Top headlines: Adani maps comeback strategy, Economic activity cools in Jan

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Hindenburg effect: Adani maps comeback strategy after $132 bn rout
 

Almost a month after a bombshell short seller report lopped off $132 billion in market value from Gautam Adani’s empire, the Indian billionaire has hired top-shelf US crisis communication and legal teams, scrapped a $850 million coal plant purchase, reined in expenses, repaid some debt and promises to repay more. Read more

Economic activity cools down in Jan amid slowdown fears, exports fell 6.58%

India’s economic activity cooled off at the start of the year as higher borrowing costs tempered demand at home and abroad, signaling more