RSBI: shareholder activity

India's Adani starts record share sale as short sellers cause $44 billion loss

Adani forgoes selling shares worth $2.5 billion in a huge blow to the Indian businessman

Leave a Comment / Business / By

NEW DELHI (Reuters) – Gautam Adani’s parent company canceled the sale of its $2.5 billion shares in a dramatic reversal on Wednesday after criticism of short sellers in the United States wiped billions more from the value of the Indian tycoon’s shares. The withdrawal of Adani Enterprises (ADEL.NS) share offer represents a stunning setback for …

Adani forgoes selling shares worth $2.5 billion in a huge blow to the Indian businessman Read More »

Adani replied to the Hindenburg, saying that he had submitted all that had been revealed

Adani replied to the Hindenburg, saying that he had submitted all that had been revealed

Leave a Comment / Business / By

Adani issued a 413-page rebuttal to the Hindenburg Report The short selling report in the US triggered a drop in Adani shares Al-Adani says he adheres to the laws, and the necessary disclosures Adani CFO is confident of the success of the $2.5 billion share sale NEW DELHI (Reuters) – India’s Adani Group on Sunday …

Adani replied to the Hindenburg, saying that he had submitted all that had been revealed Read More »

Wall Street is rising, supported by the technological recovery

Wall Street is rising, supported by the technological recovery

Leave a Comment / Business / By

Baker Hughes falls due to lack of fourth-quarter earnings estimates Activist investor Elliott Management is involved with Salesforce Potato chips on track for biggest daily gain since November Indices rose: Dow 0.98%, Standard & Poor’s 1.41%, Nasdaq 2.09%, NEW YORK (Reuters) – Wall Street jumped on Monday, propelled higher by technology stocks as investors kicked …

Wall Street is rising, supported by the technological recovery Read More »

Goldman missed earnings estimates as deal-making declined and the consumer business took a hit

Goldman missed earnings estimates as deal-making declined and the consumer business took a hit

Leave a Comment / Business / By

(Reuters) – Goldman Sachs Group (GS.N.) on Tuesday reported a larger-than-expected 69 percent drop in fourth-quarter profit as it struggled with stagnant deal-making and slumping asset and wealth management revenues booked into its consumer business. Wall Street banks are making deep workforce cuts and streamlining their operations as deal-making activity, their main source of revenue, …

Goldman missed earnings estimates as deal-making declined and the consumer business took a hit Read More »