Bursting of Adani Bubble Due to Hindenburg Impact; Can Modi Govt Absolve of Its Responsibility?
While these lines are being written, Adani group had already lost around more than $50 billion (more than Rs. 4 lakh crore), equaling almost 20 percent of its market value (‘aggregate market capitalization’) since January 24, following the release of the “credible and well-researched” report of Hindenburg Research alleging “brazen stock manipulation and accounting fraud scheme over course of decades”[Read More…]