Bhuma Shrivastava

Mumbai

Editor, Asia Conglomerates and Telecom at Bloomberg News

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Articles

Adani’s Global Ambitions Are The Next Casualty of Bribery Probe

Nov 26, 2024 | news.bloombergtax.com | P R Sanjai |Bhuma Shrivastava |Dan Strumpf

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
Adani’s Global Ambitions Are The Next Casualty of Bribery Probe

Nov 26, 2024 | news.bloomberglaw.com | P R Sanjai |Bhuma Shrivastava |Dan Strumpf

Hours after US federal prosecutors indicted Gautam Adani over a bribery plot last week, Kenya canceled $2.6 billion worth of airport and power transmission contracts the tycoon’s conglomerate had pitched for. It likely won’t be the only setback for the billionaire’s global ambitions after the shock US indictment that names him, his nephew Sagar Adani and associates in a $250 million bribery scheme to secure Indian solar energy contracts.
US Indictment Deflates Adani’s Global Ambitions in Kenya as Others May Follow

Nov 25, 2024 | bloomberg.com | Sanjai P R |Bhuma Shrivastava |Dan Strumpf

Hours after US federal prosecutors indicted Gautam Adani over a bribery plot last week, Kenya canceled $2.6 billion worth of airport and power transmission contracts the tycoon’s conglomerate had pitched for. It likely won’t be the only consequence that the billionaire’s global ambitions faces from the shock US indictment that names him, his nephew Sagar Adani and associates in a $250 million bribery scheme to secure Indian solar energy contracts.
Adani's Empire Grapples With Indictment of Billionaire Founder

Nov 21, 2024 | news.bloombergtax.com | Kai Schultz |Bhuma Shrivastava |Anto Antony

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
Gautam Adani Bribery Charges Impact His Net Worth, Markets Beyond India

Nov 21, 2024 | bloomberg.com | Kai Schultz |Bhuma Shrivastava |Anto Antony

Gautam Adani, one of the world’s richest people, was in good spirits Wednesday evening. Earlier in the day, the Indian billionaire’s green energy business had raised $600 million through a bond sale. Before heading to bed in the city of Ahmedabad, he relaxed by playing a card game with his wife, according to a person close to him. But around 3 a.m., a colleague delivered some shocking news: The US had charged Adani and several associates with fraud in a sprawling criminal investigation.
Deadly Fungal Outbreaks Are on the Rise Globally Since Covid

Nov 3, 2024 | bloomberg.com | Jinshan Hong |Bhuma Shrivastava

A largely unnoticed surge of rare but deadly fungi is accelerating around the world, helped by the Covid-19 pandemic and a warming planet that appears to be training them to survive at higher and higher temperatures. While the pandemic’s grisly scenes of packed intensive care units and rows of patients on intubators have largely faded from public view, its legacy in the form of driving fungal spread is only now being understood by doctors and scientists.
US hedge fund Kingdon Capital Management made 50pc on Adani short-sell attack

Jul 10, 2024 | afr.com | Bhuma Shrivastava |Bei Hu

Bhuma Shrivastava and Bei HuJul 11, 2024 – 5.00am or Subscribe to save articleEmailLinkedInTwitterFacebookSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe. Subscribe nowAlready a subscriber? An activist short seller, a New York hedge fund, a Mauritius-based investment vehicle and a broker tied to a big Indian bank: all played a role in one of the world’s most damaging short-seller attacks.
Hedge fund’s secret Adani short revealed in blow-by-blow account

Jul 7, 2024 | postguam.com | Bhuma Shrivastava |Bei Hu

An activist short-seller, a New York hedge fund, a Mauritius-based investment vehicle and a broker tied to a big Indian bank: All played a role in one of the world’s most damaging short-seller attacks. A fresh war of words between the short seller – Hindenburg Research – and India’s markets regulator has thrown up an intriguing cast of characters behind the scathing report and related bets against the Adani Group that wiped out as much as $153 billion in market value last year.
New revelations into hedge fund’s secret Adani short-selling attack disclosed

Jul 3, 2024 | timesofindia.indiatimes.com | Bhuma Shrivastava |Bei Hu

An activist short seller, a New York hedge fund and a broker tied to a big Indian bank: All played a role in one of the most-damaging short-seller attacks anywhere in the world. Here's a blow-by-blow accountA fresh war of words between the short seller — Hindenburg Research — and India’s markets regulator has thrown up an intriguing cast of characters behind the scathing report and related bets against the Adani Group that wiped out as much as $153 billion in market value last year.
Hedge Fund’s Secret Adani Short Revealed in Blow-by-Blow Account

Jul 2, 2024 | news.bloombergtax.com | Bhuma Shrivastava |Bei Hu

An activist short-seller, a New York hedge fund, a Mauritius-based investment vehicle and a broker tied to a big Indian bank: All played a role in one of the world’s most damaging <-bsp-bb-link state="{"bbDocId":"RPEDWMDWX2PS","_id":"00000190-7873-d0b4-afdb-7dffb0af0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">short-seller attacks.