What does the Adani Group's crash mean for India's economy?

2024-12-25 11:23:11 source:lotradecoin versus coinbase exchange category:News

Gautam Adani was recently one of the top ten richest people in the world. But, after a scathing report came out last month alleging him and his companies of wide-scale fraud, market manipulation and corruption, he has lost billions, and is no longer the richest person in Asia - or India.

What can this report from American firm Hindenburg Research and the events of the past two weeks tell us about the Indian business and financial environment?

Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, Spotify, PocketCasts and NPR One.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

More:News

Recommend

This house from 'Home Alone' is for sale. No, not that one.

A house featured in the cult-classic "Home Alone" is for sale − but it's not the one where Kevin McC

Colorado spoils Bronny James' first start with fierce comeback against USC

BOULDER, Colo. — After playing at less than full strength for more than a month, Colorado men's bask

Chiefs-Dolphins could approach NFL record for coldest game. Bills-Steelers postponed due to snow

KANSAS CITY, Mo. (AP) — The Kansas City Chiefs and Miami Dolphins were set to play one of the coldes