Gautam Adani’s meteoric rise to the world’s ninth-richest person began with a port on India’s west coast in the 1990s and an abiding friendship with a politician who’s now prime minister. The rest has been all about finding the next industry that will make his debt-fueled empire a little bigger. …

The only thing India can possibly do during this year’s global food crisis is to not make it any worse for its own poor. As the cost of basic nutrition balloons everywhere, the second-most-populous nation’s best bet is to fall back on its extensive system of state procurement and public…

The celestial algorithm that keeps the moon in its orbit around the earth clearly works a lot better than the one that governed Luna and Terra. The cryptocurrency pair’s collapse last week has put a question mark on the very premise of stablecoins: stability. TerraUSD, or UST, was pegged to the…

Call it poor judgment or bad luck, but India’s expansion of natural gas coverage to more than 90% of its population couldn’t have come at a worse time. In January, Adani Total Gas Ltd. and others won keenly contested licenses to add new areas to city gas networks; in February, Vladimir Putin…

Sri Lanka’s President Gotabaya Rajapaksa has a fetish for fiasco. The Indian Ocean island is a basket case for several reasons. Covid-19 decimated dollar earnings from tourism; the resulting increase in social spending ballooned public debt. Then came the war in Ukraine, worsening shortages of food…

Ayn Rand’s followers dreamed of decentralized finance as the ultimate realization of their techno-anarchist utopia: freedom from both governments and large custodial organizations. But somewhere along the way, they got stuck on George Orwell’s Animal Farm where some animals are more equal than…

India wants to go on trading with Russia for reasons that are more practical than to swipe at the West. For one thing, New Delhi relies heavily on Moscow for defense procurement, a dependency that will be hard to shed overnight with new suppliers. For another, Russia is reportedly offering India a …

What should be an ordinary commercial dispute between Amazon.com Inc. and the founders of a near-bankrupt retailer is shining a harsh light on the quality of legal and regulatory protection investors actually receive in India. The long drawn-out saga has thrown up two questions for prospective…

Investors must be wondering what promise New Delhi will break next as the ruling party tries to win upcoming state elections. First, the government made a U-turn on the three laws that Prime Minister Narendra Modi wanted to use to shake up the stagnant farm economy. Next, he may delay implementing…