Legendary investor Mark Mobius said he shunned embattled Adani's share sale over debt concerns but he's still bullish on India

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mark mobius
Mark Mobius

REUTERS/Sukree Sukplang

Adani stocks have now wiped out over $100 billion in market value as botched share sale piles on trouble

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Gautam Adani sitting at a conference summit
Chairman and founder of the Adani Group Gautam Adani seen during the News18 Rising India Summit on February 25, 2019 in New Delhi, India.

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Indian tycoon Gautam Adani has abandoned a $2.5 billion fundraising effort in his latest setback following a short seller attack on his business empire

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Chairman Of Adani Group Gautam Adani poses for a profile shoot during an interview on Jlu on July 19, 2010 in Ahmedabad, India.
Share prices of companies under Indian billionaire Gautam Adani's empire are under pressure following a short seller attack.

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Indian tycoon Gautam Adani has abandoned a $2.5 billion fundraising effort in his latest setback following a short seller attack on his business empire

Tech Insider
Chairman Of Adani Group Gautam Adani poses for a profile shoot during an interview on Jlu on July 19, 2010 in Ahmedabad, India.
Share prices of companies under Indian billionaire Gautam Adani's empire are under pressure following a short seller attack.

Ramesh Dave/Mint/Getty Images

Gautam Adani isn't Asia's richest person any more after losing over $50 billion as his companies' stock rout deepens

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gautam adani
Gautam Adani

Amit Dave/Reuters

There's a massive disconnect between markets and the Fed - and Jerome Powell's messaging could fall upon deaf ears

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Happy hump day, readers. I'm senior reporter Phil Rosen. 

If the collapse of FTX has been the headline story over the last several months, it certainly feels like ChatGPT has taken the mantle for the near future. 

Adani pulls through with $2.5 billion share sale amid a stock-market storm sparked by Hindenburg's fraud allegations

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Gautam Adani talking while seated.
Gautam Adani.

Amit Dave/Reuters

Short-seller Jim Chanos warned of a US debt default black swan, slammed Tesla's rally and said bulls have dreamed up a 'nirvana' outlook in a recent interview. Here are his 11 best quotes.

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Jim Chanos
Famed short-seller Jim Chanos.

David Orrell/CNBC/NBCU Photo Bank/NBCUniversal/Getty Images

It's been a very bad month for Indian billionaires — four of the richest Indians have collectively lost about $45 billion in 2023

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Gautam Adani
Gautam Adani has lost about $36 billion in net worth this year following a massive selloff in his publicly traded companies.

Photo credit should read SAM PANTHAKY/AFP via Getty Images

Hindenburg says Adani has been 'systematically looting' India as the conglomerate accuses the short-seller of `conflict of interest'

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Gautam Adani
Gautam Adani, founder of the Adani Group.

Photo credit should read SAM PANTHAKY/AFP via Getty Images

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