conglomerate

“Amazon is among the six or seven media conglomerates that control the entertainment industry … so we weren’t surprised,” Maing says.

Each conglomerate favors its own pharmacies, which pushes smaller ones out of the market.

This crisis also comes as Mr Adani has spent nearly two years trying to rebuild his image after US short-seller Hindenburg Research's 2023 report accused his conglomerate of decades of stock manipulation and fraud.

Last year, Hindenburg Research, an activist short seller, accused the conglomerate of orchestrating “a brazen stock manipulation and accounting fraud scheme.”

His conglomerate, Adani Group, builds and buys ports, factories and power plants, often under state contract or license.