Angry protests in India as Adani crisis deepens
STORY: Angry protesters from Indian Youth Congress marched on roads with flags, and posters and raised slogans as they demanded a probe into the Adani row. They climbed barricades before being detained by the police.
A critical report by a U.S. short-seller last week sparked a market rout. Hindenburg Research questioned the Indian conglomerate's debt levels and use of tax havens. Adani called the report baseless and said its financials remain strong, yet the ensuing stock market crisis has sparked broader concerns of possible systemic impact.