Latest news with #GautamAdani
Hindustan Times
13 minutes ago
- Business
- Hindustan Times
Watch: Gautam Adani and wife Priti Adani cook, serve prasad at Rath Yatra in Puri
Adani Group Chairman Gautam Adani and his wife Priti Adani visited the sacred temple town of Puri on Saturday to participate in the world-renowned Lord Jagannath Rath Yatra, which began on Friday and continues until 8 July. The nine-day festival witnessed a spiritual fervour, drawing lakhs of devotees from across India and abroad. Gautam Adani and wife Priti Adani took part in Rath Yatra and served prasad at ISKCON Kitchen in Puri.(X/ANI) (Also read: Street vendor goes viral for his uncanny resemblance to billionaire Gautam Adani) In a gesture of devotion and service, the Adani couple actively joined the 'Prasad Seva' at the ISKCON Kitchen in Puri, where they helped prepare and distribute food to pilgrims and volunteers. The Adani Group, under its ongoing philanthropic efforts, has initiated the 'Prasad Seva' programme in Puri Dham, aiming to serve both visiting devotees and frontline workers engaged in managing the massive influx of pilgrims during the Yatra. Adani seen serving devotees in viral videos Videos shared by news agency ANI showed Adani and his wife involved in preparing sacred food offerings ('prasad') and personally serving meals to people at the ISKCON Kitchen. Watch the clips here: Lakhs gather for the grand procession This year's Rath Yatra witnessed a massive influx of devotees from across India and around the world, all converging in Puri to behold the majestic chariot procession of Lord Jagannath, his elder brother Lord Balabhadra, and his sister, Goddess Subhadra. In a grand ceremonial tradition, the three deities are taken from the Jagannath Temple to the Gundicha Temple, where they stay for a week before making the return journey. The streets of Puri came alive with devotional chants, sacred rituals, and the vibrant colours of faith, creating an atmosphere charged with spiritual energy. CM Majhi welcomes devotees, urges faithful participation Odisha Chief Minister Mohan Charan Majhi also extended a warm welcome to the pilgrims, encouraging them to take part in the Yatra with full devotion. 'Join the Rath Yatra with faith and devotion, witness the divine glimpse of Mahaprabhu atop the chariot, and receive His blessings,' CM Majhi said in his message.
NDTV
an hour ago
- Business
- NDTV
Gautam Adani, Family Attend Grand Jagannath Rath Yatra In Puri
Puri: Industrialist Gautam Adani and members of his family were present in Odisha's Puri today to attend the annual Rath Yatra, one of India's most significant religious festivals. Accompanied by his wife Priti Adani and son Karan Adani, the Adani Group chairman participated in the rituals associated with the procession of Lord Jagannath, Lord Balabhadra, and Goddess Subhadra. The billionaire and his family also took part in preparing the prasad that will be served at the temple. The Adani Group is assisting pilgrims and local authorities during the nine-day festival, which draws millions of devotees to the coastal city. The support initiative, coordinated by the Adani Foundation, includes large-scale meal distribution, provision of drinking water, safety gear for workers, and collaboration with local volunteers and institutions. The initiative follows a similar outreach earlier this year during the Maha Kumbh Mela in Prayagraj, where the Group supported food distribution and services for pilgrims in partnership with religious and civic bodies. From June 26 to July 8, the Adani Group has committed to providing an estimated four million meals and beverages to devotees, volunteers, and frontline workers. These are being distributed through multiple designated food counters set up across Puri. Cool beverage stalls have also been established to help pilgrims manage the intense summer heat in Odisha. In addition to food and water, the group has distributed fluorescent vests to municipal workers, T-shirts for volunteers, and rainwear, including jackets, caps, and umbrellas-for security personnel and devotees. Lifeguards affiliated with the Puri Beach Lifeguard Mahasangha are also receiving logistical support. The seva, or voluntary service, is being undertaken in coordination with the Puri district administration, ISKCON, and various local civil society organisations.
Hans India
2 hours ago
- Business
- Hans India
Adani Group brand value zooms 82% to $6.46bn
The Adani Group has emerged as the fastest-growing Indian brand this year, with its brand value up by 82 per cent, according to a new report. The Group's growth is attributed to aggressive and integrated infrastructure focus, surge in green energy ambitions, and increased brand equity across key stakeholders, said the 'Most Valuable Indian Brands 2025' report by London-based Brand Finance. The value of the Adani brand surged from $3.55 billion in 2024 to $6.46 billion, marking a substantial gain of $2.91 billion -- a testament to the Group's strategic clarity, resilience and commitment to sustainable growth. The increase in value this year is greater than the entire brand valuation reported in 2023, helping the Adani Group climb to rank 13 from 16 last year, according to the report. The company has seen record-breaking revenue, unprecedented growth and historic profitability. Addressing the 33rdAnnual General Meeting (AGM) of Adani Enterprises Ltd (AEL) this week, Gautam Adani, the Chairman of the Adani Group, said: 'In FY25, our numbers were strong. Across all our sectors, we did more than just scale. We created impact, inspired change, and most importantly, deepened our national commitment'. In terms of consolidated numbers, at the Group level, revenues grew by 7 per cent, EBITDA by 8.2 per cent, and Net Debt-to-EBITDA ratio remained healthy at 2.6x. Total revenues were Rs 2,71,664 crore, and adjusted EBITDA was Rs89,806 crore. 'Our capital investment across businesses is set to break all records. We anticipate an annual capex spend of $15-20 billion for the next five years. These are not just investments in our Group, but investments in the possibilities for doing our part to build India's infrastructure,' said Gautam Adani. Adani Power crossed 100 billion units of generation -- a scale never before matched by any private sector company. It is now well on track to reach 31 GW capacity by 2030. Meanwhile, showcasing a resilient economy amid robust policies, the collective brand value of the top-100 Indian companies reached $236.5 billion in 2025 to date. The Brand Finance ranking report results remained stable, reflecting a year of steady gains for major Indian brands across sectors.
NDTV
8 hours ago
- Business
- NDTV
"What An Achievement": Gautam Adani Praises India's No. 1 Praggnanandhaa
Adani Group Chairman Gautam Adani on Saturday lauded grandmaster Rameshbabu Praggnanandhaa, who became India's top-ranked chess player in the live ratings after winning the UzChess Cup Masters 2025 a day earlier. The victory took Praggnanandhaa's live rating to 2778.3, making him World No. 4 - up three places - as he achieved his highest career ranking. "Congratulations @rpraggnachess! Proud of you! Winning #UzChess, becoming India's No.1 and World No.4 and you are still just 19! What an achievement! India's youth is indeed our greatest strength," the business tycoon posted on X. Congratulations @rpraggnachess! Proud of you! Winning #UzChess, becoming India's No.1 and World No.4 and you are still just 19! What an achievement! India's youth is indeed our greatest strength. 🇮🇳♟️ — Gautam Adani (@gautam_adani) June 28, 2025 Nineteen-year-old Praggnanandhaa leapfrogged world champion D Gukesh (2776.6) and Arjun Erigaisi (2775.7), who was India's top-ranked player until Thursday but has now slipped to world No.6. Magnus Carlsen (2839.2) remains No.1, followed by Hikaru Nakamura (2807.0) and Fabiano Caruana (2784.2). This was Praggnanandhaa's third title of the year, after wins at the Tata Steel Chess Tournament and the Grand Chess Tour Superbet Classic in Romania. He was also runner-up at the Stepan Avagyan Memorial earlier this month. Five-time world champion Viswanathan Anand congratulated Praggnanandhaa on social media, posting: "Congrats to @rpraggnachess for winning the Uzbekistan Chess Cup." "Third major classical victory this year. Of all his wins this year, this one seemed the least likely with just two rounds to go." He continued: "However, he defeated Arjun Erigaisi and today in the crucial match defeated Nodirbek Abdusattorov to tie for first place. "In an impressive demonstration of character he won his third tiebreak of the year as well. He is deservedly the new number four in the chess world and the highest rated player in India," he concluded.
The Hindu
13 hours ago
- Business
- The Hindu
Adani indictment case: U.S. SEC updates court on efforts to serve legal documents
The U.S. Securities and Exchange Commission (SEC) has filed a status update with a federal court in New York, detailing its ongoing efforts to serve legal documents to billionaire Gautam Adani and his nephew Sagar in connection with a civil securities case filed last year. In a June 27 letter submitted to Magistrate Judge James R. Cho of the U.S. District Court for the Eastern District of New York (EDNY), the SEC said it is continuing to pursue formal service of the summons and complaint under the provisions of the Hague Service Convention. The defendants, who are based in India, are yet to be officially served. U.S. SEC has to serve the summons to Adani Group founder and chairman Gautam Adani and his nephew Sagar in the alleged $265 million payoffs to win lucrative renewable power supply contracts through proper diplomatic channels, as it has no jurisdiction to summon a foreign national directly. The SEC originally filed the complaint on November 20, 2024, alleging that two violated U.S. securities laws by making false and misleading statements related to a September 2021 bond offering by Adani Green Energy Limited. According to the SEC, Rule 4 (f) of the Federal Rules of Civil Procedure governs service in foreign jurisdictions and permits the use of international treaties, such as the Hague Convention. The rule does not impose a specific time limit for service, provided reasonable efforts are being made. The Court has asked the SEC to provide a further update by August 11, 2025. The 'defendants are located in India, and the SEC's efforts to serve them are ongoing, including a request for assistance from Indian authorities to effect service under the Hague Service Convention for Service Abroad of Judicial and Extrajudicial Documents in Civil or Commercial Matters', the SEC told the Court. SEC said it had previously requested assistance from India's Ministry of Law and Justice in serving the summons and complaint on Adani in India. 'The SEC also sent Notices of Lawsuit and Requests for Waiver of Service of Summons, including copies of the complaint, directly to defendants and their counsel,' it said. 'The SEC has corresponded with the India MoLJ concerning the efforts of the relevant Indian judicial authorities to serve the Summons and Complaints on Defendants, but the SEC understands that those authorities have not yet effected service,' it added. Gautam Adani (63) and seven other defendants, including his nephew Sagar, who is director at the group's renewable energy unit Adani Green Energy Limited, allegedly agreed to pay about $265 million in bribes to Indian government officials between approximately 2020 and 2024 to obtain lucrative solar energy supply contracts on terms that are expected to yield $2 billion of profit over 20 years, according to an indictment unsealed in a New York court in November last year. Separate from the indictment brought by the U.S. Department of Justice, the U.S. SEC has also charged the two and Cyril Cabanes, an executive of Azure Power Global, for 'conduct arising out of a massive bribery scheme'. The ports-to-energy conglomerate has denied the allegations and said it will seek all possible legal resources. 'The Adani Group has always upheld and is steadfastly committed to maintaining the highest standards of governance, transparency and regulatory compliance across all jurisdictions of its operations. We assure our stakeholders, partners and employees that we are a law-abiding organisation fully compliant with all laws,' they said. An indictment in the U.S. is basically a formal written allegation originating with a prosecutor and issued by a grand jury against a party charged with a crime. A person indicted is given formal notice to reply. That person or persons can then hire a defence lawyer to defend. Prosecutors said the investigation started in 2022 and found the inquiry obstructed. They allege that the Adani Group raised $2 billion in loans and bonds, including from U.S. firms, on the backs of false and misleading statements related to the firm's anti-bribery practices and policies, as well as reports of the bribery probe.
