The Dubai real estate giant had confirmed in January that it was in talks with Adani Group and others to sell Emaar India
Gautam Adani
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Adani Enterprises
Dubai’s Emaar confirms talks with multiple companies to sell stake in India unit
The Dubai real estate company said in a disclosure to DFM that the valuations and other terms have not been finalised
Adani Enterprises
Controversy-ridden Adani Group to make foray into petrochemical sector; partners with Thailand-based Indorama
Adani Petrochemicals and Indorama will hold a 50% stake each in the joint venture
Adani Group
Adani Group loses $2.5bn worth of Kenyan deals following US fraud, bribery allegations
Kenya announced axing multimillion-dollar airport expansion and energy deals with Indian tycoon Gautam Adani
Adani Green Energy
Indian billionaire Gautam Adani charged in the US for bribery and fraud
Seven associates, including nephew Sagar, named in bribing Indian officials over $250 million and trying to raise funds in the US on false statements
Gautam Adani
Gautam Adani tops 2024 Hurun India Rich List, surpassing Mukesh Ambani with $138.27bn wealth
Bollywood star Shah Rukh Khan makes debut on Hurun India Rich List amid rapid wealth creation in India
Adani Enterprises
Controversy-hit Adani Group in talks to exit JV with Singapore-based Wilmar: Report
Adani Wilmar last week reported significantly lower numbers for the September quarter of the current financial year, posting a loss of Rs 1.31 billion against a profit of Rs 490 million in the year-ago period
Adani Enterprises
Adani scandal: Congress leader Rahul Gandhi demands parliamentary probe on the issue
India’s “global reputation is on the line”, Gandhi said, after the OCCPP report, carried by London’s Guardian and The Financial Times, alleged financial violations by the politically connected Adani family
Adani Enterprises
Adani scandal: Fresh accusations of stock manipulation levelled against India company
The Group denies any wrongdoing after an OCCRP report that millions were invested in Adani stocks by ‘opaque’ Mauritius-based funds
Adani Enterprises
Adani Group exits NBFC space with Bain Capital deal
Media reports earlier said the Adani Group had put its NBFC arm on the block as part of its strategy to exit the non-core businesses
Billionaire
Elon Musk tops list of world’s richest people with $96.6bn gain
Billionaires see $852 billion wealth surge in first half of 2023
Adani Enterprises
Adani Enterprises to weigh stock sale months after short-seller turmoil
The move will be a major test of investor confidence in the group, after the allegations of fraud led to a market rout, wiping out more than 100 billion in market of various group companies
Asia's richest person
Mukesh Ambani reclaims top spot as Asia’s richest person on Forbes Billionaire 2023 list
With $211 billion net worth, Bernard Arnault, the French luxury goods tycoon, is the new richest person in the world
Adani Enterprises
Hindenburg Research to release new report after Adani downfall
The US short seller, however, did not offer any more details on its next expose
Adani Enterprises
Adani Group reportedly suspends $4.23bn petrochemical project in Gujarat amid Hindenburg fiasco
The unit was to have a poly-vinyl-chloride (PVC) production capacity of 2,000 kilo tonne per annum, requiring 3.1 million tonnes per annum of coal that was to be imported from Australia, Russia and other countries
Adani Enterprises
GQG justifies $1.9 billion Adani Group investment as ‘reaction to opportunity’
Chairman Rajiv Jain says underlying businesses are extremely robust, cash flow is and the debt levels are normal for a utility business
Adani Enterprises
Adani stocks in free fall as four counters hit 5% lower circuit limit
The rout in the shares comes even as the embattled port-to-power group makes efforts to placate investors, feeding news about its plans to prepay some of the company loans