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Adani Loses $110B, Sparks Protests Across India

  • #Finance
  • #India
  • #Coal
  • #Australia
  • #Mali
  • #Fraud and swindling
story
FEB 2023
Image copyright: Reuters
story last updated FEB 2023

The Spin

Pro-establishment narrative

Despite these market trends, the Indian market remains stable and reliable. Gautam Adani has said he will refund investor losses, and the government's independent regulators are already evaluating the situation. If India's economy was in the trouble, it wouldn't be projected to grow 7% in the next year — the largest projection among all major economies.

Indianexpress

Establishment-critical narrative

Prime Minister Modi has been quiet on this issue because he knows he's complicit. His own regulators should not be investigating this matter, but as the members of parliament have called for, a truly independent probe by the Supreme Court should be conducted. India's stock market isn't falling due to some malicious attack by Hindenburg, but because Adani's corporate-government corruption has finally been exposed.

NDTV

Establishment split

CRITICAL

PRO

Adani Drops To Third Richest In Asia After Stock Market Rout Knocks Off Another $12 Billion From His Fortune
ForbesJUL 2023
How Gautam Adani Lost More Than $50 Billion In A Week—And His Ranking As Asia’s Richest
ForbesJUL 2023
Gautam Adani Addresses Scrapped Public Offering In First Public Remarks Since Hindenburg Allegations
ForbesJUL 2023
Indian tycoon Gautam Adani has abandoned a $2.5 billion fundraising effort in his latest setback following a short seller attack on his business empire
Business InsiderJUL 2023
Adani Shares Plummet in Wake of Scrapped Share Sale
Wall Street JournalJUL 2023
What's happening with Adani Group? Hindeburg's fraud claims explained
NBCJUL 2023
India opposition MPs seek Adani probe as group losses top $100bn
Al JazeeraJUL 2023
How Asia's ex-richest man lost nearly $50 billion in just over a week
NPR Online NewsJUL 2023
Adani Group abandons share offer as crisis triggered by fraud claims escalates
GuardianJUL 2023
Adani Group’s Moment of Truth
Wall Street JournalJUL 2023
Adani stocks have now wiped out over $100 billion in market value as botched share sale piles on trouble
Business InsiderJUL 2023
Adani Group used tiny 11-employee firm to audit businesses worth $100B
New York PostJUL 2023
Gautam Adani fails to calm investors over market mayhem that wiped out billions
CNNJUL 2023

More neutral establishment stance articles

Adani Group abandons share offer in escalating crisis triggered by fraud claims that routs wealth
IndependentJUL 2023