IBCN 2025: Celebrating the Chettiar legacy
Also Read - Adani Group to invest $100 billion over next five years: Gautam Adani Organized by the Nagarathar International Foundation, the 2025 edition is themed 'Enhancing Nagarathar Businesses Through Technology' and aims to honor the storied legacy of the Chettiars, known for their entrepreneurial acumen and philanthropy, while igniting the spirit of innovation in a new generation of community leaders
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Adani group announces $10 bn investment in Vietnam's growing economy
Ahmedabad-based Adani Group has pledged to invest up to $10 billion in Vietnam, marking one of its largest overseas commitments as it eyes strategic expansion across Southeast Asia. Adani Group Chairman Gautam Adani conveyed the group's plans during a meeting with Vietnamese Communist Party General Secretary To Lam in Hanoi on Wednesday, outlining investment opportunities in infrastructure, energy, seaports, airports, logistics, and digital technology. While the group plans to invest a massive $100 billion in India over the next five years, internationally, it has already acquired Haifa Port in Israel in 2023 for $1.15 billion. It has also made significant investments in Australia, including a coal mine and a port project. The group is making its presence felt in Vietnam through a proposed port project in Da Nang. This latest pledge signals Adani's deeper push into the fast-growing Vietnamese economy and aligns with the country's priorities in renewable energy and digital transformation. The Vietnamese leadership welcomed the proposal and encouraged swift coordination between Adani and local authorities to fast-track project execution.
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Bad news for Gautam Adani, his wealth in this sector declines by 7% to Rs…, but he is still third richest individual in…
Gautam Adani's wealth from the real estate sector declined by 7% to Rs 52,320 crore in the year ending June 2025, making him the third-richest individual in the sector, according to a report released on Thursday. Despite the dip, Adani whose key projects include the Dharavi and Motilal Nagar redevelopments in Mumbai is expected to become the wealthiest individual in the real estate sector within the next five years, according to insights from Hurun Research and GROHE based on informal discussions. At present, DLF's Rajiv Singh is the wealthiest on the Grohe-Hurun India Real Estate 150 list with a fortune of Rs 1.27 lakh crore and is followed by BJP leader and Maharashtra minister Mangal Prabhat Lodha with a Rs 92,340 crore wealth. What Hurun India's Report Say On Gautam Adani? 'Adani is very ambitious. Their ambition is to take over from DLF to be at the top in the next five years,' Hurun India's chief researcher and founder Anas Rahman Junaid told reporters. Grohe's leader for India Priya Rustogi also concurred. Adani Realty, which is completely owned by the Adani family, is already the most valuable unlisted real estate company, Rahman said, adding that the researchers use a scientific way to assess wealth across the sector. Lodha's wealth includes only that of his stake in the listed Macrotech Developers and excludes that of his son Abhinandan Lodha, Rahman said. Who Others Are Part Of Hurun India List? The wealth of DLF's Singh grew 3 per cent during the year, while Lodha's was up by a tepid 1 per cent, as per the report. The top-10 individuals' wealth grew in single-digit percentages during the year except Bengaluru-based Raja Bagmane, who witnessed a 29 per cent surge to Rs 25,270 crore, and Atul Ruia's Rs 26,410 crore fortune that was up by 10 per cent. The cumulative value of the 150 companies in the list grew 14 per cent during the year, slowing down from a 70 per cent jump in the last year. Each of the 150 companies is valued at at least at Rs 1,000 crore or above. Valued at Rs 13,600 crore, city-based Schloss Bangalore led by Deepak Parekh, is the youngest company on the list which has notched the valuation within six years, while the 1871-born Peninsula Land is oldest with a valuation of Rs 1,000 crore.
