Fraud claims against Adani group spark political row in India
2023-02-03
Opposition leaders demand an investigation into the Adani Group amid allegations of financial fraud.Continue Reading
Gautam Adani’s US$58 billion wealth wipeout in six days has few parallels
2023-02-03
India’s Gautam Adani has lost more than Sam Bankman-Fried and already been wiped out almost as soon as Elon Musk, featuring the unique risks within India and inside his empire.Continue Reading
Adani Enterprises shares suspended as price falls 10% at open
2023-02-03
MUMBAI: Shares in the flagship company of beleaguered Native indian tycoon Gautam Adani were repeatedly suspended on Friday (Feb 3) as a rout triggered by accusations of accounting scams deepened. Adani Enterprises fell ten per cent at the open up and plunged by as much as 25 per centContinue Reading
Adani Enterprises shares suspended as price falls 10% at open, India’s lawmakers call for probe
2023-02-03
MUMBAI: Shares in the flagship firm of beleaguered Indian tycoon Gautam Adani were repeatedly suspended on Friday (Feb 3) because the rout triggered by allegations of human resources fraud deepened. Adani Enterprises dropped 10 per cent on the open and stepped by as much as 25 percent at oneContinue Reading
Adani’s market losses top US$100 billion as crisis shockwaves spread
2023-02-02
NEW DELHI: Adani’s marketplace losses swelled over US$100 billion upon Thursday (Feb 2), sparking worries in regards to a potential systemic influence a day after the Native indian group’s flagship company homeless its US$2. five billion stock providing . Another challenge for Adani on Thursday came whenever S& PContinue Reading
The US, China, and the Thucydides trap
2023-02-02
In 2012, the American political scientist Graham T Allison argued that the US and China were on a collision course for war. Allison claimed that fear of China had led the US to fall into the “Thucydides trap.” Allison was referring to the Greek historian Thucydides, who chronicled the war between Sparta and Athens. Thucydides […]Continue Reading
How a billionaire’s empire lost $100bn in days
2023-02-02
The business tycoon has seen billions easily wiped off his prosperity after an US expense firm’s scathing record.Continue Reading
Adani’s adversity raises the stakes for India and investors
2023-02-02
Since the Jan 24 Hindenburg report which alleged improper use by the Adani Group of offshore tax havens and stock manipulation and also raised concerns about high debt, the market capitalisation of seven listed Adani Group companies has fallen by half or nearly US$100 billion. Its dollar bonds have tumbled. ToContinue Reading
Can India survive Adani’s $100 billion collapse?
2023-02-02
Indian Prime Minister Narendra Modi can’t be happy about the Adani Group market meltdown stealing his thunder. Modi’s Bharatiya Janata Party (BJP) had planned to use this week’s annual budget to launch its argument to remain in power after next year’s national elections. Yet Modi’s plans to trim debt, support middle-class families and empower women […]Continue Reading
India central bank asks local banks for details of exposure to Adani group: Report
2023-02-02
NEW DELHI: India’s central bank has asked local banks for details of their exposure to the Adani group of companies, government and banking sources said on Thursday (Feb 2). India’s central bank and stock market regulator have sprung into action more than a week after US short-seller Hindenburg Research’s reportContinue Reading