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Elara Capital has drawn scrutiny over short seller allegations about its connection to Indian group
Indian conglomerate says proceeding with cancelled $2.4bn share sale would ‘not be morally correct’
Indian group says ‘unprecedented situation’ and market volatility behind its decision
Ambitious Indian group targeted by short seller allegations has doubled borrowing to $30bn in past 4 years
New Delhi must investigate latest affair thoroughly and openly, or investors will draw their own conclusions
Indian billionaire called on some of the country’s top tycoons to help salvage share sale
Annual budget for 2023-24 sets out tax cuts ahead of next year’s general election
Asset manager is the only UK-listed fund group to back the transaction after short seller allegations
US short seller’s allegations have rocked Gautam Adani’s business empire and prompted a rebuttal
Norwegian oil fund has ‘massive underweight position’ in controversial Indian group
Allegations from a New York financial firm have knocked $70bn off companies’ values
Conglomerate’s decision is a boost to business empire rocked by fraud allegations
Research from Hindenburg wiped more than $50bn from conglomerate’s value last week
Hindenburg Research report into Indian conglomerate comes as billionaire starts a $2.4bn share sale
Tycoon associated with prime minister heads a business empire that has surged in value
Doubts were widely held even before Hindenburg Research intervened
Debt earmarked for environmental projects achieves lower borrowing cost than conventional bonds
Short seller releases report as billionaire businessman pushes ahead with fundraising
Modi’s government has offered producers incentives to help with emerging technologies
New Delhi hopes to use role to champion domestic tech such as its payments system overseas
Early adoption of electric cars has been partly hindered by sparse coverage of charging stations
Country looks to clean energy to ease its chronic dependence on imported fossil fuels
Chinese group to roll out more models to become country’s next biggest EV seller behind Tata Motors
Sale marks final severing of ties between commodity trader and Russia’s state-owned energy company
Shaktikanta Das says economy is resilient but ‘global challenges are building up’
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