Thursday, April 27, 2023

Adani Group crisis puts India's winner-take-all economy on trial

India, a rising superpower, may face unprecedented business crimes as well!

"India's Adani Group has had a rough few months since an explosive report by U.S.-based short-seller Hindenburg Research in January accused the conglomerate of stock manipulation and accounting fraud.
The scandal has prompted broader scrutiny of the tight links between government and business in India and raised questions about the so-called India Inc. model, in which a handful of large companies dominate domestic industry."

Adani crisis puts India's winner-take-all economy on trial - Nikkei Asia Under new scrutiny as election nears, India Inc. pulls back on new investments



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