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The companies, partnered last year to set up semiconductor and display production plants in Gujarat, are believed to have disputes over incentive approval delays by Indian government.
Adani's response comes amid a $2.5 billion share sale by its flagship company, which has been overshadowed by the report that flagged concerns about the conglomerate's high debt levels.
While Adani Transmission’s stocks were worst hit, none of the group's seven listed companies escaped impact, with their stock prices falling between 10% & 27%.
From Mughal ports to Dutch wars to Bombay’s merchant dynasties, Gujarati Muslims once shaped the Indian Ocean world — long before one of their descendants took New York.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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