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The Latest Breaking News from Adani Group

Gautam Adani names son Karan to run cement firms; injects Rs 20,000 crore in Ambuja Cement

NEW DELHI: Billionaire Gautam Adani's son Karan will helm the cement firms his group has acquired to become India's second largest cement player and extend his burgeoning empire that spans from ports and energy to airports and telecom.

The Times of India

Forbes Billionaires List: Gautam Adani second richest man in world

The list showed Adani's total net worth at around $ 154.4 billion as of September 16. Read more on Dynamite News:

Dynamite News

Gautam Adani briefly listed as world's second-richest person

Bernard Arnault and Mr. Adani traded the number two position during the day as the share prices of their companies fluctuated.

The Hindu

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India is quietly laying claim to economic superpower status

India recently overtook UK as the world’s fifth biggest economy – and it could be third by 2030

The Guardian - UK

Asia’s richest man Gautam Adani is searching for new group M&A chief

NEW DELHI: Asia’s richest man Gautam Adani is scouting for a new leader for his mergers and acquisitions strategy as the incumbent will soon take a new role within the group, according to people familiar with the matter.

The Times of India

Adani Transmission eclipses India giants in value with 125% rise

Adani Transmission has blown past entrenched corporate giants to become India’s 10th-largest listed firm by market value as part of a broader runaway rally in Adani Group stocks.

The Times of India

NDTV invites VCPL to join application to Income Tax Department over shares

Adani Group unveiled plans last week to control a majority stake in NDTV

The Hindu

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In 5 charts: How Gautam Adani became first Asian to reach top 3 richest in world

NEW DELHI: When the world went into Covid-induced lockdowns plunging the global economy into a crisis, the worried investors in India had their eyes on the possible impact on Mukesh Ambani who was then the undisputed leader.

The Times of India

Adani becomes world’s third-richest person; first for an Asian

India’s Gautam Adani entered the top three in Bloomberg Billionaires Index’s ‘Top richest person in the world’ list, making it a first for an Asian

The Hindu

Gautam Adani overtakes Bernard Arnault to become world's 3rd richest person

Business conglomerate Adani Group's chairman Gautam Adani is now the world's third-richest person after overtaking France's Bernard Arnault according to Bloomberg Billionaires Index. Full story on Dynamite News:

Dynamite News

NDTV: the hostile takeover

Large conglomerates owning media units might crimp editorial independence

The Hindu

NDTV | The outlier in a noisy television news space

The channel that has played a role in modernising India’s TV news reporting and has never shied away from taking critical positions on the government could be controlled by the Adani Group soon

The Hindu

Adani-NDTV tussle intensifies over stake acquisition

Billionaire Gautam Adani-led Adani Group on Friday asserted that no prior approval was needed from market regulator SEBI to acquire 29 per cent stake in NDTV as stated by the media company founded and promoted by Prannoy Roy and Radhika Roy. Read more on Dynamite News:

Dynamite News

RRPR bound to allot equity, its contentions legally untenable: Adani Group

Responding to disclosures by NDTV promoter RRPR Holding Private Limited, the Adani Group has said that the promoter’s contentions are “baseless” and “legally untenable”, and it is bound to “allot equity shares as specified in the warrant exercise notice”.

Newslaundry

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The Hindu

Adani group asserts RRPR is bound to transfer NDTV shares to VPCL

In a regulatory filing on Thursday, NDTV had contended that the Adani Group may not be able to complete its deal to buy RRPR Holdings as Prannoy, Radhika Roy have been restrained from dealing in securities by a 2020 SEBI order

The Times of India

Adani says regulatory curbs do not restrict bid to take over NDTV

MUMBAI: Adani Group said on Friday that regulatory restrictions imposed on New Delhi Television Ltd's (NDTV) founders do not affect the conglomerate's attempt to buy a majority stake in the news network.

Dynamite News

Adani Group needs SEBI approval to acquire majority stake in the news channel: NDTV

The media company said, Adani Group would need to take approval from market regulator Securities and Exchange Board of India (SEBI) to complete the transaction. Read more on Dynamite News:

Dynamite News

Adani Group ‘deeply overleveraged’, says CreditSights; could spiral into a massive debt trap

India's Adani Group, controlled by billionaire Gautam Adani, is "deeply overleveraged" and its many investments in capital-intensive businesses could pose long-term risks to investors, Fitch Group's debt research unit CreditSights said on Tuesday. Read more on Dynamite News:

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The Times of India

Adani buys 29% in NDTV, to make open offer for 26%

MUMBAI: In a transaction that drew an adverse reaction from the promoters of New Delhi Television (NDTV), the media arm of the Adani Group announced the acquisition of a 29% stake in the company.

Newslaundry

How Adani is taking over NDTV without consulting the Roys

Through an indirect deal, the media arm of Adani Enterprises, led by Gautam Adani, the fourth richest person in the world, will acquire nearly 30 percent of NDTV’s shares over the next two days. The deal has kicked in an open offer, under which the Adani group is open to…

Newslaundry

Adani group acquires NDTV?

A subsidiary of the Adani group has indirectly acquired 29.18 percent in NDTV and launched an open offer, the Hindu reported today.

Al Jazeera

Indian tycoon Adani’s empire ‘deeply leveraged’: CreditSights

The Fitch Group research unit ‘s report warned of the worst-case scenario of a potential default.

The Times of India

Gautam Adani’s empire is ‘deeply overleveraged,’ Fitch report warns

NEW DELHI: Billionaire Gautam Adani’s ports-to-power conglomerate is “deeply overleveraged,” with the group investing aggressively across existing as well as new businesses, predominantly funded with debt, CreditSights, a Fitch Group unit, said in a report.

The Hindu

Vizhinjam port may miss commissioning deadline

Protests by fishermen against project to help port project developer

Benzinga

Benzinga Before The Bell: iPhone 14 Might Be Costlier, Coinbase Face Another SEC Probe, Binance Sees Crypto User Growth And Other Top Financial Stories Thursday, August 11

Reuters Binance Says Worldwide Inflation Is Driving Crypto User Growth

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