adani empire

When the Adani Group mobilized to defend itself against accusations — leveled by US-based short sellers Hindenburg Research — that it had “engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades,” the…

NEW DELHI: Debt research firm CreditSights dialed back on the severity of some of its language describing borrowings at billionaire Gautam Adani’s empire, after the group rebutted a report last month that called it “deeply overleveraged.”…

NEW DELHI: Billionaire Gautam Adani’s ports-to-power conglomerate is “deeply overleveraged,” with the group investing aggressively across existing as well as new businesses, predominantly funded with debt, CreditSights, a Fitch Group unit,…