IMHO this is already much bigger news than the $40bn Facebook buyback announcement that drove the Nasdaq up yesterday... I am wondering where contagion will begin to show up, the knock-on effects inside and outside of India.

aljazeera.com - Indias adanis losses swell above

"Adani's market losses swelled above $100bn on Thursday, sparking worries about a potential systemic impact a day after the Indian group's flagship firm abandoned its $2.5bn stock offering."

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livemint.com - After credit suisse citigroup s wealth unit stops accepting adani group securities amid hindenburg row

"After Credit Suisse, Citigroup's wealth unit stops accepting Adani Group securities"

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bloomberg.com - Total says exposure to adani is billion of capital employed

"TotalEnergies has employed $3.1 billion of capital in Adani"

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economictimes.indiatimes.com - Adani hindenburg saga fm nirmala sitharaman says indian banking system is in a sound position

"Finance Minister Nirmala Sitharaman says Indian banking system is in a sound position"

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thehindu.com - Adani enterprises shares removed from dow jones sustainability indices

"Adani Enterprises Shares Removed from Dow Jones Sustainability Indices"

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business-standard.com - Norway s sovereign wealth fund puts adani ports on its watch list

bloomberg.com - Norway wealth fund has massive underweight position on adani

These articles suggest Norway's sovereign wealth fund raised alarms last year (March 2022) but still held 200 million in Adani Group.

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lux