By Swansy Afonso, Divya Patil and Clara Ferreira Marques For decades, Anil Agarwal cultivated a reputation as one of India’s great survivors. Starting as a scrap metal dealer, the billionaire magnate built a mining conglomerate to rival any other, weathering cash crunches, government friction and disputes with Indigenous people over expansion plans.
Adani Group companies have seen more than $135 billion of equity market value wiped out since the explosive Hindenburg Research report, but none is hit as bad…
The Adani Group said its companies have reduced their debt burden, as the empire backed by Asia’s richest person sought to rebut a report saying its finances…
Risk off had attained powerful momentum globally back in July. De-risking/deleveraging dynamics were increasingly fomenting illiquidity, contagion and instability across global markets.