🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Adani Group’s net debt has ballooned to $26 billion in FY24
Thehindubusinessline
·
1y ago
Medial
The Adani Group's net debt is expected to reach $26 billion by the end of FY24, up 25% from the previous year. However, the group is confident of ending the year with an EBITDA exceeding $9.5 billion, primarily driven by its core infrastructure businesses. Despite the increase in debt, the net debt to EBITDA ratio is expected to improve to around 2x by March 2024, down from 3.3x last year. The group has successfully raised $15 billion in debt, with a strong response to Adani Green Energy's overseas bond issuance. Key bondholders include Black Rock, AIA, Fidelity, Metlife, Goldman Sachs, and Barings.
View Source
Related News
Gautam Adani rejoins $100 billion club after Hindenburg report
Livemint
·
1y ago
Medial
Adani Group chairman Gautam Adani has recovered much of his wealth after the attack by Hindenburg Research in 2023, rejoining the $100 billion club. His net worth has risen to $100.7 billion, making him the 12th-richest person globally. Adani's conglomerate, which lost over $150 billion in market value, has taken steps to regain investor confidence and repay debt. The group received fresh equity capital from investors including GQG Partners LLC and Qatar Investment Authority in 2023. Adani's rebound coincides with increasing global investor interest in India.
View Source
Elon Musk now has more money than Mukesh Ambani and Gautam Adani combined
Livemint
·
1y ago
Medial
According to the Bloomberg Billionaire's Index, Elon Musk has emerged as the richest person, surpassing Mukesh Ambani and Gautam Adani combined. Musk's net worth is reported to be $204 billion, while Ambani has a net worth of $108 billion and Adani has a net worth of $95.9 billion. This development comes after Bernard Arnault briefly overtook Musk as the richest person. Elon Musk recently announced the successful implantation of a brain chip by his company, Neuralink.
View Source
Rajiv Jain’s GQG sees its investment in Adani stocks grow 150% to $10 billion
Money Control
·
1y ago
Medial
GQG Partners Chairman and Chief Investment Officer Rajiv Jain has seen his investments in the Adani Group grow by 150% over the past year, reaching a total value of $10 billion. Jain strategically invested in various Adani enterprises following a report by Hindenburg Research in January 2023 that raised concerns about corporate governance and debt-related issues. His total investment of $4.3 billion in Adani companies, including Adani Power and Adani Green Energy, has significantly appreciated in value. Jain's successful investments have cemented his reputation as a skilled investor in various sectors.
View Source
Adani Group’s 12-month trailing EBITDA up 34.4 per cent YoY
Thehindubusinessline
·
1y ago
Medial
The Adani group reported strong financial performance in 2023, with a 34.4% increase in EBITDA. The group aims to invest around $100 billion in renewable energy over the next few years. It ended 2023 with a cash balance of $4.5 billion and raised funds of ₹91,290 crore during the first nine months of FY24. Adani Enterprises houses emerging businesses like airports, green hydrogen, and data centers. Adani Green Energy plans to increase its renewable capacity from 9 GW to 45 GW by 2030. Adani Ports and Special Economic Zone recorded a cargo handling volume of 311 million tonnes in FY24.
View Source
Gautam Adani overtakes Mukesh Ambani to become richest Asian
YourStory
·
1y ago
Medial
Gautam Adani has reclaimed the title of the richest person in Asia, surpassing Mukesh Ambani of Reliance Industries. Adani's net worth of $111 billion now ranks him 11th in the world, while Ambani follows closely at 12th with $109 billion, according to Bloomberg Billionaires Index. The surge in stock prices of Adani Group companies, driven by a optimistic outlook from US brokerage Jefferies, contributed to Adani's recent rise. Adani Group's market capitalization increased by Rs 84,064 crore, pushing Adani ahead of Ambani. Adani's conglomerate had faced setbacks earlier due to allegations of fraud but has since rebounded.
View Source
Gautam Adani ‘bribery’ case: How the troubles began since Hindenburg allegations — a timeline | Company Business News
Livemint
·
8m ago
Medial
The Securities and Exchange Commission (SEC) has charged Adani Group Chairman Gautam Adani and his nephew Sagar Adani, among others, with involvement in a multi-billion-dollar bribery and fraud scheme. The SEC alleges that Adani Green Energy and Azure Power raised funds from US investors, promising bribes to Indian government officials to secure solar energy contracts. This comes after a report by US-based short seller Hindenburg Research alleged stock manipulation and accounting fraud by the Adani Group, leading to significant market value losses. Adani Enterprises also saw a drop in share price and Gautam Adani's net worth.
View Source
Jeff Bezos suffers big jolt, loses world's second richest man title after 8 years. Who overtook him?
Economic Times
·
1m ago
Medial
Larry Ellison of Oracle has overtaken Jeff Bezos to become the second richest person in the world. Ellison's net worth soared by $26 billion to $243 billion after Oracle reported stronger-than-expected earnings, surpassing Bezos and Mark Zuckerberg. Bezos first became the second richest in 2017 but lost the title to Zuckerberg in 2024. Currently, Elon Musk maintains the top position with a net worth of $407 billion.
View Source
Gautam Adani's wealth rises by $5.6 billion amid market rally
Livemint
·
1y ago
Medial
Billionaire Gautam Adani's net worth surged by $5.6 billion following a market rally prompted by the Supreme Court hearing on the Hindenburg report-related matter. The court reserved its verdict on allegations of corporate fraud against the Adani Group, noting that it won't solely rely on media reports. Adani is now ranked 20th on the Bloomberg Billionaires Index with a fortune of $65.8 billion. Additionally, Adani Group stocks gained about $9.8 billion in market value, driven by market optimism after the ruling party's victory in state elections.
View Source
Yatra Q3: Posts INR 1.1 Cr PAT, Revenue Jumps 23% YoY
Inc42
·
1y ago
Medial
Yatra Online, an Indian online travel aggregator, reported a consolidated net profit of INR 1.1 Cr in Q3 FY24, compared to a loss of INR 5.6 Cr in the same quarter of the previous year. Operating revenue increased by almost 23% YoY to INR 110.3 Cr in Q3 FY24. The company's domestic air passenger traffic grew by 26% YoY during the quarter. However, its EBITDA declined by 25% YoY to INR 4.8 Cr. Yatra continues to expand its corporate client base and closed 26 new corporate accounts during the quarter.
View Source
Adani Enterprises in talks with Gulf-based sovereign funds to raise $2 billion through QIP: Report | Mint
Livemint
·
10m ago
Medial
- Adani Enterprises is in discussions to raise $2 billion through a qualified institutional placement (QIP) with investors including ADIA, QIA, and GQG. - The institutional share sale is expected to be launched by the end of October. - The funds raised through the QIP will be used for capital expenditure and to repay debt of the company and its subsidiaries. - Adani Energy Solutions raised nearly $1 billion through QIP, with participation from GQG, Blackrock, Nomura, ADIA, QIA, and domestic mutual funds. - Adani Group plans to raise ₹30,000-₹40,000 crore from retail investors through non-convertible debentures (NCD) to diversify funding sources.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
