gas

Adani market losses snowball to $100 billion on stock sale suspended

NEW DELHI, Feb 2 (Reuters) – Shares of Indian group Adani fell on Thursday after market turmoil forced the conglomerate to scrap a crucial $2.5 billion share offering, deepening its market losses to over $100 billion and raising concerns about the potential systemic impact. The withdrawal from the sale of Adani Enterprises (ADEL.NS) shares marked …

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Gautam Adani loses Asia’s richest crown as stock rout worsens to $84bn

BENGALURU, Feb 1 (Reuters) – Indian tycoon Gautam Adani lost his title as Asia’s richest person on Wednesday as the rout of his conglomerate’s biggest companies worsened to $84 billion following a a report on short sellers. A Hindenburg Research report last week alleged the group’s misuse of offshore tax havens and stock manipulation, as …

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Crucial sale of Adani shares 85% subscribed as institutions inject funds

MUMBAI, Jan 31 (Reuters) – Indian billionaire Gautam Adani’s $2.5 billion share sale edged closer to full subscription on Tuesday as investors pumped in after a tumultuous week for his group in during which its shares were ravaged by a scathing report on short sellers. The secondary sale of shares in flagship Adani Enterprises (ADEL.NS) …

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Indian Adani begins record sell-off in shares as short seller triggers $44bn rout

MUMBAI, Jan 27 (Reuters) – Shares of Indian firm Adani Enterprises (ADEL.NS) fell 15% on Friday as a scathing report from a U.S. short seller sparked a rout at the conglomerate’s listed companies , casting doubts on how investors will react to the company’s record $2.45 billion secondary sale. Seven listed companies in the Adani …

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Hindenburg shorts India’s Adani Group, flags debt and accounting issues

BENGALURU, Jan 25 (Reuters) – Hindenburg Research said on Wednesday it holds short positions in Indian group Adani, accusing the conglomerate of extensive and abusive use of entities based in offshore tax havens and raising concerns about the level high debt. The report, which comes days before a $2.5 billion share offering by flagship Adani …

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UK’s National Grid will pay people to use less energy during the cold snap

LONDON, Jan 23 (Reuters) – Britain’s National Grid (NG.L) said it would pay customers to use less electricity on Monday night and had asked for three coal-fired generators to be warmed up in case they are needed. the country is facing a cold snap. The group said it would activate a new program called Demand …

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Storm cuts oil, gas and power generation in the United States, pushing prices up

Dec 23 (Reuters) – Bitter cold and gusty winds on Friday knocked out power and shut down power generation across the United States, sending heating and electricity prices soaring as people braced for the parties. Winter Storm Elliott brought sub-freezing temperatures and severe weather warnings to about two-thirds of the United States, with cold and …

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More restrictions on Biden’s oil and gas are on the horizon

Despite pleading with oil and gas companies to increase production in recent months, to tackle global shortages and rising prices, President Biden is once again hitting the industry hard by proposing a bigger cut emissions in operations. And he’s not alone, as the UK and EU seek to reduce gas flaring and venting practices to …

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Oil companies shadow state hearing on windfall tax

A Shell station in San Luis Obispo County was charging more than $7 a gallon at the end of September. Chloe Jones cjones@thetribunenews.com Are oil companies exploiting Californians for record profits? How can state regulators prevent refineries from shutting down for maintenance at the same time? What are the best approaches to prevent future gas …

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