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Shares of Adani companies fell further on Tuesday, with total losses exceeding $120 billion, after a court hearing into the market rout began and claims their stock values are still 'astronomical'
Regulators are said to be probing the sharp sell-off in Adani Group companies, while also looking into trade patterns and any potential irregularities in its now-shelved share sale
The discovery comes at a time when India is looking to strengthen its supply of critical minerals that will be crucial for furthering its electric vehicle plans
Shares of Adani Enterprises were down 11%, while stocks of five other group firms – Ambuja Cements, Adani Power, Adani Transmission, Adani Total Gas and Adani Green were down 5% to 9%
Environment minister said impacts from the proposed coal mine on local and global ecosystems would be substantial
Shares of the group's flagship rose after news Adani will repay some loans, while analysts suggest assets could be sold or spending plans deferred to bolster credibility
India is now the third-largest EV market in the world behind the US and China, the Business Standard said
President Xi Jinping warned this week that China must speed up moves to become self-reliant in science and technology "to prevent being strangled by foreign countries"
With the "next-generation" system, Honda aims to bring costs down by two-thirds compared with its older fuel cell system
The share plunge of Adani listed companies topped $100 billion on Thursday after the group canned its $2.5-billion share sale – a move that raised more questions over the group's status and dealings
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