Adani Bubble Burst? From Global Rank 3 to 21 in Just Ten Days

Adani Bubble Burst? From Global Rank 3 to 21 in Just Ten Days

The US based Hindenburg Research report accusing the Adani Group of brazen stock manipulation and accounting fraud brought a Tsunami in the stock market and Adani group companies’ stock price tumbled like a pack of cards wiping out $108 billion market cap in ten days. As share prices tumbled, Adani fell from global rank 3 to 21 in just ten days as per Bloomberg. Is the Adani bubble burst?

End of ipod journey

The end of ‘iPod’ journey after 20 years – Cannibalization in Apple Inc.

Apple announced the end of ‘iPod’ journey on May 10, 2022, two decades after it was launched. iPod, not only changed the way people listened music but also the fortunes of Apple Inc itself when its PC business was not doing well. However, sales declined rapidly when iPhone (with iPod within it) was introduced in 2007. The advanced features of’ iPhone’ smartphone cannibalized ‘iPod’ badly leading to its closure.