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Credit watcher warns Adani Group is deeply overleveraged

Credit watcher warns Adani Group is 'deeply overleveraged'

"The Adani Group is increasingly venturing into new and/or unrelated businesses, which are highly capital intensive and raises concerns regarding spreading execution oversight too thin," the report said
The six listed Adani group firms had a gross debt of ₹2,309 billion as of FY22-end. Net debt after accounting for cash in hand was ₹1,729 billion, CreditSights noted

24 Aug 2022 11:12 AM IST

Adani pushes Gates behind to become fourth richest in world

Adani pushes Gates behind to become fourth richest in world

21 July 2022 11:57 AM IST

Ambani again overtakes Adani to become richest in Asia

Ambani again overtakes Adani to become richest in Asia

Ambani & Adani take 8 and 9 positions on world's richest list, while Musk & Bezos retain 1st and 2nd

3 Jun 2022 10:38 PM IST

Adanis wealth sets Buffet aside to make him be called 5th richest

Adani's wealth sets Buffet aside to make him be called 5th richest

New Delhi: Billionaire industrialist Gautam Adani and his family's net worth of $123.2 billion has made him the...

25 April 2022 3:31 PM IST

In India, no one will go to bed empty-handed if the economy hits $30 trillion 2050: Gautam Adani

In India, no one will go to bed empty-handed if the economy hits $30 trillion 2050: Gautam Adani

Adani said that improving the lives of 1.4 billion may feel like a marathon in the short term, but it is a sprint over...

22 April 2022 3:28 PM IST

Gautam Adani becomes Asias richest person overtaking Mukesh Ambani

Gautam Adani becomes Asia's richest person overtaking Mukesh Ambani

Billonaire businessman Gautam Adani has become Asia's richest man after Adani Wilmar closed its first day on the stock...

8 Feb 2022 6:59 PM IST