The Week in Numbers: Indian intrigue, tech trauma

STORY: From a stock rout that stunned India, to a grim outlook from big tech, this is the Week in Numbers. First up…

Over $100 billion was the plunge in value for companies in India’s Adani Group by the end of the week.

The conglomerate has been rocked by allegations of stock manipulation by U.S. short-seller Hindenburg Research.

Founder Gautam Adani say such allegations are baseless.

"The fundamentals of our company are very strong.”

But the stock tumble has dropped him to 17th on the list of the world’s richest people.

Just days earlier he was third.

Half a percentage point was the latest rate hike at both ECB and Bank of England.

Both said that, while inflation might have peaked, the battle against rising prices was far from won.

$59 billion was the annual profit at Exxon Mobil.

That’s a record for the entire Western oil industry.

Days later, Shell beat its own record, with profits of $40 billion.

The numbers are sure to ramp up pressure for windfall taxes.

19% was the after-hours surge in price for shares in Meta.

The Facebook parent stunned Wall Street with a $40 billion share buyback and plans to slash costs.

Boss Mark Zuckerberg said this would be the “year of efficiency”.

But precisely zero is how much operating profit Amazon says it may make this quarter.

That was the bottom end of a range given by the e-commerce titan, which says it’s going to suffer as consumers cut back.

Earnings from Apple and Alphabet also disappointed investors, adding to a sense that times are getting tougher for big tech.