Hindenburg wanted to damage our reputation: Gautam Adani; Record run continues on D-Street; more

Billionaire Gautam Adani addressed the Hindenburg allegations head-on at the AGM and said vested interests wrote the report to hurt the conglomerate in order to damage its image. He further added India will be a $25-30 trillion economy by 2050.

Speaking at the AGM of his group companies, he said, "The report was a combination of targeted misinformation and discredited allegations, the majority of them dating from 2004 to 2015. They were all settled by the appropriate authorities at that time. This report was a deliberate and malicious attempt aimed at damaging our reputation and generating profits through a short-term drive-down of our stock prices," he said.