Try GOLD - Free
Ambani reclaims title of India's richest man from Adani
The Business Guardian
|October 11, 2023
Mukesh Ambani, the chairman of Reliance Industries, has surpassed Gautam Adani to claim the title of the richest Indian, according to the 360 ONE Wealth Hurun India Rich List 2023.
-
Ambani’s wealth has seen a modest 2% increase, reaching Rs 8.08 lakh crore, while Adani’s fortune plummeted by 57% to Rs 4.74 lakh crore. This significant shift in rankings is attributed to a Hindenburg report published in January, which led to a sharp decline in Adani Group stocks and subsequent wealth erosion.
This story is from the October 11, 2023 edition of The Business Guardian.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Business Guardian
The Business Guardian
Goyal assures India will get zero duty access on textile products
Commerce Minister Piyush Goyal on Saturday reiterated that India too would get zero export duty access for garments for which cotton yarn is imported from the US, similar to Bangladesh.
1 mins
February 15, 2026
The Business Guardian
India's AI ambitions rooted in intent to build truly inclusive ecosystem
Artificial Intelligence (AI) is a general-purpose technology whose true value lies in the breadth of its societal impact, said S Krishnan, Secretary of the Ministry of Electronics and Information Technology.
1 mins
February 15, 2026
The Business Guardian
Govt clears strategic rail-cum-road tunnel under river Brahmaputra
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, yesterday has approved the construction of a 4-lane access-controlled greenfield connectivity from Gohpur on NH-15 to Numaligarh on 715 section, including 15.79 Km of Road cum Rail Tunnel under the River Brahmaputra.
2 mins
February 15, 2026
The Business Guardian
Trade deals a game changer for India's progress'
Today, nearly 70 per cent of global trade markets are open to India, where preferential access has been ensured through Free Trade Agreements (FTAs).
2 mins
February 15, 2026
The Business Guardian
Cabinet approves Rs 1 lakh crore fund to overhaul Indian cities
The Union Cabinet, led by Prime Minister Narendra Modi, has approved the launch of the Urban Challenge Fund (UCF) to modernise India's cities through a market-driven approach.
1 mins
February 15, 2026
The Business Guardian
INDIA'S CAPITALISM GAP: GROWTH WITHOUT A BROAD ECONOMIC BASE
India's fast economic growth is threatened by weak job creation, a narrow tax base and persistent informality.
3 mins
February 15, 2026
The Business Guardian
India's AI ambitions rooted...
In less than 24 months, India Al Mission has set up a foundation for the development of the Al ecosystem in the country:
1 min
February 15, 2026
The Business Guardian
Cabinet approves Rs 1 lakh...
Funding will be released in stages and will be strictly linked to whether the city meets specific reform goals and project milestones.
1 min
February 15, 2026
The Business Guardian
PINE LABS RESETS VALUATION, POSTS PROFIT TURNAROUND AFTER IPO
Pine Labs is a home grown merchant commerce and payments technology platform focusing on enabling digital transactions and commerce for merchants, brands, enterprises and financial institutions.
3 mins
February 15, 2026
The Business Guardian
WENDY'S TO SHUT MANY U.S. OUTLETS AFTER WEAK Q4
Wendy’s is closing several hundred U.S. restaurants and increasing its focus on value after a weaker-than-expected fourth quarter.
1 mins
February 15, 2026
Translate
Change font size