Indian benchmark indices have outperformed global equity markets, and a large contributor to Nifty and Sensex’s gains has been Gautam Adani-led Adani Group. The multinational conglomerate’s primary arm Adani Enterprises gained 116% this year, more than doubling its investors’ wealth. On the other hand, the benchmark index Nifty 50 has only risen by 2.3% year-to-date. […]
