Share prices of companies under Indian billionaire Gautam Adani's empire are under pressure following a short seller attack.
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Indian tycoon Gautam Adani pulled a $2.5 billion share sale for Adani Enterprises on Wednesday.
Shares in Adani Group companies have lost $92 billion in market cap since a US short seller's fraud allegations.
Adani himself has lost nearly $50 billion in net worth from the stock rout so far this year.
Indian business tycoon Gautam Adani pulled a $2.5 billion share sale on Wednesday after shares in his flagship Adani Enterprises extended massive losses following a short seller attack.
The stunning reversal came even though Adani Enterprises' offering was fully subscribed Tuesday thanks to institutional investors, Bloomberg reported. However, demand from retail investors was low.
"Today the market has been unprecedented, and our stock price has fluctuated over the course of the day. Given these extraordinary circumstances, the Company's board felt that going ahead with the issue would not be morally correct," Adani, who is the chairman of Adani Enterprises, said in a statement on Wednesday.
Listed companies under the Adani Group have lost $92 billion in market capitalization since Hindenburg Research, a US short seller, released a scathing report last Tuesday alleging "brazen stock manipulation and accounting fraud scheme" at the Adani Group. Shares of Adani Enterprises, the conglomerate's flagship, lost 28% in one day on Wednesday and are down 43.5% in market value this year.
The Adani Group has been defending itself vigorously, but Hindenburg has also doubled down on its initial report.
The fallout has rattled the market. The Securities and Exchange Board of India, the country's market regulator, is looking into the massive selloff, as well as any irregularities in the secondary share sale, Reuters reported on Wednesday, citing a source with direct knowledge of the matter.
Adani himself has lost nearly $50 billion in net worth from the stock rout this year so far, costing him the crown as Asia's richest person, per the Bloomberg Billionaires Index.
Adani is now worth about $72 billion, falling behind fellow Indian billionaire Mukesh Ambani. The latter, who is the chairman of conglomerate Reliance Industries, is now the world's richest Asian, with a fortune of $81 billion.
The Securities and Exchange Board of India and the Adani Group did not immediately respond to Insider's requests for comment.
Twitter is going to allow creators to get paid for tweets as soon as next week.
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Elon Musk said Twitter will launch a feature allowing creators be paid for their tweets next week.
Musk has talked frequently about such plans since buying Twitter, and said a "beta" is coming next week.
In November, Musk claimed Twitter will pay creators a higher proportion of ad revenues than YouTube.
Elon Musk said Twitter will introduce an early version of a long-teased new feature on the platform allowing creators to be paid for their tweets as soon as next week.
Musk responded to a tweet on Tuesday by a user who said Twitter's co-tweet feature which lets users co-author tweets together is "stupid af" to which Musk responded: "You're welcome. Axed them yesterday to focus on enabling writers to add essays as attachments to tweets.
"Combined with improvements to creator subscriptions (fka superfollow), you will be able to publish directly on Twitter & get paid for it."
He added that a "Beta version" of this feature would be launching next week.
In an additional tweet, Musk said the company is also "reviewing" ad-revenue share for adverts in a creator's tweets so they can "create an interesting thread and get paid for it!"
Twitter did not immediately respond to a request from Insider for further comment regarding the new feature.
Musk has been promising a monetization model for different types of content on Twitter since his $44 billion takeover in October.
At the time Musk said Twitter planned to surpass YouTube's rate of paying creators 55% of total ad revenue from their videos. "We can beat that," Musk tweeted in November.
Meanwhile, Musk has been busy exploring avenues to pay off part of the $13 billion loan he used to acquire Twitter. He has been in talks with backers to raise $3 billion to pay off part of this debt, according to the Wall Street Journal.
However, Musk has since responded to a tweet asking him if this news is accurate saying "no."
EY's Ginnie Carlier says to "flip the script" if you want to get into the accounting firm and interview your interviewer.
Courtesy of Ginnie Carlier
EY's Ginnie Carlier gives her advice for how to get a job at an accounting firm.
The Big Four accounting firm values lifelong learners and candidates with an "adventure mindset."
She says to ask about an interviewer's role models within the company or outside of it.
This as-told-to essay is based on a conversation withGinnie Carlier, the vice chair of talent atEY Americasfrom Denver, Colorado, about how to get into the Big Four accounting firm. The following has been edited for length and clarity.
When I started my career nearly 30 years ago as an assurance professional — which involved verifying financial statements and company records and checking compliance with regulatory guidelines — I never imagined that I'd have the opportunity to work around the world and one day lead talent for EY Americas.
I joined EY in its Cleveland, Ohio, office in 1993, then moved within the firm to EY's Silicon Valley office in 2000 to work with high-growth tech companies of the dot-com era. Over time, I cultivated an adventure mindset that helped me seize opportunities, like a transfer to Dubai. I also became an advocate for inclusive leadership and the power of diversity of thought. This resulted in being appointed the first diversity and inclusiveness leader for the EY Middle East and North Africa region — and later becoming the Europe, Middle East, India, and Africa assurance talent leader.
Upon my return to the US, I served as the EY US-West Region talent leader, where I prioritized the development and wellbeing of 15,000 people across 18 states. Today, as the EY Americas vice chair of talent, I lead efforts to create exceptional experiences for over 98,000 people across 31 countries.
We have a multifaceted hiring strategy that includes recruiting from community colleges, universities, professional organizations, and other strategic alliances. We leverage technology along with in-person engagement to meet candidates where they are.
We look to add people to our team who share our values
Our people are ready to show up as team players and present themselves as resilient leaders through integrity in their work and their relationships. Most importantly, our people understand the importance of always acting equitably and fairly.
We're looking for candidates who are lifelong learners and are curious about what's possible. These individuals embrace change, ask insightful questions, and are active listeners. We're looking for transformative leaders who go beyond a growth mindset to adopt an adventure mindset — just like I did! — where they aren't afraid to take on new opportunities.
A résumé should go beyond an individual's day-to-day work and accomplishments to showcase areas of interest and leadership. For instance, if someone regularly volunteers in their community, we're interested in knowing that. The same goes for leadership roles.
Many people at EY are actively involved in our professional networks — what are known as employee-resource groups — our corporate-responsibility efforts, and even people-advisory boards. These are great examples to highlight in a résumé and interview and help us understand what's important to a candidate professionally but also personally.
One trend we're seeing is résumés with a personal purpose statement. If a candidate has one, they should certainly it include and be prepared to talk about it in an interview.
One of the best things a candidate can do during the interview is bring their résumé experience to life with stories and examples
I'll never forget this one candidate who came in and completely won me over through his story and taught me a valuable lesson about looking beyond a résumé.
He was a full-time accounting student who also bartended to support his family and was interviewing for a role on our assurance-services team. He offered up his story at the start of the conversation by talking about how his work as a bartender had prepared him for a career in professional and client services. He told me why he was working so hard and his aspirations for continuing to help out his family while pursuing his goal of becoming an assurance professional.
Over the course of our conversation, he owned his narrative by focusing on how his experience would set him up for success at EY. He painted a compelling picture of how the skills he acquired bartending would translate to being a high performer at EY. This experience wasn't necessarily "traditional," but his mindset, positive attitude, and clear ability to overcome hurdles made him stand out.
When candidates share their thought process and the actions they took when faced with new and challenging situations, we can better understand their ability to adapt, overcome obstacles, and navigate uncertainty. For instance, they can share an example of how they handled a project where all the information was not known, or what happened when an assignment suddenly changed, requiring a significant pivot.
Candidates should feel empowered to ask questions throughout the process
Ask about our firm, culture, business, and teams. An interview is as much an opportunity for a candidate to get to know us as it is for us to get to know a candidate.
It may seem basic, but flipping the script on the interviewer can be a good idea. Ask the person interviewing you why they chose to join the organization — or why they've stayed for so many years. Ask about their role models within the organization or outside of it. Inquire about challenges they've faced and how they overcame them.
Nikki Haley speaks to guests at the Republican Jewish Coalition Annual Leadership Meeting on November 19, 2022 in Las Vegas, Nevada.
Scott Olson/Getty Images
Former South Carolina Gov. Nikki Haley is planning to run for president in 2024.
That would pit her against former President Donald Trump, whom she previously said she'd back.
The GOP star served six terms in state office before becoming the ambassador to the UN.
Nikki Haley plans to announce a 2024 presidential run on February 15, a spokesperson confirmed to Insider.
Former South Carolina Gov. Nikki Haley (R-SC) speaks during a campaign event for Virginia gubernatorial candidate Glenn Youngkin (L) (R-VA) July 14, 2021 in McLean, Virginia. Youngkin is running against former Virginia Gov. Terry McAuliffe.
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Former South Carolina Gov. Nikki Haley plans to run for president in 2024 and is set to announce her bid on February 15 in Charleston, reported The Post and Courier.
Her communications director told Insider's Cheryl Teh on Tuesday evening that The Post and Courier's reporting is "accurate."
But Haley has been hinting at a presidential run in recent weeks, saying she could potentially be America's new leader while speaking in a January interview on Fox News.
"Yes, we need to go in a new direction," Haley said. "And can I be that leader? Yes. I think I can be that leader."
A representative for Haley did not immediately respond to Insider's request for comment for this story.
Haley started her career in commerce and accounting before she moved into politics.
Rep. Nikki Haley with her family after winning the GOP vote in the gubernatorial primary for South Carolina, on Tuesday, June 8, 2010.
Rich Glickstein/The State/Tribune News Service via Getty Images
Haley was born Nimrata Nikki Randhawa in 1972 in Bamberg, South Carolina, to two immigrants from Punjab, India.
Her father, a professor at Punjab Agricultural University, and her mother, who earned a law degree in India, moved to South Carolina in 1969, where they both had extensive teaching careers at local institutions.
When she was 13, Haley started helping with accounting at Exotica, and later returned to the company as chief financial officer after she graduated from Clemson University, per the Seattle Times.
From 1998 to 2004, Haley was named as a board member of the chambers of commerce in Orangeburg County and Lexington, as well as the president of the National Association of Women Business Owners.
In 2004, she was elected to South Carolina's House of Representatives, where she served three terms.
Nikki Haley as South Carolina State Representative for the state's 87th district in 2009.
Tim Dominick/The State/Tribune News Service via Getty Images
Haley made history as South Carolina's first female governor in 2011.
South Carolina Gov. Nikki Haley, surrounded by three former governors, some family members of the slain nine and many legislators, signs the bill to remove the Confederate flag.
Tim Dominick/The State/Tribune News Service via Getty Images)
At 32, she was the youngest governor in the country when she took office in January 2011, and made history as South Carolina's first female governor. She was also the state's first Asian-American governor, and would go on to serve three terms in total.
As governor, Haley pledged to crack down on illegal immigration in South Carolina, signing a bill that required police to check the immigration status of anyone they stop and suspect of being in the US illegally.
As the Black Lives Matter movement grew in 2015, Haley also spoke out against what she said was a "shameful" image problem with minority voters in the GOP. "The problem for our party is that our approach often appears cold and unwelcoming to minorities," she said.
Haley later was criticized for saying in 2019 that the confederate flag was seen in South Carolina as a symbol of "service, sacrifice, and heritage," and that the Charleston shooter had hijacked its meaning. She tweeted at the time that her comment had been mischaracterized.
She was appointed as the US ambassador to the United Nations by Trump in 2016.
Nikki Haley, Permanent Representative of the United States to the UN during a Security Council Meeting.
Luiz Rampelotto/NurPhoto via Getty Images
In January 2017, then-President Donald Trump nominated Haley to become the US ambassador to the United Nations.
CNN reported that Haley had originally been considered for Secretary of State, but that she declined Trump's offer, telling him he could "find someone better."
Haley stepped down as ambassador four weeks before the 2018 November midterms, surprising some White House officials, CNN reported.
However, Trump said Haley had informed him six months earlier of her intention to "take a break" and resign. He praised Haley in his remarks, saying she "has been very special to me" and lauding her as "somebody that gets it."
Haley's political relationship with Trump has historically been tumultuous at best.
US President Donald Trump announces that he has accepted the resignation of Nikki Haley as US Ambassador to the United Nations, in the Oval Office on October 9, 2018 in Washington, DC. President Trump said that Haley will leave her post by the end of the year.
Mark Wilson/Getty Images
Haley's history with Trump, however, has not been so smooth.
"What the president is doing, everybody needs to realize that what he's doing is saying: 'Let's take a step back. Let's temporarily pause,'" she said.
After the January 6, 2021, riots at the Capitol, Haley said she felt Trump had "let us down."
"He went down a path he shouldn't have, and we shouldn't have followed him, and we shouldn't have listened to him. And we can't let that ever happen again," she told Politico.
In particular, she vehemently disapproved of how Trump failed to protect his former vice president, Mike Pence, telling Politico she was "so triggered" by his words against Pence that she had to turn off her TV.
"When I tell you I'm angry, it's an understatement," said, per the outlet.
A month after the riots, Haley wrote in an opinion article for the Wall Street Journal that she believed Trump's policies made the US "stronger, safer, and more prosperous," but that she still judged him for his actions after the election.
Meanwhile, Trump has appeared less perturbed by rumors of Haley's 2024 run than he has by the looming threat of Florida Gov. Ron DeSantis' bid. DeSantis has not declared his run yet, but he has hinted that he might.
Trump said Haley had called him to discuss her potential run, and said she "should do it," per CNN.
"I talked to her for a little while, I said: 'Look, you know, go by your heart if you want to run,'" he said.
A spokesperson for Trump did not immediately respond to Insider's request for comment.
