Troubled shares, troubles shared: Adani and India Inc
Feb 1, 2023
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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.
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.