The company had a valuation of about $500million USD (converted from INR) before the incident. Now it's likely worthless, because of an incident that could have been prevented by hiring one competent person.

Moral hazard describes situations where an entity is incentivized to take undue risk. With an upside of saving a single Indian endineers salary and a downside of destroying the entire company, it's safe to say the market wasn't incentivizing this. They were just stupid.