Gautam Adani misses out on Mukesh Ambani’s chance to become Asia’s richest man

MUMBAI: Friday was a painful day for Gautam Adani, owner of infrastructure conglomerate Adani Group, not only because of the dramatic fall in the shares of his group companies, but also a golden opportunity to overtake his Gujarat-based brothers as the richest man. Missed. in Asia and India. In a brutal sell-off on Dalal Street … Read more

Adani prepares SBI funding of ₹15,000 cr for Navi Mumbai airport

The construction of a second airport in India’s commercial capital is finally taking shape with Adani Airport Holdings framing up to ₹15,000 crore from State Bank of India for a proposed airport in Navi Mumbai. The group is said to have secured one of the largest project financing loans from India’s largest lender, State Bank … Read more

Adani targets food-intensive business for expansion

(This story originally appeared in . on November 08, 2021) MUMBAI: Billionaire industrialist Gautam Adani will double his bet on the foodservice business and invest more resources in acquisitions. He plans to buy and expand manufacturing facilities in the edible oil business – a playbook he followed in the edible oil business, which today forms … Read more