Thursday, July 7, 2022
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Asia

Gautam Adani not Asia’s 2nd richest any more after stock market rout

MtR by MtR
June 19, 2021
in Asia
0




Suffering a rout in the stock markets this week, Adani Group Chairman Gautam Adani has lost the coveted tag of being Asias second richest billionaire.

Related articles

Japan could be about to surprise markets with monetary policy

July 7, 2022

China's cities offer evictees sweeteners to boost housing market – Nikkei Asia

July 6, 2022


Adani has lost over $12 billion in just four days after concerns over FPI ownership.





Adani’s net worth has come down to $62.7 billion from $74.9 billion at the beginning of this week, according to Forbes Real Time Billionaires index.


Chinese pharmaceutical magnet Zhong Shanshan has reclaimed his position of Asia’s second richest man after Reliance Industries Chairman Mukesh Ambani.


Shanshan’s wealth stood at $68.9 billion while Ambani’s was at $85.6 billion in the rich list.


Shares of Adani Enterprises, Adani Power, Adani Total Gas, Adani Transmission, Adani Ports and Adani Green Energy started falling on Monday after reports on FPI ownership.


Adani’s lost almost $12 billion in four days, according to the Forbes Real-Time Billionaires list, which tracks the wealth of the world’s richest people. At the beginning of the week, Adani’s net worth was just above $77 billion.


–IANS


san/in

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor





Source link

Related Posts

Japan could be about to surprise markets with monetary policy

by MtR
July 7, 2022
0

Japan's national flag flies atop the Bank of Japan building on November 12, 2019 in Tokyo, Japan.Tomohiro Ohsumi | Getty...

China's cities offer evictees sweeteners to boost housing market – Nikkei Asia

by MtR
July 6, 2022
0

China's cities offer evictees sweeteners to boost housing market  Nikkei Asia Source link

Oil From US Strategic Reserve Went to Asia, Europe As Gas Prices Leapt

by MtR
July 6, 2022
0

More than 5 million barrels of oil from the US Strategic Petroleum Reserve were exported to Asia and Europe last...

Asia Pacific Solar Power Equipment Market Forecast Report to 2027: Increased Demand for Clean and Renewable Energy, Rapid Urbanization, Industrialization and Economic Growth Drive Demand – ResearchAndMarkets.com

by MtR
July 6, 2022
0

DUBLIN--(BUSINESS WIRE)--The "Asia Pacific Solar Power Equipment Market Size, Share & Industry Trends Analysis Report By Equipment, By Application, By...

Sensex rises 250 points, Nifty above 15,850; Asian Paints gains 3% – Economic Times

by MtR
July 6, 2022
0

Sensex rises 250 points, Nifty above 15,850; Asian Paints gains 3%  Economic Times Source link

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
Fed tapering and emerging markets

Fed tapering and emerging markets

June 7, 2021
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Stocks in the doldrums as euro founders on recession fears

July 7, 2022

FMA Proposes Guidance for Advising on IPOs, Listed Equity

July 7, 2022

Defendants Secure Motion to Dismiss Victories in Three Post-Hughes Decisions | Proskauer – Employee Benefits & Executive Compensation Blog

July 7, 2022

Some Could Turn to Tech-Heavy Growth ETFs in a Recession

July 7, 2022

Recent News

Stocks in the doldrums as euro founders on recession fears

July 7, 2022

FMA Proposes Guidance for Advising on IPOs, Listed Equity

July 7, 2022

Defendants Secure Motion to Dismiss Victories in Three Post-Hughes Decisions | Proskauer – Employee Benefits & Executive Compensation Blog

July 7, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter