Who owns India’s firms? Regulator seeks to clean up market

While the Adani Group is the most high-profile case of a large stock-market fortune propped up by a less-than-transparent source of foreign funding, it isn’t the only one. — Bloomberg

INDIA’S stock-market watchdog seems to be on an urgent mission to rescue its credibility.

A controversial, new proposal to track foreign money to its source is bound to run into resistance from vested interests. But without such powers, the regulator can never claim to run a clean market.