Gautam Adani-led group overtakes Tatas to become India's ‘most valued conglomerate’; Ambani's group stands 3rd

News Network
September 19, 2022

The Adani group of firms' overall market capitalisation on the BSE at over ₹ 22 lakh crore makes it the most valued in India, overtaking the Tata-led conglomerate.

Based on Friday's close, the market valuation of all BSE listed stocks of Adani Group, totalling nine firms, including the recently acquired Ambuja cement and ACC LTD, stood at over ₹ 22 lakh crore, surpassing 27 of Tata Group of firms listed with a market capitalisation (market cap) of more than ₹ 20 lakh crore.

Mukesh Ambani's group of nine companies stood third on the list with a market capitalisation of more than ₹ 17 lakh crore.

That reflects a broader run-up in Adani stock, which pushed Gautam Adani to become the third richest in the world on the Forbes list of billionaires, overtaking Amazon founder Jeff Bezos, and behind Elon Musk and Louis Vitton's Bernard Arnault.

While Mr Adani, with a net valuation of  $154.7 billion currently, briefly surpassed Louis Vitton's Bernard Arnault, a bloodbath in domestic stocks on Friday pushed him back to No. 3 on the Real-Time Billionaires List compiled by Forbes.

That is largely driven by the wealth erosion of American billionaires from the recent market crash on expectations for a very aggressive Federal Reserve after a red-hot inflation reading.

Still, Elon Musk remains the richest person, with a net worth of $273.5 billion.

Gautam Adani's rise in wealth is also more a measure of a jump in the valuation of stocks rather than the result of a rise in fundamentals, such as earnings and growth, with many of the entities' shares controlled by him rising sharply.

Still, Gautam Adani's ascent, by about any measure, has been nothing short of remarkable.

First, he became the richest person in Asia. Then his net worth surpassed those of Warren Buffett and Bill Gates. Now he's fast approaching a level of wealth only rivalled by Louis Vitton's Bernard Arnault and Elon Musk.

The market valuation of the Adani Group of firms is more spread across entities, while one or two large entities form the majority of Tatas and Reliance's market cap.

The Adani Group, which consists of seven publicly listed companies in the infrastructure, mining, energy, and other industries, is led by Mr Adani, a first-generation entrepreneur.

A rapid diversification spree has pushed his vast, largely fossil-fuel driven conglomerate into a raft of new sectors in and outside of India, and Mr Adani is seeking to reinvent himself for the global stage.

Adani Enterprises has made significant investments in emerging industries over the past five years, including airports, cement, copper refining, data centres, green hydrogen, petrochemical refining, roadways, and solar cell production.

Adani group became the second-largest cement maker in the country after completing its acquisition of Ambuja Cements and ACC on Friday. The group had no cement-making operations previously but had said the firms were a good fit given its ports and logistics, energy and real estate businesses.

Adani Group has big intentions to expand its green hydrogen and airport operations and enter the telecom industry. It has also pledged to invest $70 billion in infrastructure for renewable energy.

A separate report showed Adani Wilmar is scouting for local and overseas acquisition targets as Asia's richest man doubles down on boosting his empire's food operations.

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News Network
February 3,2026

manjeshwar.jpg

Kasaragod: An 18-year-old girl was stabbed to death at Thuminad in Manjeshwar panchayat on Monday, allegedly by her father following a domestic dispute. 

The victim has been identified as K U Mariyamath Jumaila. Her father, Umar Farooq, has been taken into police custody, Manjeshwar Station House Officer Inspector Ajith Kumar P said.

According to the police, Umar Farooq had been working in a West Asian country and returned home about three months ago. 

Family tensions reportedly escalated after his wife, Thahira (41), decided to seek a divorce and asked him to leave her life. Kasaragod district panchayat member Harshad Vorkady alleged that Umer was addicted to marijuana and frequently caused disturbances at home.

On Monday, Thahira asked Umar to come to her sister’s house in Thuminad to discuss the dispute. Jumaila accompanied her mother. 

Manjeshwar panchayat member Illiyas Thuminad said Umar arrived along with his brother, following which Thahira handed over gold ornaments and property documents to him and asked him to sever ties with her.

However, the police said a property dispute had been ongoing between Umar Farooq and his sister-in-law’s husband. During a heated argument, Umar allegedly attempted to attack the man with a sharp weapon. When Jumaila intervened to stop the assault, she was stabbed in the neck.

The teenager collapsed after bleeding profusely and was rushed to a private hospital in Mangaluru, where doctors declared her dead. Her body was later shifted to Mangalpady Taluk Hospital for post-mortem examination.

Jumaila was a former student of Sirajul Huda English Medium Higher Secondary School, Manjeshwar. 

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News Network
February 1,2026

Bengaluru: Karnataka Deputy Chief Minister D K Shivakumar on Sunday criticised the Union Budget presented by Finance Minister Nirmala Sitharaman, claiming it offered no tangible benefit to the state.

Though he said he was yet to study the budget in detail, Shivakumar asserted that Karnataka had gained little from it. “There is no benefit for our state from the central budget. I was observing it. They have now named a programme after Mahatma Gandhi, after repealing the MGNREGA Act that was named after him,” he said.

Speaking to reporters here, the Deputy Chief Minister demanded the restoration of MGNREGA, and made it clear that the newly enacted rural employment scheme — VB-G RAM G — which proposes a 60:40 fund-sharing formula between the Centre and the states, would not be implemented in Karnataka.

“I don’t see any major share for our state in this budget,” he added.

Shivakumar, who also holds charge of Bengaluru development, said there were high expectations for the city from the Union Budget. “The Prime Minister calls Bengaluru a ‘global city’, but what has the Centre done for it?” he asked.

He also drew attention to the problems faced by sugar factories, particularly those in the cooperative sector, alleging a lack of timely decisions and support from the central government.

Noting that the Centre has the authority to fix the minimum support price (MSP) for agricultural produce, Shivakumar said the Union government must take concrete steps to protect farmers’ interests.

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News Network
February 3,2026

Bengaluru: Following reports of fresh Nipah virus (NiV) cases in West Bengal and heightened vigilance across parts of Southeast Asia, the Karnataka Health Department has placed the state on high alert and activated emergency preparedness protocols.

Health officials said enhanced surveillance measures have been initiated after two healthcare workers in Barasat, West Bengal, tested positive for the virus earlier this month. While no cases have been reported in Karnataka so far, authorities said the state’s past exposure to Nipah outbreaks and high inter-state mobility warranted preventive action.

Officials have directed district health teams to intensify monitoring, particularly at hospitals and points of entry, and to ensure early detection and isolation of suspected cases.

High Mortality Virus with Multiple Transmission Routes

Nipah virus is a zoonotic disease that can spread from animals to humans and has a reported fatality rate ranging between 60 and 75 per cent. Fruit bats, also known as flying foxes, are the natural reservoirs of the virus and can transmit it by contaminating food sources with saliva or urine.

Known modes of transmission include:

•    Contaminated food: Consumption of fruits partially eaten by bats or raw date-palm sap
•    Animal contact: Exposure to infected pigs or other animals
•    Human-to-human transmission: Close contact with body fluids of infected persons, particularly in healthcare settings

Symptoms and Disease Progression

The incubation period typically ranges from 4 to 14 days, though delayed onset has also been reported. Early symptoms often resemble common viral infections, making prompt clinical suspicion critical.

•    Initial symptoms: Fever, headache, body aches, fatigue, sore throat
•    Progressive symptoms: Drowsiness, disorientation, altered mental state
•    Severe stage: Seizures, neck stiffness and acute encephalitis, which can rapidly progress to coma

Public Health Advisory

The Health Department has issued precautionary guidelines urging the public to adopt risk-avoidance practices to prevent any local spillover.

Do’s
•    Wash fruits thoroughly before consumption
•    Drink boiled and cooled water
•    Use protective equipment while handling livestock
•    Maintain strict hand hygiene

Don’ts
•    Avoid fruits found on the ground or showing bite marks
•    Do not consume beverages made from raw tree sap, including toddy
•    Avoid areas with dense bat populations
•    Do not handle sick or dead animals

Preparedness Measures

Officials confirmed that isolation wards are being readied in major government hospitals and that medical staff are being sensitised to identify early warning signs.

“There is no cause for panic, but there is a need for heightened vigilance,” a senior health official said, adding that there is currently no approved vaccine or specific antiviral treatment for Nipah, and care remains largely supportive.

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