The Adani crisis triggered an investigation by regulators, briefly stalled parliamentary proceedings and triggered street protests by opposition parties, who accused the government of favoring the group. On Tuesday, Indian Home Minister Amit Shah refuted the allegations, saying that Prime Minister Narendra Modi’s party has “nothing to hide or fear” over the Adani Group controversy. […]
The move would require lenders to issue some shares of Adani group companies that were pledged as collateral, Bloomberg reported, citing a person with knowledge of the matter. As per reports, the group has not faced margin calls on these pledges and is actively seeking prepayments. Bloomberg reported that the main priority is to address […]
Many Indians voiced their support for Gautam Adani on Tuesday as the school-dropout billionaire sealed a $2.5 billion share sale amid criticism from a US short-seller. “IndiaStandsWithAdani” was one of the top trending hashtags on Twitter in response to Adani Group shares totaling $65 billion in losses since last week’s Hindenburg Research report, which expressed […]
India’s Gautam Adani: Asia’s richest man in the eye of the storm
