‘Must be laughing in Beijing’: US indictment against Gautam Adani strategic blunder, says report – The Times of India

‘Must be laughing in Beijing’: US indictment against Gautam Adani strategic blunder, says report – The Times of India

The US Department of Justice‘s (DoJ) indictment of billionaire Gautam Adani was a strategic blunder, causing the “West to shoot itself in the foot” while its rivals gained ground on every crucial front, with significant geopolitical repercussions, according to Forbes.The charges, centred on allegations of corruption and financial irregularities, “risks damaging India-US relations at a…

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US indictment: Adani’s foreign backer GQG goes for buyback after stock slides 19% – Times of India

US indictment: Adani’s foreign backer GQG goes for buyback after stock slides 19% – Times of India

MUMBAI: GQG Partners, a major foreign investor in the Adani group companies, has initiated defensive measures to safeguard its share price following the fallout from a US investigation into the Ahmedabad-based conglomerate. The Sydney-listed fund initiated a $65 million share buyback programme, citing the potential presented by the significant drop in its stock value. Assembly…

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