Adani market losses snowball to $100 billion in delayed share sale

Adani market losses snowball to 0 billion in delayed share sale

NEW DELHI, Feb. 2 (Reuters) – Indian shares of the Adani group fell on Thursday after market turmoil forced the conglomerate to scrap a crucial $2.5 billion equity offer, extending market losses to more than $ 100 billion and concerns arose about the possible systemic impact. The pullback of the share sale of Adani Enterprises … Read more

India increases spending in final pre-election budget

India increases spending in final pre-election budget

NEW DELHI, Feb. 1 (Reuters) – The Indian government on Wednesday announced a budget of $550 billion for the next fiscal year starting April 1, setting out a plan for record investment while limiting the budget deficit. Prime Minister Narendra Modi’s party, which faces elections in key states this year and a national election in … Read more