May 12, 2024
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Congress Stalwart P Chidambaram Dodges Queries on Adani Group’s Investment in Congress-Ruled Telangana

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In a press conference addressing the Congress party’s Lok Sabha polls manifesto, senior leader P Chidambaram faced discomfort when questioned about the Adani Group’s proposed investment in Congress-ruled Telangana. Swiftly deflecting the query, Chidambaram handed the microphone to party colleague Supriya Shrinate, who, in turn, declined to comment on the Continue Reading
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Adani and Sirius International Holding Forge Joint Venture for Digital Transformation in India

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Adani Enterprises Limited, in collaboration with Sirius International Holding Limited, has inked a landmark agreement to establish Sirius Digitech International Limited, known as Sirius JV, headquartered in Abu Dhabi. This joint venture, with Adani holding a 49% stake and Sirius owning the remaining 51%, aims to seize the immense potential presented by the digitalization Continue Reading
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Adani’s Ambuja Cements Commits $723 Million to Ramp Up Renewable Power Projects

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In a significant stride toward their net zero goals, Ambuja Cements Ltd., under the leadership of billionaire Gautam Adani, has announced a substantial investment of 60 billion rupees ($723 million) into renewable power projects. This Mumbai-based cement giant, now under the Adani Group’s ownership after its acquisition from Holcim Ltd. last year, unveiled plans to Continue Reading
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“Hindenburg May Be Best Thing That Happened To Adani”: Swaminathan Aiyar

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According to economist Swaminathan S. Anklesaria Aiyar, the Hindenburg report might be the “greatest thing” that has ever happened to billionaire Gautam Adani since it might instill financial discipline within the conglomerate. Following allegations of unlawful use of tax havens and stock manipulation by the “apples-to-airports” conglomerate made in Continue Reading
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Gautam Adani’s Plans To Handle His Ballooning Wealth Overseas: Report

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According to those acquainted with the negotiations, Asia’s richest man, Gautam Adani, is considering establishing a family office abroad to manage his soaring wealth. The insiders, who asked to remain anonymous since the topic is private, said that the chairman of the ports-to-power Adani Group conglomerate is considering Dubai or New York as the basis […]Continue Reading
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Gautam Adani’s Empire “Deeply Overleveraged,” Warns New Report

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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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