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• Adani Group

• Meta

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Economy & Finance

Adani Group

The dispute between Adani Group and Hindenburg Research began 18 months ago when the U.S. short-seller accused the Indian conglomerate of improperly using tax havens, leading to significant market volatility and scrutiny. On Monday, Adani Group's shares faced another selloff, losing $2.43 billion in market value, after Hindenburg accused the head of India's market regulator, SEBI, of having connections to offshore funds allegedly used by Adani. Despite some recovery, the group's flagship companies experienced various degrees of decline, with Adani Green being the only one to see a slight increase. The ongoing clash between Adani and Hindenburg continues to affect investor confidence, though recent investments have helped alleviate some of the damage from earlier allegations.

Technology

Meta

Polish billionaire Rafal Brzoska and his wife plan to sue Meta over fake ads featuring his image and false information about her circulating on Facebook and Instagram. Despite notifying Meta in early July, the issue persists. The couple is considering legal action in various jurisdictions, including the U.S., if Meta remains inactive in Europe. They aim to stop Meta from profiting off harmful content and seek significant compensation to be donated to charity. Meta stated it removes scam content when discovered and is working with local authorities to combat such fraud.

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