Bloomberg Business

Adani’s Flagship Swings to Profit Amid Short Seller Battle

Gautam Adani’s flagship firm swung to a profit and pledged to lower leverage as the Indian billionaire tries to win back investor confidence after a bruising report from a short seller wiped out more than $120 billion of his empire’s market value.

VinFast Founder Has No Plans as Yet to Inject More Money Into EV Maker

Billionaire Pham Nhat Vuong has no plans as yet to personally invest any more money in VinFast, the carmaker’s chief executive officer said, even as the Vietnamese electric vehicle firm falls behind on factory construction plans in the US and cuts staff.

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