Gautam Adani overtakes Mukesh Ambani, back to the top as Asia's richest person
New Delhi: Indian billionaire Gautam Adani regained his position as the wealthiest person in Asia, overtaking Indian entrepreneur Mukesh Ambani, within a few days of the Supreme Court declaring that new investigations were not needed in relation to the allegations made by Hindenburg Research against Adani.
The chairperson of the Adani Group saw his net worth shoot up by $7.7 billion in a day and reaching $97.6 billion, as per the data provided by Bloomberg Billionaires Index. Mukesh Ambani, who is chairperson of the Reliance Industries Ltd, trails at a close second richest person in Asia, with his net worth being $97 billion. At international level too, Adani and Ambani stand at the 12th and 13th positions as the wealthiest persons, respectively.
Adani had a rough ride through 2023 thanks to the Hindenburg Research allegations of fraud in business, with his company losing more than $150 billion in market value at a point, in spite of strongly denying the allegations against him. The billionaire, who had to work hard at winning back investors and lenders, repaying his debts and assuaging regulatory concerns, got a breather with the Supreme Court of India's order this week to the Securities and Exchange Board of India (SEBI) to complete its probe into two pending cases against the Adani Group within three months, stating that no more probes were needed in the matter.
Ever since the apex court order, Adani, who had what was considered the world's largest loss in wealth for 2023, has regained $13.3 billion. His conglomerate has returned to expanding his work in the business field to data centres, artificial intelligence, urban development, airports and media.
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Akola hottest in India at 46.9 deg C; Vidarbha under grip of heat wave
Nagpur (PTI): Akola in Maharashtra has recorded the highest temperature in the country at 46.9°C, while Nagpur and several other parts of Vidarbha reeled under a severe heat wave, MeT officials said on Monday.
Heat wave conditions are expected to persist across parts of the state's Vidarbha region till Tuesday, as maximum temperatures may reach 45 to 46 degrees Celsius and touch 47 degrees Celsius at isolated locations, they said.
On Sunday, Akola recorded 46.9 degrees Celsius, the highest temperature in the country, followed by Amravati at 46.8 degrees Celsius, according to the India Meteorological Department's Regional Meteorological Centre (RMC) in Nagpur.
Wardha sizzled at 46.4 degrees Celsius, Yavatmal logged 46 degrees Celsius, Nagpur scorched at 45.4 degrees Celsius, while Chandrapur recorded 45 degrees Celsius, as per the data.
Akola, Amravati, Wardha, Yavatmal, Chandrapur and Nagpur experienced heat wave conditions, while several other districts reported above-normal temperatures, RMC scientist Dr Praveen Kumar told PTI.
The prevailing above-normal and persistently high temperatures over Vidarbha can be attributed to an anticyclonic circulation over Maharashtra and adjoining areas. At the same time, hot and dry northwesterly winds have been continuously affecting the region, he said.
In addition, weak western disturbances and the absence of moisture incursion or any significant weather systems have contributed to the intensification of heat over the region, the official said.
As per the Met department, heat wave conditions are likely to continue at a few or isolated places over the region till Tuesday.
The IMD has issued an 'orange' alert for Akola, Amravati and Wardha and a 'yellow' alert for Nagpur, Chandrapur and Yavatmal for Tuesday, saying that the maximum temperatures are likely to reach 45 to 46 deg C and possibly up to 47 deg C at isolated locations.
A relief from the heat wave is expected thereafter and the mercury is likely to dip by 2 to 3 deg C, with the possibility of rainfall and gusty winds in the coming days, it added.
The IMD grades the severity of any weather system through colour-coded alerts – green (no warning), yellow (be aware), orange (be prepared) and red (take action).
