{"id":552918,"date":"2023-02-04T11:12:24","date_gmt":"2023-02-04T05:42:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=552918"},"modified":"2023-02-04T13:22:10","modified_gmt":"2023-02-04T07:52:10","slug":"adanis-rs-8-8-lakh-crore-crisis-shakes-investors-faith-in-india","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adanis-rs-8-8-lakh-crore-crisis-shakes-investors-faith-in-india\/","title":{"rendered":"Adani&#8217;s Rs 8.8 lakh crore crisis shakes investors&#8217; faith in India"},"content":{"rendered":"<p>Just 10 days ago, Gautam Adani and his sprawling energy-to-ports empire looked invincible. Now, a damning short-seller attack has left the billionaire battling the worst crisis of his corporate life \u2014 and is raising bigger, darker questions about India\u2019s credibility as a global growth engine and a destination for international investors. <\/p>\n<p>The Adani Group has shed $108 billion (Rs 8.85 lakh crore) in market value since Hindenburg Research accused it of stock manipulation and accounting fraud in a Jan. 24 report. But it was only when the tycoon scrapped a $2.4 billion (Rs 19,600 crore) share sale this week that the potential for lasting impact became clear. Adani\u2019s rebuttal had failed to reassure investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just 10 days ago, Gautam Adani and his sprawling energy-to-ports empire looked invincible. Now, a damning short-seller attack has left the billionaire battling the worst crisis of his corporate life \u2014 and is raising bigger, darker questions about India\u2019s credibility as a global growth engine and a destination for international investors. The Adani Group has shed $108 billion (Rs 8.85 lakh crore) in market value since Hindenburg Research accused it of stock manipulation and accounting fraud in a Jan. 24 report. But it was only when the tycoon scrapped a $2.4 billion (Rs 19,600 crore) share sale this week that [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,234],"tags":[],"class_list":["post-552918","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-power-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/552918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=552918"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/552918\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=552918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=552918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=552918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}