Gautam Adani

Gautam Adani

Chairman, Adani Group
Birth DetailsJune 24, 1962 | Ahmedabad, India
NationalityIndian
LeagueEntrepreneur
EducationB.Com, Gujarat University (Dropout)
Net Worth$15.7 billion (as of September 10, 2019)
Gautam Adani's Assets:

Gautam Adani's Journey so far ...
  • Gautam Shantilal Adani’s business journey began when he dropped out of college and moved to Mumbai to gain some real-life work experience
  • He started off as a diamond sorter at Mahendra Brothers, and within a few years set up his own diamond brokerage firm in Mumbai’s Zaveri Bazaar
  • After a short stint in Mumbai, he returned to Ahmedabad to work with his brother in the latter’s plastic factory. It was here that he ventured into global trading by making the decision to import PVC (polyvinyl chloride) which was widely used to manufacture plastic
  • Growth in the PVC import business continued and in 1988, Adani Group was officially established with interests in power and agricultural commodities
  • Thanks to the 1991 economic reforms, Adani’s business soon diversified and became a multinational conglomerate
  • The year 1995 marked a big success for Adani when his company bagged the contract for operating the Mundra port which went on to become India’s largest private-sector port
  • Adani furthered his diversification endeavours with the incorporation of Adani Power Ltd. in 1996. A decade later, the company entered the power generation business and currently is the largest private thermal power producer in India
  • Today, the Adani Group is a global conglomerate with interests in power, renewables, gas distribution, logistics and real estate among others. While Gautam Adani’s businesses have combined revenues of around $11 billion, he himself is one of the wealthiest individuals of India

Before you go ...
  • According to reports, Adani was allegedly kidnapped in 1998
  • He was also one of the survivors of the 2008 Mumbai terrorist attack on the Taj Mahal Palace hotel
Last Updated: 15/02/2021

Gautam Adani News

  • Gautam Adani has regained the title of Asia’s richest person after a rally in Adani Group stocks lifted his net worth to $89.2 billion. The surge helped him overtake Mukesh Ambani and SoftBank’s Masayoshi Son, with key Adani stocks gaining strongly and extending their sharp 2026 rally.
  • West Bengal Chief Minister Suvendu Adhikari met with Adani Ports MD Karan Adani. Discussions focused on power, logistics, and infrastructure investments. The Chief Minister assured full support for Adani Group's projects in Bengal. The Adani Group had previously pledged Rs 10,000 crore in investments. This meeting follows earlier discussions about the Tajpur port project.
  • Adani Group chairman Gautam Adani announced the company's focus has shifted from funding to project execution. Significant investments are planned across airports, energy, data centres, and logistics. The group anticipates strong demand driven by infrastructure needs and artificial intelligence. Legal matters are now behind them, allowing for a concentrated push on growth and asset building.
  • Gautam Adani announced the Adani Group has overcome US legal challenges and is accelerating investments in energy, transport, and digital infrastructure. The conglomerate is positioning itself to capitalise on AI-driven growth, with significant capital expenditure in renewable energy, data centres, and logistics. Adani emphasised the group's commitment to nation-building despite past scrutiny.
  • Adani Group companies have recovered nearly $150 billion in market value lost after the 2023 Hindenburg report. Strong rallies in Adani Power, Adani Total Gas and Adani Enterprises, along with easing regulatory concerns and rising investor confidence, have driven the conglomerate’s remarkable market comeback.
  • Adani Enterprises and Adani Ports have generated over Rs 1.3 lakh crore in investor wealth this year. These two Adani Group stocks have significantly outperformed the Nifty index. This surge is driven by strong operational performance and renewed investor confidence. Adani Ports shows robust cargo growth and expansion. Adani Enterprises benefits from growth in airports and new industries.
  • Rahul Gandhi warns of a severe economic storm approaching India. He states that the current economic structure benefits industrialists like Gautam Adani and Mukesh Ambani, while ordinary citizens, including the youth, poor, middle class, farmers, laborers, and small traders, will bear the brunt.
  • The US Department of Justice has permanently dismissed criminal fraud charges against Gautam and Sagar Adani. This decision, following a payment without admitting guilt, is expected to boost Adani Group's shares and facilitate their expansion into the US market. Prosecutors cited a lack of evidence as the reason for withdrawing the case.
  • Adani Group shares surged as US prosecutors dropped criminal charges against Gautam Adani and his nephew. This development concludes a 19-month legal challenge. The conglomerate also settled civil charges with the US Treasury Department for sanctions violations. The group's expansion plans faced uncertainty during this period. The dismissal of charges brings significant relief to the Adani Group.
  • US authorities have dropped criminal charges against Gautam Adani and Adani Group executives. This follows a 19-month investigation. The conglomerate also settled civil sanctions charges with the US Treasury Department for $275 million. These developments open new avenues for Adani Group businesses to raise funds and invest in the US. The group faced significant challenges during the investigation period.
  • US authorities have dropped criminal fraud charges against Gautam Adani. This follows a $275 million settlement for a probe into sanctions violations. Adani had promised a $10 billion investment in the US economy. His lawyer argued the case was weak and investment was contingent on dismissal. The settlement involved apparent violations of OFAC's Iran sanctions.
  • Adani Enterprises has agreed to a $275 million settlement with the US Treasury. This resolves potential civil liability for 32 apparent violations of US sanctions on Iran. The company bought liquefied petroleum gas from a Dubai trader. This gas had actually originated from Iran. Separately, the US Securities and Exchange Commission settled a civil lawsuit against Gautam Adani.
  • Rahul Gandhi criticised Prime Minister Narendra Modi, alleging he prioritised Gautam Adani's release from US fraud charges over India-US trade deal. This follows reports that the US Justice Department is nearing the dropping of criminal fraud charges against Adani, who pledged a $10 billion US investment.
  • Adani Group stocks saw a significant jump on Friday. Reports suggest US authorities may resolve fraud allegations against Gautam Adani. A settlement with the SEC for $18 million is also proposed. This development could lead to the dropping of criminal charges. The Adani Group is reportedly considering substantial US investments. This offers a major relief for the conglomerate.
  • The U.S. Justice Department is close to dropping criminal fraud charges against Gautam Adani over an alleged bribery scheme tied to an Indian solar project. Separately, the SEC has settled a related civil fraud case against Adani and his nephew, subject to court approval, with both agreeing to pay civil penalties without admitting wrongdoing.
  • Gautam Adani and his nephew Sagar will pay $18 million to settle US Securities and Exchange Commission charges. The Adani Group faces allegations of false statements regarding Adani Green Energy Ltd. This settlement could pave the way for the conglomerate's return to international markets. The Justice Department is also moving to drop fraud charges against Gautam Adani.
  • US authorities are nearing a resolution for fraud charges against Indian billionaire Gautam Adani. The Justice Department may drop its case soon. The Securities and Exchange Commission is also working to settle its parallel civil fraud case. This development would significantly benefit the Adani Group, clearing the path for international capital markets and expansion.
  • Adani Enterprises shares surged over 5% following a substantial block deal worth Rs 1,435 crore. Despite a Q4 net loss, revenue climbed 20%, driven by infrastructure and utility segments contributing 80% of EBITDA. The company highlighted a stable, infrastructure-led business model poised for sustained cash generation and value creation.
  • Uber CEO Dara Khosrowshahi announced the company's first data center in India, a collaboration with the Adani Group, set to launch later this year. This facility will be instrumental in testing and deploying Uber's technology at scale.
  • Uber CEO Dara Khosrowshahi announced a partnership with Adani Group to establish Uber's first data center in India. This facility, set to be operational later this year, will enable Uber to test and deploy technology, supporting its growth as a global innovation hub for the company.
  • Gautam Adani states energy and digital infrastructure will shape future global power. He urges India to build its own artificial intelligence capabilities. India must own its intelligence future, not rent it. The nation's scale offers unique advantages for AI and energy infrastructure. AI will expand productivity and create jobs. Adani Group is investing heavily in energy transition and digital infrastructure.
  • Adani Group Chairman Gautam Adani said that control over both energy and digital infrastructure will define 21st-century global powers. He argued that fractured global dynamics, exposed by conflicts, necessitate national self-reliance in these "twin foundations of national power." Nations mastering energy and computing will shape the future, with India uniquely positioned to leverage domestic demand for its infrastructure growth.
  • Adani Group is streamlining its operations with a new three-layer structure. This move aims to accelerate decision-making and improve execution as India's infrastructure sector grows. The conglomerate is also expanding worker facilities and plans significant investments. Adani Enterprises is raising funds through a share sale. The group is addressing operational challenges and legal matters.
  • Adani Green Q4 Results: Adani Green Energy announced impressive financial results for the March quarter. Net profit surged by 34.3% year-on-year. Revenue from operations also saw a healthy 16% jump, fueled by the addition of 5.1 GW of new capacity. The company's operational capacity expanded significantly, reaching 19.3 GW.
  • Adani Energy Q4 Results: Adani Energy Solutions reported a 6% year-on-year increase in consolidated net profit to Rs 684 crore for the fourth quarter, with revenue from operations growing 17% to Rs 7,443 crore. The company's performance was bolstered by key transmission projects and strong growth in its smart metering segment.
  • The US Securities and Exchange Commission and Indian businessmen Gautam Adani and Sagar Adani seek more time in a US court. They have proposed a new schedule for key submissions in a civil securities case. The SEC sued the Adanis in November 2024, alleging they misled investors. The Adanis deny all allegations and seek dismissal of the fraud lawsuit.
  • Gautam Adani has officially claimed the title of Asia's wealthiest individual, overtaking Mukesh Ambani with a net worth of $92.6 billion as of April 16. The surge in Adani Group stock prices has fueled this remarkable comeback after earlier hardships. Adani now proudly ranks 19th on the prestigious Bloomberg Billionaire Index, highlighting a significant turnaround in his financial standing.
  • Gautam Adani is now Asia's richest person, surpassing Mukesh Ambani. Adani's wealth has surged this year, placing him 19th globally. Ambani's fortune has seen a decline. Adani Group shares gained significantly, boosting Adani's net worth. Several global billionaires have experienced wealth reduction. Elon Musk continues to lead the global rich list.
  • India's antitrust regulator has dismissed a complaint against Adani group entities and others. The Competition Commission of India found no initial evidence of anti-competitive practices. This decision relates to a tender awarded by the Solar Energy Corporation of India. The regulator stated that the Adani Group does not appear to hold a dominant position in the power generation market.
  • Jaiprakash Gaur is confident the Adani Group will lead Jaiprakash Associates Limited forward. The Adani Group has been selected as the successful resolution applicant. Gaur respects the Committee of Creditors' decision. He described the insolvency process as fair and transparent. Efforts were made for a credible resolution for all stakeholders. The company faced financial stress and entered insolvency proceedings.
  • Adani Group stocks surged as Gautam Adani sought dismissal of a US SEC civil fraud case. Adani Green Energy led gains, jumping 12%. A US court granted Adani's request to schedule a hearing on his plea to dismiss the case, citing lack of personal jurisdiction and failure to state a claim.
  • Gautam Adani and nephew Sagar Adani are challenging a US SEC civil lawsuit, seeking dismissal by April 30, 2026, citing lack of court jurisdiction. The Adani Group stocks saw a surge following this move. The SEC had accused them of bribery to benefit Adani Green Energy and failing to disclose this in a 2021 bond offering.
  • Gautam Adani is challenging a US securities fraud case. His lawyers have filed to dismiss the charges brought by the US Securities and Exchange Commission. The SEC had accused Adani and another executive of orchestrating a bribery scheme. This move marks a new development in the ongoing legal proceedings. The case had faced delays due to service issues.
  • The Supreme Court of India has refused to halt Adani Enterprises' acquisition of Jaiprakash Associates, a decision impacting Vedanta Group. Vedanta had sought a stay, citing a lack of transparency in the insolvency process. The court deferred to the NCLAT, which is scheduled to hear related appeals on April 10.
  • Vedanta, owned by Anil Agarwal, had outbid Adani Group in one of the largest and most keenly tracked insolvency cases in the country. The committee of creditors, though, opted for the resolution plan offered by the Adani Group because of higher upfront payments. Vedanta has told the Supreme Court that the insolvency process lacked transparency and failed to maximise value for creditors. It alleged that the process followed by JAL's committee of creditors in approving the plan of the Adani Group was "unfair, opaque, and inequitable".
  • Adani Ports aims for one billion tonnes of cargo by 2030. The company recently crossed the 500 million tonnes mark. This expansion supports India's growing trade and industrial needs. Adani Ports is India's largest port operator. The group's network includes 20 ports across India and internationally.
  • Gautam Adani revisited the 1990s, remembering the challenging beginnings of Mundra Port. He shared a personal journey to the site, highlighting its undeveloped state. Adani spoke of youthful optimism driving the project. The Adani Group's cargo handling has seen significant growth.
  • Indian billionaire Anil Agarwal’s Vedanta is challenging fellow tycoon Gautam Adani’s winning bid for bankrupt real estate firm Jaiprakash Associates in the Supreme Court. The $4 billion asset pool includes homes, power and cement plants, and India’s only Formula One track near New Delhi.
  • Vedanta Group has approached the Supreme Court seeking a stay on Adani Group's takeover of Jaiprakash Associates Ltd (JAL). Vedanta claims it was initially declared the highest bidder for JAL, but the decision was later reversed. Lenders, however, defend their choice of Adani's bid, citing upfront cash and faster repayment, despite Vedanta's higher financial offer.
  • Indian billionaire Gautam Adani is in talks with American technology giants including Meta Platforms Inc. and Google for partnerships in his fast-expanding data centre business, according to people familiar with the matter.
  • Vedanta Group has appealed to the NCLAT against the NCLT's decision to approve Adani Group's bid for Jaiprakash Associates Ltd. The NCLT had earlier sanctioned Adani Enterprises Ltd's Rs 14,535 crore offer. Lenders had approved Adani's plan in November last year. Vedanta was also a contender for the acquisition.
  • Gujaratis exhibit an exceptional entrepreneurial spirit, deeply rooted in their history and culture, contributing significantly to India's GDP and industrial output. This success stems from a normalised approach to risk and failure, optimised frugality, a powerful diaspora network, and a strong preference for ownership, all contributing to their enduring business acumen.
  • A unit of Adani Group raised about $500 million through a bond privately placed with funds managed by Apollo Global Management Inc., according to people familiar with the matter, highlighting the Indian conglomerate’s ongoing effort to tap funding outside the public dollar bond market.
  • Gautam Adani honored the women who shaped his life on International Women's Day. He credited his mother, Shantaben Adani, for instilling values through epic stories. His wife, Priti Adani, left her dental career to lead the Adani Foundation, impacting millions. Daughters-in-law Paridhi and Diva Adani bring fresh perspectives. Granddaughters remind him of the future's importance.
  • Adani Andhra solar deal: CM Naidu had kept the decision in abeyance and the state was examining the financial impact of cancelling the power supply agreement. Last year, Andhra Pradesh had realised the adverse financial implications of such a move and was trying to look for options.
  • Gautam Adani visited Jharkhand and Bihar, reviewing power projects worth over Rs 40,000 crore. He inspected the Godda thermal plant supplying power to Bangladesh. Adani also reviewed a planned project in Pirpainti, Bihar. These investments position the Adani Group as a major infrastructure investor in the region. Adani also visited the Baba Baidyanath temple.
  • Adani Enterprises is in discussions with the US Office of Foreign Assets following a report alleging Gautam Adani sought to influence the Trump administration regarding bribery charges. The company confirmed receiving a Request for Information but stated it contained no findings of non-compliance. Shares dipped following the disclosure.
  • Adani Green Energy Limited has issued a clarification regarding a civil case filed by the US Securities and Exchange Commission. The company stressed that it is not a party to the proceedings. No charges have been brought against Adani Green Energy Limited itself. The case pertains only to directors Gautam Adani and Sagar Adani in their personal capacity.
  • The US Securities and Exchange Commission will serve Gautam Adani with a civil fraud lawsuit. This allows the regulator's case against the Indian businessman to move forward. Lawyers for Adani and his nephew Sagar Adani agreed to accept the legal papers. This avoids a court ruling on how they should be served.
  • Adani Airports wants India to remove limits on foreign airline seats. This move is seen as crucial for India to become a global aviation hub. Current restrictions hinder growth and frustrate international carriers. Indian airlines, however, support the government's stance to protect domestic carriers. The fastest-growing aviation market faces a debate on liberalization.
  • Adani Group companies clarified via stock exchange filings that they are not parties to any US SEC legal proceedings. Reports indicated the SEC sought court approval to serve summons to Gautam Adani and Sagar Adani via email after Indian authorities denied previous requests. The group reiterated no allegations are against the company.
  • Adani Group stocks saw a sharp decline on Friday. This followed news that the US SEC is seeking court permission to email summons to founder Gautam Adani and nephew Sagar Adani. Allegations involve fraud and a bribery plot. The group's market value dropped by over $9 billion. Investors are advised to wait for clarity.
  • Gautam Adani's Adani Aerospace and Brazil's Embraer will soon announce a partnership. This collaboration aims to assemble commercial aircraft in India. The move is set to boost India's civil aviation sector. Indian carriers have placed significant aircraft orders. Embraer forecasts a strong demand for regional jets in South Asia. This development marks a historic moment for Indian aviation.
  • The US Securities and Exchange Commission wants to email summons to Indian billionaire Gautam Adani and executive Sagar Adani. This follows India's refusal to serve the documents twice. The SEC alleges a fraud and bribery scheme involving $265 million. Adani group denies the claims. The SEC believes further attempts through international treaties will fail.
  • Adani Energy Solutions Q3 Results: Adani Energy Solutions reported a slight dip in net profit but saw a 15% revenue jump, fueled by strong operational performance and higher capital expenditure. Record EBITDA was achieved, driven by transmission and smart metering growth. The company is expanding its transmission project pipeline and smart meter installations, anticipating robust future growth.
  • Adani Group will invest Rs 1.5 lakh crores in Kutch over the next five years. This significant investment will boost India's position as a global investment hub. The group plans to complete its Kavda renewable energy project by 2030 and double Mundra port capacity in ten years. These initiatives align with national priorities for employment and industrial growth.
  • Mukesh Ambani led India's billionaire wealth surge in 2025, adding $16.5 billion as Reliance Industries rallied nearly 30%. Gautam Adani also saw his fortune grow by $5.9 billion following a clean chit from Sebi. Conversely, Shiv Nadar and Azim Premji experienced wealth declines amid IT stock downturns.
  • Gautam Adani on Sunday made a strong case for India building its own sovereign AI capabilities, warning that unchecked dependence on foreign technologies could pose serious economic and strategic risks for the country, as he stressed that artificial intelligence has emerged as a defining force of the fourth industrial revolution.
  • Adani Group Chairman Gautam Adani inaugurated the Sharadchandra Pawar Centre of Excellence in Artificial Intelligence in Baramati, Maharashtra. The Adani Group has partnered with Vidya Pratishthan to enhance AI collaboration, emphasizing the transformative potential of AI for India's progress and capability building.
  • Industrialist Gautam Adani opened the Sharadchandra Pawar Centre of Excellence in Artificial Intelligence in Baramati. The Adani Group chairman funded the centre. It is established under Vidya Pratishthan, an institute governed by the Pawar family. Sharad Pawar, Supriya Sule, Ajit Pawar, and Sunetra Pawar attended the inauguration. Adani had previously visited Baramati in 2022.
  • Adani had visited Baramati, the home turf of the Pawar family, in 2022 to attend the inauguration of the Science and Innovation Activity Centre in the town, about 110 km from Pune. The relationship between Pawar and Adani goes back nearly two decades.
  • Adani Group is the front-runner for Bengaluru's tunnel road project. The bid is higher than government estimates, requiring cabinet approval. This puts the Congress government in a difficult position due to Rahul Gandhi's public opposition to the Adani Group. Deputy Chief Minister DK Shivakumar denies knowledge of bid details. The project faces political hurdles.
  • Adani Group is transforming its airport strategy. It will now focus on developing Indian airports as urban hubs. This involves integrating aviation with retail, hospitality, and digital services. The group aims to maximize passenger transactions and create self-sustaining ecosystems. This move signals a significant evolution in how Indian airports will be monetized and developed.
  • At the centre of this hospitality push is Navi Mumbai, where the group is developing a new international airport and large tracts of surrounding real estate. About 15 hotels are planned in Navi Mumbai alone, highlighting the scale of the ambition and the group’s confidence in future demand for business travel, events and leisure stays in the region.
  • Adani Enterprises aims to secure 11 government-leased airports. This move is part of a significant $11 billion expansion strategy for airport infrastructure. The company is already India's largest airport operator by number of airports. India's aviation sector is experiencing rapid growth.
  • Adani Group Chairman Gautam Adani announced that the group will invest $75 billion over five years in the energy transition sector, highlighting opportunities in green steel, hydrogen, and renewables. He showcased the world’s largest renewable energy park under construction at Khavda, Gujarat, which will cover 520 sq km and generate 30 GW of green energy by 2030, enough to power over 60 million Indian homes.
  • Adani Group chairman Gautam Adani stressed India's sovereignty hinges on mastering its resources and energy systems. He urged India to chart its own development path in a world of fractured alliances.
  • Indian companies Adani and Hindalco Industries are looking to invest in Peru's copper sector. Peru, a major copper producer, is seeking new investments. India, a growing economy, wants to secure its copper supply chains. Discussions are underway for a free trade agreement between India and Peru. This pact could ensure a fixed quantity of copper concentrate for India.
  • IT Minister Nara Lokesh said he, along with the CM, held discussions with the Adani Group leadership on the progress of existing projects.
  • AdaniConneX (ACX), a joint venture of Adani Enterprises Ltd and data centre operator EdgeConneX, had executed a share purchase agreement on November 21, 2025 with TCTPPL and Shree Naman Developers and Jayesh Shah (existing shareholders of TCTPPL) to acquire 100 per cent stake in TCTPPL.
  • The Indian conglomerate, led by billionaire Gautam Adani, is planning to invest as much as $5 billion in Google’s upcoming AI infrastructure hub in southern India, according to chief financial officer Jugeshinder Singh, showing the steady stream of investments pouring in the fast-growing data center business.
  • Gautam Adani's new $1.2 billion copper smelter in Gujarat is operating at a fraction of its capacity due to a global ore supply shortage. Kutch Copper Ltd. has imported less than a tenth of the required raw material, facing challenges from mine disruptions and China's expanding smelting capacity.
  • In a statement to exchanges, Adani Enterprises said it had “received a Letter of Intent (‘LOI’) from the Resolution Professional (‘RP’) on November 19, 2025 at 3:05 p.m.” The plan now requires approval from the National Company Law Tribunal’s Allahabad Bench and other regulatory authorities. According to the filing, implementation may be carried out by Adani Enterprises, its promoter group or other Adani entities, or through a special purpose vehicle, “in accordance with the terms of the resolution plan.”
  • The agreement was formalised during a ceremony at Adani Corporate Office in Shantigram, Ahmedabad, on 18 November 2025, and was signed by Vineet Jain, Managing Director and CEO of Adani Green Energy Limited (AGEL), and Dr. Bondada Raghavendra Rao, Chairman and Managing Director of Bondada Engineering.
  • Adani Power will invest Rs 48,000 crore for a 3,200 MW ultra super critical power plant in Assam. Adani Green Energy will invest Rs 15,000 crore for two Pumped Storage Plants totaling 2,700 MW. These initiatives align with Gautam Adani's Rs 50,000 crore pledge for the Northeast's development.
  • Adani Group plans a massive Rs 1 lakh crore investment in Andhra Pradesh over the next decade. This significant capital infusion will target key sectors including ports, cement, data centres, energy, and advanced manufacturing. This new investment builds upon the Rs 40,000 crore already committed.
  • Adani Total Gas has issued a clarification. A recent report about Adani's plan for India's largest battery storage project in Gujarat is not related to Adani Total Gas. The Adani Group announced its entry into battery energy storage systems. A 1126 MW project is planned at Khavda in Gujarat. This project is set to be India's largest battery storage deployment.
  • Gautam Adani's group is set to build a massive battery energy storage system in western India. This project aims to support the group's renewable energy goals. The facility, planned for completion by March 2026, will be India's largest and among the world's biggest single-location systems. The Adani Group is also seeking technological partnerships for this ambitious venture.
  • AWL Agri Business Limited is set to sell a 20% stake to its promoter Lence Pte Ltd. This transaction will make Lence Pte Ltd. a majority stakeholder with approximately 64% ownership. The deal will see Lence Pte acquire over 259 million equity shares. Adani Commodities will be completely removed from the shareholder list following this development.
  • Adani Energy Solutions will supply 60 MW of renewable energy to RSWM Ltd. This partnership will significantly boost RSWM's green power usage. RSWM is investing Rs 60 crore for this initiative. The company aims to source 70% of its energy from renewables. This move aligns with sustainable business practices and industrial growth.
  • Adani Enterprises Q2 Results: Adani Enterprises reported an 84% surge in Q2 net profit to Rs 3,199 crore, driven by exceptional gains from stake sales in Adani Wilmar. Despite a 6% dip in revenue to Rs 21,249 crore, the company's PAT jumped significantly sequentially. The board also approved a Rs 25,000 crore rights issue.
  • Adani Power is taking its dispute over Bangladesh's power payments to international arbitration. The company and Bangladesh Power Development Board disagree on cost calculations. Negotiations are ongoing, but arbitration is the next step if needed. Adani Power supplies electricity from its Godda plant. The company remains committed to supplying reliable power.
  • Team India has won its first ICC Women's World Cup title. They defeated South Africa by 52 runs in the final match. This victory marks a historic achievement for Indian women's cricket. Key performances came from Shafali Verma and Deepti Sharma. India's batting set a strong target, and their bowlers secured the win.
  • Adani Airports is set to transform passenger assistance with a new AI solution. Partnering with AIONOS, they will introduce a multi-lingual, omni-channel AI agent. This intelligent concierge will offer personalized support 24/7, providing instant updates on flights, baggage, and directions. The system aims to enhance efficiency and inclusivity across all Adani airports, making travel smoother and more exciting for everyone.
  • The Adani Group will invest Rs 42,500 crore to expand Dighi Port in Maharashtra. This is part of a larger Rs 56,000 crore investment across 15 agreements signed by the state government. These deals aim to boost port development, shipbuilding, and maritime infrastructure. The initiative seeks to make Maharashtra a maritime superpower.
  • Adani Realty and Marathon Nextgen Realty Limited have joined forces for a significant development in Mumbai. The project, named Monte South Commercial, will offer 1.2 million square feet of office and retail space. This new venture is part of the larger Monte South campus. The development aims to create a prime business destination in South Mumbai.
  • Adani Group Chairman Gautam Adani announced the construction of a new ropeway to Kedarnath Dham, aiming to simplify and enhance the safety of the pilgrimage for devotees. The portals of Kedarnath Dham are scheduled to close for winter on October 23, with Badrinath Dham's closure set for November 25.
  • Adani Group Chairman Gautam Adani announced a 16.5% return on assets for FY2024-25, positioning the conglomerate as a top global infrastructure performer. He highlighted disciplined growth and efficient capital use, projecting a significant capture of India's expanding electricity market and introducing a "Two-Track Organisation" model blending AI with human judgment for future transformation.
  • The US SEC's case against Gautam Adani faces a double delay as India's law ministry has yet to serve summons, and a US government shutdown has furloughed SEC staff. The agency requested a 60-day extension, effectively pausing the proceedings until federal funding resumes and personnel are available to work on the matter.
  • American regulators are facing delays in serving legal papers to Adani Group executives. The U.S. Securities and Exchange Commission has informed a New York court that Indian authorities have not yet acted on its requests. These documents relate to allegations of securities fraud and a bribery scheme. The SEC continues to pursue service through international channels.
  • Gautam Adani recounted how Hindenburg Research's report, a "false script," erased $100 billion in market value, emphasizing how narratives can now influence markets and geopolitics. He drew parallels to cinema, stating that projects begin with a story, not just physical materials, as stories endure beyond tangible achievements.
  • India's 100 wealthiest individuals have seen their combined net worth drop by 9% to $1 trillion, a significant decline attributed to a weakening rupee and a fall in the Sensex. Despite a $14.5 billion dip, Mukesh Ambani retains the top spot, while Gautam Adani's fortune remains stable following a SEBI clean chit.
  • Navi Mumbai International Airport has opened, a project completed in under 50 months with a Rs 20,000 crore investment. Gautam Adani described it as a lotus, a symbol of India's heritage and ambition. The airport will ease Mumbai's congestion and stimulate economic growth. It is expected to create over 200,000 jobs and drive tourism and trade.
  • The Congress alleged the government's import policy for yellow peas has benefited the Adani Group while causing significant losses to farmers. The removal of import duty on yellow peas has led to cheap imports flooding the market, making domestic pulses uncompetitive. This exemption, extended until March 2026, has been criticized as favoring 'Modani-nirbhar Bharat' over self-reliance.
  • Adani Green Energy secured a $250 million foreign currency loan from a consortium of four global banks, marking its first such deal since a US Department of Justice indictment. The funds will refinance existing debt, with the loan having a tenor of over five years and an interest rate around 8.20%.
  • Indian billionaire Gautam Adani's flagship firm is slated to raise up to 10 billion rupees ($112.6 million) through the private placement of two-year and six-month bonds, two bankers said on Monday, marking its first such fundraising since 2023.
  • India's markets regulator is considering bringing family offices under its oversight due to their increasing market influence. Proposed rules include mandatory disclosures of assets and investment returns, aiming for greater transparency and risk management. SEBI is also exploring granting them Qualified Institutional Buyer status for preferential IPO access.
  • Gemini tops the table with the largest share of list members, led by Kumar Mangalam Birla & family, LN Mittal & family, and Rahul Bhatia & family, reflecting strong representation from metals, industrials, and aviation.
  • Gemini tops the table with the largest share of list members, led by Kumar Mangalam Birla & family, LN Mittal & family, and Rahul Bhatia & family, reflecting strong representation from metals, industrials, and aviation.
  • India's billionaires made headlines in 2024-25 with lavish purchases, including private jets and historic London homes, alongside significant philanthropic pledges. The period also featured major intra-family wealth transfers and high-profile events. Additionally, some prominent families faced succession drama and resolved long-standing inheritance feuds.
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Career tips from a former recruiter: 8 things employers quietly notice on resumes that job seekers never hear aboutCareer tips from a former recruiter: 8 things employers quietly notice on resumes that job seekers never hear about
Kindness act of the day from USA: He spent decades serving others but was left struggling with pain in old age. Then strangers changed his lifeKindness act of the day from USA: He spent decades serving others but was left struggling with pain in old age. Then strangers changed his life
Thinking of prepaying your home loan? CA says you might be doing it wrongThinking of prepaying your home loan? CA says you might be doing it wrong
From James to The God of the Woods: 6 Barack Obama-recommended books worth adding to your reading listFrom James to The God of the Woods: 6 Barack Obama-recommended books worth adding to your reading list
Quote of the day by Oscar Wilde: 'The one charm of marriage is that it makes a life of deception absolutely necessary for both parties...' A century-old lesson on trust, compromise, and acceptance in relationships by the Irish literary legendQuote of the day by Oscar Wilde: 'The one charm of marriage is that it makes a life of deception absolutely necessary for both parties...' A century-old lesson on trust, compromise, and acceptance in relationships by the Irish literary legend
Quote of the day by Nicholas Sparks: ‘You are so caught up in being alone, you are afraid of what might happen if you actually find someone…’ what The Walk to Remember author's lines teach us about love, grief and emotional vulnerabilityQuote of the day by Nicholas Sparks: ‘You are so caught up in being alone, you are afraid of what might happen if you actually find someone…’ what The Walk to Remember author's lines teach us about love, grief and emotional vulnerability
Norwegian proverb of the day: ‘Bad is called good when worse happens…’ what this teach about facing hardshipsNorwegian proverb of the day: ‘Bad is called good when worse happens…’ what this teach about facing hardships
French proverb of the day: 'At the end of the chess game, both the king and the pawn go back into the exact same box...' A timeless lesson on why power and wealth does not define a personFrench proverb of the day: 'At the end of the chess game, both the king and the pawn go back into the exact same box...' A timeless lesson on why power and wealth does not define a person
Quote of the day by Angelina Jolie: 'You really try to hide from your children how much pain and sadness you carry,' what the Mr. & Mrs. Smith actress’s line reveals about parenting and emotional strengthQuote of the day by Angelina Jolie: 'You really try to hide from your children how much pain and sadness you carry,' what the Mr. & Mrs. Smith actress’s line reveals about parenting and emotional strength
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