Short selling Adani: how an obscure US firm profited from triggering the Indian giant's price plunge

By Mark Humphery-Jenner, Associate Professor of Finance, UNSW Sydney

A few weeks ago, Gautam Adani was indisputably India’s richest man.

Now his fortune is slipping away as the stocks of his many companies crash, thanks to the efforts of a relatively obscure US company named after the 1937 Hindenberg disaster (in which a hydrogen-filled airship caught fire, killing 98 people).

Adani’s personal fortune was an estimated US$150 billion in 2022. He catapulted past the previous richest Indian, Mukesh Ambani, on the back of the meteoric rise of Adani Group, a multinational…

Read complete article

~	Hong Kong ranks low on global press freedom index as watchdog cites ‘unprecedented’ setbacks

~	Media coverage of campus protests tends to focus on the spectacle, rather than the substance

~	The good news is the government plans to cancel $3 billion in student debt. The bad news is indexation will still be high

~	Albanese government to wipe $3 billion in student debt, benefitting three million people

~	The Indigenous Peoples Camp that calls for rights every April in Brazil

~	Pillay: Israel is helped by ‘powerful States’ in violation of Palestinians’ rights

~	Debates on campus safety in response to Palestine solidarity activism show we need strategies to navigate discomfort

~	El Salvador: Constitution “à la carte” could deepen human rights crisis in coming years

~	Arrest Warrant Issued for Former Central African Republic President

~	With eyes on Gaza, violations against West Bank journalists multiply