Ostensibly competing suppliers of imported coal, the two business groups are joined at the hip and may actually be helping each other out, finds an investigation.
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The indictment of the former big bull and his associates is seen by the regulator as a ticket to redemption. But is it really?
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.
In March, the company told stock exchanges that it was not aware of any investigation against it in the US. The DoJ indictment unsealed on Wednesday says this is not true.