Is There a Snake in Investors' Confidence in India?

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Malcolm Moore: Investors are nervous about other Indian companies. India's PM Narendra Modi and Gautam Adani have a relationship that stretches back to when they were both rising in their respective fields of business and politics, he says. The impact has stayed relatively contained; it hasn't really rippled out to the broader Indian economy,. MalcolmMoore: It's more symbolic than a real knock for the Indian economy.

Federal Reserve chair Jay Powell said on Tuesday that reducing inflation would take a “significant period of time”, Turkey declared a state of emergency in areas ravaged by the region’s worst earthquake in decades, and the FT’s John Reed explains how allegations of stock manipulation at Indian conglomerate Adani present a challenge to the country’s institutions.

Mentioned in this podcast:

Erdoğan declares state of emergency in Turkey after deadly earthquake

Desperate victims of Turkish earthquake victims cry, pray and wait for news

The Adani affair: the fallout for Modi’s India

Sound credit: BBC Newsnight

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

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