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DARK SECRETS: 20 | Vintage Vibes

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.

Al Jazeera

Gautam Adani’s empire is ‘deeply overleveraged,’ Fitch report warns

NEW DELHI: Billionaire Gautam Adani’s ports-to-power conglomerate is “deeply overleveraged,” with the group investing aggressively across existing as well as new businesses, predominantly funded with debt, CreditSights, a Fitch Group unit, said in a report.

The Times of India

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

Rakesh Jhunjhunwala passes away aged 62

The Hindu

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Adani Group makes foray into industrial 5G segment

AHMEDABAD: Adani Data Networks Limited (ADNL), the digital connectivity solutions arm of the Adani Group, on Tuesday announced in its regulatory filing that it has acquired the right to use 400 MHz spectrum in the 26 GHz mm wave band.

The Times of India

Asia’s richest men prep for battle as Gautam Adani enters Mukesh Ambani’s turf

MUMBAI: In June, Indian billionaire Mukesh Ambani and his aides ran into an unexpected dilemma when debating where to train the dealmaking lens of his empire next.

The Times of India

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 extends to 3rd day; receives bids worth Rs 1.49 lakh crore on day 2

NEW DELHI: India's auction of the 5G spectrum, capable of offering lag-free connectivity and ultra-high speed internet, has garnered Rs 1.49 lakh crore worth of bids so far as the sale stretched to the third day.

The Times of India

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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

5G spectrum auction: Rs 1.45 lakh crore bids by Jio, Airtel, others on day 1

NEW DELHI: India's largest ever auction of spectrum used to carry mobile signals saw bids of Rs 1.45 lakh crore for 5G airwaves from groups run by tycoons Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani on the first day on Tuesday.

The Times of India

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:

Dynamite News

Gautam Adani overtakes Bill Gates to become world’s fourth-richest person

NEW DELHI: Indian billionaire Gautam Adani displaced Bill Gates to become the world’s fourth-richest person.

The Times of India

Gautam Adani overtakes Bill Gates to become 4th richest in world

NEW DELHI: Adani Group chief Gautam Adani has become the 4th richest person in world by surpassing Microsoft co-founder Bill Gates.

The Times of India

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

Evening Standard

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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.

The Hindu

Morning Digest | Sri Lankan President Gotabaya Rajapaksa to step down on July 13; Ukraine sacks ambassador to India, and more

A select list of stories to read before you start your day

Benzinga

Here's How Much Elon Musk, Jeff Bezos And Top 10 Billionaires Lost In The First Half of 2022

The S&P 500 posted its worst first half to a year since 1970. The sharp declines for many publicly traded companies sent the net worth of the world’s richest billionaires down to start the year. Here’s how much wealth the top 10 richest people lost.

Al Jazeera

As Adani steps up mining, villagers to be displaced third time

Hundreds fear displacement for the third time in India’s Odisha state as coal mining is set to start.

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news in one place.

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The Times of India

Gautam Adani pledges Rs 60,000 crore for social causes

NEW DELHI: Gautam Adani, Asia’s richest person, and his family have pledged to donate Rs 60,000 crore ($7.7 billion) to a slew of social causes, to mark his 60th birthday.

The Hindu

France’s Total to buy stake in Adani hydrogen unit

Adani New Industries-TotalEnergies JV eyes $50 bn green hydrogen investment in 10 years

The Times of India

Total to take 25% in Adani’s $50 billion green hydrogen game

NEW DELHI: French energy major TotalEnergies will acquire a 25% stake in Adani New Industries Ltd. (ANIL), the Ahmedabad-based edible oils-to infrastructure and energy conglomerate’s new energy venture that aims to “valorise” India’s abundant low-cost renewable power potential” by investing $50 billion over 10 years to create the world’s largest…

The Times of India

51.8 acres in Kolkata tech hub for Adani hyperscale data centre

KOLKATA: Adani Enterprise Ltd, the flagship group of Adani Group, will set up a 'hyperscale data centre' at Bengal Silicon Valley in New Town, industries minister Partha Chatterjee announced on Monday. The state cabinet has okayed a proposal to allot 51.8 acres for the project.

The Hindu

U.P. to push India’s growth story: PM Modi

Adani to invest ₹70,000 crore in the State

The Times of India

Mukesh Ambani regains spot as Asia's richest, surpasses Gautam Adani

NEW DELHI: The battle between two of India's wealthiest businessmen for Asia's richest spot keeps getting interesting with one pitting the other continuously.

The Hindu

PM Modi to flag off Uttar Pradesh’s investment projects of ₹80,000 cr on June 3

Gautam Adani, Kumar Mangalam Birla, Sajjan Jindal and Anant Ambani are among the bigwigs from the corporate world who are slated to attend the event.

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