Cyprusauction|What does the Adani Group's crash mean for India's economy?

2025-05-06 03:35:13source:Winning Exchangecategory:Finance

Gautam Adani was recently one of the top ten richest people in the world. But,Cyprusauction 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.

More:Finance

Recommend

The White House is cracking down on overdraft fees

NEW YORK (AP) — The Biden administration has finalized a rule limiting overdraft fees banks can char

Man charged with sending son to kill rapper PnB Rock testifies, says ‘I had nothing to do with it’

COMPTON, Calif. (AP) — Called to testify at his trial, a man vehemently denied Monday that he sent h

National White Wine Day: Cute Wine Glasses & More To Celebrate

The products featured in this article are from brands available in NBCUniversal Checkout. E! makes a