adani
By Hazel Gandhi An old photo of Rahul Gandhi standing with another individual is going viral online misidentifying the latter as Nathan Anderson - the founder of Hindenburg Research. BOOM found that the man is actually Niels Annen, a German politician in the Social Democratic Party. On January 24, New York-based short selling company Hindenburg Research released a report accusing Asia's then richest man Gautam Adani of stock manipulation and accounting fraud. The report ended up erasing $100 billion from Adani's market cap, and the company also had to withdraw its Follow-on Public Offer (FPO)....
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By Sana Fazili The top 1% of India owned over 40% of total wealth from 2012 to 2021, while the bottom 50% of the population has around 3% of total wealth, Oxfam's annual equality report released on Monday said. The report used sources like Forbes and Credit Suisse to look at the inequality of wealth in the country. It also looked at government sources like NSS, Union Budget documents and Parliamentary questions to corroborate its arguments. Oxfam India’s latest report was released on the opening day of the World Economic Forum in Davos, Switzerland. The number of billionaires in India increase...
BOOM Live
By Mohammed Kudrati India's biggest telecom auction for 5G spectrum has kicked off today, with India's three established mobile communication players - Reliance Jio, Bharati Airtel and Vodafone Idea - being joined by new entrant Adani Data Networks. At its base price, the spectrum is worth ₹4.3 lakh crores (₹4.3 trillion). The auction would last all day but could spill into tomorrow if the demand for the spectrum exists and bidding continues. Each of these players paid an earnest money deposit: Jio's was the highest at ₹14,000 crores, followed by Airtel at ₹5,500 crores, cash-strapped Vodafone...
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