How the $120 Billion Adani Scandal Shook India

When short seller Hindenburg Research took aim at Adani Group, it triggered a financial earthquake for tycoon Gautam Adani and his empire. What happens now could alter the future of India, and affect the prospects of Prime Minister Modi. Jeanette Rodrigues and P R Sanjai report.

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[briankagwanja]

As a Kenyan myself, I feel disgusted by the fact, that shameless criminal has already taken over our the main international airport(Jomo Kenyatta International Airport )

[bengalibackpacker]

I don’t think it shook India Bloomberg! Care about the shock came in the banking sector in West rather!

[blackman]

As an indian, I'd like to confirm that nothing is shaken here.

[avigyanmitraofficial]

Shook India? We didn't even felt any tremors. The market responded vigorously after that .

[mayanksinghfartiyal]

India's political funding is always opaque but when modi came to power there is an added level of opaqueness? What a joke of journalism!

[niksmedia]

It took 150 years for TATAs to build such a massive empire, 2 Generations of extremely aggressive business from Reliance Group to build the empire. But Adani is bigger than both of these mighty men. And this is without any tech companies. Only from traditional businesses. There is something bad.

[sunilkumargarg]

Even before Hindenberg came out with the details regarding Adanis people knew that there was a high P/E problem with the group. After the report more problems with the group were highlighted. Subsequently the group lost half in paper value. But the overall impact on the Indian Stock market as a whole has been nearly zero in the last 3 months.

[MemeBharat]

Tata and Ambani works in sector of cars and electronic, but adani has ports and airport which has no competition against him so he is growing that fast. Mainly he is focused on raw business like transport and manufacturing, builder group, more focused on green energy.

[Erickruiz]

Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $400k portfolio is down by approximately 20 %, any recommendations to scale up my ROI before retirement will be highly appreciated.

[utsavgoswami]

yes, shook it so much that credit suisse went down in switzerland

[cerveauy]

Lol nothing has shook anything. The market's stronger than ever.

[vishalkanse]

How many people did the Adani group fire or asked to resign like google, Facebook and other big companies are laying off people

[Dalorath]

That much money is capable of silencing A lot of voices through sheer power... It is valid to worry about their intentions...

[kingKabali]

What really happened is that you can buy Adani shares now.

[kishorejonnalagadda]

India PM behind Adani's, success.
India Investigation agencies like CBI and ED worked hard to get him all those properties.

[HRC]

Nothing! I say nothing has changed for common Indians. Adani lost money, that's it!

[AmazingVibes]

There is No scandal.. Adani Group will grow stronger.. India need more Adani, Ambani Tatas .. there are business people.. they contribute lot to Devlopment of the nation.. India need more Large scale companies who can take risk and take ambitious projects and implement for better India

[ThePrabutube]

Self made and yes with a little help from his powerful friends

[anksssssssss]

Thanks to hidenberg i could buy adani share at low prices, all of the adani companies have strong balance sheet and business model . Nothing to worry here .

[hk-llkv]

India's ambition and adani's ambition are different
He is a pvt individual and The govt wants the benefits of the citizens and I can say that they are making the right decisions (atleast to business cities like our town)