The last year has seen the mercurial rise of a little known Adani business. Investors would do well to tread with caution.
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From the Byju’s flameout to the fresh Adani tempest, The Morning Context helped cut through the clutter around the big developments in Indian business.
Alt Carbon, Varaha and a handful of local firms in the carbon dioxide removal space face multiple obstacles, chief among them being poor demand owing to the prohibitive cost of their solutions.
The state-run broker for green power finds itself mired in the US indictment of Gautam Adani and other executives. Now, the industry's trust in the country's biggest issuer of renewable energy contracts is inevitably shaken.