The story of New York City’s newly elected mayor, Zohran Mamdani, stretches far beyond the political landscape of the United States. His name itself carries the echoes of centuries-old migration, commerce, and cultural exchange across the Indian Ocean, linking him symbolically to the mercantile traditions of Gujarat that also gave rise to business dynasties like the Ambanis and Adanis. Mamdani, who will soon become the first Muslim and Indian-origin mayor of America’s largest ci

At the East Coast Maritime & Logistics Summit, Andhra Pradesh Chief Minister Nara Chandrababu Naidu outlined an ambitious plan to turn the state’s coastline into a vibrant logistics and trade hub. The summit, held to strategize the development of the state’s coastal infrastructure, highlighted key initiatives that would enhance Andhra Pradesh’s position as a major player in global trade, shipping, and logistics.

The United States Securities and Exchange Commission is facing delays in serving summons to Gautam Adani, Sagar Adani, and other defendants in a high-profile bribery and fraud case. In a status report filed in the Eastern District Court on August 11, the SEC stated that it had sought assistance from Indian authorities under the Hague Service Convention, but those authorities have not yet carried out the service. The summons is linked to a case filed on November

Global financial markets came under pressure on Friday as Iran launched hundreds of missiles toward Israel in retaliation for earlier airstrikes on its nuclear and military facilities. The geopolitical escalation sparked fears of a wider Middle East conflict, leading to a steep sell-off on Wall Street and sharp gains in oil and gold. The S&P 500 fell 1.1%, while crude oil futures jumped 7.5%, their largest single-day gain in over two years. The VIX fear g

In a significant show of confidence, BlackRock, the world’s largest asset management firm, has emerged as the biggest investor in the Adani Group’s $750 million private bond issuance, taking on approximately one-third of the allocation. The investment, made through a private placement with a 3–5 year tenure, marks BlackRock’s debut in India's infrastructure-focused private bond space. Sources with direct knowledge revealed that BlackRock’s participation in th

India’s wealthiest individuals faced a massive financial hit in Monday’s stock market crash, which saw billions of dollars wiped off global markets. Along with retail investors and institutional players, some of the country’s most prominent business leaders—Mukesh Ambani, Gautam Adani, Savitri Jindal & family, and Shiv Nadar—collectively lost over $10 billion in personal wealth. The losses were reported based on Forbes’ real-time billionaire tracker, which

In a significant financial setback for India’s wealthiest individuals, seven prominent billionaires, including Mukesh Ambani, Gautam Adani, Shiv Nadar, Azim Premji, Shapoor Mistry, and others, have collectively lost a staggering $34 billion in 2025 following a sharp stock market selloff. According to the Bloomberg Billionaire Index, this loss comes amid growing volatility in global financial markets.   Gautam Adani: The Biggest Loser Ga

Adani Group has issued a statement refuting claims that its 484 MW wind power projects in Sri Lanka, located in Mannar and Pooneryn, have been cancelled. The company clarified that the recent decision by the Sri Lankan Cabinet to reevaluate the tariff approved in May 2024 is part of a routine review process, especially with the new administration in place. The reevaluation aims to align the terms with the country’s evolving energy policies. The company emphasized its commitmen

Gautam Adani’s Address to Students On Monday, Gautam Adani, the chairman of the Adani Group, addressed the students of Adani International School in Ahmedabad. During his speech, Adani shared three core principles for the students: "dream relentlessly, learn relentlessly, and build relentlessly," encouraging them to aim high and remain determined in their endeavor

Andhra Pradesh Chief Minister N Chandrababu Naidu clarified that no action would be taken against Adani Green Energy Limited (AGEL) concerning allegations of bribery until concrete proof is provided. Speaking at the Telugu Desam Party (TDP) headquarters in Mangalagiri, Naidu emphasized the need for more evidence, especially as the case is still under investigation in the United States. He noted that the state government cannot act based on mere allegations and will await the outcome of the le

In a recent conversation with IANS, Gautam Adani, the chairman of the Adani Group, shared his thoughts on the ongoing work-life balance debate, emphasizing the importance of personal happiness and choice. He argued that work-life balance is subjective, highlighting that what works for one person may not work for another. For some, spending time with family for a few hours may bring joy, while others might find fulfillment in longer hours. Adani stressed that the essence of work-life

Cochin Shipyard’s stock saw a significant surge on Friday, hitting an upper circuit limit, following the announcement of a major order from Adani Ports and Special Economic Zone Ltd. The order, valued at approximately Rs 450 crore, is for the construction of eight state-of-the-art harbour tugs, making it the largest contract for the company under the government’s Make in India scheme. Adani Ports emphasized its commitment to the "Make in India" and "Aatman

In a significant legal development, the Bombay High Court has upheld the Maharashtra government's decision to award the Dharavi slum redevelopment project to the Adani Group, dismissing a challenge filed by UAE-based Seclink Technologies. The court ruled that there was no evidence of "arbitrariness, unreasonableness, or perversity" in the state government's decision-making process. Seclink Technologies had alleged that the tender conditions were specifically designed to favo

Bangladesh's interim government has accused Adani Power of breaching a multi-billion-dollar agreement related to the supply of electricity from its coal-fired plant in India. The dispute centers on Adani Power withholding tax benefits that the power plant was entitled to under the agreement. The Indian company signed a deal with Bangladesh in 2017 to supply power from the Godda plant, but Dhaka claims that Adani Power failed to pass on the tax exemptions it received from the Indian govern

In a major boost to Rajasthan's economic prospects, the Adani Group has pledged to invest Rs 7.5 lakh crore in the state over the next five years. This massive investment will fund key infrastructure projects, including the creation of four new cement plants and the establishment of a world-leading green energy ecosystem. Karan Adani, CEO of Adani Ports, shared these details at the 'Rising Rajasthan' Investor Summit 2024, where he highlighted the ambitious plans to build the world

Congress MPs staged a protest in Parliament by wearing jackets that displayed the slogan "Modi-Adani Ek Hain" (Modi and Adani are one) on Thursday. This demonstration was part of the party's ongoing campaign to demand answers from the government about alleged financial irregularities and favoritism involving the Adani Group. The protestors entered Parliament premises wearing the jackets and chanting slogans accusing Prime Minister Narendra Modi of protecting billionaire business

Trinamool Congress has made it clear that it is not in agreement with the Congress-led push for a Parliament disruption over the Adani issue. The party skipped the meeting of INDIA bloc leaders, held at Congress President Mallikarjun Kharge's chamber, citing a difference in priorities. While Congress wants to focus on the US Department of Justice's indictment against Adani Group directors, Trinamool aims to raise several other critical issues such as price rise, unemployment, funds cr

Former Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy has responded strongly to the allegations made by the United States government regarding bribery linked to a 2021 power deal involving the Adani Group. According to Reddy, the meeting he had with Adani Group Chairman Gautam Adani was not indicative of any wrongdoing, explaining that such meetings are part of his role as chief minister to foster business relationships and attract investments to the state. Reddy clarified tha

The Indian Ministry of External Affairs (MEA) has clarified that the government has not received any communication from the United States regarding the Adani Group. In its weekly briefing, MEA spokesperson Randhir Jaiswal rejected media reports about the US summoning Adani Group Chairman Gautam Adani and other executives. He emphasized that the issue is a private legal matter involving individuals and the US Department of Justice, with no prior notification sent to the Indian government.

On Thursday, both houses of the Indian Parliament were temporarily suspended as opposition lawmakers disrupted proceedings for the third consecutive day, demanding a discussion on the serious bribery allegations against the Adani Group. U.S. authorities have accused Gautam Adani, his nephew Sagar Adani, and Adani Green’s managing director Vneet S. Jaain of paying $265 million in bribes to secure Indian solar power supply contracts. Additionally, they are accused of misleading U.S. inves