Tycoon Gautam Adani has lost his title of Asia's richest person as a rout in his conglomerate's stocks deepened since the Hindenburg Research report. Gautam Adani is not the richest Indian in the world anymore, it is Mukesh Ambani now. A report by Hindenburg Research last week alleged improper use of offshore tax havens while flagging concerns about high debt and the valuations of seven listed Adani companies. Meanwhile, as the row over the report escalates, #IndiaStandsWithAdani was among the top trends of twitter, with several Indians voicing support for the tycoon.
