Adani Cuts Growth Target, Capex

The transcript discusses the volatility of Adani stocks following an MSI report and the company's revised financial plans, including reduced revenue growth and capital expenditure targets. Despite denying allegations from the Hindenburg Research report, Adani Group faced significant market cap losses. The Indian government's response has been limited, deferring to regulators. The Finance Ministry indicated that regulators are actively addressing the issue, with the Supreme Court requesting a report on the regulatory framework and mechanisms to protect investors.

What significant changes are being made to the revenue growth target of the company?

What are the company's priorities in managing its finances according to the text?

How has the market reacted to the allegations against the Adani Group?

What role is the Indian government playing in addressing the issues related to the Adani Group?

What actions has the Supreme Court taken regarding the Adani issue?