The Adani Group may have hired America’s most expensive lawyers to fight short-seller Hindenburg Research, but boy has it taken quite the beating! In the latest episode of 'Keeping Up With Adani', the conglomerate has halved its revenue growth target from earlier estimated 40% to between 15% and 20% for at least the next financial year.
What does it mean for its businesses and how will it affect infrastructure and energy projects across India? The Signal's Editor and Co-Founder Dinesh Narayanan joins us in this episode.
In other news, state government coffers are getting high on alcohol sales. As per reports, excise duties on alcohol are expected to make up 1% of states' Gross Domestic Product (GDP) in 2022-23.
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Adani Group Gives Itself A Reality Check