The net worth of the co-founder of Block Inc., Jack Dorsey, was hammered after the latest report Hindenburg Research accusing the payments company of ignored widespread fraud. Dorsey’s fortune plunged by $526 million on Thursday, his worst single-day decline since May, according to the Bloomberg Billionaires Index. He’s now worth $4.4 billion after the 11 per cent drop. aaa
India s central bank has asked local banks for details of their exposure to the Adani group of companies 📰 RBI Asks Local Banks for Details of Exposure to Adani Group of Companies: Reports.
The Securities and Exchange Board of India (SEBI), India s market watchdog has increased scrutiny of the deals made by the Adani Group over the past year and will study a report issued by short-seller Hindenburg Research to add to its own ongoing preliminary investigation into the group’s foreign portfolio investors, Reuters reported quoting two sources aware of the matter. aaa