The companies of billionaire Gautam Adani, one of Asia’s richest men, showed some signs of recovery on Friday even as controversy and uncertainty continued to roil the Indian tycoon’s businesses after he was indicted by U.

After US federal prosecutors charged Gautam Adani and several associates with fraud, media coverage in India has ranged from dryly factual to over-the-top in its defensiveness, revealing a divide over how to appraise bribery accusations against one of the nation’s richest businessmen.