{"id":553315,"date":"2023-02-06T11:09:04","date_gmt":"2023-02-06T05:39:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=553315"},"modified":"2023-02-06T13:24:36","modified_gmt":"2023-02-06T07:54:36","slug":"modi-government-officials-opt-for-silence-over-adani-stock-rout","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/modi-government-officials-opt-for-silence-over-adani-stock-rout\/","title":{"rendered":"Modi government officials opt for silence over Adani stock rout"},"content":{"rendered":"<p>The Adani Group\u2019s Rs 9.8 lakh crore ($120 billion) loss in market value after Hindenburg Research accused it of fraud roughly equates to India\u2019s annual infrastructure budget. But the government has shown few signs of worry \u2014 or at least that\u2019s the impression it\u2019s giving to the markets. <\/p>\n<p>The calculus is tricky. Prime Minister Narendra Modi is considered a close ally of Gautam Adani, whose business interests often align with the government\u2019s growth goals. A show of support may assuage investors and stabilize losses for the ports-to-energy conglomerate, which abruptly dropped a Rs 19,700 ($2.4 billion) share sale this week, further sinking the stock.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Adani Group\u2019s Rs 9.8 lakh crore ($120 billion) loss in market value after Hindenburg Research accused it of fraud roughly equates to India\u2019s annual infrastructure budget. But the government has shown few signs of worry \u2014 or at least that\u2019s the impression it\u2019s giving to the markets. The calculus is tricky. Prime Minister Narendra Modi is considered a close ally of Gautam Adani, whose business interests often align with the government\u2019s growth goals. A show of support may assuage investors and stabilize losses for the ports-to-energy conglomerate, which abruptly dropped a Rs 19,700 ($2.4 billion) share sale this week, [&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-553315","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\/553315","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=553315"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/553315\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=553315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=553315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=553315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}