India Invokes Emergency Law Force Coal Plants to Boost Output
Directive calling on coal plants to run at full capacity comes ahead of the expected surge in power usage this summer. India has invoked an emergency law to force power plants that run on imported coal to maximize output ahead of an expected record surge in power usage from mid-March through to mid-June, according to […]
Adani Lowers Growth Target and Capital Expenditure on Post-Hindenburg Repair Moves
Gautam Adani’s conglomerate has halved its revenue growth target and plans to delay new capital expenditures, according to people familiar with the matter, as the Indian billionaire seeks to rebuild investor confidence in the wake of a short-selling attack. The group will now target revenue growth of 15% to 20% for at least the next […]
Adani Group Shares Plummet, Extending Defeat After Hindenburg Report
Shares of Adani Group companies have lost more than $30 billion in market value in less than two sessions as a sell-off triggered by the scathing report by US short-seller Hindenburg Research deepened on Friday. The defeat is putting pressure on billionaire Gautam Adani, Asia’s richest man, as it erodes his net worth and threatens […]