{"id":604935,"date":"2023-09-21T09:54:05","date_gmt":"2023-09-21T04:24:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=604935"},"modified":"2023-09-21T10:43:19","modified_gmt":"2023-09-21T05:13:19","slug":"why-adanis-grip-on-banks-is-tighter-than-his-hold-on-markets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/why-adanis-grip-on-banks-is-tighter-than-his-hold-on-markets\/","title":{"rendered":"Why Adani&#8217;s grip on banks is tighter than his hold on markets"},"content":{"rendered":"<p>Through the turmoil of the past eight months, including a flopped share sale and a massive erosion of stock-market wealth, two of the beleaguered tycoon Gautam Adani\u2019s crucial relationships have held up surprisingly well. <\/p>\n<p>One, his proximity to India\u2019s government appears intact, even though opposition politicians have relentlessly attacked the businessman from Prime Minister Narendra Modi\u2019s home state of Gujarat for currying favors, allegations that Adani has always denied \u2014 and Modi has just ignored. <\/p>\n<p>Two, the former centibillionaire\u2019s clout with bankers seems to have escaped unscathed. The acquisitive Indian conglomerate, which expanded its assets nearly threefold in four years, continues to have sizable relationships with 20 global banks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Through the turmoil of the past eight months, including a flopped share sale and a massive erosion of stock-market wealth, two of the beleaguered tycoon Gautam Adani\u2019s crucial relationships have held up surprisingly well. One, his proximity to India\u2019s government appears intact, even though opposition politicians have relentlessly attacked the businessman from Prime Minister Narendra Modi\u2019s home state of Gujarat for currying favors, allegations that Adani has always denied \u2014 and Modi has just ignored. Two, the former centibillionaire\u2019s clout with bankers seems to have escaped unscathed. The acquisitive Indian conglomerate, which expanded its assets nearly threefold in four years, [&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-604935","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\/604935","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=604935"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/604935\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=604935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=604935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=604935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}