Adani Group says it lost nearly $55b as US charges sparked rout

Gautam Adani, 62, is suspected of having participated in the $250 million scheme in bribes to secure lucrative government contracts.

PREMIUM Business

Pedestrians walk past the 'Adani House' corporate building in Gurgaon on November 27, 2024. (AFP photo)

NewVision Reporter

@NewVision

#New Delhi # India #Adani Group #Stock market #US #Gautam Adani

India's Adani Group conglomerate said Wednesday it had lost almost $55 billion in a stock market rout since US prosecutors last week accused its founder and other officials

Login to begin your journey to our premium content

Related Stories
Business
'Uganda has opportunities for industrial development'
Business
Indians buy 14 million ACs a year, and need many more
Business
Uganda’s envoy to Bangladesh woos investors in agroindustry
Business
Uganda’s richest man Sudhir shares secrets of getting rich
Business
Bomb hoax threats to Indian airlines spark chaos
Business
India's Adani says US charges 'baseless', opposition demand arrest