A spooked LIC, shares in free fall forced Gautam Adani’s hand
After withdrawing the Rs 20,000 crore FPO, his coal-to-ports conglomerate now faces a funding crisis.
3 February, 2023•12 min
0
3 February, 2023•12 min
0

More in Business
Business
Mankind needs to get its mojo back
Once a stock market darling, the pharma company is bearing the brunt of a costly acquisition.
You may also like
Business
Why Adani Power is betting billions to dominate coal’s twilight years
India’s largest private thermal power producer is taking a contrarian call to scale up in the face of weakening coal economics. The way power agreements are structured has a lot to do with it.
Business
India Inc reports bleak Q2 results on Tuesday
Losses widen for IndiGo and MobiKwik. Adani Enterprises and Indian Hotels Company see their profit dips.
Business
Conglomerates, duopolies and domination hamper India
The domination of a few business groups—conglomerates—is a defining feature of the country’s economy. This has been enabled by policy, leading to stifled innovation and hindered progress. All of this, in turn, exacerbates inequalities.







