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Adani stocks recoup, legal challenges ahead
The Free Press Journal
|November 23, 2024
Stocks of the Adani Group rebounded on Friday, after witnessing a sharp sell-off triggered by US government allegations of bribing, which the group has vehemently denied as "baseless".
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Seven of the 11 group stocks ended the day with gains, demonstrating resilience despite ongoing legal and market pressures.
None other than the White House acknowledged the allegations during a press briefing, emphasizing that while the US Department of Justice and Securities and Exchange Commission will handle the case, the foundation of India-US relations remains solid and it can navigate the ongoing crisis.
Diese Geschichte stammt aus der November 23, 2024-Ausgabe von The Free Press Journal.
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