Adani says no refinancing, liquidity issues in bid to calm jittery investors

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. […]

As billionaire battles short-seller, ‘IndiaStandsWithAdani’ is trending online

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 […]