Economy

  1. Adani shares surge after $1.87 billion GQG investment

    The stake purchase by the boutique investment firm marked the first major investment in billionaire Gautam Adani's conglomerate since a short-seller's critical report resulted in seven of the Indian group's listed firms losing about $130 billion in market value.

    Region:
    India
    Category:
    Economy
    Adani shares surged on Friday after a $1.87 billion investment in the group by GQG Partners Inc eased concerns about the group's ability to attract funding, while the conglomerate lined up more road shows to shore up investor confidence.
  2. Indian PM Modi urges G20 to focus on unsustainable debt

    "Food and energy security have become major concerns across the world. Even the financial viability of many countries is threatened by unsustainable debt levels," Modi said.
    IMF flags debt restructuring hurdles, says banning crypto should be an option

    Region:
    World
    Category:
    Economy
    Indian PM Modi urges G20 to focus on unsustainable debt