Business
Coal magnate Gautam Adani surpasses Mukesh Ambani as Asia’s richest person
Indian billionaire Gautam Adani, who turned a small commodities trading business into a conglomerate spanning ports, mines and green energy, is now Asia’s richest man.
The 59-year-old tycoon’s net worth reached $88.5 billion on Monday, surpassing compatriot Mukesh Ambani’s $87.9 billion, according to the Bloomberg Billionaires Index. Adani’s personal wealth rose by nearly $12 billion, making him the world’s biggest gainer this year.
The coal giant – whose controversial Australian mine project has come under fire from climate activists including Greta Thunberg – is increasingly looking beyond fossil fuels to expand. He is moving into renewable energy, airports, data centres and defence contracting – priorities that Prime Minister Narendra Modi also sees as critical to nation building and achieving the country’s long-term economic goals.
Deepak Jasani, head of retail research at Mumbai-based brokerage HDFC Securities Ltd., said: “Adani Group discovered and entered all the industries that were going on at the right time, which attracted a select batch of foreign investment. Portfolio investors.” These industries are capital-intensive, and companies have little difficulty raising capital to expand. “
Some of Adani Group’s listed shares have surged more than 600% in the past two years as he bets his push for green energy and infrastructure will pay off as Modi looks to revive the $2.9 trillion economy and get it ready by 2070. Achieving India’s net-zero carbon target by 2020. MSCI Inc.’s decision to include more Adani companies in its India benchmark index also means any fund tracking the index will have to buy the shares.
While 2020 was the year of Ambani — his oil and petrochemical conglomerate Reliance Industries Ltd. made a billion-dollar fortune by bringing in Facebook and Google Inc. as tech hubs for investors — the pendulum has since turned in Adani’s favor.
Two Indian billionaires — both of whom built their empires on fossil fuels or coal — are now pushing ahead with green energy projects. Ambani has pledged to spend $10 billion over the next three years as part of a $76 billion renewable energy spending plan. Adani has pledged to invest $70 billion by 2030 to help his group become the world’s largest renewable energy producer.
Companies including Total SE and Warburg Pincus LLC have invested in Adani’s company in 2021. However, the French oil major agreed in January 2021 to buy a 20% stake in Adani Green Energy Ltd. and a 50% stake in an Indian partner’s operating solar portfolio. Great discount. The deal was valued at just $2.5 billion, when Adanigreen was valued at $20 billion.
In March 2021, Warburg said it would invest $110 million in exchange for a roughly 0.5 percent stake in Adani Ports and Special Economic Zone Ltd.
Complete News Source : Business Standard
Lifestyle
10 best activities hacks for the better lifestyle for Business Managers.
Table of Contents
Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
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