India stocks to see slow recovery as Adani indictments weigh, analysts say: Reuters poll
India's equity markets will take time to recover from their recent sell-off because they remain overvalued, with last week's Adani indictments only adding to the pain, according to equity analysts in a Reuters poll.
Big Take Asia: The Adani Bribery Charges Rocking India
India’s Gautam Adani, one of the world’s richest men, was charged last week by US prosecutors over his alleged involvement in a $250 million bribery scheme. The indictment sent the stocks and bonds of Adani’s vast conglomerate tumbling and is the second governance crisis to hit the group in two years.
Adani Group's troubles deepened as two more credit rating agencies cut their outlook for the Indian conglomerate.
Rajya Sabha MP Mahesh Jethmalani has criticized the Congress party for its stance on the indictment against the Adani Group ...
The ports-to-power conglomerate founded by Gautam Adani has been accused of violating the Foreign Corrupt Practices Act by ...
India's Andhra Pradesh state is likely to suspend a power purchase deal linked to Adani Group due to the U.S. indictment of ...
The 62-year self-made Indian billionaire expanded his empire through deals and the backing of Indian Prime Minister Narendra ...
Adani, ranked among the world's wealthiest individuals, built his fortune in the coal business in the 1990s in India and has since been a power player in the world's most populous nation.
Adani, a major power player in India perceived as close to Prime Minister Narendra Modi, was charged Wednesday with securities fraud and conspiracy to commit securities and wire fraud at a court ...
India's Adani Group conglomerate said Wednesday it had lost almost $55 billion in a stock market rout since US prosecutors ...
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