Adani saga heads for a messy closure
Wed, Jul 3, 2024 11:23 AM

Adani saga heads for a messy closure

A Flip by Shubhangi Gupta
Get it on Google Play
Hindenburg, an American researcher and short-seller, has accused India's capital market regulator SEBI of being soft on local corporate biggies, including Adani Group, and threatened to invoke the RTI law to obtain details of SEBI's meetings with Adani officials. Hindenburg's report in January 2023 accused Adani of price manipulation and accounting fraud, leading to a slump in stock prices.

More great flips

Apis Partners gets another LP for $500-mn private equity fund

Apis Partners gets another LP for $500-mn private equity fund

Apis Partners, a UK-based private equity firm, has secured another European limited partner for its third investment vehicle, which targets growth-stage financial services and infrastructure businesses in Asia and Africa. The fund aims to raise $500 million, focusing on investments in these regions. The private equity firm is expanding its investor base to achieve its funding goal.

Open Flip
Better Chip Stock: Arm Holdings vs. Intel

Better Chip Stock: Arm Holdings vs. Intel

Arm Holdings' stock has more than tripled to nearly $160 since its IPO, while Intel's shares have declined about 20%. Arm's revenue growth has been driven by its dominance in mobile CPU design, expansion into cloud and auto markets, and rising demand for AI-optimized chips. The company expects 18-27% revenue growth in FY2025. Arm's high-margin business and wider moat make it a better buy.

Open Flip
2 No-Brainer Billionaire-Owned Stocks to Buy Right Now

2 No-Brainer Billionaire-Owned Stocks to Buy Right Now

Chase Coleman's Tiger Global Management and Daniel Loeb's Third Point have outperformed the market with impressive returns. Two of their top holdings are Nvidia and Taiwan Semiconductor Manufacturing. Nvidia's revenue jumped 262% year-over-year, driven by high demand for graphics processing units (GPUs) in artificial intelligence (AI) models.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon