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.
Gautam Adani's business acumen & ability to overcome obstacles have propelled him to ranks of India’s richest. This year his net worth grew more than Ambani's.
On 26 May 1949, Constituent Assembly member Tajamul Hussain argued against the idea of reservation for Muslims, adding that such measures would do ‘more harm than good’.
About 300 employees had called in sick Wednesday, allegedly in protest against mismanagement of airlines. Remaining staff given ultimatum to rejoin work by end of Thursday.
Chiman Singh, injured in 1971 India-Pakistan war, was discharged as non-pensioner in 1972. In his petition, he states denial of pension is contrary to settled law.
Even in the weeks leading up to Chamkila’s assassination there were massacres every other day. To airbrush all of this is sheer intellectual cowardice if not a crime.
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