The Adani Group is set to exit its stake in Adani Wilmar Ltd., the consumer-focused joint venture, through a multi-phased $2 billion deal. The decision comes as the conglomerate refocuses on its core infrastructure sectors, including air transport and renewable energy. The deal, confirmed by a filing to the stock […]

As of December 2024, Indian billionaires Mukesh Ambani and Gautam Adani’s net worths have fallen below $100 billion, removing them from Bloomberg’s exclusive $100 billion club. Mukesh Ambani, chairman of Reliance Industries, currently holds an approximately $96.3 billion net worth. This decline is attributed to underperformance in Reliance’s energy and […]

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