Adani in crisis as market value plummets
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Parliament has adjourned and protests have erupted across India after the business operation of one of it’s largest companies, Adani, were called into question.
Activist investor group, Hindenburg Research, released a report alleging the company engaged in stock manipulation- prompting a $159 billion drop in market value over the last two weeks.
Adani operates in a variety of sectors including power generation, ports and airports and gas distribution.
They also own the controversial Carmichael coal mine in Queensland.
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