Page 13 - Gautam Adani

Global wealth, Indian business

Comparing India and China's Fortune 500 performance may not be entirely fair, but it offers some thought-provoking facts at a time when India is flaunted as the only decent economic game in town

Adani Enterprises FPO may get a big boost from Gulf sovereign wealth funds

Adani Enterprises will need to offer at least 35 per cent of the FPO, worth as much as Rs 7,000 crore, to retail investors

Regret not completing college education: Gautam Adani, Asia's richest man

He dropped out of formal education at the age of 16 in 1978 to take a train to Mumbai to try his luck and three years later made his first killing -- a Rs 10,000 commission doing a diamond trade with a Japanese buyer. That marked the beginning of the entrepreneurial journey of Gautam Adani, now Asia's richest man. He, however, regrets not finishing college, saying early experiences made him wise but formal education rapidly expands one's knowledge. Speaking at the 75th year celebrations of Vidya Mandir Trust Palanpur in Gujarat, Adani recounted his phenomenal journey that has made his group the world's largest solar power company, largest airport and sea port operator in India, nation's largest integrated energy player, country's second largest cement manufacturer and a conglomerate with market capitalisation of over USD 225 billion -- all in a span of four-and-a-half decades. While the dry and tough living conditions of Gujarat's Banaskantha shaped his social behaviour, his father'

Adani Group plans to roll out 5G services, consumer apps this year

The plan for B2C (business-to-consumer) apps for consumers comes as an unexpected move by the company

Year in Review: Top 10 global biz personalities of 2022

Adani Enterprises buys shares from NDTV founders at 17% premium

Proxy advisory firms say premium now must be paid to all shareholders who participated in open offer

Year in review: 10 Indian business persons who grabbed headlines in 2022

Adani's purchase of NDTV founders' stake may test acquisition rules

While the deft legal move shows the ingenuity of the tycoon and his dealmakers in clinching acquisitions - Adani's entry into NDTV 4 months ago was also via an indirect route

A deft legal manoeuvre helped Gautam Adani cement majority stake in NDTV

Adani's entry into NDTV four months ago was also via an indirect route - it could invoke the regulator's scrutiny on grounds that it is unfair to common shareholders

Year in review: 10 Indian business persons who grabbed headlines in 2022

From Gautam Adani and Nischal Shetty to Falguni Nayar and Kaivalya Vohra, take a look at Indian business leaders who grabbed headlines in the year gone by

Top Headlines: India's billionaire club shrinks, Airtel 5G monetisation

Business Standard brings you the top headlines at this hour

India's billionaire club shrinks to 120, Gautam Adani tops rich list

In comparison, Ambani, who topped the list last year, has seen a 2.5 per cent decline in his family's net worth to $101.75 billion from $104.4 billion a year ago

I owe my success to institutional reforms over 30 years: Gautam Adani

As both he and PM Modi are from the same state, it makes him the easy target of baseless allegations, says Adani

Thanks to Adani, India to rank among 2022's best-performing stock markets

A solid run of earnings buoyed key Indian benchmarks to record levels, making the market larger than the UK

Adani Solar starts manufacturing large sized monocrystalline silicon ingots

Adani Solar on Wednesday said it has begun manufacturing of large sized monocrystalline silicon ingots in India. The monocrystalline ingots will drive indigenisation to produce renewable electricity from silicon-based PV (photovoltaic) modules with efficiencies ranging from 21 per cent to 24 per cent, the company said in a statement. "We are delighted to become India's first manufacturer of large sized monocrystalline silicon ingots capable of producing M10 & G12 wafers. While the company's initial production has already begun, it intends to add 2 GW of ingot and wafer capacity by the end of 2023," Puneet Gupta, CTO of Adani Solar, said. Adani Solar is the solar photovoltaic manufacturing and research arm of the Adani Group.

Adani Transmission incorporates wholly-owned subsidiary Adani Cooling Sol

Adani Transmission on Tuesday said it has incorporated a wholly-owned subsidiary Adani Cooling Solutions Ltd. According to a regulatory filing, the subsidiary was incorporated on Monday with an initial authorised and paid up share capital of Rs 1,00,000 each, for the purpose of carrying on District Cooling System business. The entity will commence its business operations in due course, it added.

Adani group entity operating Guwahati airport gets aerodrome licence

The Guwahati International Airport Ltd, the Adani group entity that operates the LGBI Airport, here, has been granted aerodrome licence by the DGCA for complete management of the airport, an official statement said on Saturday. The licence was granted by the Directorate General of Civil Aviation (DGCA) on Friday, the Guwahati International Airport Ltd statement said. It said the aerodrome licence has been given for "ensuring complete management, operations and development of the Lokpriya Gopinath Bordoloi International (LGBI) airport in accordance with the concession agreement". "The license authorises the aerodrome to be used as a public airport of the country," it added. The licence was received by the Chief Airport Officer of LGBI Airport, Utpal Baruah, in Delhi from Arun Kumar, Director General, DGCA, Government of India. So far, Guwahati International Airport Ltd was operating the LGBI Airport with the licence of the AAI, the facility's earlier operator. The Adani group had

20 Indian firms in 500 most valuable globally, Reliance top: Hurun report

Apple, worth $2.4 trillion, is the most valuable company, followed by Microsoft with a value of $1.8 trillion: 2022 Hurun Global 500 report

Adani among 3 Indian billionaires on Forbes list of philanthropy heroes

Indian billionaires Gautam Adani, Shiv Nadar, and Ashok Soota, as well as Malaysian-Indian businessman Brahmal Vasudevan and his lawyer wife Shanthi Kandiah, were named in the 16th edition of Forbes Asia's Heroes of Philanthropy list released on Tuesday. The unranked list "highlights leading altruists in the Asia-Pacific region who demonstrated a strong personal commitment to philanthropic causes," Forbes said in a press release. Adani was listed for having pledged Rs 60,000 crores (USD 7.7 billion) when he turned 60 in June this year. The pledge makes him one of India's most generous philanthropists, the press release said. The money will address healthcare, education, and skill development and will be channelled through the family's Adani Foundation, which was founded in 1996. Each year, the foundation helps nearly 3.7 million people across India. Self-made billionaire and philanthropist Shiv Nadar counts among the top donors in India, having channelled close to USD 1 billion of

What does Gautam Adani's partial takeover of NDTV mean for television news?

Since its inception, NDTV's strength has been questioning the establishment on every side of the ideological divide