One of India’s richest entrepreneurs and Asia’s richest man, entrepreneur, and philanthropist Gautam Adani, who is the founder and the current chairman of the industrial behemoth Adani Group is a first-generation entrepreneur. He heads the group, which consists of 7 publicly listed entities that span over domains like Energy, Ports More
Adani Enterprises, the Adani group flagship, plans to raise Rs 12,500 crore, while power transmission venture Adani Transmission is aiming for Rs 8,500 crore, the companies said in recent stock exchange filings.
NDTV reported a consolidated net profit of 5.9 million rupees ($72,206.58) for the quarter ended March 31, compared with 241.6 million rupees a year earlier.
Raut said industrialists should be supported, but not corruption.
Tesla and SpaceX boss Elon Musk, who held the top spot last year, has slipped to No. 2 on the list of the world's richest people
In July 2022, Gautam Adani's firm Adani Ports won the tender for privatisation of Israel's Haifa Port along with it business local partner chemical and logistics group Gadot.
Rahul Gandhi disqualification: Congress organised a day-long 'Satyagraha’ in front of Gandhi statues at all states and district headquarters on Sunday in protest.
Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited (RIL) bags the richest Indian title with net worth of $82 billion. RIL Chairman is the only Indian to feature in the list of top ten billionaires in the world, according to 2023 Hurun Global Rich List. With a net loss of $28 billion, Gautam Adani slipped to the second spot.
With 187 billionaires residing in India and 16 new additions, India continues to be the third largest billionaire producing nation in the world; the number rises to 217 if Indian origin billionaires are added
"We would like to submit that Gautam Adani and Rajesh Adani are individual promoters of various listed entities within the Adani group and Vinod Adani is an immediate relative of the individual promoters," the group's flagship Adani Enterprises said in a stock exchange filing on Thursday.
Jeet Adani and Diva Jaimin Shah's engagement was attended by close friends and family.
Adani has issued a formal request to global lenders for selling four to five percent stake in the cement business, the report said, citing sources who are privy to the development.
India — and its fast-growing economy — has emerged as a big bet for global financial firms, even though recent troubles at billionaire Gautam Adani’s business empire have dented the allure
The Mundra Thermal Power Plant — and its debt, that appears designed to shield Adani Power from extraordinary writeoffs — exemplifies this balancing act, where a single asset writedown could have cascading ramifications
The apex court directed SEBI to submit a report in two months and also appointed a committee for strengthening the existing regulatory mechanism to protect investors from market volatility
"I want to tell Adani that his company is 'hurting' the country and is 'snatching the entire infrastructure of country," the former Congress president charged.
Addressing the party's 85th plenary session here, Gandhi accused the government of causing economic ruin by favouring a particular businessman, making a veiled attack on Prime Minister Narendra Modi over a controversy involving the business empire of industrialist Gautam Adani.
Adani, a first-generation entrepreneur, has lost over USD 70 billion in net worth and slipped to 25th rank on the world billionaire index from being Asia's richest and the world's third most wealthy businessman, in less than a month.
Taking pot-shots at PM Modi, the Congress MP released a five-minute long video on his Twitter handle and YouTube channel, describing how billionaire Gautam Adani has allegedly taken control of airports, ports, roads, defence, media, coal, and electricity businesses.
Its shares have lost more three quarters of their value since the Hindenburg report was published on January 24. It was the group’s most richly valued stock before that and also has relatively less liquidity.
Repaying and prepaying of borrowings, both by the conglomerates’ units and Adani family, have featured in the push to convince investors that the group does not face any solvency issues despite its market value being cut in half.
Commenting on Adani Enterprises strong Q3 results, Gautam Adani said the company's success is linked to "strong governance, strict regulatory compliance, sustained performance, and solid cashflow generation".
The appointment marks the first major effort by Adani Group to defend itself in the wake of a January 24 report by Hindenburg that accused it of improper use of offshore tax havens and stock manipulation
The party's Delhi convener Gopal Rai demanded a joint parliamentary committee (JPC) probe into the matter.
Indian equities as a whole enjoyed a calm week in Mumbai, the country’s financial center, and have held largely steady since the Adani collapse
Adani Ports and Special Economic Zone, Adani Transmission Ltd and Adani Green Energy Ltd pledged shares to SBICAP Trustee Co, the firm, a unit of India's biggest state lender, State Bank of India, said in a filing to the BSE.