** It is a tougher Ramzan this year ** Hasan stars as Bangladesh thump Ireland to clinch ODI series ** Executive Magistrate cannot proceed over an offence not committed before him ** Cabinet body okays import of LNG, fertiliser and lentil ** CPD for ‘no electricity, no payment’ deals ** Holy Ramzan begins today ** BNP urges DMP not to arrest party men without any warrant ** 120 leaders invited to Biden's 2nd Summit for Democracy ** Primary schools to remain open till April 7 ** Govt to provide house for transgender ** Bus runs over motorcyclist in Hatirjheel ** Bus-train collision snaps rail link between Dhaka and rest of country ** Low-income group people wait in a long queue in front of an OMS truck to purchase essential commodities administered by the Department of Food. This photo was taken from the Naogaon on Wednesday. NN photo ** Govt reduces hajj package cost by Tk 11,725 ** Bangladesh, Bhutan sign MoU on transit ** Moon not sighted, Ramzan begins Friday ** 17 banks facing severe liquidity crunch after violating lending limits ** Advance Eid train tickets to be sold online from April 7-11 ** 64 Bangladeshis in Interpol's red notice Arav will be added soon: Police ** Storms damage over 600 houses in Moulvibazar ** Momen urges UN to enhance engagements to address the root causes of Rohingya crisis ** Madaripur road crash: Probe body identifies 3 reasons ** A schoolboy enjoys getting drenched in the rain on a street in Old Dhaka on Tuesday. NN photo ** Skyrocketing commodity prices hit hotel industry ** 23 to walk gallows for murder in Madaripur **

Gautam Adani slips to seventh on rich list after US short seller report

29 January 2023

Reuters :
India's Gautam Adani dropped four places to become the world's seventh-richest person on Friday as the companies in his empire lost a combined $48 billion in market capitalisation since Wednesday following a scathing report by a US short-seller.
Hindenburg Research had raised concerns about high debt at the group and accused it of improper use of entities set up in offshore tax havens - a charge the group denies.
Adani has regularly been in the news in his home country due to the meteoric rise of his business empire and numerous deals.
Here are some facts about Gautam Adani, the first-generation tycoon, whose net worth dropped to $96.6 billion from $121 billion before the Hindenburg report, according to Forbes.
Adani was born on June 24, 1962, in Ahmedabad city in the western Indian state of Gujarat - from where Prime Minister Narendra Modi also comes.
He dropped out of school at the age of 15 after completing class 10.
He established the Adani Group in 1988, beginning with commodities trading.
He is married to dentist Priti Adani and has two sons, Karan and Jeet.
Elder son Karan is head of Adani Ports and SEZ, and holds an economics degree from Purdue University in the United States. Karan is married to Paridhi, the daughter of Cyril Shroff, who runs one of the biggest corporate law firms in the country.
Jeet is vice president, Adani Group finance.
Adani's brother Rajesh sits on the board of directors of the flagship company Adani Enterprises.
Gautam Adani's nephew Pranav also sits on the board of Adani Enterprises and heads the company's city gas distribution, agro, real estate and natural resources businesses.
Adani was one of many people stuck inside Mumbai's Taj Mahal Hotel when in 2008 gunmen went on a killing spree.

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