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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.

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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.”

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Bihar news

BPSC 70th prelims result 2024 out: Here’s direct link to check

The BPSC has also released the cutoff marks for the CCE, providing candidates with valuable insight into the performance benchmarks. The cut-off scores vary across different categories, reflecting the commission’s commitment to inclusivity and equal opportunity. 

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The Bihar Public Service Commission (BPSC) released the results for the 70th Preliminary Examination on January 23, 2025. Candidates can view their results on the official BPSC website, bpsc.bih.nic.in. The results include those for the Combined Competitive Examination (CCE), Finance Administrative Officer, and Child Development Project Officer positions.

This year’s examination covered a wide range of posts, including those under the Combined Competitive Examination (CCE), Finance Administrative Officer (FAO), and Child Development Project Officer (CDPO). The release of these results marks a significant step forward for thousands of candidates pursuing careers in public service within Bihar.

The BPSC 70th Preliminary Examination, conducted on December 13th and January 4th, 2025, witnessed a massive turnout of 328,990 candidates. This substantial number underscores the immense competition and the high stakes involved in securing a government position in Bihar. The results, however, reveal a more selective outcome.

A total of 21,581 candidates successfully cleared the preliminary round for the CCE, demonstrating their competence and readiness to progress to the subsequent stages of the recruitment process. For the specialized roles of FAO and CDPO, a considerably smaller, yet still significant number of candidates qualified. 61 individuals successfully passed the preliminary examination for FAO positions, while 144 candidates qualified for CDPO posts.

The BPSC has also released the cutoff marks for the CCE, providing candidates with valuable insight into the performance benchmarks. The cut-off scores vary across different categories, reflecting the commission’s commitment to inclusivity and equal opportunity. 

Cut-off Marks:

  • Unreserved: 91
  • Unreserved Female: 81
  • EWS: 83
  • EWS Female: 73
  • SC: 70
  • SC Female: 55
  • ST/ST Female: 65

How to Check Your Results:

  1. Go to bpsc.bih.nic.in.
  2. Locate and click the “BPSC 70th Prelims Result 2024” link.
  3. A PDF containing the results will open. Download and save a copy for your records.

Examination Results: The Bihar prelims exam, held on December 13th and January 4th, 2025, saw 328,990 candidates. The following number passed:

  • Combined Competitive Examination: 21,581
  • Finance Administrative Officer: 61
  • Child Development Project Officer: 144

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India News

Har Jarurat Hogi Puri: Congress releases campaign song ahead of Delhi elections

Congress leaders, including Delhi Chief Devendra Yadav and national spokesperson Pawan Khera, expressed confidence in the anthem’s impact, emphasising its ability to capture the public mood and convey the party’s commitment to resolving Delhi’s pressing issues.

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The Congress party launched its campaign anthem, “Har Jarurat Hogi Puri, Dilli Mein Congress Hai Jaruri” (“Every Need Will Be Fulfilled, Congress is Essential in Delhi”), on Thursday, marking a significant step in its strategy for the upcoming Delhi Assembly elections.

The 2-minute 48-second song serves as a potent weapon in the party’s arsenal, aiming to capture the attention of Delhi’s electorate and sway their votes in its favour.

The anthem’s lyrics directly confront the ruling Aam Aadmi Party (AAP) and the opposition Bharatiya Janata Party (BJP), highlighting the prevalent disillusionment among Delhi’s residents regarding the current governance.

It boldly addresses critical local issues, painting a vivid picture of the city’s shortcomings under AAP’s rule. The polluted Yamuna River and the subpar quality of drinking water serve as central themes, with the powerful line “Yamuna Saaf Nahi, Pani Na Saaf Hai” (The Yamuna is not clean, the water is not clean) encapsulating the public’s growing discontent.

Beyond highlighting the existing problems, the Congress anthem meticulously outlines its own vision for Delhi, presenting a compelling alternative to the incumbent AAP government. The party pledges free electricity for households consuming up to 300 units, a promise designed to resonate with the city’s residents struggling with rising energy costs.

The ambitious “Pyari Didi Yojana,” promising a monthly allowance of Rs 2,500 to women from low-income families, aims to further strengthen the Congress’ appeal among the electorate.

Addressing the widespread concern about women’s safety in the city, the anthem criticizes the AAP government’s perceived lack of focus on this crucial issue, arguing that despite promises, women continue to feel unsafe. This pointed critique underscores the Congress’ commitment to addressing this critical aspect of governance, distinguishing its approach from its rivals.

The release of the anthem is strategically timed, closely following the BJP’s launch of its campaign song, “Jo Ram Ko Lekar Aaye Unka Raj Hoga Dilli Mein” (“Those who carry Ram will rule Delhi”). The timing underscores the intensity of the upcoming electoral battle, with both the Congress and BJP vying for the support of Delhi’s voters.

Congress leaders, including Delhi Chief Devendra Yadav and national spokesperson Pawan Khera, expressed confidence in the anthem’s impact, emphasising its ability to capture the public mood and convey the party’s commitment to resolving Delhi’s pressing issues.

The anthem’s release signifies the Congress party’s full-fledged entry into the electoral fray, setting the stage for a closely contested election on February 5th, with results due on February 8th. Over 1.5 crore voters will play a crucial role in deciding the fate of the 70-member Delhi Assembly.

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India News

ChatGPT outage affects thousands of users globally, OpenAI reacts

OpenAI swiftly acknowledged the outage, publishing updates on their dedicated status page. This transparency, while offering little in the way of immediate solutions, served to reassure users that the company was actively addressing the situation.

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On January 23, OpenAI’s popular AI chatbot, ChatGPT, suffered a significant global outage, leaving millions of users unable to access the service. The disruption affected multiple access points, including the web interface, the mobile application, and even integrations on social media platforms like X (formerly Twitter). This widespread failure quickly drew significant attention, with reports flooding in from users worldwide.

The outage tracking website, Downdetector, registered a surge in user reports, exceeding a thousand complaints within a short period. This volume underscored the scale of the disruption and the significant impact on ChatGPT’s user base.

The majority of these reports indicated a complete inability to use the chatbot, highlighting the severity of the problem. A smaller percentage of users reported encountering difficulties with the website or API, suggesting a less comprehensive but still noticeable impact.

OpenAI swiftly acknowledged the outage, publishing updates on their dedicated status page. This transparency, while offering little in the way of immediate solutions, served to reassure users that the company was actively addressing the situation.

The official statements consistently described the problem as “degraded performance” and “elevated error rates” within the API, hinting at underlying technical issues that required investigation. However, specific details regarding the root cause remained undisclosed, pending a more thorough examination.

According to reports, the outage commenced around 5 PM IST and persisted for several hours. The lack of a definitive timeline and the ongoing nature of the disruption underlined the complexity of the problem and the challenges faced by OpenAI’s engineering teams in resolving the issue.

As of the latest updates, the exact cause of the outage remains under investigation by OpenAI. The company is actively working to restore full functionality and provide a more comprehensive explanation once the underlying problem has been identified and rectified.

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