Adani Total Gas, Adani Power & Adani Transmission all fell by their 5% daily limit Tuesday after Adani group said the 3 funds were facing suspension due to a years-old regulatory order.
The funds own more than 435 billion rupees ($6 billion) in four Adani group firms, the report said, adding that the frozen accounts won’t be able to sell or buy new securities.
Adani's net worth saw a rapid surge in 2021, beating the gains for Warren Buffett and Mukesh Ambani. This included a 330% jump in Adani Total Gas and a 235% rise Adani Enterprises.
The partnership marks the entry of Adani into the three-way fight for domination of India’s online shopping space. Up against the Walmart-Adani alliance is Amazon & Reliance Industries.
According to Forbes World’s Billionaires list 2021, number of Indian billionaires, at 140, is the third highest in the world behind US and China. Bezos and Musk are the richest.
After starting out as a commodities trader in the late 1980s, Adani is now richer than Jack Ma & is India’s second-wealthiest person with a net worth of $56 billion.
The net worth of Adani has jumped $16.2 billion in 2021 to $50 billion. Shares of all Adani group stocks, except one, have rallied at least 50% this year.
Total will acquire 20% of Adani Green Energy & a board seat. Adani is the latest Indian tycoon to raise money by selling a piece of his empire to an overseas partner.
Protesters have targeted the two tycoons amid the Centre-farmers dispute that has revived debate on what Modi’s critics call a cozy nexus between corporates and the govt.
The guidelines ask whether a student can climb stairs, but not whether the college has a ramp. They ask whether a student can bear weight, but not whether the system can bear the weight of its own prejudice.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
ACM Katre was 2nd IAF chief to die in harness. It was at a memorial lecture in his honour where IAF chief AP Singh revealed that India shot down 6 Pakistani aircraft in Op Sindoor.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
COMMENTS