Breakingviews - Adani re-ups India’s emerging market risk

For those who passively track stock market indexes, the controversy engulfing Adani, briefly the world’s third richest man, may act as a deterrent from an already expensive market. Companies in the MSCI India Index, where the tycoon’s companies have an almost 5% weighting, trade on an average multiple of 21 times forecast earnings for the year ahead, compared to 12 times for MSCI’s broader emerging markets benchmark.

at credit rating agencies to instil better market discipline. How the former banker handles Adani will make a big impact. In the meantime, the turmoil is a reminder to investors of the danger of investing blindly in emerging markets.Follow @ugalani and @ShritamaBose on TwitterShares of the Adani group companies have lost $65 billion since Jan. 25 after U.S. short-seller Hindenburg Research published a research note on the group.

Adani on Jan. 29 published a 413-page response to Hindenburg’s report, which alleged the Indian group was “pulling the largest con in corporate history” including “brazen stock manipulation and accounting fraud”.

One think understood well. We gonna take over on population soon

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

India's Adani Group CFO says stocks rout similar to colonial-era massacreIndia's Adani Group has said a U.S. short-seller's report on the business house was a 'calculated attack' on the country and its institutions while a senior executive has compared a rout of its stocks with a colonial-era massacre. Adani proving they are complete rogues then. Any relationship with INFOSYS? He is losing his job and his mind 🤣 Company mei dramebaaz log zayada hai adani ke
Source: Reuters - 🏆 2. / 97 Read more »

'Attack on India:' Adani slams US short seller over fraud allegations | CNN BusinessAdani Group has published a detailed rebuttal running to more than 400 pages against allegations of fraud made by a US investment firm, calling the short seller's investigation of the ports-to-power conglomerate 'a calculated attack on India.' FRAUD ADANI , FRAUD AMBANI , & THEIR BOSS IS FATHER OF ALL FRAUDS - MODI Short seller “Hindenburg Group” had “88 questions”. Yeah that’s not at all shady.
Source: cnni - 🏆 326. / 59 Read more »