Tag: Net

Adani falls off world’s top 20 billionaire list as net worth dips further

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Gautam Adani whose net worth is continuously falling after the release of the Hindenburg report now lost the spot in the world’s top 20 billionaire list.

Today, he lost over Rs 1680 crore as stocks of his group’s companies continue to lose market capitalization.

Most of the group’s stocks are locked in their respective lower circuits. These stocks include Adani Transmission, Adani Green Energy, Adani Wilmar, Adani Power, Adani Total Gas, and NDTV.

Currently, with a net worth of USD 57.5 billion, Adani is at the 22nd spot on the list of billionaires in the world.

Hindenburg effect

It all started after Hindenburg research firm released a report raising concerns about shares of Adani Group companies having a possibility of declining from their current levels, owing to high valuations.

Soon after the release of the report, the stocks of companies belonging to the group started falling.

Though, the group responded to allegations and narrative peddled by the firm in a 400-page response, some of the group’s companies are still witnessing sharp sell-off.

Due to the Hindenburg effect, the net worth of Gautam Adani which was USD 134.2 billion on December 13, 2022, fell to USD 57.5 billion now.

Gap between Gautam Adani and Mukesh Ambani widens

Due continuous fall in the stocks of the group firms, the gap between the net worths of Gautam Adani and Reliance Industries Limited (RIL) chairman Mukesh Ambani is widening for the past two days.

Ambani who once again become the richest person in India on February 1 is currently at the eleventh position in the world’s billionaire list. His net worth is USD 82.4 billion.

No Indian in world’s top 10 billionaire list

After the exit of both Gautam Adani and Mukesh Ambani, no Indian is left in the world’s top 10 billionaire list. Currently, there are eight American and one French, and one Mexican on the list.

Name	Net worth	Country
Bernard Arnault	$217.5 billion	France
Elon Musk	$183.2 billion	United States
Jeff Bezos	$136.0 billion	United States
Larry Ellison	$113.6 billion	United States
Warren Buffett	$108.3 billion	United States
Bill Gates	$106.1 billion	United States
Larry Page	$92.8 billion	United States
Carlos Slim Helu	$90.8 billion	Mexico
Sergey Brin	$88.8 billion	United States
Steve Ballmer	$84.8 billion	United States

The list is topped by Bernard Arnault who is the chairman and CEO of the world’s luxury goods company LVMH. He is a French citizen.

Currently, with a net worth of USD 217.5 billion, he is the only person in the USD 200-billion club.

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( With inputs from www.siasat.com )

February 3, 2023

Australian Team calls J&K’s spin sensation Abid Mushtaq as net bowler

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JAMMU: Adding another feather to his already colourful cap, Abid Mushtaq, a left-arm spinning sensation and hard hitting batter has been called as a net bowler for the Australian Team for Test Series against India. His genuine all-round talent finds recognition at the highest level. Possibly a stepping stone for the national team. He will join the team at Bengaluru on Feb 2, 2023.
This extraordinary talented cricketer, who unfortunately failed to make it to the Indian Premier League (IPL) this season scalped 32 wickets in Ranji Trophy this season while representing Jammu and Kashmir in this prestigious tournament, with 8/18 against formidable Vidarbha as his best, which is the second best in the country. With 29.00 as his bowling strike rate, he stands 4th in the entire country and with 14.38 as his bowling average, Abid is among the top ten in India.
He was brilliant with the ball in this season’s Syed Mushtaq Ali T20 and Vijay Hazare One-Dayers in which J&K qualified for the knockout stage.
The best part of Abid’s perMformance is that he took all these wickets against the strong sides like Punjab, Railways, Madhya Pradesh, Vidarbha, Gujarat and Tripura.
Moreover, this die-hard cricketer, a tough customer, who is a hard nut to crack, rather a class act when on song, promising bowling all-rounder, Abid Mushtaq has a good record in First-Class, List-A and T20 Tournaments, being organised by the Board of Control for Cricket in India (BCCI) among all its affiliate units across the country.
He has taken 71 wickets with a magnificent economy rate of 2.91 and an average of 19.6 in his 19 First-Class matches, besides taking 22 wickets in equal number of matches in the T20 format with an economy rate of 6.30 and an average of 20.6. In List-A, Abid has 18 scalps in 23 matches with an economy of 5.21.
As a batter, Abid has scored 577 runs with an average of 23.1 and a strike rate of 92 in his 19 First-Class matches, besides scoring 411 runs with an average of 29.4 and a strike rate of 120.2 in his 23 List-A matches.–(Agencies)

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#Australian #Team #calls #JKs #spin #sensation #Abid #Mushtaq #net #bowler
( With inputs from : roshankashmir.net )

February 1, 2023
Adani loses spot on world’s top 10 billionaire list as net worth dips

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Amid war of words between Adani Group and Hindenburg Research, India’s richest person Gautam Adani lost a spot on the world’s top ten billionaire list as his net worth dipped further on Tuesday.
The stocks of his group companies continued to fall even after detailed responses to the Hindenburg report.
In the report, the research firm raised concerns about shares of Adani group companies having a possibility of declining from their current levels, owing to high valuations.
As per Bloomberg Billionaire Index, the current net worth of Adani is $84.4 billion and he is at the 11th spot on the list of world’s billionaires.
Adani Group responds to Hindenburg report
On Sunday, Adani Group responded to allegations and narrative peddled by Hindenburg Research in a 400-page response.
It also raises questions about the ulterior motives and modus operandi of Hindenburg which has conveniently ignored the Indian judiciary and regulatory framework.
The group also alleged that the report by the research firm was not an attack on any specific company but a “calculated attack” on India, its growth story, and ambitions.
Replying to the claim that it is a ‘calculated attack’ on India, Hindenburg Research tweeted, ‘Fraud Cannot Be Obfuscated By Nationalism Or A Bloated Response That Ignores Every Key Allegation We Raised’.

Our Reply To Adani:
Fraud Cannot Be Obfuscated By Nationalism Or A Bloated Response That Ignores Every Key Allegation We Raisedhttps://t.co/ohNAX90BDf
— Hindenburg Research (@HindenburgRes) January 30, 2023
Adani loses spot on world’s top ten billionaire list as net worth dipped
As per the index, Gautam Adani’s net worth dipped by over USD 39 billion in less than 15 days. His net worth was USD 124 billion on January 17 and currently, it is USD 84.4 billion. Due the dip, he lost spot on world’s top ten billionaire list.
Though he continued to be the richest person in India, the gap between him and RIL chairman Mukesh Ambani narrowed.
The current net worth of Ambani is USD 82.2 billion.
Abu Dhabi-based IHC to invest in Adani Enterprises’ FPO
Amid ongoing controversy over the firm report, International Holding Company, an Abu Dhabi-based diversified conglomerate, on Monday announced that it will invest about USD 400 million (AED 1.4 billion) into the Adani Enterprises’ follow-on public offer (FPO) through its subsidiary Green Transmission Investment Holding RSC Limited.
The Adani Group company’s FPO opened for subscription on January 27 and will continue till January 31.
Adani Enterprises had filed a red herring prospectus with the markets regulator Securities and Exchange Board of India (SEBI) for the Rs 20,000 crore follow-on public offer (FPO).

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( With inputs from www.siasat.com )

January 31, 2023
Adani loses spot on world’s top five billionaire list as net worth dips

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India’s richest person Gautam Adani lost a spot on the list of the world’s top five billionaires after his net worth dipped by USD 20.1 billion today.
On Friday, Adani group stocks continue to fall after Hindenburg Research said it fully stands by its report and believes any “legal action taken against us would be meritless”.
“Regarding the company’s threats of legal action, to be clear, we would welcome it. We fully stand by our report and believe any legal action taken against us would be meritless,” said Hindenburg Research in a statement that was posted on its official Twitter handle.
What did Hindenburg Research claim about the group?
Hindenburg Research report accused firms owned by Gautam Adani of market manipulation and accounting fraud.
Following the accusation, Adani Group said it is mulling legal options in the US and India against the investment research firm.
Jatin Jalundhwala, Group Head – Legal, Adani Group, in a statement, said, “The maliciously mischievous, unresearched report published by Hindenburg Research on 24 January 2023 has adversely affected the Adani Group, our shareholders and investors.”
“We (the Group) are evaluating the relevant provisions under US and Indian laws for remedial and punitive action against Hindenburg Research,” Jalundhwala said.
Net worth of Adani dipped by over 16 percent
Gautam Adani on Friday become poorer by USD 20.1 billion after his net worth dipped by 16.88 percent. Apart from losing a spot in the top five billionaire list, he is no longer in the USD 100-billion club.

After a dip in his net worth, he slipped from fourth to seventh spot on the list in a day. However, he continues to be the richest person in India.
In the last two years, Adani’s net worth climbed from USD 8.9 billion in 2020 to USD 99.1 billion now.
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( With inputs from www.siasat.com )

January 27, 2023
Tesla sales up 51% in 2022, net income doubles amid Musk’s Twitter saga

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San Francisco: Despite a rocky takeover of Twitter which saw Tesla stock tumbling by over 60 per cent, Elon Musk-in Tesla made more money than ever in 2022, as total revenue grew 51 per cent to $81.5 billion and net income more than doubled to $12.6 billion.
In the fourth quarter (Q4) of 2022, the company beat Wall Street revenue estimates, registering $24.3 billion in revenue, a 37 per cent increase from the same quarter last year, and earned $3.7 billion in net income.
“As we progress into 2023, we know that there are questions about the near-term impact of an uncertain macroeconomic environment, and in particular, with rising interest rates,” said the company.
“In the near term we are accelerating our cost reduction roadmap and driving towards higher production rates, while staying focused on executing against the next phase of our roadmap,” it added.
Tesla said it is prepared for short-term uncertainty, while being focused on the long-term potential of autonomy, electrification and energy solutions.
Tesla said it delivered 405,278 vehicles to customers in the October-December quarter, and 1.3 million vehicles for the entire 2022.
“Our relentless cost control and cost innovation is why we believe that no other OEM is better equipped to navigate through 2023, and ultimately succeed in the long run,” it added.
The Model Y production line in Austin, Texas, produced over 3,000 vehicles in a week towards the end of Q4.

“Production and delivery challenges in 2022 were largely concentrated in China Since our Shanghai factory has been successfully running near full capacity for several months, we do not expect meaningful sequential volume increases in the near term,” said the company.
The Model Y production line in Germany produced over 3,000 vehicles in a week towards the end of Q4.
“We have now released FSD Beta to nearly all customers in the US and Canada who bought FSD (approximately 400,000). This is an important milestone for our company,” Tesla added.
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#Tesla #sales #net #income #doubles #Musks #Twitter #saga
( With inputs from www.siasat.com )

January 26, 2023
Check out Vijay Deverakonda’s massive net worth

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Hyderabad: Vijay Deverakonda is currently one of the biggest names in the Telugu film industry. The actor burst into stardom following a humongous success of Arjun Reddy where he played a lovelorn doctor with anger management issues.
Following its grand success, Vijay Deverakonda has done plenty more things to win over the hearts of the masses. His swagger activity on social media be it his uber cool show of his fashion quotient or heartwarming regards to his fans, the actor seems to be doing it all just right.
The Liger is making the headlines once again and this time not for the movie but for turning sportpreneur and will be the Hyderabad BlackHawks volleyball team’s new co-owner.
Taking to his Instagram to make the announcement, Deverakonda said: “I bought part of a sports team: Hyderabad Blackhawk’s. A deadly fierce team! So happy to be part of this beautiful, pacy, explosive sport — Volleyball. We hope to make the Telugu states proud and win the Prime Volleyball League’s 2023 season.”
According to reports, the actor has spent a whopping amount of Rs 160 crore to get the shares in the team.
This is not the first venture of the liger star as his investments are in Hill Entertainment which is a production company and a clothing line called Rowdy Wear. And now, his net worth has become the talking point for his fans considering all his above mentioned big investments.
Vijay Deverakonda Net Worth
According to multiple reports, Vijay’s net worth is estimated to be over Rs. 55 crore, all of which can be attributed to his career as a film actor. He also endorses for a few brands, which adds to his income.
The actor charges more than Rs 12 crore as his remuneration per movie. However, he is said to have charged Rs. 35 crores as remuneration for his last pan-India film ‘Liger’.

On the work front, Vijay Deverakonda is currently working on his upcoming Tollywood movie Jana Gana Mana directed by Puri Jagannadh. He also has Kushi which is written and directed by Shiva Nirvana and the female lead of the film is Samantha Ruth Prabhu.

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( With inputs from www.siasat.com )

January 25, 2023
DearJoy Baby Bedding Set/Baby Bedding Mattress Set with Mosquito Net/Baby Bed Set and Baby Play Gym with Mosquito Net (Pink Bunny Print)

Price: [price_with_discount]
(as of [price_update_date] – Details)

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A must product for every new born baby between 0 to 6 months (Boys and Girls). This play gym comes loaded with colorful toys for your baby. Soft and safe, it helps your babies to start identifying colors and objects. During lay & play time, hanging activity toys encourage teeny-tiny ones to reach, bat & play! Lower the toys or move them to the soft mat to encourage the baby to push up for tummy time fun! It keeps your child occupied and helps them in developing an early response system. Babies exposed to beautiful and joyful colors are happy babies and DearJoy believes in spreading happiness!
These products are constructed of sturdy, pre-tested material, so they are kid tough
Easy to fold, store and wash
Loaded with colorful toys, re-position able panel with tactile play
Size: 70 X 60 X 60 cm

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January 24, 2023
Vistara reports net profit, crosses $1bn revenue mark in FY23

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New Delhi: Vistara, a joint venture of Tata Sons and Singapore Airlines, has reported a net profit (excluding unrealized foreign currency loss and non-operating income) for the quarter that ended December 2022.
The airline crossed the $1 billion revenue mark and remained EBITDA positive in the current fiscal year and reported break-even for the first time in the quarter.
Vistara on Monday said that it delivered remarkable results for the first time since its inception in 2013.
The airline achieved its highest-ever domestic market share of 10.4 percent in July 2022 and maintained its position as the second-largest domestic airline in India since then, flying more than 11 million passengers in the calendar year 2022.
Vistara also registered an 11 percent year-on-year growth in the member base for its frequent flyer program, Club Vistara.
Vistara grew its international network by over 180 percent in 2022, by adding seven additional routes including three new destinations (Jeddah, Abu Dhabi, and Muscat).
It also grew its domestic network by over 50 percent, by adding six new routes including two new destinations (Coimbatore and Jaipur).
For the quarter that ended December 2022, the airline grew its capacity by 37 percent and passengers by 47 percent compared to the same period last year.

The airline recorded the second-highest on-time performance at four key metros and over 85 percent domestic load factor for most of the year in 2022.
This year, Vistara became the only Indian airline to be featured in Skytrax’s list of the World’s Top 20 airlines.
The airline currently has over 5,000 employees and operates close to 8,500 flights per month.
Vinod Kannan, Chief Executive Officer, of Vistara, said: “With significant network and fleet expansion and sustained growth over the last few months, 2022 has been a phenomenal year for Vistara in terms of our operational and financial performance. Each member of the Vistara family is incredibly proud of our collective achievements in an extremely challenging business environment that included the third wave of the pandemic and escalating costs. We are now aiming for higher goals as we enter the next phase of our growth journey.”
Vistara has augmented its operations from its hubs in Delhi and Mumbai and currently operates more than 75 and 50 daily domestic departures from the two cities, respectively.
With the delivery of 10 aircraft and the re-delivery of eight aircraft, the airline expanded its fleet size to 53 in 2022, said the airline.
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#Vistara #reports #net #profit #crosses #1bn #revenue #mark #FY23
( With inputs from www.siasat.com )

January 23, 2023
SATYAM KRAFT 3 Pcs Multipurpose Decorative Box Net Rectangle Cardboard Box DIY Tray for Gift Hamper, Gifting, Decorative Chocolate Packing Boxes and Decoration Purpose (3 Box)

Price: [price_with_discount]
(as of [price_update_date] – Details)

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Box With Carving On It For Storage Like Jewellery, Art Set. Best For Decoration And Storage. MDF Material Used. Satyam Kraft Is Register Under Copy Right ,Govt Of India .Infringement In Its Product Is Deemed For Legal Prosecution, Note Book Shape Gives A Perfect Gifting Look And Makes Best For Art And Crafting Need
DIMENSION OF TRAY : 35cm x 25cm x 5 cm
USED AS : Beautiful Handmade tray for dining, storage. Home Decor, or as a Gift The beautiful and traditional hand Made tray for home decor. The Royal tray is designed with beautiful antique finish. It is an ideal gift for your friends and relatives.
IDEAL FOR : Great for entertaining, present for mom, house warming gift, birthday present, christmas gift, cookouts, holidays
BEST FOR : Perfect gift for Mother’s Day, to friends, families for wedding, party, anniversary, ceremony, home. Perfect for Krishna Janmastami, Ganesh Chaturthi, Navratri, Diwali, Ganpati mandap Decoration, independence Day, Christmas, Guru Purnima, valentines day decor, Raksha Bandhan, Dussehra.

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November 26, 2022