

Troubled shares, troubles shared: Adani and India Inc
4 snips Feb 1, 2023
Tom Easton, The Economist's Asia business correspondent, dives deep into the Adani Group's turmoil, sparked by shocking allegations from Hindenburg Research. He discusses the fallout from the stock manipulation claims and the resilience of India's corporate elite during this crisis. Additionally, the conversation shifts to Mexico's bright future as an electric vehicle manufacturing hub, navigating challenges and competition. Easton also touches on the unexpected rise of MAGA rap, exploring how it intertwines with political culture and personal stories in music.
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Adani vs. Hindenburg
- Hindenburg Research, a small American firm, accused the Adani Group, India's largest conglomerate, of fraud.
- Adani's shares plummeted, but a last-minute share sale was surprisingly successful.
India Inc.'s Solidarity
- Despite market turmoil, Adani's share sale succeeded, reducing their debt.
- This reveals how Indian firms collaborate when facing external threats.
Adani's Vast Empire
- Adani Group has rapidly grown into a massive conglomerate.
- It controls significant portions of India's infrastructure, including electricity, ports, and grain storage.