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The Latest Breaking News from Gautam Adani

Adani becomes world’s third-richest person; first for an Asian

India’s Gautam Adani entered the top three in Bloomberg Billionaires Index’s ‘Top richest person in the world’ list, making it a first for an Asian

The Hindu

Gautam Adani overtakes Bernard Arnault to become world's 3rd richest person

Business conglomerate Adani Group's chairman Gautam Adani is now the world's third-richest person after overtaking France's Bernard Arnault according to Bloomberg Billionaires Index. Full story on Dynamite News:

Dynamite News

Gautam Adani becomes world’s third-richest person as wealth surges

NEW DELHI: Few outside of India had heard of Gautam Adani just a few years ago. Now the businessman, a college dropout who first tried his luck as a diamond trader before turning to coal, has become the world’s third-richest person.

The Times of India

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What exactly does NDTV's loan agreement with Reliance-linked firm say?

Billionaire Gautam Adani is set to control at least 29 percent of NDTV for Rs 113 crore. The acquisition, announced last week, triggered an open offer for the Adani group to buy another 26 percent of the TV network for nearly Rs 490 crore – 16,762,530 shares at Rs 294…

Newslaundry

Reliance plans Rs 2.75 lakh crore investment; prepares for larger battle with Adani group

MUMBAI: Billionaire Mukesh Ambani on Monday announced a Rs 2.75 lakh crore investment plan to expand and diversify his $221 billion-empire by rolling out 5G services from October, adding capacity in the core oil and chemical business and taking on rival Gautam Adani with a foray into FMCG sector.

The Times of India

Adani-NDTV tussle intensifies over stake acquisition

Billionaire Gautam Adani-led Adani Group on Friday asserted that no prior approval was needed from market regulator SEBI to acquire 29 per cent stake in NDTV as stated by the media company founded and promoted by Prannoy Roy and Radhika Roy. Read more on Dynamite News:

Dynamite News

Adani says regulatory curbs do not restrict bid to take over NDTV

MUMBAI: Adani Group said on Friday that regulatory restrictions imposed on New Delhi Television Ltd's (NDTV) founders do not affect the conglomerate's attempt to buy a majority stake in the news network.

The Times of India

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Adani Group needs SEBI approval to acquire majority stake in the news channel: NDTV

The media company said, Adani Group would need to take approval from market regulator Securities and Exchange Board of India (SEBI) to complete the transaction. Read more on Dynamite News:

Dynamite News

Congress says acquisition of NDTV is aimed at stifling independent media

Jairam Ramesh refers to PM’s “special friend” and his “over-leveraged company”

The Hindu

‘NDTV will change fundamentally’: What the news industry makes of the Adani takeover

All calls to NDTV staff on Wednesday were rather short. Asked to comment on the Adani group’s acquisition of their TV network, they declined to speak, even off the record. Coaxing did not help. Several anchors at NDTV 24x7, the network’s flagship English news channel, said they had nothing to…

Newslaundry

Adani Group ‘deeply overleveraged’, says CreditSights; could spiral into a massive debt trap

India's Adani Group, controlled by billionaire Gautam Adani, is "deeply overleveraged" and its many investments in capital-intensive businesses could pose long-term risks to investors, Fitch Group's debt research unit CreditSights said on Tuesday. Read more on Dynamite News:

Dynamite News

NDTV stock rises 5%; hits upper circuit limit on Adani group takeover bid

NEW DELHI: NDTV's share price rose 5 per cent, hitting the upper circuit in opening trade on Wednesday, a day after the Adani group launched a hostile bid to take over the media house.

The Times of India

Media freedom fears in India after Modi ally Adani buys 29% stake in NDTV

NDTV, one of the media groups willing to criticise Narendra Modi’s government, faces hostile takeover by country’s richest man

The Guardian - AU

Move to stifle any semblance of independent media: Congress on Adani's NDTV stake

Adani launched a hostile takeover of NDTV, first with an indirect acquisition of a 29.18% stake in the broadcaster followed by an offer to buy out a further 26% controlling stake

The Hindu

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Newslaundry

How Adani is taking over NDTV without consulting the Roys

Through an indirect deal, the media arm of Adani Enterprises, led by Gautam Adani, the fourth richest person in the world, will acquire nearly 30 percent of NDTV’s shares over the next two days. The deal has kicked in an open offer, under which the Adani group is open to…

Al Jazeera

Indian tycoon Adani’s empire ‘deeply leveraged’: CreditSights

The Fitch Group research unit ‘s report warned of the worst-case scenario of a potential default.

The Times of India

Gautam Adani’s empire is ‘deeply overleveraged,’ Fitch report warns

NEW DELHI: Billionaire Gautam Adani’s ports-to-power conglomerate is “deeply overleveraged,” with the group investing aggressively across existing as well as new businesses, predominantly funded with debt, CreditSights, a Fitch Group unit, said in a report.

The Hindu

Rakesh Jhunjhunwala death | PM Modi leads the way in paying homage to ‘India’s Warren Buffet’

Rakesh Jhunjhunwala passes away aged 62

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The Times of India

Adani Group makes foray into industrial 5G segment

AHMEDABAD: Adani Data Networks Limited (ADNL), the digital connectivity solutions arm of the Adani Group, on Tuesday announced in its regulatory filing that it has acquired the right to use 400 MHz spectrum in the 26 GHz mm wave band.

The Times of India

Asia’s richest men prep for battle as Gautam Adani enters Mukesh Ambani’s turf

MUMBAI: In June, Indian billionaire Mukesh Ambani and his aides ran into an unexpected dilemma when debating where to train the dealmaking lens of his empire next.

Dynamite News

Business: 5G spectrum auction enters Day 3, received bids worth Rs 1.5 trillion so far

Earlier it was expected the auction would be completed on the second day - Wednesday. Full story on Dynamite News:

The Times of India

5G spectrum auction extends to 3rd day; receives bids worth Rs 1.49 lakh crore on day 2

NEW DELHI: India's auction of the 5G spectrum, capable of offering lag-free connectivity and ultra-high speed internet, has garnered Rs 1.49 lakh crore worth of bids so far as the sale stretched to the third day.

Dynamite News

5G spectrum auction enters Day 2: Jio may be lead bidder

The auction of 5G spectrum entered the second day on Wednesday with the opening of the fifth round. Read more on Dynamite News:

Dynamite News

Business: 5G spectrum auction: Rs 1.45 lakh worth bids received after -rounds bidding on Day 1

Industry estimates put auction sales to surpass Rs 80,000 crore to Rs 90,000 crore. Read details on Dynamite News:

The Times of India

5G spectrum auction: Rs 1.45 lakh crore bids by Jio, Airtel, others on day 1

NEW DELHI: India's largest ever auction of spectrum used to carry mobile signals saw bids of Rs 1.45 lakh crore for 5G airwaves from groups run by tycoons Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani on the first day on Tuesday.

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