Current:Home > InvestWhat does the Adani Group's crash mean for India's economy? -WealthSpot
What does the Adani Group's crash mean for India's economy?
View
Date:2025-04-23 20:49:29
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.
veryGood! (371)
Related
- Meta donates $1 million to Trump’s inauguration fund
- Fans drop everything, meet Taylor Swift in pouring rain at Hamburg Eras Tour show
- Mega Millions winning numbers for July 23 drawing: Jackpot climbs to $279 million
- Darren Walker’s Ford Foundation legacy reached far beyond its walls
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Police seek suspects caught on video after fireworks ignite California blaze
- 10 to watch: Beach volleyballer Chase Budinger wants to ‘shock the world’ at 2024 Olympics
- Montana Supreme Court allows signatures of inactive voters to count on ballot petitions
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Netanyahu looks to boost US support in speech to Congress, but faces protests and lawmaker boycotts
Ranking
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- NFL, players union informally discussing expanded regular-season schedule
- Amari Cooper, Cleveland Browns avoid camp holdout with restructured deal
- Netanyahu looks to boost US support in speech to Congress, but faces protests and lawmaker boycotts
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- Kamala Harris uses Beyoncé song as walk-up music at campaign HQ visit
- Kamala Harris uses Beyoncé song as walk-up music at campaign HQ visit
- Survivors sue Illinois over decades of sexual abuse at Chicago youth detention center
Recommendation
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
Elon Musk Says Transgender Daughter Vivian Was Killed by Woke Mind Virus
2024 hurricane season breaks an unusual record, thanks to hot water
Hailee Steinfeld and Buffalo Bills quarterback Josh Allen go Instagram official in Paris
Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
An Alaska veteran is finally getting his benefits — 78 years after the 103-year-old was discharged
Gunman opens fire in Croatia nursing home, killing 6 and wounding six, with most victims in their 90s
Florida school board unlikely to fire mom whose transgender daughter played on girls volleyball team