Page 2 - Gautam Adani

Vedanta beats Adani with ₹17,000 cr bid to acquire debt-ridden JAL

Mining conglomerate Vedanta on Friday beat Gautam Adani's Group to make a winning bid for the acquisition of debt-ridden Jaiprakash Associates (JAL) for Rs 17,000 crore, according to sources. The bid value translates into Jaiprakash Associates' net present value of Rs 12,505 crore. JAL, which has interests in real estate, cement, power, hotels and roads, has been dragged into insolvency proceedings after it defaulted on payment of loans. Lenders of JAL conducted a challenge process for the sale of the company under the IBC. Multiple bidders participated in the process, but in the end, firm bids were placed by only two entities, Adani and Vedanta Group. Vedanta eventually made a winning bid of Rs 17,000 crore, which translated into a NPV (net present value) of Rs 12,505 crore, beating Adani Group, sources said. The Committee of Creditors (CoC) meeting was held on September 5 to conduct the challenge process. Financial creditors have claimed a staggering Rs 57,185 crore in unpaid

Adani urges India's youth to fight for tech freedom amid AI competition

At IIT Kharagpur, Gautam Adani said AI will redefine power and urged India to pursue technological independence as its "second freedom struggle"

US SEC asks India to help serve notice to Gautam, Sagar Adani in fraud case

In November 2024, US SEC alleged Gautam Adani and nephew Sagar Adani paid or promised bribes to secure Indian state energy contracts for 'Manufacturing Linked Projects'

PM Modi can't stand up to Trump despite tariff threat due to Adani: Rahul

Congress MP Rahul Gandhi said that Prime Minister Narendra Modi cannot stand up to US President Donald Trump's tariff threat because of the ongoing investigation against Gautam Adani in the US

Adani Ports Q1 profit rises 6.5% on logistics, marine business gains

India's largest port operator reports ₹3,315 crore profit in Q1 FY26 on strong logistics and marine revenues; Gautam Adani re-designated as non-executive chairman

Gautam Adani redesignated as non-executive chairman of APSEZ from August 5

Adani Ports and Special Economic Zone Ltd (APSEZ) -- part of the Adani Group -- on Tuesday said billionaire Gautam Adani has been redesignated from executive chairman to non-executive chairman with immediate effect. APSEZ in an regulatory filing said, based on the recommendation of nomination and remuneration committee, the board has approved redesignation of Gautam Adani from executive chairman to non-executive chairman with effect from August 5, and consequently he would cease to be a key managerial personnel of the company. The company appointed Manish Kejriwal as additional director (non-executive, independent) of the company for an initial term of three years from August 5, subject to the approval of shareholders within three months. APSEZ is part of the globally diversified Adani Group, with a national footprint of 15 ports and a presence in four ports outside India.

Gautam Adani ranks 3rd in India's realty rich list despite 7% wealth dip

Adani, who is among the wealthiest Indians with projects like Dharavi and Motilal Nagar redevelopments in the financial capital, is set to be the wealthiest realty sector individual in 5 yrs

Gautam Adani's realty wealth dips 7% to ₹52,320 cr, reports Hurun

Gautam Adani's wealth from the realty business has declined 7 per cent to Rs 52,320 crore in the year to June 2025, making the billionaire the third wealthiest in the sector, a report said on Thursday. Adani, who is among the wealthiest Indians with projects like Dharavi and Motilal Nagar redevelopments in the financial capital, is also set to be the wealthiest realty sector individual in the next five years, officials from Hurun Research and Grohe said, citing informal discussions. At present, DLF's Rajiv Singh is the wealthiest on the Grohe-Hurun India Real Estate 150 list with a fortune of Rs 1.27 lakh crore and is followed by BJP leader and Maharashtra minister Mangal Prabhat Lodha with a Rs 92,340 crore wealth. "Adani is very ambitious. Their ambition is to take over from DLF to be at the top in the next five years," Hurun India's chief researcher and founder Anas Rahman Junaid told reporters. Grohe's leader for India Priya Rustogi also concurred. Adani Realty, which is ...

Adani Enterprises shares drop 4% as Q1 profit growth halves; details here

Adani Enterprises shares fell 4 per cent it reported a 50 per cent drop in its net profit during the current financial year

Delhi, Mumbai flyers may face higher charges as GMR, Adani win tariff case

A tribunal has allowed GMR and Adani Airport to include non-aero revenue in tariff model, boosting earnings at Delhi and Mumbai airports; flyers and airlines may face higher charges as a result

Gautam Adani announces ₹60,000 cr investment for healthcare 'revolution'

Starting with Mumbai and Ahmedabad, group to build 1,000-bed hospitals designed by US-based Mayo Clinic

Adani Group close to acquiring Jaiprakash Associates, makes ₹12,000 cr bid

With a cash payout of ₹3,500 crore, the Adani Group is leading the race to acquire Jaiprakash Associates. The offer also includes retaining ₹890 crore within the company after its acquisition

IndianOil-Adani Gas to raise $161 million via convertible bond sale

The fund raising comes as the government plans to increase the share of natural gas in the energy mix to 15 per cent by 2030, from 6 per cent at present

Adani Enterprises plans to sell 2-5 year debt at public bond sale next week

For investors opting for quarterly payouts, the coupon will be 8.85 per cent on three-year and 9.00 per cent on five-year notes, they added

Iran-Israel conflict, India's evacuation drive, Vodafone Idea AGR dues, Adani AGM & more

India has evacuated 292 more nationals from Iran, taking the total to 2,200. Meanwhile, 268 Indians have also been brought back from Israel amid rising tensions in the middle east.

Adani Group to invest $100 bn, targets 100 GW total power capacity by 2030

Adani Green, the group's renewable company, aims to achieve 50 GW (gigawatt) of capacity and thermal power producer Adani Power 31 GW

'Our most transformative project': Gautam Adani on Dharavi redevelopment

Calling it a social mission, Gautam Adani said the Dharavi project will replace cramped lanes with homes, hospitals, schools, and green spaces for 1 million people

Adani Group logs 7% FY25 growth, sets $20 bn capex target for 5 years

As the Adani Group posts record highs across power, ports, airports, and cement, Gautam Adani announces a $20 billion annual capex push to drive India's infra, energy, and green transition goals

No one from Adani Group charged under US FCPA, says Gautam Adani at AGM

Gautam Adani dismissed allegations of US bribery and obstruction, reaffirming the group's compliance and governance standards while highlighting record-breaking growth

Adani group plans Airport unit IPO by 2027, hastens $100 billion capex

The ports-to-power conglomerate has doubled the pace of its capital spending plan and now intends to plow $100 billion in five to six years instead of spreading it out over a decade