Newsmen Business Desk

According to the Bloomberg Billionaires Index, Adani's wealth has dropped to $84.4 billion, leaving him in 11th place. The steep decline in Adani's fortune can be attributed to the recent report by Hindenburg Research, a New York-based short-seller. The report, which was released last week, accuses Adani and his companies of various fraudulent activities, stock manipulation, and malpractices. Adani Group, however, has rejected all such allegations.

"Presently there is a situation that's emerging and we are not sure what is the factual position ... Since we are a large investor we have the right to ask relevant questions and we will definitely engage with them," LIC Managing Director Raj Kumar was quoted as saying by Reuters.

The announcement of the expansion was made on Tuesday by Nevada Governor, Joe Lombardo, after he met with Tesla CEO, Elon Musk. In a tweet, Lombardo said, "This is an incredible investment in our state." The White House also issued a statement, hailing the expansion as proof of a continued "manufacturing boom" since President Joe Biden took office two years ago.

This was slightly higher than the market expectation of 2.6% and followed the 3.2% growth recorded in the previous quarter.  The BEA attributed the increase in real GDP to a variety of factors, including an increase in private inventory investment, consumer spending, and government spending. 

Nigam further stated that the challenges for startups shifting domicile to India are high, and that the move resulted in a loss of approximately $900 million dollars of accumulated losses, as it is treated as a restructuring event. Nigam also stated that at least 20 existing unicorns have expressed interest in shifting domicile to India if regulations become easier.

The resignation will be placed before the Committee of Creditors, as per the Insolvency and Bankruptcy Code, 2016. The resolution professional of Future Retail received the intimation through an e-mail on January 24, 2023. Biyani has "tendered a letter of his resignation from the position of the 'Executive Chairman and Director' of the Company," said Future Retail in a regulatory filing.

Alain started his career by working as an intern at Mot & Chandon and worked hard to build his career. In the year 1970, he got the chairmanship from his father Jacques Wertheimer and started to work for the growth of the company while both brothers got the inheritance of the company.

Dietrich started his career working under Unilever in marketing detergents and after some time, he went to Blendax a Germen cosmetics company where he did marketing of Blendax toothpaste. While working in Blendax he met Chaleo Yoovidhya who had founded Krating Daeng an energy drink and partnered with him in founding Red Bull GmbH in 1984.

Kenneth was interested in business from his college time but his career began when he started to work with the founder of Glenwood Capital Investments Frank Meyer. He worked hard and showed his efforts towards his work. With his hard work and dedication, in the year 1990, Griffin founded Citadel LLC which was named as Wellington Financial Group with the money earned from his previous company.

Ortega started his career with working in shop of local shirtmaker called Gala and from there he learned making clothes by hand. In 1960 he started a clothing industry and worked hard for developing his designs. He and his wife Rosalia used to make clothes at home and earned money. With the help of this money, they were able to open a small factory to sell the Clothes.

In 2022, according to the preliminary data, India sold at least 4.25 million new vehicles compared to 4.2 million sold in Japan. India's sales volume will further increase with the inclusion of upcoming commercial vehicle Q4 sales data from Tata Motors and other manufacturers.

Zhang started his career by working as an engineer in a travel website Kuxun but in 2008, he left the job and started working in Microsoft. After some time, Yiming left the job and in the year 2009, he started a real estate search engine with Liang Rubo named as 99fang.com., and work hard for developing the application and on 13 March 2012 they founded Bytedance.

Ma Huateng started his career with China Motion Telecom Development as a in charge of developing software for pagers and after that he worked for Shenzhen Runxun Communications Co. Ltd. In the Year 1998 Huateng co-founded Tencent company along with his classmates.

Donahoe started his career with lots of struggle as at the starting, he worked in Schlitz beer distribution company which was owned by his friend’s Father and joined the International Brotherhood of Teamsters. After that he worked in Brain & Company as an associate consultant and then in the year 1999, Donahoe was appointed as the president and CEO of this Company.

Narendran started his career by joining Tata Steel Company in 1988 and worked in International Trading division for 6 years out of which he spent 5 years in Dubai. From the year 1997 till 2001, Narendran worked in marketing and sales division of the company and worked hard for the development of different projects of the company.

Kushal is an ex-army officer, he was selected in the Indian Army by British Officers Services Selection Board, UK. Later in 1951, he was commissioned into the Deccan Horse but left army in year 1961 and joined DLF Limited. He has also worked with American Universal Electric Company and in the year 1979 after its merger with DLF Universal Limited, Kushal was appointed as the managing director.

Subrahmanyan started his career in 1984 by joining the Larsen & Toubro ECC division and worked with the leaders of the company like former joint MD Cheyur Ramaswamy Ramakrishnan, former president and Deputy MD A Ramakrishna and Former President, ECC K V Rangaswami. S.N. Subrahmanyan worked hard and put his heart in his efforts.

Huang started by working as Director at LSI Logic and after that he joined as microprocessor designer at Advanced Micro Devices Inc (AMD). Jensen, with his effort and hard work, Co-founded Nvidia Corporation with his partners Curtis Priem and Chris Malachowsky in 1993.

Chandrasekaran Started his career by working as an intern in Tata Consulting Services in year 1987 and with his hard work he climbed up in the company. He became the COO (Chief operating officer) in 2007 and in 2009 got the position of CEO (Chief Executive Officer) in the Tata Consulting Services.

Gurnani started his career with hard work and joined Tech Mahindra in November 2004, when the company was known as Mahindra British Telecom. In his 35 years of career span, he has worked with HCL, Hewlett Packard Limited, Perot Systems (India)Limited and HCL Corporation Ltd at leading positions.

Gupta started his carrier in 1992 by joining his father’s Company and served as a non-executive director. He has supported his father for Constant 22 Years before acquiring this Position and worked hard in the business which led Havells acquisition of the European lighting company Sylvania and restructured as Havells Sylvania.

Shanghvi started by helping his father in his business, which was a wholesale dealership of medicines, mainly generic drugs, in Kolkata. It was during this work that he thought of manufacturing his own drugs instead of selling products made by others. In 1982, Dilip Shanghvi opened his manufacturing unit, with a capital of INR 10,000, named Sun Pharmaceutical Industries to make psychiatric drugs.

Laguarta is the first Spanish CEO of an American multinational company, PepsiCo. He is associated with PepsiCo for over 25 years. He began his career at Chupa Chups, a candy company based in Spain popularly known for its lollipops. He spent over 8 years in Chupa Chups and held different managerial roles. In 1996, he joined PepsiCo and worked in the company's European business, and in 2014 became the CEO of the entire Europe and Sub-Saharan Africa (ESSA) sector.

Rajesh Gopinathan has been working with the Tata Consulting Services (TCS) for over 21 years. Rajesh began his career in 1996 with Tata Strategic Management Group and worked there on multiple assignments with the Tata companies. Working for over 4 years at Tata Strategic Management Group, he joined the Tata Consultancy Services in January 2001. From 2001 to 2013, for almost 12 years he held multiple roles at the Tata Consultancy Services from the Tata Industries. He was responsible for driving TCS’ newly established e-business unit in the United States.

Before serving as the CEO of the company, he served as the President and Chief Operating Officer(COO) of Forbes from 2011 to 2016. Michael has an experience of over 25 years in the media industry. He has held top positions as Publisher of Fortune magazine, Group Publisher of the Time Inc. Business & Finance Network, and Group Publisher of the Bonnier Mountain Group in Boulder, Colorado.

Sandhya Devanathan has a 22-year of career experience in banking, payments, and technology. She began her career with Citigroup in May 2000, she worked as a Webmaster & Product Manager - at Citibank Online, e-Business Team. After working for over 9 years, Sandhya left Citigroup in 2009 as Director- Sales Performance Management in the United States. From December 2009 to December 2015, she worked with Standard Chartered. She worked for over 6 years with Standard Chartered and held various leadership roles.

Sridhar Vembu is best known for establishing the multimillion-dollar Zoho Corporation from scratch and without any external capital, which now competes directly with industry giants such as Microsoft, Google, Oracle, and Salesforce.com. Vembu's company Zoho grew 38% in the past year to hit 80 million global users as of July 2022. In 2021, Vembu was named the 55th richest person in India with a net worth of $3.75 billion, according to Forbes. Vembu began his career in 1994, working for Qualcomm as a wireless engineer in San Diego, California.

Amit Jain an IITian will soon be seen in the second season of 'Shark Tank', he replaced a crucial shark, Ashneer Grover in the show. Amit Jain has an estimated net worth of Rs. 2900 crores. Amit began his entrepreneurial journey in 2006 when he along with his brother Anurag Jain left their jobs and came to Jaipur to start their business as a software outsourcing company.  They began their business of GirnarSoft in 2007 and turned their small home garage into an office.

In 2021, Lisa became the first woman to receive the IEEE Robert Noyce Medal. She is also the first woman ever to top The Associated Press’ annual survey of CEO compensation. In 2019 her pay package was valued at $58.5 million.  Before joining AMD, Lisa spent 15+ years in the semiconductor industry in various engineering and general management roles at Freescale and IBM. Besides being a president, CEO, and Chair, she serves on the boards of Cisco Systems, Global Semiconductor Alliance, and the U.S. Semiconductor Industry Association, and is a fellow of the IEEE.

Adam Mosseri's title as the head of Instagram differs from the title of the Chief Executive Officer (CEO) as Facebook reserves the CEO title for the company's founders only. Before joining Instagram, Adam served as an executive at Facebook(Meta). Mosseri started his career at an early age, when he was just 20. In 2003, he started his own design consultancy called Blank Mosseri. His design consultancy focused on graphic, interaction, and exhibition design.