Gautam Adani, one of the world’s wealthiest individuals, is planning to venture into shipbuilding at the Adani Group‘s primary port in Mundra, which is also India’s largest port. This decision comes as leading shipyards in countries such as China, South Korea, and Japan are fully booked until at least 2028, compelling global fleet owners to … Read more
NEW DELHI: Trinamool leader Mahua Moitra was today expelled from Lok Sabha after the House accepted the recommendations of Ethics Committee‘s probe report on cash-for-query charges against her. The Lok Sabha voted to expel her with a voice vote as the opposition members staged a walk-out after a brief debate over the 495-page report. Trinamool’s … Read more
Three companies controlled by billionaire Gautam Adani are considering a fundraising that may draw as much as $5 billion, according to people familiar with the matter, in a pivotal test of investor confidence in the tycoon’s empire less than four months after a scathing short seller report plunged it into crisis.Adani Enterprises Ltd., the flagship, … Read more
The selloff in Gautam Adani’s corporate empire accelerated on Friday, erasing more than $50 billion of market value in less than two sessions as Asia’s richest man struggles to contain the fallout from a scathing report by US short seller Hindenburg Research.The rout is piling pressure on the Indian tycoon as it erodes his net … Read more