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Critics have called out the deal, which they believe skews the balance in favour of the Adani group, effectively offering them TDRs worth billions.

FY26 numbers show that Airtel is stealing a march on its larger rival on most counts and is unrelenting in its ambition, casting a cloud on Jio’s valuation.
A proposed SEC settlement lifts the biggest overhang on the Adani Group—its access to US capital markets.
The project leans on national security to justify ecological damage and commercial expansion that far exceed military needs.