ASIAS RICHEST MAN GAUTAM ADANI
CARE upgrades Adani Enterprises to ‘AA’, retains ‘stable’ outlook
CARE Ratings has upgraded the long-term rating of Adani Enterprises to 'AA', affirming a stable outlook. This elevation underscores enhanced financial adaptability, attributed to recent capital influx and subsidiary stake divestitures. With profit growth likely, supported by a resurgence at Kutch Copper Limited and continued airport operations, coupled with the promoter family's substantial holdings, Adani's strategic significance is reinforced.
IndiGo to launch daily non-stop flights from Pune to Bhubaneswar starting October 25
IndiGo has announced the initiation of daily non-stop flights connecting Pune and Bhubaneswar from October 25, 2026. The new service aims to support various travel needs for professionals, students, and businesses in both cities. Flights will use Airbus A320 aircraft and feature convenient departure and arrival times. This route adds to the 15 destinations already served by IndiGo from Bhubaneswar.
History will be kinder to you: Gautam Gambhir applauds former chief selector Ajit Agarkar
Gautam Gambhir acknowledged Ajit Agarkar's contributions as the chairman of selectors for the Indian cricket team. During his tenure, India won three ICC trophies, including two T20 World Cups. Agarkar's approach emphasized putting the team first and managing transitions effectively after retirements. Gambhir expressed gratitude and wished Agarkar well for future endeavors following his departure from the role. The BCCI has started the process to fill the vacant selector position.
Adani Power and Bhutan's state owned power corporaton to develop 770-megawatt hydropower project
Adani Power and Druk Green Power Corporation have signed an agreement to develop the 770-megawatt Chamkharchhu-I Hydroelectric Project. Construction is expected to begin in the first half of 2027 and commissioning will follow six years later. This project aims to enhance Bhutan’s energy security and provide surplus power to India during summer months. The partnership will operate under a 49:51 equity model and includes a 30-year concession.
Adani Power gains 2% after signing pact for 770-MW hydropower project in Bhutan
Adani Power shares gained 2% after the company signed a pact with Bhutan’s Druk Green Power Corporation to develop the 770-MW Chamkharchhu hydropower project. The ₹project will be developed through a 49:51 partnership, with construction expected to begin in the first half of 2027. The project is part of a broader 5,000-MW hydropower development programme.
Consumer companies score low on R&D spending amid innovation chorus
Indian consumer firms are asserting their commitment to technology and innovation, yet their investment in research and development (R&D) remains unremarkably low. Analysis reveals that R&D spending barely rose to an average of 0.9% of sales, with prominent companies like ITC, Britannia, and Hindustan Unilever experiencing stagnant or even decreasing funding.
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ACC president Mohsin Naqvi to miss India-Pakistan Asian Games final
Asian Cricket Council President Mohsin Naqvi will not attend the Asian Games gold medal contest between India and Pakistan. Naqvi is the head of the Pakistan Cricket Board and the country's interior minister. Indian men's and women's cricket teams have refused to take their respective Asia Cup trophies from him as a mark of protest, while expressing their support to the Indian defence forces involved in 'Operation Sindoor'. The BCCI requested the ACC to advise Naqvi to allow his deputy to do the honours, but he refused.
Vishakha Renewables files IPO papers, eyes Rs 1,250 crore
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.
Adani Group has Rs 2.6 lakh crore projects completed or under execution in Maharashtra: Pranav Adani
Adani Group has projects worth Rs 2.6 lakh crore completed or underway in Maharashtra, with its overall investment blueprint exceeding Rs 6 lakh crore. Investments span energy, aviation, data centres, urban redevelopment and transmission, alongside major Mumbai infrastructure projects.
Gautam Adani overtakes Mukesh Ambani on Forbes India's 100 Richest list 2026: Check top 10 richest Indians and full list
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.
IIBX plans to bring bullion to Bengal’s doorstep with Kolkata vault by Diwali
IIBX will open its own bullion vault in Kolkata by Diwali, enabling West Bengal jewellers to take local delivery instead of sourcing bullion from Chennai or GIFT City. The move is expected to cut logistics costs and delivery times, as the industry navigates high gold prices, falling volumes and export growth opportunities.
Sebi clears Gautam, Vinod Adani of MPS norm violation
Sebi has exonerated Gautam Adani, Vinod Adani and other family members of allegations of violating minimum public shareholding norms in four group companies. However, it fined two overseas investors Rs 20 lakh each for failing to disclose complete information about their links to funds investing in Adani firms. Separately, four group companies and others settled a case by paying Rs 1.48 crore.
SIPs offer steady gains as most fund categories beat benchmark indices
In the last two years, systematic investment plans have shown remarkable performance, with small-cap funds leading with an average return of 14.25%. Retail investor monthly contributions saw a noteworthy increase of about 37% between August 2024 and August 2026. Additionally, midcap and multi-asset allocation funds managed to produce solid returns of 8.51% and 7.85%, respectively, generally exceeding the SIP returns of their benchmark indices.
4 Adani group companies settle public shareholding violations case with Sebi. Check details
Adani Enterprises and three other companies have settled with Sebi over minimum public shareholding violations. The total settlement amount paid by the companies and directors is Rs 1.48 crore. Sebi initiated its investigation after receiving complaints in 2020 regarding non-compliance with public shareholding requirements. The proceedings were settled without admitting or denying the violations alleged in the show-cause notices. Sebi has concluded its enforcement action against the applicants post-settlement.
Sebi drops minimum public shareholding norms violation case against Vinod Adani and 4 Adani group companies
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.
How Gautam Adani turned Rs 1 lakh crore of stressed asset deals into a mega infrastructure bet
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.
Hurun India Rich List 2026: Gautam Adani overtakes Mukesh Ambani as richest Indian
According to the M3M Hurun India Rich List 2026, India's wealth has soared to an impressive Rs. 187.5 lakh crore, with Gautam Adani now eclipsing Mukesh Ambani in the wealth hierarchy. LN Mittal also reports major financial gains.
India orders crackdown on nicotine pouches, citing health risks, letter shows
India has directed states to take enforcement action against the sale of nicotine pouches, citing public health and risks to children. The health ministry said the tobacco-free products remain illegal and unapproved in India and are increasingly available online and offline. A federal drug panel has also recommended no new nicotine formulations.
Adani outlines road map for big Bengal push, says East must rise for Viksit Bharat to be a reality
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.
India to play a critical role in innovation, technology development worldwide: Autodesk's Khoobchandani
India is set to play a key global role in Autodesk’s innovation and software development, with the US design and engineering company citing the country’s engineering talent, scale and digital adoption. Autodesk also sees opportunities in India’s semiconductor, mobility and industrial manufacturing sectors, while expanding AI capabilities and local skills development.
Adani Group sets Rs 1 lakh crore Bengal investment target, unveils Rs 4,000 crore hospital
Gautam Adani announced plans to invest over Rs 4,000 crore in a healthcare facility in West Bengal. This investment will establish a 2,000-bed not-for-profit medical institution by 2035. Of these beds, 1,000 will be allocated for economically weaker sections under health insurance schemes. The overall plan aims for investment exceeding Rs 1 lakh crore in various sectors.
Can Moneyview IPO deliver long-term growth for high-risk investors?
Moneyview, a digital lending platform, is planning a ₹750 crore IPO to fund loan growth. The company's registered users increased significantly, but asset quality has worsened with higher non-performing assets. Total income and loan disbursals have risen sharply, contributing to increased net profit. The company faces potential regulatory risks that may impact its unsecured loan growth. Investors are advised to evaluate financial clarity post-IPO before making decisions.
AssetGro Fintech to file DRHP with Sebi for Rs 2,000-2,500 cr IPO
AssetGro Fintech is gearing up to file its draft IPO documents with Sebi by the end of September. With expectations to raise between ₹2,000 and ₹2,500 crore, the IPO will feature a fresh issue of around ₹800 crore. The remainder will consist of an offer for sale by current shareholders. Emirates NBD Capital has been designated as the lead manager for this endeavor.
Motilal Oswal Nasdaq Q50 ETF crashes 49% in 3 days, rings alarm bells for investors
Motilal Oswal Nasdaq Q50 ETF faced a sharp decline of nearly 49% in just three trading sessions. This drop followed a dramatic price surge that raised concerns about valuation and investor behavior. Several other international ETFs are also trading well above their net asset values, creating a potential risk for investors. Limited supply of ETFs relative to demand has further intensified these trading conditions.
NSE debut may not set D-St on fire, sparks to come later
NSE is set to debut on the stock market amid market expectations of moderate gains. Traders quote a grey market premium of around ₹83 per share, down significantly from earlier estimates. The IPO was subscribed 5.71 times, highlighting strong institutional interest despite expectations for lower listing gains. Strict supply rules could limit immediate trading shares, impacting initial price movements post-listing.
Gautam Adani reclaims richest Indian spot from Mukesh Ambani as India's billionaire count hits record: Hurun
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 reclaims top spot as India’s richest, edges out Mukesh Ambani: Hurun Rich List
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.
Court rejects Adani plea that duty-free shops are beyond domestic laws
An Indian court has ruled that nicotine pouches sold at duty-free shops are subject to domestic laws. The Adani Group challenged the legality of their items, arguing they are not drugs and are innovatively classified. Authorities maintained that selling such products poses a public health risk and violates drug laws. The court concluded that regulations apply to goods sold within Indian territory, including duty-free areas.
Factory floor or family office? India’s young rich alarm elders
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.
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