Tag Archives: Adani Group

Navi Mumbai Airport Achieves Successful Trial Landing, Poised to Begin Operations Next Year

Navi Mumbai Airport Achieves Successful Trial Landing, Poised to Begin Operations Next Year

The Navi Mumbai International Airport (NMIAL) marked a significant milestone on Friday with its first successful trial landing, paving the way for its expected operational launch early next year. An Indian Air Force C295 multi-role tactical airlifter made the inaugural landing on the airport's south runway, a moment celebrated with a water salute from the fire brigade and a spectacular flypast by Sukhoi 30 jets.

Read More »

Maharashtra Government Approves Use of Salt Pan Land for Dharavi Residents’ Housing Amid Environmental Concerns

The Maharashtra government has officially approved the acquisition of approximately 256 acres of ecologically sensitive salt-pan land from the Centre to provide housing for residents in Dharavi who do not qualify for homes under the Adani Group-led Dharavi Redevelopment Project. This decision was made on Monday, following the Centre's consent for the transfer of three salt-pan parcels located in Kanjurmarg, Bhandup, and Mulund. The transfer was sanctioned on September 2 after a request from the state government.

Read More »

Gautam Adani Overtakes Mukesh Ambani as Richest Asian Billionaire

Gautam Adani Overtakes Mukesh Ambani as Richest Asian Billionaire

In a significant shift in the wealth landscape of Asia, billionaire Gautam Adani has once again emerged as the richest person in the continent, surpassing Mukesh Ambani, the head of Reliance Industries. Adani's rise to the top spot in Asia's wealth hierarchy comes on the heels of a surge in stock prices across companies in his conglomerate, as reported by the Bloomberg Billionaires Index.

Read More »

Gautam Adani in Talks for Stake Acquisition in Paytm, Eyeing Fintech Sector Entry

Gautam Adani in Talks for Stake Acquisition in Paytm, Eyeing Fintech Sector Entry

In a significant development in the fintech industry, Gautam Adani, the chairman of the Adani Group, is reportedly in discussions to acquire a stake in One 97 Communications, the parent company of Paytm. According to a report in the Times of India, talks between Adani and Vijay Shekhar Sharma, the founder and CEO of Paytm, have been ongoing for a while, with a recent meeting held on May 28 in Ahmedabad to finalize the deal's contours.

Read More »

“Adani Group Seeks Funding of ₹21,577 Crore for Airport Expansion and Green Energy Projects”

Adani Group Explores ₹21,577 Crore Fundraising for Airport Expansion, Green Hydrogen Projects

Following a period of turbulence marked by the Hindenburg Research controversy, the Adani Group, led by billionaire Gautam Adani, is poised to embark on ambitious ventures in the realm of airport expansion and green energy initiatives across India. Recovering from the setbacks of the Hindenburg saga, the conglomerate is now eyeing a substantial capital infusion of $2.6 billion from prominent sovereign funds in the Middle East, as reported by Business Standard.

Read More »

“Gautam Adani Rejoins the $100 Billion Elite, Defying Short-Seller Assault from a Year Ago”

Gautam Adani Rejoins $100 Billion Club After Weathering Short-Seller Attack

Industrialist Gautam Adani has once again achieved the remarkable feat of surpassing the $100 billion mark in personal wealth, a significant milestone coming just a year after his conglomerate, the Adani Group, faced a severe downturn in share prices following allegations of market manipulation by Hindenburg Research. Today, Gautam Adani stands as the 12th richest person globally, boasting a net worth of $101 billion, according to the Bloomberg Billionaires Index.

Read More »

“Adani Group Accuses Deliberate Efforts to Undermine Its Reputation in Mahua Moitra Cash-For-Query Controversy”

Adani Group Accuses Foreign Entities and Media of Coordinated Attacks

The Adani Group has alleged that foreign entities, short-sellers, and certain sections of the media, both domestic and international, are launching attacks to undermine the group's market value. They claim these entities are executing a well-coordinated campaign, including strategically timed media reports, and recently cited a Financial Times story as an example.

Read More »