美國起訴後阿達尼集團股價暴跌，比特幣價格飆升

在美國起訴董事長高塔姆·阿達尼和其他高階主管涉嫌賄賂印度官員後，阿達尼集團公司股價週四暴跌。

Fresh troubles have emerged for the Adani Group after nearly two years of US short-seller Hindenburg Research accusing the conglomerate of "brazen stock manipulation" and an "accounting fraud scheme." On Thursday, the US Department of Justice filed an indictment alleging that Gautam Adani, his nephew, and six others paid $265 million in bribes to Indian state officials, while misrepresenting this during fundraising efforts in the US. The revelation sent shockwaves through the markets, with Adani Group stocks tumbling and several hitting their lower circuits.

在美國賣空者興登堡研究公司近兩年指責阿達尼集團「公然操縱股票」和「會計詐欺計畫」之後，阿達尼集團又出現了新的麻煩。週四，美國司法部提出起訴書，指控阿達尼的侄子高塔姆·阿達尼和其他六人向印度州官員行賄 2.65 億美元，並在美國籌款活動中歪曲事實。這項消息震驚了市場，阿達尼集團的股票暴跌，部分股票跌至低點。

Meanwhile, India’s corporate performance in the September quarter painted a less rosy picture than the optimism surrounding the country’s growth story. Combined revenue for 3,832 BSE-listed companies grew at just 8.3% year-on-year—the slowest pace in four quarters—according to a Mint analysis. Net profits fared slightly better, rising 9.5%. However, this growth was largely propped up by the banking, financial services, and insurance (BFSI) sectors. Excluding BFSI, revenue growth slipped to 5%, while profit growth dwindled to 5.5%.

同時，印度九月季度的企業業績描繪出的前景並不像圍繞該國成長故事的樂觀情緒那麼樂觀。根據 Mint 的分析，3,832 家 BSE 上市公司的合併收入年增 8.3%，為四季以來的最低增速。淨利表現略好，成長9.5%。然而，這種成長主要是由銀行、金融服務和保險（BFSI）產業所支撐的。剔除 BFSI 後，營收成長下滑至 5%，獲利成長率則降至 5.5%。

In other news, the Competition Commission of India (CCI) has slapped a penalty of ₹213 crore on Meta for alleged abuse of its dominant position through WhatsApp's 2021 privacy policy update. The CCI claims the update undermined users’ ability to opt out of data sharing with Meta's social media platform, Facebook. In addition to the fine, the regulator has directed WhatsApp to refrain from sharing user data with other Meta entities for advertising purposes for the next five years.

在其他消息方面，印度競爭委員會 (CCI) 對 Meta 處以 21.3 億盧比的罰款，原因是 Meta 涉嫌透過 WhatsApp 的 2021 年隱私權政策更新濫用其主導地位。 CCI 聲稱此次更新削弱了用戶選擇退出與 Meta 社群媒體平台 Facebook 資料分享的能力。除了罰款之外，監管機構還指示 WhatsApp 在未來五年內不得與其他 Meta 實體分享用於廣告目的的用戶資料。

Furthermore, political parties in India are attempting to woo voters with various populist measures, including cash transfers to women, subsidized gas cylinders, and free electricity. These measures are adding stress to already strained state budgets. While the central government has also announced such populist measures, or freebies, they have managed to stay on the fiscal consolidation path. In contrast, state governments have seen a rise in their fiscal deficit as a percentage of GSDP in recent years, Mint reported.

此外，印度政黨正試圖透過各種民粹主義措施來吸引選民，包括向婦女提供現金轉移、補貼氣瓶和免費電力。這些措施為本已緊張的國家預算增添了壓力。儘管中央政府也宣布了此類民粹主義措施或免費贈品，但他們仍設法堅持財政整頓的道路。根據 Mint 報道，相較之下，近年來各州政府的財政赤字佔 GDP 的比例有所上升。

Donald Trump’s victory in the US presidential election has reignited global fears of a potential trade war. Throughout his campaign, Trump repeatedly vowed to impose import tariffs, a promise that carries weight given his track record. During his previous term, average tariffs on Chinese and Indian imports into the US surged—doubling and tripling, respectively, to around 8% in 2019, according to a Mint report. This escalation sparked a trade war, with several countries imposing retaliatory tariffs on US goods. While services trade offers some relief, it is unlikely to fully offset the impact on goods trade.

唐納德·川普在美國總統大選中的勝利再次引發了全球對潛在貿易戰的擔憂。在整個競選過程中，川普多次發誓要徵收進口關稅，考慮到他的往績，這項承諾具有分量。根據鑄幣局的報告，在他的上一任期內，中國和印度對美國進口產品的平均關稅分別飆升了一倍和三倍，達到 8% 左右。這種升級引發了貿易戰，多個國家對美國商品徵收報復性關稅。雖然服務貿易帶來了一些緩解，但不太可能完全抵消對貨物貿易的影響。

In an effort to expand the Prime Minister Internship scheme, the government is considering lowering the age criterion to 18–25 years, from the current 21-24 years, Mint reported. The scheme currently provides over 125,000 internship opportunities across 20+ sectors, offered by around 280 leading companies. It is restricted to applicants whose families earned less than ₹8 lakh in 2023-24 and do not have any member holding a permanent government job.

根據 Mint 報道，為了擴大總理實習計劃，政府正在考慮將年齡標準從目前的 21 至 24 歲降低至 18 至 25 歲。該計劃目前提供超過 125,000 個實習機會，涵蓋 20 多個行業，由約 280 家領先公司提供。它僅限於家庭在 2023-24 年收入低於 80 萬盧比且沒有任何成員擔任長期政府工作的申請人。

Among listed hospitality companies, Tata Group-owned Indian Hotels Co Ltd (IHCL) has managed to stand out with its performance. The company's managing director and chief executive officer (CEO) Puneet Chhatwal aims to double the company's hotels and revenue by 2030 and achieve a return on capital employed of 20%-plus, Mint reported. While these targets may seem ambitious, IHCL has delivered in the past five years, with its share price surging over 400%.

在上市酒店公司中，塔塔集團旗下的印度酒店有限公司（IHCL）的業績表現脫穎而出。根據 Mint 報道，該公司董事總經理兼執行長 (CEO) Puneet Chhatwal 的目標是到 2030 年將公司的酒店和收入翻一番，並實現 20% 以上的資本回報率。儘管這些目標看似雄心勃勃，但 IHCL 在過去五年中已經實現了目標，其股價飆升超過 400%。

Finally, Trump’s pledge to support cryptocurrencies, marking a reversal of the US government’s previous hardline stance, has propelled Bitcoin to new heights following his victory. After its dramatic crash in 2019, Bitcoin has now surpassed the $97,000 mark and is expected to continue its upward trajectory.

最後，川普承諾支持加密貨幣，標誌著美國政府先前的強硬立場的逆轉，在他的勝利後將比特幣推向了新的高度。經過 2019 年的劇烈暴跌後，比特幣現已突破 97,000 美元大關，預計將繼續其上漲趨勢。