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Gautam Adani

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

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  • Adani Capital in fund raise mode; Eyes Rs 1,000 cr-Rs 1,500 cr for growth capital May 27, 2023 07:50 AM IST

    Adani Capital in fund raise mode; Eyes Rs 1,000 cr-Rs 1,500 cr for growth capital

    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.

  • Adani-owned NDTV profit plunges about 98% on weak advertising demand May 01, 2023 11:04 PM IST

    Adani-owned NDTV profit plunges about 98% on weak advertising demand

    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.

  • Opposition firm on demand for probe into Adani companies: Sanjay Raut April 09, 2023 02:40 PM IST

    Opposition firm on demand for probe into Adani companies: Sanjay Raut

    Raut said industrialists should be supported, but not corruption.

  • Lost Fortune: 254 individuals, including Kanye West and Sam Bankman-Fried, lose billionaire status April 05, 2023 10:57 AM IST

    Lost Fortune: 254 individuals, including Kanye West and Sam Bankman-Fried, lose billionaire status

    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

  • Adani appoints former Israel envoy Ron Malka as executive chairman of Haifa Port April 03, 2023 11:11 AM IST

    Adani appoints former Israel envoy Ron Malka as executive chairman of Haifa Port

    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 changes Twitter bio to 'Dis'Qualified MP' March 26, 2023 12:33 PM IST

    Rahul Gandhi changes Twitter bio to 'Dis'Qualified MP'

    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 only Indian in top 10 Hurun Global Rich List 2023; a look at the 10 richest Indians March 22, 2023 04:18 PM IST

    Mukesh Ambani only Indian in top 10 Hurun Global Rich List 2023; a look at the 10 richest Indians

    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.

  • Mukesh Ambani only Indian among world's top 10 billionaires: Hurun Global Rich List March 22, 2023 01:47 PM IST

    Mukesh Ambani only Indian among world's top 10 billionaires: Hurun Global Rich List

    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

  • Adani group says Vinod Adani is part of promoter group March 16, 2023 11:03 PM IST

    Adani group says Vinod Adani is part of promoter group

    "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.

  • Gautam Adani’s son Jeet gets engaged to Diva Jaimin Shah in Ahmedabad March 15, 2023 06:53 PM IST

    Gautam Adani’s son Jeet gets engaged to Diva Jaimin Shah in Ahmedabad

    Jeet Adani and Diva Jaimin Shah's engagement was attended by close friends and family.

  • Gautam Adani plans to sell $450 million-worth stake in Ambuja Cement: Report March 10, 2023 08:28 PM IST

    Gautam Adani plans to sell $450 million-worth stake in Ambuja Cement: Report

    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.

  • JPMorgan expects another busy year for dealmakers in India March 07, 2023 06:35 AM IST

    JPMorgan expects another busy year for dealmakers in India

    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

  • Adani stuffs power plant with $1 billion debt that won’t go down March 07, 2023 04:45 PM IST

    Adani stuffs power plant with $1 billion debt that won’t go down

    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

  • Supreme Court directs Sebi to probe Adani fallout, Gautam Adani responds March 02, 2023 02:00 PM IST

    Supreme Court directs Sebi to probe Adani fallout, Gautam Adani responds

    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

  • Will continue to ask questions about Adani till truth is out: Rahul Gandhi February 26, 2023 02:24 PM IST

    Will continue to ask questions about Adani till truth is out: Rahul Gandhi

    "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.

  • BJP fuelling fire of hatred, targeting minorities, Dalits, tribals, women: Congress leader Sonia Gandhi February 25, 2023 01:37 PM IST

    BJP fuelling fire of hatred, targeting minorities, Dalits, tribals, women: Congress leader Sonia Gandhi

    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 employees created 'puffery' around group, removed warnings on website: Wikipedia February 21, 2023 09:07 PM IST

    Adani employees created 'puffery' around group, removed warnings on website: Wikipedia

    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.

  • Rahul Gandhi takes on PM Modi again over Adani issue February 20, 2023 06:58 PM IST

    Rahul Gandhi takes on PM Modi again over Adani issue

    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.

  • Adani Total Gas hit hardest in $132-billion rout, but no respite on cards February 20, 2023 10:06 AM IST

    Adani Total Gas hit hardest in $132-billion rout, but no respite on cards

    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.

  • Adani maps comeback strategy after $132 billion Hindenburg rout February 20, 2023 09:11 AM IST

    Adani maps comeback strategy after $132 billion Hindenburg rout

    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.

  • Gautam Adani says current market volatility 'temporary', our success due to 'strong governance' February 14, 2023 03:42 PM IST

    Gautam Adani says current market volatility 'temporary', our success due to 'strong governance'

    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".

  • Adani calls reports of hiring Grant Thornton for independent audit as 'market rumour' February 16, 2023 01:34 PM IST

    Adani calls reports of hiring Grant Thornton for independent audit as 'market rumour'

    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

  • AAP protests outside BJP HQ over Adani issue, demands JPC probe February 12, 2023 09:31 PM IST

    AAP protests outside BJP HQ over Adani issue, demands JPC probe

    The party's Delhi convener Gopal Rai demanded a joint parliamentary committee (JPC) probe into the matter.

  • Why Adani Group’s $100-billion loss hasn’t tanked Indian markets February 12, 2023 06:40 AM IST

    Why Adani Group’s $100-billion loss hasn’t tanked Indian markets

    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 group firms pledge shares for lenders to flagship company February 12, 2023 09:40 AM IST

    Adani group firms pledge shares for lenders to flagship company

    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.