Diaspora

Adani group halves growth targets, cuts capex post-Hindenburg stock rout: Report

KATHMANDU: India’s Adani group has halved its revenue growth target and plans to scale down fresh capital expenditure, Bloomberg News reported on Sunday. Listed companies controlled by billionaire Gautam Adani have lost more than $100 billion in market value since Jan. 24, when U.S. short seller Hindenburg Research accused...

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