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Business News›Magazines›Panache›Panache People 101›Gautam Adani
    Gautam Adani

    Gautam Adani

    Chairman, Adani Group
    Birth DetailsJune 24, 1962 | Ahmedabad, India
    NationalityIndian
    LeagueEntrepreneur
    EducationB.Com, Gujarat University (Dropout)
    Net Worth$15.7 billion (as of September 10, 2019)
    Gautam Adani's Assets:

    Gautam Adani's Journey so far ...
    • Gautam Shantilal Adani’s business journey began when he dropped out of college and moved to Mumbai to gain some real-life work experience
    • He started off as a diamond sorter at Mahendra Brothers, and within a few years set up his own diamond brokerage firm in Mumbai’s Zaveri Bazaar
    • After a short stint in Mumbai, he returned to Ahmedabad to work with his brother in the latter’s plastic factory. It was here that he ventured into global trading by making the decision to import PVC (polyvinyl chloride) which was widely used to manufacture plastic
    • Growth in the PVC import business continued and in 1988, Adani Group was officially established with interests in power and agricultural commodities
    • Thanks to the 1991 economic reforms, Adani’s business soon diversified and became a multinational conglomerate
    • The year 1995 marked a big success for Adani when his company bagged the contract for operating the Mundra port which went on to become India’s largest private-sector port
    • Adani furthered his diversification endeavours with the incorporation of Adani Power Ltd. in 1996. A decade later, the company entered the power generation business and currently is the largest private thermal power producer in India
    • Today, the Adani Group is a global conglomerate with interests in power, renewables, gas distribution, logistics and real estate among others. While Gautam Adani’s businesses have combined revenues of around $11 billion, he himself is one of the wealthiest individuals of India

    Before you go ...
    • According to reports, Adani was allegedly kidnapped in 1998
    • He was also one of the survivors of the 2008 Mumbai terrorist attack on the Taj Mahal Palace hotel
    Last Updated: 15/02/2021

    Gautam Adani News

    • Vishakha Renewables, a company founded by Gautam Adani that specializes in solar components, has submitted its Draft Red Herring Prospectus. The firm aims to secure ₹1,250 crore through an initial public offering, designated for debt repayment and other corporate needs. A portion, ₹900 crore, will specifically address current borrowings. The IPO also includes an offer-for-sale of 1.81 crore shares, with proceeds benefiting the selling shareholders.
    • In 2026, Gautam Adani reclaimed his position as India's richest person with a net worth of $112.7 billion. Mukesh Ambani fell to second place with a net worth of $86.3 billion after significant losses. Savitri Jindal retained her position as the richest woman in India, with a fortune of $39.8 billion. Lakshmi Mittal experienced the most significant increase in wealth, jumping to fourth place.
    • Sebi's investigation into Vinod Adani's control over offshore investments in Adani group companies has concluded. The regulator found insufficient evidence to support allegations of minimum public shareholding violations. Vinod Adani was not proven to have effective control over certain foreign portfolio investors. Relationships among parties involved did not demonstrate direct control or influence over investment decisions. Consequently, the case against Vinod Adani was closed due to lack of definitive evidence.
    • Gautam Adani's ambitious acquisition strategy involves securing over 20 infrastructure deals valued at ₹1 lakh crore, encompassing diverse sectors such as power, ports, airports, and renewable energy. This approach comes in response to prior financial challenges in India. The Adani Group aims to boost operational efficiencies and expand its capacity, resulting in improved EBITDA across its thermal power plants.
    • Gautam Adani spotlighted West Bengal's pivotal role in enhancing India's economic power, citing its strategic location and other key strengths. He unveiled ambitious plans for investments surpassing Rs 1 lakh crore across diverse sectors in the state over the next ten years.
    • Gautam Adani has overtaken Mukesh Ambani to reclaim the top spot on the M3M Hurun India Rich List 2026, with wealth of Rs 9.23 lakh crore. The list now includes a record 391 dollar billionaires, while AI and quantum computing have emerged as new wealth-creation sectors and 70% of entrants are self-made entrepreneurs.
    • Gautam Adani has overtaken Mukesh Ambani to reclaim the top spot on the M3M Hurun India Rich List 2026, with wealth of Rs 9.23 lakh crore. The list now includes a record 391 dollar billionaires, while AI and quantum computing have emerged as new wealth-creation sectors and 70% of entrants are self-made entrepreneurs.
    • India’s wealthy business families are increasingly shifting from traditional family businesses to family offices, private equity and startup investments. The trend reflects changing succession strategies as younger heirs cash out or diversify inherited wealth. From Sanghi Industries to Dabur and Homemade Baker’s, India’s next-generation business heirs are reshaping how family fortunes are managed and invested.
    • ByteDance founder Zhang Yiming now leads Asia's wealthiest individuals. His fortune has surpassed Gautam Adani's due to the booming artificial intelligence sector. Zhang's wealth has significantly increased, driven by ByteDance's AI ventures and TikTok's global reach. This rise highlights the growing influence of AI-driven companies over traditional industries. China's continued investment in artificial intelligence fuels this ongoing technological competition.
    • Corporate spending on infrastructure projects is increasing across India. New sectors like data centers and green hydrogen are driving credit demand. Companies are increasing capital expenditure due to better demand and growth prospects. Bank lending has grown significantly as companies prefer loans over bonds. State Bank of India is deploying liquidity from diaspora deposits to support lending.
    • India's Securities and Exchange Board of India has resolved disclosure breach allegations against two Adani Ports executives, who each settled by paying 1.37 million rupees without acknowledging any fault. This action comes after a thorough probe into banking operations and inter-corporate security deposits, triggered by concerns over financial reporting violations. The inquiry was part of a broader review sparked by the Hindenburg report on potential share price manipulation.
    • The settlement relates to an investigation into banking transactions and inter-corporate security deposits involving PMC Projects (India) Private Limited, Adani Ports and Special Economic Zone Ltd (APSEZ), and the port operator's subsidiaries.
    • Adani Group plans a $2.5 billion offshore loan to refinance debt. This significant borrowing aims to cover the acquisition of two Indian cement firms. The group is seeking $1.5 billion through a bridge loan and $1 billion via a five-year facility. Discussions are ongoing with several international banks for the financing. The deal is expected to close before the end of October.
    • Adani Ports has secured two dry bulk berths at Paradip Port. This development adds significant mechanised handling capacity to its network. The company's domestic port capacity will increase after this expansion. This project strengthens Adani Ports' presence along India's eastern seaboard. The new terminal will enhance access to industrial and mineral-rich regions.
    • Adani Group is investing significantly in infrastructure projects across various Indian states. The conglomerate is pursuing projects in roads, ports, and energy sectors. These initiatives aim to drive economic growth and create new employment opportunities. Governments are seeking private capital for development and job creation. Adani's expanding footprint highlights its role in national infrastructure development.
    • In a bold move, Gautam Adani has demanded a significant reform of the infrastructure rating models. He criticized current assessments for their inability to reflect the value generated by interconnected platforms. Adani used Mundra and Vizhinjam ports as key illustrations of vital assets, while also showcasing the substantial promise of the Khavda renewable energy initiative. He warned that success in the future hinges on merging AI with robust infrastructure.
    • Gautam Adani met Karnataka Chief Minister DK Shivakumar regarding a stalled tunnel project. Adani Enterprises was the lowest bidder for the Hebbal-Silk Board tunnel road. The project faces opposition and questions about its financial viability. Adani Group also has investments planned in other Indian states. The meeting occurred after the project bid exceeded government estimates significantly.
    • Industrialist Gautam Adani met Karnataka Chief Minister D K Shivakumar for an hour. Sources described the meeting as a courtesy visit while returning to the airport. The meeting occurred amid a proposed tunnel road project for which Adani Enterprises is the lowest bidder. The BJP criticised the Congress for perceived double standards regarding the industrialist.
    • Adani Enterprises stock has rebounded strongly, becoming the top performer on India's equity benchmark. Investor confidence is growing after the conglomerate faced significant challenges and allegations. Recent legal dismissals and index adjustments have further boosted the company's standing. The group's infrastructure businesses are seen as a proxy for India's economic growth. This resurgence has propelled Gautam Adani back to Asia's richest man list.
    • The Vande Bharatam initiative concluded with over 26,000 applications from across India. This program identified and supported innovators from smaller cities and grassroots communities. Selected innovators received mentorship and industry access to scale their ventures. The initiative showcased the extraordinary depth of talent present nationwide. Its Grand Finale was held in Ahmedabad on August 14.
    • In light of the dismissal of a US criminal case against him, Gautam Adani shared his views replete with humility, reinforcing his trust in the justice system. The Adani Group's withdrawal of its FPO came after serious allegations, yet business proceeded as usual thanks to loyal employees and partners. Adani called upon his team to prioritize nation-building and the development of sustainable institutions.
    • Congress leader Rahul Gandhi criticised Prime Minister Narendra Modi after a US court permanently dismissed criminal charges against Adani Group Chairman Gautam Adani and his nephew Sagar Adani. Gandhi alleged that the government had compromised India’s interests and said the country was paying a heavy price.
    • A US judge has dismissed securities and wire fraud charges against Gautam Adani and his nephew Sagar, ending the criminal case over alleged bribes tied to Indian solar contracts. The dismissal with prejudice bars the government from reviving the charges, potentially clearing the way for Adani Group to expand in America.
    • A US federal court has officially dismissed the criminal charges against Gautam Adani and his nephew, thanks to the Justice Department's request after analyzing jurisdictional and evidentiary issues. This ruling marks a significant victory for the Adani Group, although it does not imply any ruling on the allegations themselves. Gautam Adani hailed the ruling, proclaiming that justice has emerged victorious.
    • Adani Group shares rose up to 3% after a US judge dismissed criminal charges against Gautam Adani. Adani Enterprises, Adani Power, Adani Ports and Adani Green gained, boosting investor sentiment. The judge said the decision was not an endorsement of the Justice Department’s move, while Adani Group has consistently denied wrongdoing.
    • A US federal court dismissed criminal charges against Gautam Adani and two executives. The Justice Department requested this dismissal with prejudice, closing the case. This prosecution had linked the Adani Group to solar-power contracts in India. Prosecutors had alleged bribery and misleading investors about misconduct. The court's decision ends a significant legal challenge for the conglomerate.
    • Billionaire Gautam Adani welcomed a US judge’s dismissal of criminal charges against him, saying his faith in “truth, fairness and the rule of law” remained unwavering. The Justice Department had sought to abandon the fraud and bribery case, prompting Judge Nicholas Garaufis to scrutinise the reasons behind the decision before dismissing it.
    • A US judge dismissed criminal charges against Indian billionaire Gautam Adani. The Justice Department decided to abandon the fraud and bribery case against him. Adani denied any agreement was made for the dismissal of the indictment. He had previously pledged a ten billion dollar investment in the United States. The Adani Group has consistently denied any wrongdoing in this matter.
    • Adani Ports is weighing a bid for Associated British Ports in the UK. This acquisition would expand Gautam Adani's port empire significantly. Two Canadian pension funds are selling their controlling stake in Associated British Ports. Associated British Ports owns and operates twenty-one key ports across the United Kingdom. The company is also a partner for the offshore wind industry.
    • Adani Airports seeks a waiver to operate an airline alongside its airport holdings. The conglomerate is evaluating airline participation to bridge connectivity gaps in smaller cities. This move aims to address systemic risks from a concentrated airline market. Existing airlines express concerns about potential conflicts of interest and consumer impact. The group's strategy aligns with plans for an aircraft manufacturing facility.
    • Adani Power awaits government rules for private nuclear sector entry. The company plans ten gigawatts of nuclear capacity by twenty thirty-five. Investment decisions depend on regulatory clarity and cost-effectiveness for consumers. Feasibility studies for potential sites in Madhya Pradesh are underway. India aims to significantly expand nuclear power capacity by two thousand forty-seven.
    • Adani Group's potential airline entry could reshape India's aviation industry, but challenging the IndiGo-Air India duopoly will demand years of investment. Strong airport infrastructure, deep financial resources and aviation synergies offer advantages, while aircraft shortages, regulatory hurdles and tough airline economics remain the biggest obstacles.
    • Gautam Adani's conglomerate is exploring a new airline venture. The group already operates eight airports across India. Adani Ports manages fifteen domestic and four international port facilities. Their energy division focuses on coal mining and renewable power generation. The company also invests heavily in data centers and media.
    • Brooklyn's top federal prosecutor stated he had no basis to dispute the Justice Department's decision. He was not the decisionmaker behind dropping the fraud and bribery case against Gautam Adani. The case involved alleged bribes for a solar power plant development in India. Adani's lawyers and the conglomerate have consistently denied any wrongdoing. The Justice Department cited the case's foreign nature as a reason for dismissal.
    • Indian customs authorities support the health ministry's stance against Adani Group's airport nicotine pouch sales. The customs department stated that tax advantages do not exempt shops from regulatory controls. Adani Group is challenging the ban in Mumbai's High Court, arguing domestic regulations do not apply. Authorities deem Adani's interpretation of duty-free goods consumption as untenable and incorrect. The legal dispute over these popular nicotine products will be heard again soon.
    • Gautam Adani has categorically denied any involvement with a deal related to the dismissal of criminal charges against him. He affirmed under oath that he was ignorant of any agreements surrounding this matter. The Justice Department explained that legal hurdles necessitated the charge dismissal. Furthermore, discussions between Adani's legal team and US officials focused on potential investments, which were later clarified as having no impact on the department's resolution.
    • Adani Properties led real estate wealth creation, adding Rs 38,000 crore to its valuation. DLF remained India's most valuable developer despite a valuation decline. Lodha Developers and Indian Hotels Company also saw valuation drops this year. The broader real estate sector experienced subdued growth, with a 2% cumulative value increase. Mumbai dominated the market, hosting fifty companies on the GROHE-Hurun India Real Estate 150 list.
    • Last year marked a significant financial upturn for Gautam Adani's family, as their real estate holdings witnessed a remarkable increase, valuing Adani Properties at Rs 90,400 crore, up by Rs 38,000 crore. This contrast sharply with the broader real estate market, where the BSE Realty Index plummeted by 20 percent, impacting many companies negatively. DLF remains at the forefront, while Adani now ranks fourth among the richest realty tycoons.
    • Adani Enterprises shares have rallied significantly this year, becoming Nifty's top performer. Investors are betting on its airports-to-copper portfolio to create new listed companies. The company recently raised substantial capital through a qualified institutional placement. This funding will support business expansion, debt repayment, and strategic investments. Analysts expect strong earnings growth from its diverse and long-duration investment themes.
    • India's government argues Adani Group's airport sale of nicotine pouches violates drug laws. The government asserts these sales pose a serious public health risk to citizens. Adani Group is challenging the official finding that they broke the law. The case could set a precedent for regulating nicotine pouch sales at airports. The High Court in Mumbai is scheduled to hear the legal arguments soon.
    • Gautam Adani is set to file a sworn affidavit with a US court this week to confirm his awareness of any investment agreements connected to the dismissal of indictments. The justice department has petitioned to dismiss the case due to its lack of legal merit. However, the presiding judge seeks guarantees that no undisclosed arrangements affected this ruling. Adani's response is due by July 15, detailing any negotiations.
    • US legal experts say it would be highly unusual for a federal court to reject the Department of Justice's request to dismiss the criminal case against Gautam Adani. The DOJ has argued the prosecution was legally flawed, difficult to prove and inconsistent with Trump administration priorities, while experts say judges rarely compel prosecutors to pursue abandoned cases.
    • Gautam Adani's $11.5 billion aluminium joint venture with IHC marks his biggest bet yet on India's industrial future. Rather than challenging Hindalco and Vedanta directly, Adani is targeting soaring aluminium demand driven by manufacturing, renewable energy and infrastructure, aiming to build a fully integrated metals business and reshape India's aluminium industry.
    • The US Department of Justice has strongly defended dropping bribery charges against Gautam Adani, citing weak evidence and jurisdictional issues. Senior Advocate Harish Salve suggested the case was a "name and shame" tactic with a political agenda to pressure India. The DoJ's firm stance, emphasizing prosecutorial discretion and the case's Indian locus, leaves little room for the presiding judge to continue proceedings, with experts anticipating the case's closure.
    • The US Department of Justice has strongly defended its decision to drop criminal charges against Indian billionaire Gautam Adani and others, citing legal flaws and diplomatic concerns. The department argued the case, which alleged bribery and investor fraud, was primarily a foreign matter and lacked a sound US legal basis.
    • A senior lawyer clarified that a US judge's request for more details on dropping charges against the Adani Group is a standard legal procedure. He emphasized that the Department of Justice requires court permission to withdraw a prosecution, a process the judge is overseeing. This step, he explained, is routine and doesn't signify an adverse ruling, with proceedings expected to continue normally.
    • A US judge's request for more details on dismissing charges against Gautam Adani is a standard procedural step, not a sign the case will resume. Legal experts emphasize that federal courts rarely force prosecutors to pursue cases they've decided to drop. The Justice Department is expected to provide the requested explanation, with the case likely to be dismissed soon, as the court ensures the decision is made in good faith.
    • A US judge on Friday asked the Justice Department to explain its decision to drop criminal charges against billionaire Gautam Adani, stopping short of immediately dismissing the case. The court's move came after Adani's lawyers sought formal dismissal earlier this week, keeping judicial scrutiny over the government's reversal alive.
    • Adani Group Chairman Gautam Adani launched Vande Bharatam, a nationwide initiative to discover and support innovators and entrepreneurs from all corners of India. The program aims to democratize opportunity, extending beyond traditional startup hubs to include participants from villages and towns, irrespective of background. Seventy-five finalists will receive intensive mentorship and investment, with a grand finale planned around Independence Day.
    • Indian billionaire Gautam Adani's lawyers are pushing a U.S. judge to officially drop criminal charges after the Justice Department announced it would no longer pursue the case. Adani had been accused of bribery and misleading U.S. investors. The defense argues the charges were outside U.S. jurisdiction and unprovable. Separately, Adani's companies have settled civil charges with the SEC and Treasury over sanctions violations.
    • Gautam Adani revealed ambitious expansion plans, including a 10 GW nuclear power venture by 2035 under Adani Atomic Energy. The conglomerate also boosted its thermal power target to 45 GW by FY32 and data centre capacity to 3 GW by 2030. These moves signal a significant push into energy, AI-driven computing, and defence, alongside new partnerships in aircraft manufacturing and hydropower.
    • Adani Group is set to invest $15-20 billion over the next five years, focusing on expanding its ports to handle 1 billion tonnes, boosting power capacity to 45 GW including nuclear, and developing data centres and airports. Chairman Gautam Adani highlighted the group's confidence in India's infrastructure growth, aiming for a leaner, faster operational structure. This ambitious expansion positions Adani as a key player in India's evolving infrastructure landscape.
    • Adani Group is venturing into nuclear power, aiming for 10 GW capacity by 2035 to bolster India's energy security amidst global uncertainties. Chairman Gautam Adani announced land acquisition for Adani Atomic Energy, a significant addition to the conglomerate's integrated power platform. This move aligns with accelerated investments across the energy value chain, from mining to clean energy technologies, underscoring a commitment to reliable, affordable, and round-the-clock power for the nation.
    • Adani Group AGM 2026: Gautam Adani is steering his infrastructure giant towards a new era, focusing on internal transformation rather than just scale. The group is simplifying its structure to speed up decisions and enhance accountability. Adani also aims to redefine contractor relationships into long-term nation-building partnerships and place workers at the core of its growth strategy. This vision signals a decade-long blueprint for a more agile and people-centric Adani Group.
    • Indian companies are making record profits, but they are not investing in new factories or infrastructure. This is creating fewer jobs and increasing inequality. Unlike China, which invests heavily, Indian businesses are hesitant. This trend risks trapping India in scarcity. Leaders must decide on a path towards mass affluence now.
    • Adani Group and Jabil Inc. are joining forces to build AI and data centre hardware in India. This partnership aims to create a large-scale manufacturing platform for AI-ready equipment. The venture will leverage Adani's infrastructure and Jabil's manufacturing expertise. This initiative targets both domestic and global markets, capitalizing on the growing demand for AI computing power.
    • The proposed alliance will combine Jabil's engineering and advanced manufacturing capabilities with Adani Group's infrastructure, green energy, logistics and data centre assets to address growing demand for AI data centre infrastructure, the companies said.
    • Gautam Adani has regained the title of Asia’s richest person after a rally in Adani Group stocks lifted his net worth to $89.2 billion. The surge helped him overtake Mukesh Ambani and SoftBank’s Masayoshi Son, with key Adani stocks gaining strongly and extending their sharp 2026 rally.
    • West Bengal Chief Minister Suvendu Adhikari met with Adani Ports MD Karan Adani. Discussions focused on power, logistics, and infrastructure investments. The Chief Minister assured full support for Adani Group's projects in Bengal. The Adani Group had previously pledged Rs 10,000 crore in investments. This meeting follows earlier discussions about the Tajpur port project.
    • Adani Group chairman Gautam Adani announced the company's focus has shifted from funding to project execution. Significant investments are planned across airports, energy, data centres, and logistics. The group anticipates strong demand driven by infrastructure needs and artificial intelligence. Legal matters are now behind them, allowing for a concentrated push on growth and asset building.
    • Gautam Adani announced the Adani Group has overcome US legal challenges and is accelerating investments in energy, transport, and digital infrastructure. The conglomerate is positioning itself to capitalise on AI-driven growth, with significant capital expenditure in renewable energy, data centres, and logistics. Adani emphasised the group's commitment to nation-building despite past scrutiny.
    • Adani Group companies have recovered nearly $150 billion in market value lost after the 2023 Hindenburg report. Strong rallies in Adani Power, Adani Total Gas and Adani Enterprises, along with easing regulatory concerns and rising investor confidence, have driven the conglomerate’s remarkable market comeback.
    • Adani Enterprises and Adani Ports have generated over Rs 1.3 lakh crore in investor wealth this year. These two Adani Group stocks have significantly outperformed the Nifty index. This surge is driven by strong operational performance and renewed investor confidence. Adani Ports shows robust cargo growth and expansion. Adani Enterprises benefits from growth in airports and new industries.
    • Rahul Gandhi warns of a severe economic storm approaching India. He states that the current economic structure benefits industrialists like Gautam Adani and Mukesh Ambani, while ordinary citizens, including the youth, poor, middle class, farmers, laborers, and small traders, will bear the brunt.
    • The US Department of Justice has permanently dismissed criminal fraud charges against Gautam and Sagar Adani. This decision, following a payment without admitting guilt, is expected to boost Adani Group's shares and facilitate their expansion into the US market. Prosecutors cited a lack of evidence as the reason for withdrawing the case.
    • Adani Group shares surged as US prosecutors dropped criminal charges against Gautam Adani and his nephew. This development concludes a 19-month legal challenge. The conglomerate also settled civil charges with the US Treasury Department for sanctions violations. The group's expansion plans faced uncertainty during this period. The dismissal of charges brings significant relief to the Adani Group.
    • US authorities have dropped criminal charges against Gautam Adani and Adani Group executives. This follows a 19-month investigation. The conglomerate also settled civil sanctions charges with the US Treasury Department for $275 million. These developments open new avenues for Adani Group businesses to raise funds and invest in the US. The group faced significant challenges during the investigation period.
    • US authorities have dropped criminal fraud charges against Gautam Adani. This follows a $275 million settlement for a probe into sanctions violations. Adani had promised a $10 billion investment in the US economy. His lawyer argued the case was weak and investment was contingent on dismissal. The settlement involved apparent violations of OFAC's Iran sanctions.
    • Adani Enterprises has agreed to a $275 million settlement with the US Treasury. This resolves potential civil liability for 32 apparent violations of US sanctions on Iran. The company bought liquefied petroleum gas from a Dubai trader. This gas had actually originated from Iran. Separately, the US Securities and Exchange Commission settled a civil lawsuit against Gautam Adani.
    • Rahul Gandhi criticised Prime Minister Narendra Modi, alleging he prioritised Gautam Adani's release from US fraud charges over India-US trade deal. This follows reports that the US Justice Department is nearing the dropping of criminal fraud charges against Adani, who pledged a $10 billion US investment.
    • Adani Group stocks saw a significant jump on Friday. Reports suggest US authorities may resolve fraud allegations against Gautam Adani. A settlement with the SEC for $18 million is also proposed. This development could lead to the dropping of criminal charges. The Adani Group is reportedly considering substantial US investments. This offers a major relief for the conglomerate.
    • The U.S. Justice Department is close to dropping criminal fraud charges against Gautam Adani over an alleged bribery scheme tied to an Indian solar project. Separately, the SEC has settled a related civil fraud case against Adani and his nephew, subject to court approval, with both agreeing to pay civil penalties without admitting wrongdoing.
    • Gautam Adani and his nephew Sagar will pay $18 million to settle US Securities and Exchange Commission charges. The Adani Group faces allegations of false statements regarding Adani Green Energy Ltd. This settlement could pave the way for the conglomerate's return to international markets. The Justice Department is also moving to drop fraud charges against Gautam Adani.
    • US authorities are nearing a resolution for fraud charges against Indian billionaire Gautam Adani. The Justice Department may drop its case soon. The Securities and Exchange Commission is also working to settle its parallel civil fraud case. This development would significantly benefit the Adani Group, clearing the path for international capital markets and expansion.
    • Adani Enterprises shares surged over 5% following a substantial block deal worth Rs 1,435 crore. Despite a Q4 net loss, revenue climbed 20%, driven by infrastructure and utility segments contributing 80% of EBITDA. The company highlighted a stable, infrastructure-led business model poised for sustained cash generation and value creation.
    • Uber CEO Dara Khosrowshahi announced the company's first data center in India, a collaboration with the Adani Group, set to launch later this year. This facility will be instrumental in testing and deploying Uber's technology at scale.
    • Uber CEO Dara Khosrowshahi announced a partnership with Adani Group to establish Uber's first data center in India. This facility, set to be operational later this year, will enable Uber to test and deploy technology, supporting its growth as a global innovation hub for the company.
    • Gautam Adani states energy and digital infrastructure will shape future global power. He urges India to build its own artificial intelligence capabilities. India must own its intelligence future, not rent it. The nation's scale offers unique advantages for AI and energy infrastructure. AI will expand productivity and create jobs. Adani Group is investing heavily in energy transition and digital infrastructure.
    • Adani Group Chairman Gautam Adani said that control over both energy and digital infrastructure will define 21st-century global powers. He argued that fractured global dynamics, exposed by conflicts, necessitate national self-reliance in these "twin foundations of national power." Nations mastering energy and computing will shape the future, with India uniquely positioned to leverage domestic demand for its infrastructure growth.
    • Adani Group is streamlining its operations with a new three-layer structure. This move aims to accelerate decision-making and improve execution as India's infrastructure sector grows. The conglomerate is also expanding worker facilities and plans significant investments. Adani Enterprises is raising funds through a share sale. The group is addressing operational challenges and legal matters.
    • Adani Green Q4 Results: Adani Green Energy announced impressive financial results for the March quarter. Net profit surged by 34.3% year-on-year. Revenue from operations also saw a healthy 16% jump, fueled by the addition of 5.1 GW of new capacity. The company's operational capacity expanded significantly, reaching 19.3 GW.
    • Adani Energy Q4 Results: Adani Energy Solutions reported a 6% year-on-year increase in consolidated net profit to Rs 684 crore for the fourth quarter, with revenue from operations growing 17% to Rs 7,443 crore. The company's performance was bolstered by key transmission projects and strong growth in its smart metering segment.
    • The US Securities and Exchange Commission and Indian businessmen Gautam Adani and Sagar Adani seek more time in a US court. They have proposed a new schedule for key submissions in a civil securities case. The SEC sued the Adanis in November 2024, alleging they misled investors. The Adanis deny all allegations and seek dismissal of the fraud lawsuit.
    • Gautam Adani has officially claimed the title of Asia's wealthiest individual, overtaking Mukesh Ambani with a net worth of $92.6 billion as of April 16. The surge in Adani Group stock prices has fueled this remarkable comeback after earlier hardships. Adani now proudly ranks 19th on the prestigious Bloomberg Billionaire Index, highlighting a significant turnaround in his financial standing.
    • Gautam Adani is now Asia's richest person, surpassing Mukesh Ambani. Adani's wealth has surged this year, placing him 19th globally. Ambani's fortune has seen a decline. Adani Group shares gained significantly, boosting Adani's net worth. Several global billionaires have experienced wealth reduction. Elon Musk continues to lead the global rich list.
    • India's antitrust regulator has dismissed a complaint against Adani group entities and others. The Competition Commission of India found no initial evidence of anti-competitive practices. This decision relates to a tender awarded by the Solar Energy Corporation of India. The regulator stated that the Adani Group does not appear to hold a dominant position in the power generation market.
    • Jaiprakash Gaur is confident the Adani Group will lead Jaiprakash Associates Limited forward. The Adani Group has been selected as the successful resolution applicant. Gaur respects the Committee of Creditors' decision. He described the insolvency process as fair and transparent. Efforts were made for a credible resolution for all stakeholders. The company faced financial stress and entered insolvency proceedings.
    • Adani Group stocks surged as Gautam Adani sought dismissal of a US SEC civil fraud case. Adani Green Energy led gains, jumping 12%. A US court granted Adani's request to schedule a hearing on his plea to dismiss the case, citing lack of personal jurisdiction and failure to state a claim.
    • Gautam Adani and nephew Sagar Adani are challenging a US SEC civil lawsuit, seeking dismissal by April 30, 2026, citing lack of court jurisdiction. The Adani Group stocks saw a surge following this move. The SEC had accused them of bribery to benefit Adani Green Energy and failing to disclose this in a 2021 bond offering.
    • Gautam Adani is challenging a US securities fraud case. His lawyers have filed to dismiss the charges brought by the US Securities and Exchange Commission. The SEC had accused Adani and another executive of orchestrating a bribery scheme. This move marks a new development in the ongoing legal proceedings. The case had faced delays due to service issues.
    • The Supreme Court of India has refused to halt Adani Enterprises' acquisition of Jaiprakash Associates, a decision impacting Vedanta Group. Vedanta had sought a stay, citing a lack of transparency in the insolvency process. The court deferred to the NCLAT, which is scheduled to hear related appeals on April 10.
    • Vedanta, owned by Anil Agarwal, had outbid Adani Group in one of the largest and most keenly tracked insolvency cases in the country. The committee of creditors, though, opted for the resolution plan offered by the Adani Group because of higher upfront payments. Vedanta has told the Supreme Court that the insolvency process lacked transparency and failed to maximise value for creditors. It alleged that the process followed by JAL's committee of creditors in approving the plan of the Adani Group was "unfair, opaque, and inequitable".
    • Adani Ports aims for one billion tonnes of cargo by 2030. The company recently crossed the 500 million tonnes mark. This expansion supports India's growing trade and industrial needs. Adani Ports is India's largest port operator. The group's network includes 20 ports across India and internationally.
    • Gautam Adani revisited the 1990s, remembering the challenging beginnings of Mundra Port. He shared a personal journey to the site, highlighting its undeveloped state. Adani spoke of youthful optimism driving the project. The Adani Group's cargo handling has seen significant growth.
    • Indian billionaire Anil Agarwal’s Vedanta is challenging fellow tycoon Gautam Adani’s winning bid for bankrupt real estate firm Jaiprakash Associates in the Supreme Court. The $4 billion asset pool includes homes, power and cement plants, and India’s only Formula One track near New Delhi.
    • Vedanta Group has approached the Supreme Court seeking a stay on Adani Group's takeover of Jaiprakash Associates Ltd (JAL). Vedanta claims it was initially declared the highest bidder for JAL, but the decision was later reversed. Lenders, however, defend their choice of Adani's bid, citing upfront cash and faster repayment, despite Vedanta's higher financial offer.
    • Indian billionaire Gautam Adani is in talks with American technology giants including Meta Platforms Inc. and Google for partnerships in his fast-expanding data centre business, according to people familiar with the matter.
    • Vedanta Group has appealed to the NCLAT against the NCLT's decision to approve Adani Group's bid for Jaiprakash Associates Ltd. The NCLT had earlier sanctioned Adani Enterprises Ltd's Rs 14,535 crore offer. Lenders had approved Adani's plan in November last year. Vedanta was also a contender for the acquisition.
    • Gujaratis exhibit an exceptional entrepreneurial spirit, deeply rooted in their history and culture, contributing significantly to India's GDP and industrial output. This success stems from a normalised approach to risk and failure, optimised frugality, a powerful diaspora network, and a strong preference for ownership, all contributing to their enduring business acumen.
    • A unit of Adani Group raised about $500 million through a bond privately placed with funds managed by Apollo Global Management Inc., according to people familiar with the matter, highlighting the Indian conglomerate’s ongoing effort to tap funding outside the public dollar bond market.
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    The Economic Times
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