National desk:
For Indian billionaire Gautam Adani, though the year 2023 had a bad start, he ended last year as the world's highest earner. Then a research report by US short sale firm Hindenburg on Adani Group was published and Adani Stocks were hit by a tsunami. His net worth has fallen by more than $60 billion so far this year. However, despite suffering heavy losses, Gautam retains the trust of the company board in Adani and has been appointed Executive Chairman of Adani Enterprises for another five years.
The term is set to end on November 30th
Gautam Adani's success story is extraordinary. Under his leadership, the Adani Group has set many milestones in the business sector. He grew rapidly in the corporate sector through his hard work and established a huge empire. Gautam Adani's re-appointment as Executive Chairman of Adani Enterprises will take effect from December 1, His current term expires on November 30, 2023. On Thursday, the board re-elected Adani as executive chairman of the group's flagship company Adani Enterprises while announcing its March quarter results.
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