A stellar market debut of Bajaj Housing Finance Ltd (BHFL) on Monday helped the Bajaj Group reduce its market capitalisation (mcap) gap with the Adani group. BHFL’s mcap stood at Rs 1.37 trillion on Monday, more than double its initial public offering price-based valuation of around Rs 58,300 crore. This added more than 10 per … Read more
Prominent business families including the Ambani, Bajaj, Birla & Jindal families were part of the top ten 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses released on Thursday. However, Gautam Adani’s conglomerate was not part of the list. The Mukesh Ambani-led Ambani Family, with a value of Rs 25,75,100 crore topped the list … Read more
The following development took place after Gautam Adani tumbled to No. 24 in the global list. Adani was the world’s third-richest person on January 24, when he was worth nearly $126 billion. A report issued by US short-seller Hindenburg Research later that day, however, sent his companies’ shares plummeting,” Forbes said. His net worth is … Read more
With Mukesh Ambani showing interest in purchasing Liverpool FC, the club may be headed for an Indian takeover, according to The Mirror. Ambaniwill have to fend off interest from parties in the Middle East and the US in order to acquire the famed English football team Liverpool, the report says. The potential buyers reportedly want … Read more
Asia’s second-wealthiest man, Reliance Industries Ltd. Chairman Mukesh Ambani, is setting up a family office in Singapore, according to people familiar with the move. The Mumbai-based billionaire has picked a manager to hire staff for the new entity and get it running, the people said, asking not to be identified because the matter is private. … Read more
Mukesh Ambani and Gautam Adani tiptoed around each other for years to reach the top two rungs of Asia’s wealth ladder. While one of them built an empire in telecom and retail, the other established a lock on transport and energy distribution. Increasingly, though, the two billionaires from India’s Gujarat state are starting to overlap, … Read more
Gautam Adani, the Indian billionaire who turned a small commodities trading business into a conglomerate spanning ports, mines and green energy, is now Asia’s richest person. The 59-year-old mogul’s net worth reached $88.5 billion on Monday, according to the Bloomberg Billionaires Index, eclipsing fellow countryman Mukesh Ambani’s $87.9 billion. With an almost $12 billion jump … Read more
Mukesh Ambani, Asia’s richest person, joined Jeff Bezos and Elon Musk in the world’s most exclusive wealth club with a fortune of at least $100 billion.The chairman of Ltd. entered the rarefied group of 11 men as his conglomerate’s stock climbed to a record on Friday. He’s now worth $100.6 billion, according to the Bloomberg … Read more
Mukesh Ambani spent much of 2020 convincing Facebook Inc., Google and a clutch of Wall Street heavyweights to buy into his vision for one of the world’s most ambitious corporate transformations. Now flush with $27 billion in fresh capital, Asia’s richest man is under pressure to deliver. The 63-year-old Indian tycoon is focused on a … Read more