Indian billionaire Gautam Adani has refuted a report by U.S.-based short-seller Hindenburg Research, saying that it contains “targeted misinformation” aimed at tarnishing the conglomerate’s reputation. The Hindenburg report, published on Jan. 24, accused the Indian conglomerate Adani Group—which is led by Mr. Adani—of engaging in stock manipulation and accounting-fraud schemes over decades. At the company’s…
Indian Tycoon Adani Denounces Hindenburg Report as ‘Targeted Misinformation’
Hindenburg Goes Long on Twitter, Bets Against Musk
Short-seller Hindenburg Research said on Wednesday it had taken a long position in Twitter Inc. shares, sending the stock up about 8 percent, a day after the social media firm sued Elon Musk for backing out of his $44 billion deal. On Tuesday, Twitter sued Musk for violating his $44 billion deal and asked a…
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