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Searched Tag: gautam adani
Tesla and SpaceX visionary and owner Elon Musk (L), Indian business tycoon Gautam Adani (R).

Musk to become world's first trillionaire, Adani just behind

September 9, 2024, 12:15 PM - 2 min read

A select few companies, such as Microsoft, Nvidia, Apple, Alphabet, Amazon, Saudi Aramco, and Meta, have crossed the $1 trillion valuation mark.

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An aerial view of Nairobi's Jomo Kenyatta International Airport.

Nairobi Airport deal adds to Adani’s global controversies

September 4, 2024, 10:19 PM - 4 min read

Congress leader Jairam Ramesh has pointed to widespread protests by workers' unions in Kenya, who are opposing the agreement that would see the Gautam Adani-led conglomerate take over key airport operations.

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Adani overtakes Ambani as India's richest with Rs 11.6 lakh cr

Adani surpasses Ambani; SRK joins billionaire list

August 29, 2024, 03:59 PM - 3 min read

Gautam Adani's net worth surged 95% to Rs 11.6 lakh crore, surpassing Mukesh Ambani as India's richest. Ambani's wealth rose 25% to Rs 10.14 lakh crore. The Hurun India Rich List for 2024 also saw actor Shah Rukh Khan debut and a 46% increase in cumulative wealth.

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BJP Dismisses Hindenburg Report as Attempt to Destabilise India.

BJP accuses Cong of using foreign reports to disrupt India

August 11, 2024, 04:27 PM - 2 min read

The recent allegations against SEBI Chairperson Madhabi Buch and her husband by the US short seller Hindenburg Research have sparked significant controversy in India.

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Gandhi Siblings Tour Chooralmala After Wayanad Landslides.

Rahul, Priyanka visit Wayanad landslide area

August 1, 2024, 04:29 PM - 2 min read

Rahul Gandhi and Priyanka Gandhi visited the landslide-hit area of Chooralmala in Wayanad, Kerala. They were accompanied by KC Venugopal, Congress general secretary. The visit took place in the aftermath of two massive landslides that struck Mundakkai and Chooralmala on July 30, causing significant destruction, loss of lives, and injuries to hundreds.

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Adani Pledges Rs 5 Crore to Support Kerala Landslide Victims.

Gautam Adani extends ₹5 crore aid for Wayanad relief

July 31, 2024, 06:17 PM - 2 min read

Gautam Adani, the Chairman and founder of the Adani Group, has extended his condolences to the families affected by the Wayanad landslide. In a gesture of solidarity, he announced a financial aid of Rs 5 crore to support relief efforts in Kerala. This announcement comes in the wake of a devastating landslide that claimed the lives of 158 people in the Meppadi area of Wayanad district following continuous heavy rainfall.

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Adani group to develop 570 MW hydro plant in Bhutan, signs MoU

Adani to build 570 MW green hydro plant in Bhutan

June 17, 2024, 12:54 PM - 2 min read

Gautam Adani announced the Adani Group's agreement with Bhutan for a 570 MW green hydro plant and collaborative infrastructure initiatives during meetings with Bhutan's King and Prime Minister in Thimphu.

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Adani becomes richest Asian, surpasses Ambani

Adani becomes richest Asian, surpasses Ambani

June 2, 2024, 01:36 PM - 2 min read

Billionaire Gautam Adani has reclaimed the title of Asia's richest person, surpassing Mukesh Ambani, with a net worth of $111 billion, compared to Ambani's $109 billion.

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Shares of Adani Enterprises Ltd, the flagship company of Gautam Adani’s group, have fully recovered the more than $30 billion in losses incurred after a short-seller report was released in early 2023.

Adani enterprises bounces back, gains $30 Billion

May 24, 2024, 12:20 PM - 2 min read

The stock rebounded as the conglomerate reduced its debt and secured major projects, helping it bounce back after US-based Hindenburg Research accused the group of widespread corporate malfeasance and share-price manipulation in January 2023.

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Adani Ports and Special Economic Zone (APSEZ) has announced the acquisition of a majority stake in Odisha’s Gopalpur Port.

Adani ports shares surge following acquisition of majority stake in Odisha’s Gopalpur port

March 26, 2024, 11:57 AM - 2 min read

The flagship company of the Adani group is set to acquire a substantial 95 percent stake in Gopalpur Port. Gopalpur Port, situated between Paradip Port and Vizag Port, has been operational since 2015, primarily serving the country’s steel industry. The port handles a diverse range of dry bulk cargo, including coal, iron ore, limestone, and ilmenite. Connected to the Golden Quadrilateral via NH-516, Gopalpur Port boasts a capacity to handle around 20 million metric tonnes per annum (MMPTA) of cargo.

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The United States has expanded its inquiry into India's Adani Group, focusing on its founder Gautam Adani, amid allegations of bribery, according to a Bloomberg News report on Friday.

US investigating Adani group and founder over alleged bribery: Bloomberg Report

March 16, 2024, 05:01 PM - 2 min read

Citing sources familiar with the matter, the report reveals that prosecutors are probing whether an Adani entity or individuals associated with the conglomerate, including Gautam Adani himself, engaged in payments to Indian officials to secure favorable treatment for an energy project.

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Mahua Moitra's plea rejected by the Delhi HC. Image X.

Expelled TMC MP Mahua Moitra faces uphill battle as Delhi HC rejects plea

March 4, 2024, 04:21 PM - 2 min read

The Delhi High Court dealt a significant blow to expelled Trinamool Congress (TMC) MP Mahua Moitra's legal battle on Monday by dismissing her plea seeking to curb BJP MP Nishikant Dubey and lawyer Jai Anant Dehadrai from making defamatory remarks against her regarding the cash-for-query scam case. 

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