<ul><li>India’s richest and world’s third richest person <keyword id="111343" type="General" weightage="50" keywordseo="gautam-adani" source="Orion">Gautam Adani</keyword> was in the hot seat on Rajat Sharma’s ‘Aap Ki Adalat’ show on Saturday.</li><li>In the hour-long show, the billionaire from Gujarat addressed several controversial topics like his closeness with the ruling BJP, his group debt and more.</li><li><keyword id="76451" type="General" weightage="100" keywordseo="adani" source="Orion">Adani</keyword> revealed that Reliance Industries’ founder, the late Dhirubhai <keyword id="10924" type="General" weightage="80" keywordseo="ambani" source="Orion">Ambani</keyword> is his role model, and that Mukesh Ambani is a very good friend.</li></ul>India’s richest and world’s third richest person Gautam Adani was in the hot seat on Rajat Sharma’s ‘Aap Ki Adalat’ show on Saturday. In the hour-long show, the billionaire from Gujarat addressed several controversial topics like his closeness with the ruling BJP, and Mukesh Ambani, his closest rival. “To become successful, discipline and hard work is the only formula, leave the rest to God,” Adani said in the opening segment of the<a href="https://www.youtube.com/watch?v=pYKPBgNPlVo"> show</a>. <cmsannotation type="cmsannotation" annotationid="‘Doubting the class topper who achieved the first rank’" comment="subhead" text="‘Doubting the class topper who achieved the first rank’">‘Doubting the class topper who achieved the first rank’</cmsannotation> The show, which is known to make top celebrities answer the most uncomfortable questions about themselves, started off with the political connections that Gautam Adani allegedly enjoys. The opposition parties have termed Adani’s meteoric rise as a case of “<a href="https://www.indiatoday.in/india/story/rahul-gandhi-bharat-jodo-yatra-delhi-red-fort-address-2313120-2022-12-24">crony</a> capitalism”. He is known to be close to the ruling BJP government. One of Adani’s frequent critics is Rahul Gandhi, senior leader of the primary opposition party, the Indian National Congress. The show’s anchor Sharma pointed out how Gandhi has been critical of Adani over the past eight years, calling him “ungrateful”, amongst other things. On this, Adani said, “Rahul Gandhi is a senior leader of the Congress party. As an industrialist, I think it’s not good that I pass a comment about him. He’s a respected leader and wants the progress of the country. Sometimes in the heat of politics, he makes a comment, but I don’t consider it anything more than a political comment.” Adani added that his companies don’t bag projects in only BJP-ruled states. “We want to make maximum investments in every state. Adani group is happy that it is working in 22 states, and not all of them are ruled by the BJP,” he said. “I can say with clarity that we do not have any problem with any state government. We work in Left-ruled Kerala, with Mamata Didi in West Bengal, in Naveen Patnaikji’s Odisha, with Jagan (in Andhra Pradesh), and KCR (in Telangana),” he added. <div type="Article" hostid="261" msid="96610248" title="Gautam Adani: Man of the year" mstype="2" mssubtype="0"></div> Gandhi also alleged that the Modi government has given away business in key areas like mining, green energy, power and others to Adani’s group companies. On this, Adani said, “We have not done any work without bidding. We don’t enter any business without bidding or merits. Adani’s group’s philosophy has been to not touch anything without bidding.” “This is like doubting how the class topper has achieved the first rank,” he quipped. <cmsannotation type="cmsannotation" annotationid="‘Lenders don’t give loans based on what someone says’" comment="subhead" text="‘Lenders don’t give loans based on what someone says’">‘Lenders don’t give loans based on what someone says’</cmsannotation> Adani’s rise has also been criticized for being <a href="https://www.businessinsider.in/business/corporates/news/gautam-adanis-overly-ambitious-growth-plans-can-spiral-into-a-massive-debt-trap-fitch/articleshow/93725014.cms">funded by debt</a>. Sharma pointed out that Adani’s critics say he has over ₹2 lakh crore worth of debt in the books of his companies. Responding to this, Adani said, “Our credit rating is equal to that of India’s sovereign rating. We have brought down the share of loans taken from banks in India to 35% of our total debt now, from 80% in 2013.” “The rest of it is from outside India, and those lenders don’t give loans based on what someone says in India. So, this allegation is entirely baseless,” he added. <div type="Article" hostid="261" msid="91829090" title="Understanding Gautam Adani’s rise: a story on how to generate wealth via hope, equity and of course debt" mstype="2" mssubtype="0"></div> <cmsannotation type="cmsannotation" annotationid="‘Mukesh bhai is a very good friend’" comment="subhead" text="‘Mukesh bhai is a very good friend’">‘Mukesh bhai is a very good friend’</cmsannotation> As Adani rose through the ranks of the world’s richest, he also displaced Mukesh Ambani as India’s richest man — who had been holding on to the tag for a very long time. In addition, both the business groups’ interests clash be it green hydrogen, renewable energy and most recently media. On the topic of rivalry, Adani said that Ambani is a very good friend of his, and that his late father, Dhirubhai Ambani is his role model. “Dhirubhai is a role model. The way he set up and scaled Reliance Industries even before liberalization, he showed the way forward. He is an inspiration,” Adani said. Adani also praised Mukesh Ambani, saying he took the Reliance group forward and expanded it. “Mukesh bhai is a very good friend. I respect him a lot. He gave Reliance Industries a new direction with Jio, technology and retail, apart from his primary petrochemical business. He has made a big contribution towards developing the country,” he said. SEE ALSO: <a href="https://www.businessinsider.in/finance/banks/news/sbi-hdfc-bank-axis-bank-among-other-private-and-public-bank-earnings-could-see-a-further-ramp-up-in-q3-2022/articleshow/96768992.cms">Bank earnings could see a further ramp up in Q3, say analysts</a> <a href="https://www.businessinsider.in/business/startups/news/skippi-ice-pops-what-this-hyderabad-popsicle-brand-is-doing-after-raising-rs-1-crore-from-shark-tank-india-season-1/articleshow/96759786.cms">Skippi Ice Pops – how the Hyderabad-based popsicle brand fared after bagging a ₹1 crore deal on Shark Tank India S1</a> <a href="https://www.businessinsider.in/business/corporates/news/tcs-infosys-wipro-and-other-it-companies-earnings-preview-for-q3-fy23/articleshow/96731891.cms">December quarter likely to be a weak one for the IT sector – Infosys amongst top analyst picks</a>

Dhirubhai Ambani is my role model and Mukesh Ambani a very good friend, says Gautam Adani

<ul><li><keyword id="111343" type="General" weightage="100" keywordseo="gautam-adani" source="Orion">Gautam Adani</keyword>, will be sitting in the hot seat of Rajat Sharma's Aap Ki Adalat.</li><li><keyword id="76451" type="General" weightage="100" keywordseo="adani" source="Orion">Adani</keyword> will be replying to a barrage of questions from the inimitable TV icon.</li><li>Last month, Sharma had asked viewers to share the names of top personalities they wished to see in fresh episodes of 'Aap Ki Adalat', and Adani's name figured on top of the wish list.</li></ul><keyword id="6358777" type="General" weightage="20" keywordseo="new-delhi" source="Orion">New Delhi</keyword>, A big treat is awaiting television viewers in the New Year on Saturday to be precise when the worlds third richest person, Gautam Adani, will be sitting in the hot seat of Rajat Sharmas 'Aap Ki Adalat'. Adani will be replying to a barrage of questions from the inimitable TV icon, who will be returning with fresh episodes of his longest running TV show. Adani, who normally avoids one-on-one TV interviews, has agreed to be the guest in the show. He will be replying to several tricky questions from Sharma, relating to controversies relating to his corporate group. Already there is lot of buzz among the social chatterati about how Adani is going to respond to accusations that have been levelled by his rivals and opposition leaders. Expectations of viewers about this episode have naturally reached a fever pitch as the D-Day draws closer. Last month, Sharma had asked viewers to share the names of top personalities they wished to see in fresh episodes of 'Aap Ki Adalat', and Adani's name figured on top of the wish list. The list includes names of several other top personalities, who will also be featuring in 'Aap Ki Adalat', as it steams ahead in the coming weeks with fresh episodes. The wish list includes top cricketers, politicians, godmen, and superstars of Indian cinema. Since its inception in 1993, 'Aap Ki Adalat' has featured more than 1,000 prominent personalities sitting in its dock. From powerful politicians, film superstars, leading sportsmen, famous singers to spiritual gurus, none could escape the probing questions from Sharma, always delivered with a smile, but with exact precision. The roster of distinguished guests in his iconic show includes Presidents, Prime Ministers, cabinet ministers and chief ministers. 'Aap Ki Adalat' is the only show that has the distinction of getting all three Bollywood Khans together on the same stage. There is no other show in Indian TV industry where eminent guests lay bare their raw emotions, vulnerabilities, and no-holds-barred opinions with such ease. Another high point is that 'Aap Ki Adalat' on <keyword id="211456" type="General" weightage="50" keywordseo="india-tv" source="Orion">India TV</keyword> can now be watched by viewers across the world, including the US and UAE. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/early-attractions-at-ces-2023-here-are-the-best-innovations-and-products-from-the-biggest-tech-show/articleshow/96758252.cms">Early attractions at CES 2023: Here are the best innovations and products from the biggest tech show</a> <a href="https://www.businessinsider.in/tech/news/this-ai-tech-may-be-able-to-generate-3d-holograms-on-smartphones-in-real-time/articleshow/96706618.cms">This AI tech may be able to generate 3D holograms on smartphones in real-time</a>

Gautam Adani will be in the hot seat on Rajat Sharma's show 'Aap Ki Adalat' on Saturday

State-owned <keyword id="185930" type="General" weightage="50" keywordseo="rail-vikas-nigam-ltd" source="Orion">Rail Vikas Nigam Ltd</keyword> (<keyword id="240577" type="General" weightage="100" keywordseo="rvnl" source="Orion">RVNL</keyword>) on Thursday said that it has bagged a project worth Rs 166 crore from <keyword id="7210796" type="General" weightage="80" keywordseo="gujarat-metro-rail-corporation" source="Orion">Gujarat Metro Rail Corporation</keyword> (GMRC). The project is expected to be completed within 22 months. "Rail Vikas Nigam Ltd (RVNL) - ISC Projects Private Limited JV' has received LOA (Letter of Acceptance)... for design, supply, installation, testing and commissioning of ballastless track from Sarthana to Dream city in elevated and underground sections, including connecting lines to depot along with ballasted/ballastless/ embedded standard gauge track for corridor-1, <keyword id="3932848" type="General" weightage="50" keywordseo="surat-metro-rail-project" source="Orion">Surat Metro Rail Project</keyword>, Phase-1," the state-owned firm said in a <keyword id="35140" type="General" weightage="50" keywordseo="bse" source="Orion">BSE</keyword> filing. RVNL was incorporated as a public sector undertaking for the development, financing and implementation of projects related to rail infrastructure. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/curbing-inflation-key-priority-area-for-south-asian-nations-rbi-governor/articleshow/96787159.cms">Curbing inflation key priority area for South Asian nations: RBI Governor</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/gautam-adani-will-be-in-the-hot-seat-on-rajat-sharmas-show-aap-ki-adalat-on-saturday/articleshow/96785740.cms">Gautam Adani will be in the hot seat on Rajat Sharma's show 'Aap Ki Adalat' on Saturday</a>

RVNL bags project worth ₹166 crore from Gujarat Metro Rail Corporation

<ul><li>The company raised $45 million in its <keyword id="45633" type="General" weightage="20" keywordseo="series" source="Orion">Series</keyword> B-1 round last year.</li><li>The company is now directing resources toward the continued development and commercialisation of world-class Micro-LED display technology.</li><li>The reduction represents approximately 75 per cent of the company's workforce.</li></ul> AR smart lens developer <keyword id="8574321" type="General" weightage="100" keywordseo="mojo-vision" source="Orion">Mojo Vision</keyword> has slashed 75 per cent of its workforce across a variety of departments and functions amid the deepening funding crunch. Mojo Vision CEO Drew Perkins said that the company has now decided to pivot its business and focus its resources on Mojo's Micro-LED technology. "With this shift in focus of our business comes a significant change in our organisational structure, and Mojo Vision has reduced staffing across a variety of departments and functions," Perkins said in a statement late on Friday. "The reduction represents approximately 75 per cent of the company's workforce," he added. The company raised $45 million in its Series B-1 round last year. Perkins, however, said that as they made important product development progress, Mojo faced significant challenges in raising capital. "The slumping global economy, extremely tight capital markets, and the yet-to-be proven market potential for advanced AR products have all contributed to a situation where Mojo Vision has been unable to find additional private funding to continue its development of <keyword id="15993236" type="General" weightage="50" keywordseo="mojo-lens" source="Orion">Mojo Lens</keyword>," the CEO noted. The company is now directing resources toward the continued development and commercialisation of world-class Micro-LED display technology, "where we know there is significant near-term market potential". Developed as a critical component of Mojo Lens and first announced in 2019, the Mojo Vision 14K PPI Display is the smallest, densest dynamic display ever made. "The Micro-LED technology platform underlying it is powerful and flexible enough to serve a wide range of applications from next generation wearables all the way up to future televisions and video walls," said Perkins. "We believe Micro-LED will disrupt the entire $160 billion display industry and our unique technology puts us at the forefront of this disruption." SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/personalities/news/ar-rahman-unknown-facts-about-about-indian-composer-and-oscar-winner/articleshow/96793884.cms">AR Rahman can leave dinner midway if inspiration strikes &amp; other anecdotes about the reticent music maestro</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/foreign-institutional-investors-sell-shares-nearly-5000-crore-in-first-four-trading-days-of-2023/articleshow/96790974.cms">Foreign institutional investors sell nearly ₹5,000 crore worth equities in first four days of 2023</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/gautam-adani-will-be-in-the-hot-seat-on-rajat-sharmas-show-aap-ki-adalat-on-saturday/articleshow/96785740.cms">Gautam Adani will be in the hot seat on Rajat Sharma's show 'Aap Ki Adalat' on Saturday</a>

AR smart lens developer Mojo Vision lays off 75% of its workforce

Indian e-cycle startup <keyword id="15984550" type="General" weightage="80" keywordseo="gear-head-motors" source="Orion">Gear Head Motors</keyword> has secured investment from Aman Gupta, the founder of Boat, and Piyush Bansal of Lenskart on Shark Tank India. This is a major endorsement for GearHead, which has quickly become a major player in the transportation industry with its innovative and sustainable approach to electric vehicles. Founded in 2020 by <keyword id="15984552" type="General" weightage="50" keywordseo="nikhil-gunda" source="Orion">Nikhil Gunda</keyword> and Meher Sai, Gear Head Motors has made a name for itself by designing over 70% of its components in-house and assembling electric cycles tailoring to the specific needs of Indian commuters. GearHead Motors has launched four e-bike models - L. I. F. E - to solve urban commuting problems on the go. With research dating back to as early as 2015, <keyword id="2300" type="General" weightage="80" keywordseo="nikhil" source="Orion">Nikhil</keyword> and Meher, the co-founders of Gear Head Motors, have a deep understanding of the electric vehicle market and a commitment to testing and evaluating their products in real-world conditions. Their dedication to innovation and sustainability has helped Gear Head Motors grow from a small startup with an initial investment as low as Rs. 16,000 to a 35 crore-worth company in just four years. Since its inception, Gear Head Motors has delivered more than 8,000 tricycles and over 5,000 e-bikes. The company aims to bridge the gap between the global supply of electric vehicles and the needs of Indian customers and build an ecosystem that supports sustainable mobility in the future. Aman Gupta, who invested in Gear Head Motors through Shark Tank India, praised the company's founders for their dedication and expertise in the industry. Our sources revealed Aman's insight on GHMEV, "I am really impressed with the design of the e-cycle and happy to be investing in GearHead Motors. The founders have a clear market insight and I am excited to see what they can accomplish with the support." <keyword id="824423" type="General" weightage="50" keywordseo="peyush-bansal" source="Orion">Peyush Bansal</keyword>, also an investor in Gear Head Motors, added: "With Nikhil and Meher's experience and expertise in the Electric Vehicle sector, I am confident that they will be able to steer the industry with their 10X business idea and their 10X entrepreneurial journey. I am glad to be a part of GHMEV. Let's together grow the business. Speaking of the investments, "We are thrilled to have the support of Aman and Peyush as we continue to grow and innovate in the EV space," said Nikhil Gunda, co-founder of Gear Head Motors. "With this funding, we will be able to expand our operations and bring even more electric bikes to the market, helping to support sustainable mobility in India." According to Nikhil and Meher, the key to success in the electric vehicle industry is more than just technology. "EV is not just about Lithium Ion batteries," they said. "EV is an infrastructure, that is building trust and acceptance in the communities." Previously, Gear Head Motors raised 6 crores in a pre-seed funding round led by Hemin Shah and <keyword id="15984551" type="General" weightage="50" keywordseo="sudhakar-moparthy" source="Orion">Sudhakar Moparthy</keyword>. The company focuses on expanding the startup's operations in India and other Asian countries. As the demand for electric vehicles continues to grow in India and around the world, Gear Head Motors is poised to play a major role in shaping the future of transportation. With its strong foundation and ambitious plans for the future, Gear Head Motors is well on its way to becoming a leader in the e-cycle industry. The company's success on Shark Tank India is a testament to its potential for future growth. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/shark-tank-s2-girgit-that-sells-colour-changing-clothes-shoes-and-more-raises-funds/slidelist/96767200.cms">Shark Tank S2: Girgit that sells colour changing clothes, shoes and more raises funds</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/gautam-adani-will-be-in-the-hot-seat-on-rajat-sharmas-show-aap-ki-adalat-on-saturday/articleshow/96785740.cms">Gautam Adani will be in the hot seat on Rajat Sharma's show 'Aap Ki Adalat' on Saturday</a>

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Dhirubhai Ambani is my role model and Mukesh Ambani a very good friend, says Gautam Adani

Rounak Jain

Gautam Adani will be in the hot seat on Rajat Sharma's show 'Aap Ki Adalat' on Saturday

IANS

RVNL bags project worth ₹166 crore from Gujarat Metro Rail Corporation

PTI

AR smart lens developer Mojo Vision lays off 75% of its workforce

IANS

Shark Tank India: Gear Head Motor rides high, secures funding from Aman Gupta and Peyush Bansal

ANI