as Kabir, with Jr NTR stepping in as the antagonist — a casting move that has already created immense hype among fans.

YRF confirmed the same release date on social media, with a post that read: “There will be mayhem in cinemas on 14 August 2025, worldwide.”

Coolie vs War 2: Independence Day mega clash

The simultaneous release of Coolie and War 2 sets the stage for a high-stakes South vs Bollywood showdown at the box office. With both films featuring superstar lineups, slick action, and massive fan bases, the Independence Day weekend is expected to witness record footfalls in cinemas across the country.

Continue Reading

India News

China hits back with 34% retaliatory tariffs on US goods as trade war intensifies, files complaint in WTO

: China has imposed a 34% tariff on all US imports starting April 10 and introduced rare earth export restrictions. The move comes after the US announced harsh tariffs on Chinese goods.

Published

on

China US trade war

In a sharp escalation of the ongoing trade war between the world’s two largest economies, China on Friday announced a 34% retaliatory tariff on all goods imported from the United States, effective April 10. The move follows the US decision to impose similar steep tariffs on Chinese products earlier this week.

Beijing’s finance ministry confirmed that this additional tariff will be levied on top of the current applicable tariff rates already in place. The announcement marks another chapter in the worsening trade tensions between the two nations, with global economic ramifications.

Rare earth export curbs signal broader pushback

Alongside the tariffs, China’s Commerce Ministry unveiled export controls on seven rare earth elements, including gadolinium and yttrium, which are critical in medical imaging and consumer electronics. The restriction on these materials could impact industries heavily reliant on Chinese supply chains.

The move is widely seen as a strategic countermeasure, given China’s dominance in the global supply of rare earth minerals, which are vital to several high-tech sectors.

Legal battle looms at WTO

Further intensifying the standoff, China announced plans to file a lawsuit with the World Trade Organization (WTO) challenging the US-imposed tariffs. The complaint is aimed at defending China’s trade interests and international rights under WTO regulations.

Triggered by US tariff hike under Trump

This rapid escalation was sparked after US President Donald Trump imposed 10% tariffs on a wide range of imports and introduced additional duties of 34% specifically on Chinese goods. The new tariffs are part of a broader protectionist strategy, but they risk triggering a global trade disruption.

In response, Beijing has vowed to implement “countermeasures” to safeguard its economic interests. The tit-for-tat measures highlight the deteriorating trade relationship and could have lasting impacts on global markets and supply chains.

Continue Reading

India News

Waqf Amendment Bill sparks protests in Bengal and Chennai after Parliament cleared bill, opposition terms it unconstitutional, anti-democratic

Widespread protests erupted across Kolkata, Chennai, and Ahmedabad against the Waqf Amendment Bill passed in Parliament. The inclusion of non-Muslim members in Waqf boards is at the centre of the controversy.

Published

on

Waqf bill protest

Large-scale demonstrations broke out across major Indian cities, including Kolkata, Chennai, and Ahmedabad, on Friday following the passage of the Waqf Amendment Bill in Parliament earlier this week. The protests, organised largely after Friday prayers, drew thousands to the streets voicing strong opposition to the changes introduced in the Waqf laws.

Among the key points of contention is the provision mandating the nomination of two non-Muslim members to the state Waqf boards and the Central Waqf Council, a move that has triggered widespread backlash from the Muslim community and opposition parties.

Protests intensify in multiple cities

In Kolkata, visuals showed large gatherings waving the national flag and carrying placards reading “We reject Waqf amendment” and “Reject Waqf Bill”. The demonstrations were reportedly organised by the Joint Forum for Waqf Protection.

Ahmedabad witnessed more tense scenes, with police seen attempting to disperse elderly protestors seated on the roads. In Tamil Nadu, actor-politician Vijay’s Tamilaga Vettri Kazhagam (TVK) held coordinated protests across cities like Chennai, Coimbatore, and Tiruchirappalli. TVK termed the bill “anti-democratic” and questioned its impact on the country’s secular fabric.

Political leaders raise alarms over implications

Tamil Nadu Chief Minister Mamata Banerjee also spoke out strongly, vowing to protect the rights of the Muslim community and saying that the bill would be repealed if a non-BJP government comes to power at the Centre. “I will not let the Muslims of Bengal lose their land,” she said, accusing the Centre of trying to divide the nation.

Congress leader Sonia Gandhi described the bill as a “brazen assault” on the Constitution and accused the BJP of promoting “permanent polarisation” in society. She also criticised the way the bill was passed, calling it “bulldozed through” the Rajya Sabha.

Government defends bill amid controversy

The Union Minority Affairs Minister Kiren Rijiju, backed by Home Minister Amit Shah, clarified in Parliament that the bill is prospective in nature, and not retrospective—dismissing concerns that it could affect existing Waqf properties. Rijiju also emphasised that while non-Muslim members would be part of the Waqf boards, the management and beneficiaries would continue to be exclusively from the Muslim community.

The Waqf Amendment Bill, which still awaits President Droupadi Murmu’s assent, cleared the Lok Sabha with a vote count of 288–232 and later passed the Rajya Sabha 128–95 after prolonged debates totaling nearly 30 hours across both Houses.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com