Adani isn’t the only Indian tycoon in trouble


HIGHLY leveraged Indian tycoons are having a rough time.

Gautam Adani’s US$236bil (RM1.05 trillion) infrastructure empire has shrunk by more than three-fifths in a month. But while his relentless rise and spectacular fall hog headlines, a smaller storm may be brewing for another well-known magnate.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Mi Technovation to acquire Singapore industrial property for RM331.8mil
SkyeChip Q2 net profit jumps 27% on strong silicon IP demand
Cuscapi proposes RM190mil capital reduction, employee share scheme
Hwa Tai appoints Yee Lee as distributor for Sabah, Labuan
MICCI facilitates Malaysia-Palestine trade ties through Palestine's halal recognition by JAKIM
Public Mutual declares over RM89mil distributions for four funds
FBM KLCI bucks regional sell-off, ringgit hits near two-month high
Oil set for fourth monthly gain as Hormuz tanker attack highlights supply risks from war
Indonesian shares head for worst month in 18 years, AI retreat hits Korea, Taiwan
BP profit hits 18-year high as oil refining margins surge

Air Pollutant Index

Note: API is calculated based on 24hr running average of the most dominant parameter.

Highest API Readings

    Select State and Location to view the latest API reading

    Others Also Read