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The Latest Breaking News from Gautam Adani

Tuesday's Market Bloodbath Hit The Top 10 Richest People Where It Hurts: Here's Who And How Much

A market sell-off on the heels of Consumer Price Index (CPI) inflation data Tuesday saw the broader U.S. markets post their worst day year-to-date in 2022. Here’s a look at how the market collapse impacted the wealth of the richest people in the world.

Benzinga

The challenges of independent news reporting in India

Concern is growing in India for one of the country's few independent TV news channels after a hostile takeover bid by billionaire businessman Gautam Adani. NDTV is currently one of India's most trusted sources of information, in a country where most news channels function as government mouthpieces. FRANCE 24's reporter…

France 24

India is quietly laying claim to economic superpower status

India recently overtook UK as the world’s fifth biggest economy – and it could be third by 2030

The Guardian - UK

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Indian-American doctor files lawsuit against PM Modi, Andhra CM Jagan Mohan Reddy, Adani

The U.S. District Court for the District of Columbia has issued summons to all these leaders, along with several others, which were served on them in India earlier this year

The Hindu

Adani’s NDTV takeover is a worrying portent for Indian media: Economist

Billionaire Gautam Adani’s takeover of NDTV has invited media attention not just in India but also abroad. In a recent piece the Economist describes the “tycoon’s takeover bid for an independent broadcaster is a worrying portent”, not least for media freedom.

Newslaundry

Indian tycoon Gautam Adani named world’s third richest person

Billionaire becomes first Asian person to break into the top three of world’s wealthy

The Guardian - UK

Adani becomes world’s third-richest person; first for an Asian

India’s Gautam Adani entered the top three in Bloomberg Billionaires Index’s ‘Top richest person in the world’ list, making it a first for an Asian

The Hindu

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Gautam Adani overtakes Bernard Arnault to become world's 3rd richest person

Business conglomerate Adani Group's chairman Gautam Adani is now the world's third-richest person after overtaking France's Bernard Arnault according to Bloomberg Billionaires Index. Full story on Dynamite News:

Dynamite News

What exactly does NDTV's loan agreement with Reliance-linked firm say?

Billionaire Gautam Adani is set to control at least 29 percent of NDTV for Rs 113 crore. The acquisition, announced last week, triggered an open offer for the Adani group to buy another 26 percent of the TV network for nearly Rs 490 crore – 16,762,530 shares at Rs 294…

Newslaundry

Adani-NDTV tussle intensifies over stake acquisition

Billionaire Gautam Adani-led Adani Group on Friday asserted that no prior approval was needed from market regulator SEBI to acquire 29 per cent stake in NDTV as stated by the media company founded and promoted by Prannoy Roy and Radhika Roy. Read more on Dynamite News:

Dynamite News

Adani Group needs SEBI approval to acquire majority stake in the news channel: NDTV

The media company said, Adani Group would need to take approval from market regulator Securities and Exchange Board of India (SEBI) to complete the transaction. Read more on Dynamite News:

Dynamite News

Congress says acquisition of NDTV is aimed at stifling independent media

Jairam Ramesh refers to PM’s “special friend” and his “over-leveraged company”

The Hindu

‘NDTV will change fundamentally’: What the news industry makes of the Adani takeover

All calls to NDTV staff on Wednesday were rather short. Asked to comment on the Adani group’s acquisition of their TV network, they declined to speak, even off the record. Coaxing did not help. Several anchors at NDTV 24x7, the network’s flagship English news channel, said they had nothing to…

Newslaundry

Adani Group ‘deeply overleveraged’, says CreditSights; could spiral into a massive debt trap

India's Adani Group, controlled by billionaire Gautam Adani, is "deeply overleveraged" and its many investments in capital-intensive businesses could pose long-term risks to investors, Fitch Group's debt research unit CreditSights said on Tuesday. Read more on Dynamite News:

Dynamite News

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news in one place.

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The Guardian - AU

Media freedom fears in India after Modi ally Adani buys 29% stake in NDTV

NDTV, one of the media groups willing to criticise Narendra Modi’s government, faces hostile takeover by country’s richest man

The Hindu

Move to stifle any semblance of independent media: Congress on Adani's NDTV stake

Adani launched a hostile takeover of NDTV, first with an indirect acquisition of a 29.18% stake in the broadcaster followed by an offer to buy out a further 26% controlling stake

Newslaundry

How Adani is taking over NDTV without consulting the Roys

Through an indirect deal, the media arm of Adani Enterprises, led by Gautam Adani, the fourth richest person in the world, will acquire nearly 30 percent of NDTV’s shares over the next two days. The deal has kicked in an open offer, under which the Adani group is open to…

Al Jazeera

Indian tycoon Adani’s empire ‘deeply leveraged’: CreditSights

The Fitch Group research unit ‘s report warned of the worst-case scenario of a potential default.

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news in one place.

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The Hindu

Rakesh Jhunjhunwala death | PM Modi leads the way in paying homage to ‘India’s Warren Buffet’

Rakesh Jhunjhunwala passes away aged 62

Dynamite News

Business: 5G spectrum auction enters Day 3, received bids worth Rs 1.5 trillion so far

Earlier it was expected the auction would be completed on the second day - Wednesday. Full story on Dynamite News:

Dynamite News

5G spectrum auction enters Day 2: Jio may be lead bidder

The auction of 5G spectrum entered the second day on Wednesday with the opening of the fifth round. Read more on Dynamite News:

Dynamite News

Business: 5G spectrum auction: Rs 1.45 lakh worth bids received after -rounds bidding on Day 1

Industry estimates put auction sales to surpass Rs 80,000 crore to Rs 90,000 crore. Read details on Dynamite News:

Dynamite News

Business: Much-awaited auction for 5G spectrum commences

Reliance Jio, Adani group, Bharti Airtel and Vodafone Idea are the four major participants in the auction. Read more on Dynamite News:

Evening Standard

Who are the top five richest people in the world? Trump win boosts Elon Musk's fortune

The X owner has seen his shares and bank balance rocket after Donald Trump’s victory in the election

The Hindu

Adani Data Networks, Reliance Jio, Bharti Airtel, Vodafone Idea submit applications to participate in the upcoming spectrum auctions

A total of 72,097.85 MHz of spectrum worth at least ₹4.3 lakh crore will be put on the block during the auctions, which are set to commence on July 26.

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