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Gautam Adani becomes second richest Asian, overtakes China's Zhong Shanshan

Gautam Adani becomes second richest Asian, overtakes China s Zhong Shanshan
Directly above Adani, on the 13th spot, is Reliance Industries Chairman Mukesh Ambani with a net worth of $76.5 billion. Ambani had replaced Shanshan in February to become the richest Asian
BusinessToday.In | May 20, 2021 | Updated 19:54 IST
Adani Group Chairman Gautam Adani has pipped China s Zhong Shanshan to become the second richest Asian in the world. He is now on the 14th spot on Bloomberg Billionaires Index with a net worth of $66.5 billion. The Chinese billionaire is worth $63.6 billion.
Directly above Adani, on the 13th spot, is Reliance Industries Chairman Mukesh Ambani with a net worth of $76.5 billion. Ambani had replaced Shanshan in February to become the richest Asian. ....

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CCI nod to Adani Ports' acquisition of additional 25% stake in Adani Krishnapatnam

Adani Krishnapatnam is engaged as a developer and operator of an all-weather, deepwater multi-purpose port at Krishnapatnam, Andhra Pradesh, under build-operate-share-transfer concession from Andhra Pradesh ....

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CCI approves Adani Ports' 89.6% stake buy in Gangavaram Port

CCI approves Adani Ports 89.6% stake buy in Gangavaram Port
GPL, located in the northern part of Andhra Pradesh next to Vizag Port, is the second largest non-major port in Andhra Pradesh with a 64 MMT capacity.
BusinessToday.In | April 13, 2021 | Updated 20:24 IST
On March 23, Adani Ports had said it would acquire 58.1 per cent stake held by DVS Raju and family in GPL for Rs 3,604 crore.
The Competition Commission of India (CCI) on Tuesday approved the acquisition of 89.6 per cent stake in Gangavaram Port Ltd (GPL) by Adani Ports and Special Economic Zone Ltd.
On March 23, Adani Ports had said it would acquire 58.1 per cent stake held by DVS Raju and family in GPL for Rs 3,604 crore. Earlier in the month, the company had announced acquisition of 31.5 per cent stake held by Windy Lakeside Investment Limited, an affiliate of Warburg Pincus, in GPL for Rs 1,954 crore. Together, both the transactions would take Adani Ports stake in GPL to 89.6 per cent. ....

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Nifty, Sensex directionless – Weekly closing report

Nifty, Sensex directionless – Weekly closing report
moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.

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06Apr2021 Pre-Market Commentary: Wall Street Stock Futures Down This Morning, DOW Down 40 Points, Nasdaq Up 0.1%, WTI Crude Higher At 59.79, Bitcoin Lower At 58900

One day after the DOW and SP 500 surged to closing records, markets will take a breather (SPY -0.2%). Home price growth reaches 15-year highand Credit Suisse takes $4.7 billion hit.
Here is the current market situation from CNN Money
European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
Iraq Moves To Exploit Its Massive Natural Gas Reserves
Official estimates are that Iraqs proven reserves of conventional natural gas amount to at least 3.5 trillion cubic meters (tcm), or about 1.5 percent of the worlds total, placing Iraq 13th among global reserve-holders, with around three-quarters of this figure comprising associated gas that is found in the same reservoirs as oil. The International Energy Agency, though, estimates that ultimately recoverable resources will be considerably larger, at 8.0 tc ....

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