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 Continue Reading
According to official sources, the central government has provided CRPF commandos with a “Z” category VIP security cover for billionaire entrepreneur and Adani Group Chairman Gautam Adani. The all-India coverage, they claimed, will be provided on a “payment basis” and is anticipated to cost between 15-20 lakh per month. According to them, Mr. Adani, Continue Reading
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
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
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
Indian conglomerate Adani Group is looking into possible partnerships in Saudi Arabia, including the possibility of buying a stake in the world’s largest oil exporter. According to sources, the group, led by Indian tycoon Gautam Adani, has held preliminary talks with Saudi Arabia’s aramco and the country’s Public Investment Fund on a variety of potential Continue Reading