Gautam Adani News

initiated an inquiry against one of the member firms of Adani Group's longtime auditors EY. The inquiry was started in recent weeks against S.R. Batliboi, one of EY's member firms in India, a report by Bloomberg informed.

Mukesh Ambani, chairman of Reliance Industries, has reclaimed the top spot as the richest Indian after a year, as per the '360 One Wealth Hurun India Rich List 2023'. Ambani was ranked at the top with a wealth of ₹8,08,800 crore with 2% appreciation over the previous year. Industrialist Gautam Adani, despite a 57% erosion in wealth, was ranked second in the list with a wealth of ₹4,74,800 crore.

(Reuters) — Global companies with a presence in Israel have temporarily shut some operations and asked employees to work from home following military clashes between the country and the Palestinian Islamist group Hamas.

Sun Pharmaceutical: The drug major will buy out local partner Indi Pharma from its Mexican arm for over ₹75 crore. The company has signed a binding letter of intent to acquire the balance 25% outstanding shares of Sun Pharma de Mexico, SA de CV, a subsidiary where it currently holds 75%. Adani Green & Adani Energy: Abu Dhabi conglomerate International Holding Company on Thursday said it will sell its stake in two of India's Adani Group companies, a move that comes as billionaire Gautam Adani's business continues its battle against fraud allegations, Reuters reported.

Sharad Pawar's meeting with Gautam Adin Ahmedabad, NCP MLA Jayant Patil said that there is no need to mix up two different things. «There is no need for objection to it, it was just one project where Sharad Pawar went and inaugurated it. Sharad Pawar has always supported the decisions taken in meetings of the INDIA alliance and there is no need to mix two things,» said Patil. Patil said there should be no controversy over it as keeping the invitation of Gautam Adani and the INDIA bloc are two separate things.

Adani Energy Solutions have raised stake in the company from 70.41% to 72.56% between August 16 and September 14, as per a BSE filing . The report stated that promotes might have bought nearly 2.4 crore shares during this period.

Indian equities that has swelled the market’s total valuation by $775 billion in a little more than five months has been accompanied by a notable shift in investor preference to smaller stocks. That poses risks as gauges of small and mid-cap shares show signs of overheating, and as the domestic economic outlook becomes more clouded ahead of national elections next year. Smaller companies are seen benefiting more from the ongoing recovery in India’s capital expenditure. Larger stocks, in contrast, have been relatively restrained by worry over the impact of a possible global recession on the nation’s major IT firms, as well as fallout from a short-seller campaign against the sprawling group controlled by billionaire Gautam Adani. The trend is the opposite to what has been seen in the US stock market, which has been driven by a handful of technology megacaps surging on the boom in artificial intelligence, leaving small caps in the dust. The Nifty Midcap 100 Index has risen 37% from a March low, compared with a 16% gain in the blue-chip NSE Nifty 50 Index, driving the ratio of the former to the latter to an all-time high.

Rahul Gandhi on Saturday accused the BJP-led Centre of working for the welfare of 2-3 billionaires of the country and said states governed by his party will have the «government of the poor» and not the 'government of Adani.' Addressing a convention of Rajiv Yuva Mitan Club at Mela Sthal in poll-bound Chhattisgarh's Nava Raipur, Gandhi said the country cannot progress with hatred and violence.

Adani Group companies recovered on Friday with the market valuation going up by Rs 13,500 crore a day after a report by OCCRP alleged that billionaire Gautam Adani used family associates to secretly invest hundreds of millions of dollars through «opaque» Mauritius-based investment funds to fuel the rise in group stocks.

Mukesh Ambani said his Reliance Industries Ltd. will expand into wind power equipment with the help of more established firms to boost the conglomerate’s suite of clean energy products. Reliance will partner with “global leaders” in the renewable technology to offer cost-efficient turbines, Ambani told shareholders Monday at the company’s annual general meeting.

Reliance IndustriesShares of Reliance Industries Ltd (RIL) will be in focus today ahead of the company's AGM.

Adani Transmission. Meanwhile TAQA said news of any investment had “no truth".

Nykaa, HDFC AMC, Indus Towers, Page Industries, ACCNykaa, HDFC AMC, Indus Towers, Page Industries and ACC have been excluded from Nifty Next50 in the latest revision of various NSE indices.Yatharth HospitalYatharth Hospital reported 73% year-on-year growth in its consolidated net profit at Rs 19 crore for the quarter ended June.Read more: What changed the market while you were sleepingConcord BiotechThe shares of Concord Biotech will debut on the exchanges today.

Billionaire Gautam Adani-led Adani Enterprises is exploring selling its stake in Wilmar International Ltd, Bloomberg News reported.

Elon Musk bored of the town square already? A month after completing his acquisition of Twitter, his iconoclastic gaze appears to be trained on the entire city. Mr Musk wants to build a super-app. Whether called “Twitter 2.0", “The everything app" or “X", his plans are still super-vague.

personal loans to remove a link between his obligation to post collateral and his holding company's share price. In February this year, the Hindenburg research report accused billionaire Gautam Adani's firms of improper use of offshore tax havens and stock manipulation.

By Akanksha Khushi

Bain Capital has also committed $120 million in primary capital to facilitate the company’s ongoing growth. “I have known Gaurav since his days as an investment banker," said Gautam Adani, the chairman of Adani Group.  “He wanted to become an entrepreneur and I backed him.

Gaurav Gupta, will retain the remaining 10% stake in the firm, and Bain Capital will invest another 10 billion rupees to grow the business, according to the report by Business Standard. The management owns 10% stake in the company while billionaire Gautam Adani owns approximately 90 per cent. According to a report by India Today, Bain Capital has surpassed Carlyle to emerge as the frontrunner in the acquisition process.

Billionaire Gautam Adani on Tuesday reiterated tha... moreBillionaire Gautam Adani on Tuesday reiterated that the Hindenburg report was a combination of misinformation and discredited allegations.

Barclays Plc has been the go-to bank for Indian billionaire Gautam Adani, leveraging a relationship forged when only a few global firms were working with the emerging conglomerate. An explosive report by short-seller Hindenburg Research in January has changed all that, prompting the bank to pare its exposure, leaving a hole in an Indian business that’s been a key driver of the firm’s Asian growth for years. Executives at the highest levels are scrutinizing ties with Adani, turning more cautious about adding new business pending a regulatory probe that’s supposed to end next month, according to people familiar with the matter.