Current:Home > StocksWhat does the Adani Group's crash mean for India's economy? -Momentum Wealth Path
What does the Adani Group's crash mean for India's economy?
View
Date:2025-04-18 01:19:18
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! (556)
Related
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Eyes on the road: Automated speed cameras get a fresh look as traffic deaths mount
- Ohio woman who disappeared with 5-year-old foster son she may have harmed now faces charges
- Number of American workers hitting the picket lines more than doubled last year as unions flexed
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Youth baseball program takes in $300K after its bronze statue of Jackie Robinson is stolen
- Average long-term US mortgage rate rose this week to 6.77%, highest level in 10 weeks
- Daytona 500 starting lineup set after Daytona Duels go to Christopher Bell, Tyler Reddick
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Vanessa Hudgens spills on working out, winding down and waking up (including this must-have)
Ranking
- Meta donates $1 million to Trump’s inauguration fund
- Virginia lawmakers advancing bills that aim to protect access to contraception
- Top takeaways from Fulton County D.A. Fani Willis' forceful testimony in contentious hearing on whether she should be removed from Trump Georgia 2020 election case
- Gwen Stefani receives massive emerald ring for Valentine's Day from Blake Shelton
- Senate begins final push to expand Social Security benefits for millions of people
- Gun rights are expansive in Missouri, where shooting at Chiefs’ Super Bowl parade took place
- Pregnant woman found dead in Indiana in 1992 identified through forensic genealogy
- Gun rights are expansive in Missouri, where shooting at Chiefs’ Super Bowl parade took place
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
Recession has struck some of the world’s top economies. The US keeps defying expectations
Before Russia’s satellite threat, there were Starfish Prime, nesting dolls and robotic arms
Matthew Morrison Reveals He Was Quitting Glee Before Cory Monteith's Death
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
Biden administration looks to expand student loan forgiveness to those facing ‘hardship’
Ye addresses Shaq's reported diss, denies Taylor Swift got him kicked out of Super Bowl
Mystery Behind Pregnant Stingray With No Male Companion Will Have You Hooked