China and Nepal signed a framework agreement on December 4 to enhance cooperation under the Belt and Road Initiative, facilitating major investments in infrastructure projects like roads, airports, and rail lines. This agreement follows Nepal's earlier commitment to the BRI in 2017, which had stalled due to political disagreements. Critics of the initiative express concerns over potential debt traps and China's geopolitical ambitions through its financing strategies.
Adani Group's market capitalization plummeted by Rs 2.2 lakh crore on November 21, with stocks falling up to 20% following US bribery charges against Gautam Adani. Prosecutors allege he and other executives paid over $250 million in bribes to secure solar energy contracts, violating federal laws while raising $1.36 billion from American investors. Just hours before the allegations, Adani raised an additional $600 million through green dollar bonds from US investors.
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