Gautam Adani Pulled Out Of $553 Million US Loan Deal
Billionaire Gautam Adani withdrew from a major US loan deal worth $553 million. This loan was meant to fund a port terminal being developed by Adani Ports and Special Economic Zone Limited in Sri Lanka’s capital, Colombo. The withdrawal from the loan deal underscores the end of an agreement between India and the US to…
Abdullah Ansari
Ahmed Al Hamadani
Shaping the Future of Health and Nutrition with Sustainable Innovation Ahmed Al Hamadani Founder & Managing Director Vitallea Group The health and nutrition industry is under significant pressure from evolving consumer demands for personalised health solutions, stringent regulatory standards, and a push towards sustainability. Consumers increasingly seek products that offer not only nutritional benefits but…
John David
Adani, Google Join to Power India’s Clean Energy Future
Adani Group and Google collaborated to advance the companies’ joint sustainability objectives and contribute to the growth of clean energy in India. Through the collaboration, Adani will be able to provide clean energy from a brand-new solar-wind hybrid project in Khavda, Gujarat, the site of the largest renewable energy plant in the world. According to…
ABHYUDAYA MITTAL
Adani Family Left Out of Hurun’s Top Family Businesses
Recently, Hurun released its report on India’s most valuable family businesses. According to Hurun’s list of the top 10 family businesses in India, these businesses have collectively amassed a total value of more than INR 60,00,000 crores. However, this list doesn’t include the name of multi-billionaire Gautam Adani’s business. This news sent a shockwave across…
Adani To Retire At 70: Who Will Be The Next Chairman?
Gautam Adani, Indian business Tycoon and Asia’s second-richest person, has decided to step down from his position in early 2030 and transfer his control to his sons and nephews. The 62-year-old multi-billionaire will retire at the age of 70 and has emphasized the importance of succession in an interview with Bloomberg News. According to the…
Ambani’s RIL Acquires Adani Power Subsidiary Shares
Reliance Industries Limited and Adani Power have announced an unexpected twist that could significantly impact the energy sector. India’s wealthiest business tycoon, Ambani, has revealed the acquisition of Mahan Energen, a subsidiary of Adani Power. RIL mentioned that they will buy a 26% stake worth ₹50 crore in the 600 MW unit of Mahan Energen’s…
Shipra Prajapati
Inside the Hedge Fund’s Dark Scheme Against Adani
In light of recent events, SEBI (Security Exchange Board of India) released a shocking revelation regarding the Hindenburg report on Adani Entreprises. In its report, the regulator mentioned that the US-based research firm Hindenburg made a profit-sharing deal with Kingdon Capital Management LLC to share research reports before making them public. Ultimately, this resulted in…
Himanshu
Adani’s Ambitious $100 Billion Green Energy Vision
In the ‘Infrastructure – the Catalyst for India’s Future’ event of Crisil, the chairman of Adani Group, Gautam Adani, made remarks about the 1991 reforms and the current governance of India. He further shared his plans to invest $100 billion in the energy transition in the coming decade. Mr Adani mentioned at the conference, “The…
Adani Group Stock Takes A Nosedive On The Election Result Day
Adani Group stocks dropped up to 18% on the election result day, 4 June 2024. After substantial gains in the last few trading sessions, it’s a big shock for the group. This drop appears to be caused by the unwinding of speculative positions, as investors aim to either take profit or reduce exposure. The Adani…
Adani’s Mundra Port Ships 16.1 MNT Cargo, Sets Record
India’s biggest port, Adani’s Mundra Port, has created history by shipping more than 16 MNT cargo in the month of October. Mundra Port is India’s biggest port and it’s a flagship port of Adani Ports and Special Economic Zone Ltd.(APSEZ). In a statement, APSEZ said that the Mundra port has shipped more than 100 MNT…
