Adani plunges in Mumbai on founder’s charges as Asian markets retreat

Margarett Catt 22/11/2024 02:20

Hong Kong (AFP) Nov 21, 2024 Shares in Indian conglomerate Adani tanked on Thursday after its industrialist owner Gautam Adani was charged by US prosecutors with handing out more than $250 million in bribes for key contracts. The painful losses at units of the Adani Group came as markets in most of Asia retreated as

IndoDaily
Hong Kong (AFP) Nov 21, 2024

Shares in Indian conglomerate Adani tanked on Thursday after its industrialist owner Gautam Adani was charged by US prosecutors with handing out more than $250 million in bribes for key contracts.

The painful losses at units of the Adani Group came as markets in most of Asia retreated as blockbuster earnings from chip titan Nvidia smashed forecasts but fell short of investor hopes…
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