Congress believes Adani issue can lead to more such charges, that its campaign will split the corporate world & draw a section towards Congress, and will help them woo small traders.
India needs broader base of 'national champions'. There is no wiggle room for investing more public money without fiscal maths going wrong, so some projects may have to be re-visited.
In 24 January report, Hindenburg Research said stocks of Adani Group’s 7 listed companies 'are 85% overvalued'. At least 3 of these have since seen their stock price fall by almost that amount.
Around 7,000 truck owners and drivers in Himachal Pradesh are protesting against Adani's 15 December decision to shut 2 cement plants over a dispute on freight rates.
Senior party leader Jairam Ramesh has put out a statement alleging that Modi government's ‘loud silence’ on Hindenburg allegations against Adani Group ‘smacks of collusion’.
In 2024-25, India exported $387.54 bn worth of services, against imports of $198.14 bn, earning all-time high surplus of $189.40 bn. This offset 2/3rd of goods trade deficit.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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