NEW DELHI: Adani Group‘s proposal to take over the airport in Nairobi, which has drawn protests from transport workers of the African nation, was criticised by the Congress which called it a move that could “convert into anger against India and the Indian Government.” Adani Enterprises has established a Kenyan subsidiary in a bid to…
MUMBAI: India’s billionaire count crossed the triple century mark, with 334 billionaires compared to 259 in 2023 and 109 in 2014. This year’s Hurun Rich List includes 1,539 individuals with a net worth of Rs 1,000 crore or more – an increase of 220 from last year, and with 272 new entrants. The wealth calculations…
Hurun India Rich List 2024: India’s billionaire count has reached a new milestone, with the country adding a billionaire every five days in the past year, bringing the total number of US dollar billionaires to over 300 for the first time. The 2024 Hurun India Rich List reveals that India now has 334 billionaires, an…
Billionaire Gautam Adani plans to appoint auditors from a top global firm and hire a chief executive officer for his family offices to bring a level of disclosure often associated with listed companies, people familiar with the matter said.The founders of the mining-to-media conglomerate are talking to two of the big six accounting firms to…
NEW DELHI: Once bitten, twice shy. A cautious Indian stock market on Monday successfully negotiated the second Hindenburg salvo at the Adani Group with sensex and Nifty closing marginally lower despite a highly volatile trade through the day. And, while the markets did well to survive the potential Hindenburg disruptions, the politicians were once again…
MUMBAI: Hindenburg Research, the US short-seller that in Jan 2023 had alleged extensive corporate fraud by the Adani group using offshore vehicles, on Saturday night cited whistleblower documents claiming that Sebi chairperson Madhabi Puri Buch, with husband Dhaval, had also invested in the same offshore vehicles.Sebi chief and her husband, through 360 One WAM (IIFL’s…
MUMBAI: Adani Enterprises, the flagship of the Adani Group, plans to launch a $1-billion share sale by mid-Sept, Reuters reported.The offering of existing shares will mark Adani Enterprises’ return to the capital market after it withdrew a $2.5-billion follow-on offering in Feb last year after US short seller Hindenburg Research accused the conglomerate of improper…
Gautam Adani, the 62-year-old chairman of Adani Group, has revealed his plans to retire at the age of 70 and transfer control to his sons and their cousins in the early 2030s, according to an interview with Bloomberg News quoted by Reuters. Gautam Adani emphasized the importance of succession for business sustainability, saying, “I left…
PATNA: Bihar CM Nitish Kumar Saturday laid the foundation stone for a Rs 1,600-crore cement grinding unit of Ambuja Concrete North Private Limited, a subsidiary of Gautam Adani‘s Ambuja Cement Limited (ACL), at Warisaliganj industrial area in Bihar’s Nawada.“The investment is a testament to Bihar’s growth potential and our commitment to fostering sustainable development for…
NEW DELHI: Union finance minister Nirmala Sitharaman on Tuesday took a dig at Congress leader Rahul Gandhi over his “Double A and A1,A2” jibes at the BJP-led NDA government as she reminded the Congress leader about the recent milestone reached at Vizhinjam International Seaport in Kerala which welcomed its first mothership, ‘San Fernando’. Rahul, who…
