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Adani’s decent earnings offer only modest relief


Europen February 14 Adani Enterprises posted strong earnings. Its port-to-power parent is solid in 2022. Not enough to reassure investors: The Indian group has lost $130 billion in market value since short-sellers accused it of fraud last month, which the group denies. Its rebuttal of the allegations slowed but didn’t stop the slide. To preserve cash, Adani will reportedly halt some capital expenditures.

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