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The Latest Breaking News from Gautam Adani

Sensex plunges over 750 points as financial, IT shares drag; Adani group stocks sink

NEW DELHI: Equity indices plunged on Wednesday with the benchmark BSE sensex falling over 750 points amid heavy selloff in financial and IT stocks.

The Times of India

Asia’s richest man battles fraud allegations

Shares in Adani Group companies fell on Wednesday after a US fund said it was shorting the Indian conglomerate’s stocks and accused companies owned by Asia’s richest man of “brazen” market manipulation and accounting fraud.

Bangkok Post

Gautam Adani slips to 4th position in global billionaires ranking

NEW DELHI: Adani Group chairman Gautam Adani on Tuesday slipped to 4th position in Bloomberg Billionaires Index.

The Times of India

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Adani Group to spin off hydrogen, airports, data centre businesses by 2028: CFO

NEW DELHI: Billionaire Gautam Adani's group plans to spin off businesses like hydrogen, airports and data centre between 2025 and 2028 after they achieve a certain investment profile, it's Chief Financial Officer Jugeshinder Singh said.

The Times of India

Adani Enterprises FPO offer: 10%-15% discount for investors

NEW DELHI: Adani Enterprises Limited(AEL), the flagship company of richest Indian Gautam Adani, on Wednesday filed an offer letter with stock exchanges for a proposed Rs 20,000 crore follow-on public offer (FPO).

The Times of India

Oxfam echoes Bill Gates in calling for new taxes on the rich with ‘billionaire-busting policies’

More than 700 billionaires live in the United States.

Fortune

TV Newsance 198: When Gautam Adani met Rajat Sharma and Kashmir Files drama

Why do billionaires buy media? This week, we look at the age-old tradition of rich men and women buying and investing in the media to gain influence – Gautam Adani is only the most recent of rich Indian industrialists to have a channel of his own. Over the past few…

Newslaundry

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Tata reviews super app strategy as sales may miss target by 50%

MUMBAI: MUMBAI: Tata Group’s ambitious super app is expected to meet just half of the sales target in its debut year, forcing the sprawling Indian corporate to review its digital strategy, people familiar with the matter said.

The Times of India

Mukesh Ambani driving $75 billion green bet as scions helm other Reliance units

MUMBAI: Mukesh Ambani, the billionaire chairman of Reliance Industries Ltd, will be focusing his attention on the Indian conglomerate’s pivot to green energy, according to people familiar with the matter, after putting his children in charge of other businesses.

The Times of India

Adani takes control of NDTV, buys promoters at 17% premium to open offer price

NEW DELHI: Adani group on Friday gained full control of news broadcaster NDTV after it acquired most of founders -- Prannoy Roy and Radhika Roy -- stake at a premium of almost 17 per cent over the rate it paid to minority shareholders of the firm.

The Times of India

Adani Group Completes Majority Acquisition Of NDTV

The Adani Group on Friday said it had acquired 27.26 per cent equity stake in NDTV from the promoters -- Prannoy Roy and Radhika Roy -- indicating that the group had acquired the majority stake in the media firm. Read on ford details:

Dynamite News

From 2022 to 2023: An NDTV without the Roys

At 4 pm on December 23, a meeting took place in a building in Greater Kailash 1, Delhi.

Newslaundry

NDTV will be independent, with clear ‘lakshman rekha’ between management, editorial: Adani on India Today

“NDTV will be a credible, independent, global network with a clear lakshman rekha between management and editorial,” said Adani Group owner Gautam Adani, in his first television interview since his conglomerate acquired NDTV.

Newslaundry

Why do the rich get richer — even during global crises?

Every 30 hours, the pandemic spawned a new billionaire, while pushing a million people into poverty. Here’s why.

Al Jazeera

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The Times of India

Adani effect propels India stocks past most world markets in 2022

NEW DELHI: India is set to rank among this year’s best-performing major stock markets globally, overcoming concerns about higher interest rates and an economic slowdown that has mired peers.

Fortune

Mackenzie Scott wasn't the only one giving away her fortune in 2022

From Mackenzie Scott to her ex-husband Jeff Bezos, here are the people who have committed billions to charity in 2022

Newslaundry

Prannoy, Radhika Roy to sell most of their NDTV shares to Adani

Days after the Adani Group became the largest shareholder in NDTV, the network’s founders Prannoy Roy and his wife Radhika Roy have said that they will sell 27.26 percent of their remaining 32.26 percent shareholding to the conglomerate.

The Guardian - UK

‘It was a set-up, we were fooled’: the coal mine that ate an Indian village

The long read: In a pristine forest in central India, the multibillion-dollar mining giant Adani has razed trees – and homes – to dig more coal. How does this kind of destruction get the go-ahead?

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Newslaundry

In rare reports on the Adani empire, a reminder of independent media’s significance

Few would have heard the name of TV journalist Govind Wakade. He works for TV18 and is based in Pune.

Radio France Internationale

Asia's richest man wants India to lead a green energy revolution

India's Gautam Adani, the richest man in Asia, made his vast fortune betting on coal. Now he's aiming to become the world's top player in renewables by 2030 and to make his country a clean energy superpower.

Newslaundry

How Kerala and Delhi media covered the protest against Adani’s Vizhinjam port project

After four and a half months, Kerala’s fisherfolk on Wednesday “temporarily halted” their protest against the expansion of the Vizhinjam port in Thiruvananthapuram. The fisherfolk fear the Rs 7,525-crore project, controversially awarded to a Gautam Adani company by the previous Congress-led state government in 2015, will ruin their ecology, livelihoods…

The Times of India

Led by Reliance, two Adani companies, top 100 firms create Rs 92.2 lakh crore wealth during FY17-22

MUMBAI: Two Adani group companies -- Adani Enterprises and Adani Transmission -- have uprooted the traditional leader Reliance Industries in annual wealth creation in 2022 so far, while the top 100 of them created a massive Rs 92.2 lakh crore of wealth, according to a report.

Reuters

Adani's $900 million Indian port build restarts as villagers end protest

Construction on a $900 million port in Kerala, southern India resumed on Thursday after protesters from a mainly Christian fishing village ended a blockade of the Adani Group site.

Reuters

Work on India's Adani port to resume after fishermen suspend protests

Construction on a $900-million port in southern India is set to resume on Thursday after mainly Christian villagers blocking the entrance to the site of the Adani Group project agreed to suspend their four-month-old protest, its leaders said.

Al Jazeera

Indian billionaire Adani is now NDTV’s biggest shareholder

The news network’s takeover has raised fears that one of the country’s last bastions of free press is under threat.

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