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Almost half conglomerate’s $5.7bn in FDI over 5 years came from opaque overseas entities
Indian group has sought lenders’ approval for disposal as it tries to boost investor confidence after fraud claims
Jay Powell warns Fed is prepared to return to bigger interest rate rises
Plus, Arm’s IPO encounters roadblocks in Beijing and London’s most expensive home goes on the market
Indian conglomerate gets a boost after allegations of fraud wiped $145bn from its market value
Country’s top court orders regulator to conclude investigation into group within two months
Indian group also tells bondholders it is seeking to borrow extra $800mn for renewables arm
Steep sell-off has wiped more than 60% from value of group’s publicly traded companies
Opposition attacks foreign investment they say was enabled by Indian prime minister
Plus, BlackRock’s bonds bonanza, Tikehau’s international expansion, and Vermeer at the Rijksmuseum
Probe came after broadcaster aired documentary about prime minister’s role in 2002 religious riots
People familiar with the firm’s modus operandi say it may have used single stock futures and the help of western banks in Singapore
PM Narendra Modi will ‘have to answer questions’ over fraud allegations targeting his business ally
Decision is sign of spending slowdown by conglomerate in wake of short seller attack
Stocks in billionaire’s biggest business jump after he plays down short-seller attack
Appointment of a financial controller to oversee family holding company among changes mooted to advisers
Confident stance of DBS boss should not deter investors from pondering risks Indian market poses
Crisis-hit group’s sprawling infrastructure businesses pitched as a bet on India’s economic growth
Indian conglomerate taps lawyers known for fierce activism defence in fight against Hindenburg’s claims
Indian conglomerate under pressure following fraud allegations from short seller
Lenders’ $500mn cash request prompted early settlement of entire debt and shows credit pressure on Indian group
French group will not sign planned deal until there is ‘clarity’ on allegations facing the Indian conglomerate
Erdoğan declares state of emergency in Turkey after deadly earthquake
Opposition targets country’s ruling Bharatiya Janata party over crisis at conglomerate run by leader’s ally
Measuring the conglomerate’s domestic funding runway
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