Ambani's energy and retail businesses have been underperforming amid rising investor concern about debt, while Adani's empire was rocked by a US department of justice probe.
And it's still not clear if the worst is over for either.
For Adani, the move by US prosecutors in November over alleged bribery was an unwelcome return to the international media spotlight.
HE'S BEEN FIGHTING to shore up investor confidence after short seller Hindenburg Research last year published a report accusing the firm of fraudulent practices.
Adani, who has denied both charges, has vowed to fight on. He said at an event after the US allegations that the firm is committed to "world-class regulatory compliance" and that each attack against the company "only makes us stronger".
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