Adani and his family put up an additional $1.4 billion of shares as collateral on existing debt.

The potential deal comes as NMC faces allegations by Carson Block’s Muddy Waters Capital LLC that its financial statements hint at potentia...

CEO Prasanth Manghat will be succeeded on an interim basis by Michael Davis.

Shetty founded NMC in 1975 after moving to Abu Dhabi from his native India. He created Finablr two years ago to consolidate his financial b...

“The resignation of senior board members should be viewed positively,” said Abdulla Nahlawi.

NMC’s margins are “too good to be true” relative to peers, said Muddy Waters.

Shetty, 76, a native of Karnataka state in southwest India, moved to Abu Dhabi in 1973 and founded NMC in 1975.

This would be the Indian Prime Minister's second visit to the oil-rich nation from where India has been bagging a lot of investments off la...