What happened to Adani Group?

Newsletter Every weekday. The crisis engulfing the Adani Group intensified on Monday as hundreds of members of India's opposition parties took to the streets to press for a probe into allegations by a U.S. short-seller against the conglomerate which triggered its market rout.

Is Adani a 'attack on India'?

The group has dismissed the allegations as malicious and untrue, calling them an "attack on India". But the response has failed to stop the fall in Adani shares. Gautam Adani, the founder, has fallen out of the top 10 richest in the world.

Is Adani a close ally of Modi?

Adani is seen as a close ally of India’s prime minister, Narendra Modi, and opposition lawmakers have been calling for a probe into the Hindenburg report. They staged a protest in India’s parliament on Wednesday while the country’s finance minister presented the annual budget.

Why did Adani Group buy NDTV?

Last year, the Adani Group bought a cement business in India from Holcim, a multinational construction company based in Switzerland. In another sign of the diversification of his business, Mr. Adani took control of NDTV, an independent news outlet.