Moody's Investors Service has said banks' exposures to Adani Group are not large enough to affect their credit quality materially but it has cautioned that the exposure may increase in case the conglomerate becomes more reliant on bank loans.
Another plea has been moved in the Supreme Court seeking to constitute a Committee under the monitoring of the retired Supreme Court judge to investigate the Hindenburg Research report.
Reliance Industries Chairman Mukesh Ambani overtook Adani Group chairman Gautam Adani to become the richest Indian in the world with his net worth of USD 84.3 billion, according to Forbes real-time tracker of billionaires for 2023.