Adani crisis shakes investors’ faith in India

Adani has been close to Prime Minister Narendra Modi for decades. And his business – with investments in capital-intensive projects such as airports, power plants and data centers – is at the heart of Modi’s growth agenda. — Reuters

JUST Just 10 days ago, Gautam Adani and his sprawling energy-to-ports empire looked invincible.

Now, a damning short-seller attack has left the billionaire battling the worst crisis of his corporate life – and is raising bigger, darker questions about India’s credibility as a global growth engine and a destination for international investors.