The Adani Group has no equivalent in many countries around the world. The report that they issued just before the market opened on January 25th was singularly the most read statement in India. It is responsible for a fifth of electricity transmission in India, maybe a similar share of the cement industry. And so what is it that Hindenburg is alleging about this enormous company?
The Adani Group, one of India’s biggest conglomerates, has come under fire from a tiny American research firm. A successful secondary share sale amid a rout in the markets leaves many questions—and proves revealing about India Inc. Our correspondent explains why Mexico is so well-placed to navigate the electric-vehicle transition. And the unlikely rise of MAGA rap artists.
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