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The Latest Breaking News from Gautam Adani

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.

Newslaundry

‘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?

The Guardian - UK

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.

Newslaundry

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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.

Radio France Internationale

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…

Newslaundry

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.

The Times of India

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

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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.

Reuters

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.

Al Jazeera

Indian state will proceed 'no matter what' with protest-hit Adani port-minister

India's Kerala state will proceed "no matter what" with a $900 million port project and is open to deploying federal police if needed to protect it from protesters blocking construction, a government minister told Reuters on Saturday.

Reuters

Indian coal magnate Gautam Adani goes green

Asia’s richest man, coal magnate Gautam Adani, made his vast fortune betting on coal as an energy hungry India grew swiftly after its economy was liberalized in the 1990s

The Independent UK

Billionaire Modi ally on verge of taking over independent Indian news channel

Gautam Adani’s takeover of NDTV is ‘serious threat to democracy’ in India, says news anchor

The Guardian - UK

Concerns over free press in India after NDTV’s Ravish Kumar quits

One of India’s most popular TV journalists quits the network recently acquired by billionaire considered close to BJP.

Al Jazeera

India’s plan to take on China as south Asia’s favourite lender

With the private sector’s help, New Delhi has stepped up spending on infrastructure in neighbouring countries

Financial Times

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Reuters

Hindu group hold rally for Adani port stalled by Indian fishing community

Hundreds of people from a Hindu group marched on Wednesday in support of the construction of a $900 million port in southern India, shouting slogans against a local Catholic church that is trying to stall the project.

Reuters

Hindu group to march for Adani port project in India amid Christian protests

A Hindu group close to India's ruling party will on Wednesday march in support of a $900 million port project by the Adani Group which has been stalled by Christian protesters, as tensions rise after clashes in which 80 people were injured.

Al Jazeera

Indian tycoon defends hostile takeover bid for broadcaster

Efforts by Gautam Adani, Asia’s richest man, to buy NDTV triggered debate over press freedom

Newslaundry

Gautam Adani says his push into media is a responsibility, not a business

Gautam Adani says his push into the news media, including his acquisition of NDTV, is a “responsibility” rather than a business opportunity. In an interview with the British newspaper Financial Times, the Indian billionaire also claims that he had invited NDTV founder Prannoy Roy to remain as the network’s chair.

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The Times of India

Gautam Adani, Asia's richest man, makes a $5 billion bet to silence debt-obsessed critics

MUMBAI: Gautam Adani's plan to raise at least $5 billion in equity aims to shut down two of the most frequent criticisms leveled against the Indian tycoon's swelling empire: high debt ratios and a limited investor base.

The Times of India

Adani open offer: Nearly 28 lakh NDTV shares tendered by day 3

NEW DELHI: Nearly 28 lakh shares were tendered by shareholders of NDTV under the Adani group's open offer at the end of the third day on Thursday.

The Times of India

Gautam Adani weighs raising $5 billion in equity as banks urge deleveraging

MUMBAI: Indian billionaire Gautam Adani is courting sovereign wealth funds to raise roughly $5 billion in equity across his sprawling business empire and reduce leverage, people familiar with the matter said.

The Times of India

Adani Group’s cash generation ability underappreciated, M&G says

SINGAPORE: Billionaire Gautam Adani’s group has attracted a lot of scrutiny over its debt-heavy balance sheet and not enough appreciation of its cash-flow generation ability, according to MG Investments (Singapore) Pte.

Reuters

Indian tycoon Adani's mega port hangs in the balance as a fishing community protests

On the main road to billionaire Gautam Adani's planned Vizhinjam mega port on the southern tip of India, a shelter built by the coastal region's Christian fishing community blocks the entrance, preventing further construction.

The Times of India

Gautam Adani, world’s third-richest person, considering opening family office in Dubai or New York

MUMBAI: Asia’s richest person, Gautam Adani, is considering setting up a family office overseas to manage his ballooning wealth, according to people familiar with the discussions.

The Times of India

Gautam Adani gets approval for NDTV open offer boosting takeover bid

MUMBAI: Billionaire Gautam Adani’s conglomerate received the regulatory nod to float an open offer for a further 26% stake in New Delhi Television Ltd, marking a crucial milestone in a takeover battle between Asia’s richest person and the broadcaster’s founders.

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