{"id":12033,"date":"2023-02-15T13:11:27","date_gmt":"2023-02-15T07:41:27","guid":{"rendered":"https:\/\/viewsonnewsonline.com\/?p=12033"},"modified":"2023-02-15T13:11:28","modified_gmt":"2023-02-15T07:41:28","slug":"bjps-massive-adani-hiccup","status":"publish","type":"post","link":"https:\/\/viewsonnewsonline.com\/bjps-massive-adani-hiccup\/","title":{"rendered":"BJP\u2019s massive Adani hiccup"},"content":{"rendered":"\n
By Chanakya<\/strong><\/p>\n\n\n\n The Hindenburg Research report has struck a massive blow to all companies owned by Gautam Adani, especially his flagship Adani Enterprises. This may have spin-off effects on other business houses, not only because two major finance entities, LIC and SBI have been severely affected by this collapse, but also because the world might now see Indian investments as tricky.<\/p>\n\n\n\n Adani stocks are rebounding to an extent, after days of hard hammering and after some of those companies announced their results. Also, Adani has said that it prepay loans amounting to $ 1.1 billion, but the source of these funds have not been disclosed. However, this barely shoves under the carpet the massive bad reputation that the group has earned and it will take a lot of time for it to come back to terms with investors, if at all.<\/p>\n\n\n\n India, as one of the major economies of the world today, is pretty much plugged into the world financial system. Whatever happens around the world has an effect on Indian financial markets. Similarly whatever happens in India will now be deeply scrutinised by world financial markets. There is too much at stake.<\/p>\n\n\n\n