/
•
•
From the HDFC merger to the Brightcom saga, 2022 was a year with many shades of grey for corporate India.

Editor's note: Of the 120-odd business stories that we did in 2022, about one in six were on Gautam Adani and his ever-growing empire. Such has been Adani’s dominance of Indian business in 2022 that one would inevitably read his name in nearly every other deal, irrespective of the sector. From a landmark real estate project to a giant cement business to a storied media house, the Adani name was stamped all over them. For such a fast-rising conglomerate, it was thus important to also look at its finances, audit practices and the people who had built it. We did that and more. Head to our Business section to read all of them. A few other entrepreneurs and companies also made their presence felt. If you have followed our coverage on Aditya Birla Capital, its CEO Ajay Srinivasan finally took the exit door, forced out by a whistleblower letter. Another Ajay, this time in aviation, managed to hang on. But it was the rumble and tumbles of fintech entrepreneurs that were scarcely believable. We also bid goodbyes to two entrepreneurs. Our obituaries …
Telecom and retail both continue with their ‘hit and miss’, while O2C delivers an unsurprisingly poor performance in Q4. This is a year RIL will be glad to see the back of.
The beleaguered lender outperformed larger rivals—and itself—on several metrics in FY26, but one-offs and a still weak retail engine keep its investors on edge.
The Adani group plans to spend Rs 1 lakh crore over the next five years to develop its airport business. While everything—including the funding—is sorted, a prolonged war could disturb the math.