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Share debacle a uncommon setback for Indian tycoon Adani
Indian billionaire Gautam Adani grinned as he posed this week for pictures with Israeli chief Benjamin Netanyahu after buying one of many nation’s essential ports, in Haifa. “I promise you that within the years to come back, we are going to rework the skyline we see round us,” stated Adani, his method upbeat at the same time as his enterprise empire was dropping billions. Traders have been dumping Adani shares for greater than per week after U.S. short-selling agency Hindenburg Analysis put out a report alleging his companies have engaged in fraud and inventory value manipulation.
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