India's Adani crisis spills over into street protests as losses top $110 bln
by Adnan Abidi, M. Sriram, and Aditi Shah

Reuters    Translate This Article
6 February 2023

On 6 February 2023 Reuters reported: The crisis engulfing the Adani Group intensified on Monday [6 February] as hundreds of members of India's opposition parties took to the streets to press for a probe into allegations by a U.S. short-seller against the conglomerate which triggered its market rout. Shares in billionaire Gautam Adani's companies have been in free-fall since a Jan. 24 critical report by Hindenberg Research, with group cumulative market losses now topping $110 billion, sparking fears of wider financial contagion. Global Good News service views this news as the failure of modern business and world peace systems. Such 'flops' highlight the need for more intelligent, evolutionary, Natural Law based, life-supporting systems.

... Protesters on Monday also expressed anger about investments made by state-backed Life Insurance Corporation (LIC) and State Bank of India (SBI) in the Adani Group.

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Global Good News comment:

Maharishi's Vedic Approach can solve the problems reflected in the above article and in all areas of life: agriculture, business, culture, education, government, and world peace. For more information please visit:
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Every day Global Good News documents the rise of a better quality of life dawning in the world and highlights the need for introducing Natural Law based—Total Knowledge based—programmes to bring the support of Nature to every individual, raise the quality of life of every society, and create a lasting state of world peace.

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