Mumbai: Reliance CMD Mukesh Ambani and Adani Group chairman Gautam Adani, two of Asia's wealthiest individuals and India's richest billionaires, have both left Bloomberg's $100 billion club for the year due to various business challenges.

The wealthiest people in India, however, saw an increase in their net worth overall. Since January 2024, the top 20 have gained $67.3 billion, with tech mogul Shiv Nadar ($10.8 billion) and Savitri Jindal ($10.1 billion) making the most gains, the report said.

Mukesh Ambani and Gautam Adani are both grappling with challenges that are affecting their business empires and personal wealth. As per the Bloomberg list, Ambani's personal fortune took a hit when the retail and energy divisions of his company underperformed. His wealth which stood at $120.8 billion in July, when his son Anant got married lavishly, dropped to $96.7 billion as of December 13, according to the Bloomberg Billionaire Index (BBI), which has investors worried about rising debt.

The issues are more serious for Adani. A US Department of Justice (DoJ) investigation is threatening his conglomerate and might halt any progress as uncertainty extends. According to the BBI, Adani's net worth dropped from $122.3 billion in June to $82.1 billion as a result of the November probe. Adani has also been hit hard by the Hindenburg Research investigation and allegations of fraud.

According to Bloomberg, Adani and Ambani are thus no longer members of the "elite centibillionaires club," which comprises those with wealth exceeding $100 billion.

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New Delhi (PTI): Prime Minister Narendra Modi will address the nation at around 8 PM tonight, his first since the start of Operation Sindoor, officials said.

The address comes two days after India and Pakistan reached an understanding to stop all firings and military actions on land, air and sea with immediate effect.

The understanding was reached after four days of cross-border strikes that triggered fears of a wider conflict.

Operation Sindoor was launched by India on the intervening night of May 6 and 7 to avenge the killings of 26 people in the Pahalgam terror attack. Indian armed forces targeted nine terror sites in Pakistan and Pakistan-occupied Kashmir, killing over 100 terrorists.

Pakistan then attempted to attack several Indian military bases on May 8, 9 and 10.

The Indian armed forces launched a fierce counter-attack on several Pakistani military installations, including Rafiqui, Murid, Chaklala, Rahim Yar Khan, Sukkur and Chunian.

Radar sites at Pasrur and Sialkot aviation base were also targeted using precision munitions, causing massive damage

Director General of Military Operations (DGMO) Lt Gen Rajiv Ghai has said 35-40 Pakistani military personnel have been killed in the combat and New Delhi achieved its desired objectives.

Ghai is scheduled to speak with his Pakistani counterpart this evening, the second time since Saturday.