Fuel made from Russian oil is being funneled to New York by Indian refiners that are snapping up discounted crude

Tech Insider
Oil tanker

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Adani's crisis is casting a cloud over India — and it could benefit China, which is just reopening after 3 years of COVID isolation

Tech Insider : Politics
Indian Prime Minister Narendra Modi (R) with Chinese President Xi Jinping (L).
Indian Prime Minister Narendra Modi with Chinese President Xi Jinping.

Mikhail Svetlov/Getty Images

Gautam Adani lost $52 billion in 6 days. That's over 3 times what Sam Bankman-Fried lost in a similar timeframe.

Tech Insider
Founder and chairman Of Adani Group, Gautam Adani.
Gautam Adani has lost $52 billion over six trading days after a collapse in his companies' share prices.

Ramesh Dave/Mint via Getty Images)

Gautam Adani lost $52 billion in 6 days. That's over 3 times what Sam Bankman-Fried lost in a similar timeframe.

Tech Insider
Founder and chairman Of Adani Group, Gautam Adani.
Gautam Adani has lost $52 billion over six trading days after a collapse in his companies' share prices.

Ramesh Dave/Mint via Getty Images)

Legendary investor Mark Mobius said he shunned embattled Adani's share sale over debt concerns but he's still bullish on India

Tech Insider
mark mobius
Mark Mobius

REUTERS/Sukree Sukplang

Adani stocks have now wiped out over $100 billion in market value as botched share sale piles on trouble

Tech Insider
Gautam Adani sitting at a conference summit
Chairman and founder of the Adani Group Gautam Adani seen during the News18 Rising India Summit on February 25, 2019 in New Delhi, India.

Sanjeev Verma/Hindustan Times via Getty Images

Indian tycoon Gautam Adani has abandoned a $2.5 billion fundraising effort in his latest setback following a short seller attack on his business empire

Tech Insider
Chairman Of Adani Group Gautam Adani poses for a profile shoot during an interview on Jlu on July 19, 2010 in Ahmedabad, India.
Share prices of companies under Indian billionaire Gautam Adani's empire are under pressure following a short seller attack.

Ramesh Dave/Mint/Getty Images

Indian tycoon Gautam Adani has abandoned a $2.5 billion fundraising effort in his latest setback following a short seller attack on his business empire

Tech Insider
Chairman Of Adani Group Gautam Adani poses for a profile shoot during an interview on Jlu on July 19, 2010 in Ahmedabad, India.
Share prices of companies under Indian billionaire Gautam Adani's empire are under pressure following a short seller attack.

Ramesh Dave/Mint/Getty Images

China's shrinking population is a grim omen for the rest of the world

Tech Insider : Economy, Politics
Flag map of China shrinking on blue grainy background
China will lose half its population by the end of the century. The population decline is a warning for the US and Europe.

Alyssa Powell/Insider

The country's shrinking population is a grim omen for the rest of the world

Adani pulls through with $2.5 billion share sale amid a stock-market storm sparked by Hindenburg's fraud allegations

Tech Insider
Gautam Adani talking while seated.
Gautam Adani.

Amit Dave/Reuters

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