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Adani Group's troubles keep growing as financial and legal headwinds get stronger

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Adani Group is staring at trouble on several fronts as investors and partners rethink ties with the Indian conglomerate.

Projects and investments tied to the Indian conglomerates' businesses spanning across the world have come under the spotlight.

Fitch Ratings has put several dollar bonds on its negative ratings watchlist, which means the bonds could potentially be downgraded.

The allegations are "more serious" than those from short-seller Hindenburg Research's report in 2023 , analyst says.