Reported about 10 hours ago
Stocks and bonds of India's Adani Group continued to decline for the second consecutive day following the indictment of founder Gautam Adani in a U.S. bribery case. Adani Green Energy shares fell 8%, contributing to a $7 billion loss in market value since the news broke. U.S. prosecutors allege Adani and others bribed Indian officials for lucrative contracts, leading to concerns about the company's access to funding and future deal stability, which may impact India's renewable energy sector.
Source: YAHOO