July 18, 2024
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Gautam Adani’s Empire “Deeply Overleveraged,” Warns New Report

According to a research by CreditSights, a division of Fitch Corporation, Indian billionaire Gautam Adani’s ports-to-power conglomerate is “seriously overleveraged,” with the group making aggressive investments in both new and current businesses that are primarily financed with debt. CreditSights said in the study released on Tuesday that the ambitious Continue Reading
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Asia’s wealthiest prepare for battle as Gautam Adani enters Mukesh Ambani turf

When discussing where to focus the dealmaking lens of his company next in June, billionaire Mukesh Ambani and his advisors encountered an unanticipated problem. According to people familiar with the situation, Ambani’s Reliance Industries Ltd. was considering purchasing a foreign telecommunications giant when word spread that Gautam Adani, who had recently surpassed Continue Reading
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Bill Gates is surpassed by Gautam Adani to become the fourth-richest person in the world

According to Forbes’ Real-Time Billionaires List, Indian entrepreneur Gautam Adani has passed Microsoft co-founder Bill Gates to become the fourth richest person in the world. On Thursday, the 60-year-old business tycoon outperformed Mr. Gates, whose fortunes stand at $104.6 billion, with a net worth of $115.5 billion. Fellow countryman Mukesh Ambani comes in at Continue Reading
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Adani family to donate Rs 60K crore with a focus on health, education, skill

Gautam Adani and his family have promised to pay Rs 60,000 crore, one of the largest charity contributions by an Indian corporate family, to support healthcare, education, and skill development, according to a statement from his logistics-to-energy conglomerate. The Adani Foundation will be in charge of the donation. The statement read, “There is an ever-growing […]Continue Reading