Adani debacle threatens fallout on India’s wider economy
This week, a major upheaval hit one of India’s top business empires. Adani Group has operations in everything from coal mining to telecoms. Its seven main units were recently worth an estimated $220 billion. But a blistering report by an American investor research firm accusing the conglomerate of massive fraud and market manipulation has sent its stock price plummeting, along with the personal fortune of billionaire founder Gautam Adani. Bryan Quinn, from FRANCE 24’s business desk, explains.
We also take a look at the alleged controversy behind the movie “Pathaan” and its star Shah Rukh Khan. Despite India’s conservatives trying to boycott the movie, it still broke box office records.
And we head to the Philippines, where pineapples are not just food but fashion. We see how their fibres are being recycled in the textile industry
Source: Thanks france24