"Indian billionaire Gautam Adani is seeking to boost his media investments in an ambitious expansion plan, according to people familiar with the matter, as he diversifies his conglomerate from its shipping and coal-mining roots."
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"Mukesh Ambani and Gautam Adani tiptoed around each other for years to reachthe top two rungs of Asia's wealth ladder. "
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"Billionaires Mukesh Ambani and Gautam Adani are looking to invest $76 billion and $50 billion, respectively, in the sector."
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"Gautam Adani is Asia's second-richest person with an estimated net worth of about $90.5 billion, according to the Bloomberg Billionaires Index. "
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"Billionaires Mukesh Ambani and Gautam Adani helped drive investment targeting alternative energy to a record $10 billion last year, but that's dwarfed by Ambani's new clean-energy plan worth a total $76 billion."
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"Shares of the company, an equal joint venture between the business group controlled by Asia's richest person Gautam Adani and Singapore's Wilmar International Ltd., gained 7.6% to 247.5 rupees, as of 10:01 a.m. in Mumbai. "
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"India's second richest person Gautam Adani is up the most -- gaining $13 billion to $89.5 billion."
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"Mukesh Ambani and Gautam Adani plan to spend on the entire renewable chain, from making solar panels to batteries and green hydrogen."
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"The first shipment of high-quality coal from the Carmichael mine is being assembled at the North Queensland export terminal in Bowen," the group run by Indian billionaire Gautam Adani said in a statement."
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"Billionaire Gautam Adani is seeking to raise as much as one billion dollars through a bond sale in January to refinance debt of Mumbai's international airport, according to people familiar with the matter."
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"Billionaire Gautam Adani wants his conglomerate to be a world leader in green data storage, with data centers run entirely on clean power playing a key part in his ambition to recast an empire built largely on coal mining and trading into a renewable energy giant."
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"India's Prime Minister Narendra Modi has pledged to make India net-zero by 2070, conglomerates helmed by its two richest men -- Mukesh Ambani and Gautam Adani -- are aiming to get there much sooner and even the local markets regulator in May asked the country's top 1,000 listed firms to report on their sustainability performance."
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"Billionaires Mukesh Ambani and Gautam Adani have set their sights on turning India into a superpower of green hydrogen, much as Ambani's Jamnagar oil refinery, the world's biggest, turned it into a player in crude oil processing in the 2000s. "
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"Mukesh Ambani and Gautam Adani owe their fortunes tocarbon, and yet it's in hydrogen - the simplest known element- where a complexcontest between them could open apathway to decarbonized economic growth. "
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"The Cleartrip platform will become an essential part of the broader SuperApp journey we have embarked upon," Chairman Gautam Adani said in the statement. "
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"Billionaire Gautam Adani's Adani Group is buying a stake in online travel aggregator Cleartrip Pvt Ltd. "
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"The all-cash deal pegs SB Energy India at an enterprise value of $3.5 billion (Rs 26,000 crore), the company majority owned by billionaire Gautam Adani said in an exchange filing, adding it marks the largest acquisition in the renewable energy sector in the country."
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"India's fossil fuel tycoons including Mukesh Ambani, Gautam Adani and Sajjan Jindal have acknowledged the shift, and announced plans for a record expansion in green energy."
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"The race between tycoons Mukesh Ambani and rival Gautam Adani is heating up, with the two billionaires going head-to-head to try claim the title of world leaders in renewable energy."
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"Adani Transmission: Promoters Gautam Adani and Rajesh Adani revoked pledge of 50,000 shares on Sept. 16."
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"Adani Ports & SEZ: Promoters Gautam Adani and Rajesh Adani revoked pledge of 13.47 lakh shares on Sept. 16."
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"Junior finance minister Pankaj Chaudhary told parliament in July that some firms controlled by billionaire Gautam Adani are being probed by SEBI over compliance with local securities rules. "
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"The transaction underscores the rapid expansion spree that the Adani Group has seen in recent years as billionaire-founder Gautam Adani -- Karan Adani's father -- rapidly diversifies what was once an agri-trading business into a conglomerate spanning ports, power generation, airports, data centers and green energy."
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"Inequality has grown more concentrated in India, home to two out of the three richest tycoons in Asia - Mukesh Ambani (whose wealth is now estimated at $78 billion) and Gautam Adani ($53 billion). "
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"Their investments have coincided with a rally in the companies' shares in recent years, at one point giving Gautam Adani the world's fastest-rising wealth and putting him a mere $6 billion behind Mukesh Ambani, Asia's richest person."
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"Four Mauritius-based funds that have attracted attention for parking almost all their money in companies controlled by Indian billionaire Gautam Adani have a history of investing in firms which ended up defaulting or were investigated for wrongdoing."
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"Firms controlled by Indian billionaire Gautam Adani are being probed by the country's markets regulator over compliance with local securities rules, the junior finance minister told parliament on Monday."
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"Despite the conglomerate's swift denial of such reports, a stock rout shaved nearly $13 billion off Gautam Adani's net worth in about four days in June."
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"Earlier this month, Gautam Adani had hit out at "reckless and irresponsible reporting" by a few media houses related to the freezing of the accounts of three foreign portfolio investors-Albula Investment Fund, Cresta Fund and APMS Investment Fund-that together own Rs 42,000 crore worth of shares in his group companies."
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"has taken control of Mumbai's international airport from GVK Group, in a bold bet by billionaire Gautam Adani that travel will stage a rapid recovery after being crushed by the pandemic."
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"Our larger objective is to reinvent airports as ecosystems that drive local economic development and act as the nuclei around which we can catalyze aviation-linked businesses," Gautam Adani said in the statement. "
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"Indian billionaire Gautam Adani said that while "reckless" media reports on his group's companies triggered a stock rout and hurt investors, such controversies won't hamper the long-term growth potential of his ports-to-power conglomerate."
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"Billionaire Gautam Adani said his group's bets to diversify across sectors and expand in related segments in each of those businesses will drive growth."
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"The conglomerate will transition to carbon negative "by carefully balancing our energy migration," Gautam Adani said June 30 at the India Global Forum, without providing a timeline. "
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"Gautam Adani is increasing his footprint in fossil fuels, new research shows, even as the Indian billionaire vows to make his ports-to-power conglomerate carbon negative."
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"The of the two richest men in Asia - Ambani and ports magnate Gautam Adani -- are Indians, and their net worth has surgedas stocks rallied on the back of cheap liquidity worldwide and tax cuts for companies even as economic growth slumped. "
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"Indian tycoon Gautam Adani is seeking a loan of about 75 billion rupees ($1 billion) to refinance existing debt of Mumbai's international airport, according to people familiar with the matter."
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"Indian billionaire Gautam Adani wants to make his ports-to-power business conglomerate carbon negative, aiding India's goal to expand its renewable power capacity almost fivefold by 2030 to meet its climate commitments."
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"Having control over a third of India's port volumes, billionaire Gautam Adani has a new target. "
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"Gautam Adani had apparently lost some $13 billion - more than anyone in the world - over the course of the week, Bloomberg reported. "
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"The slump in shares of companies controlled by Indian billionaire Gautam Adani deepened on Wednesday with three of them tumbling by the daily limit for a third straight day."
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"Shares of companies controlled by Indian billionaire Gautam Adani slipped for a second day, as investors sought clarity over a local media report Monday that accounts of three Mauritius-based funds that own the group's stocks were frozen."
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"A sharp rally in the shares of Adani Group companies had added over $40 billion to the wealth of billionaire Gautam Adani this year, making him the second-richest person in Asia. "
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"A rally in the stocks of companies controlled by Indian billionaire Gautam Adani has added almost $43 billion to his wealth this year, catapulting him to the spot of the second-richest person in Asia. "
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"He left the group but continues to advise chairman Gautam Adani says his bio as a director at an asset reconstruction Adcompany."
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"and the Adani Group -- controlled by India's second-richest man Gautam Adani -- are shipping in cryogenic tanks, and offering portable concentrators and generators."
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"Billionaire Gautam Adani is likely to see three more companies from his coal mining-to-data centers conglomerate join the MSCI India Index after shares in each one of them more than doubled this year, according to analysts."
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"Two of India's richest men -- Mukesh Ambani and Gautam Adani -- were targeted in farmers' protests earlier this year against new farm laws. "
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"India's Gautam Adani has gained $23.3 billion this year -- the most of anyone in the world."
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"After spending two decades building a business empire centered around coal, Indian billionaire Gautam Adani is now looking beyond the fossil fuel to cement his group's future. "
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"Billionaire Gautam Adani has added more wealth than anyone else during the pandemic. "
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"Indian tycoon Gautam Adani has added more billions to his wealth than any one else in the world this year on the back of investor excitement around his ports-to-power plants conglomerate."
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"Indian billionaire Gautam Adani is raising $2.5 billion from a deal that includes the sale of a minority stake in his renewables business to French energy giant Total SE, a transaction that may help the tycoon cut group debt."
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"For weeks, tens of thousands of farmers have camped outside the nation's capital, demanding the withdrawal of recently passed legislation they say, without evidence, was designed to allow billionaires such as Mukesh Ambani and Gautam Adani to enter farming. "
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"Power supply to towers that relay telecom signals was snapped and cables cut in several parts of the state as farmers vented their anger on the infrastructure owned by billionaire Mukesh Ambani's firm Jio as they saw him along with infrastructure tycoon Gautam Adani as major beneficiaries of the new laws."
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"as they saw him along with industrialist Gautam Adani as major beneficiaries of the new laws."
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"Billionaire Gautam Adani on Wednesday said India is at a dramatic inflexion point from where its economy will grow to ten times by 2050 with the nation having several trillion-dollar companies and cheapest power from renewable energy."
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"Meanwhile, Rahul Gandhi in a tweet took a veiled dig at Narendra Modi over reports that there has been a 230% increase in the wealth of industrialist Gautam Adani after he became prime minister."
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"India's Adani Group is the front-runner to develop Sri Lanka's stalled East Container Terminal in Colombo port, people with knowledge of the matter said, helping billionaire Gautam Adani expand his port business overseas."
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"The acquisition of Mumbai airport will help Adani Group expand its existing portfolio of six airports and create "strategic adjacencies" for its other businesses, Gautam Adani said in a statement on Wednesday."
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"is seeking a controlling stake in Mumbai's international airport as billionaire Gautam Adani continues his aggressive push into what was until recently the world's fastest-growing aviation market."
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"Gautam Adani is India's fourth-richest man with a net worth of about $16.3 billion, according to the Bloomberg Billionaires Index. "
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