Page 15 - Adani

Godrej Consumer MD and CEO Sudhir Sitapati throws weight behind Dhaval Buch

Godrej Consumer Products MD & CEO Sudhir Sitapati has thrown his support behind Dhaval Buch, husband of embattled Sebi Chairperson Madhabi Puri Buch, stating that it could be the side effects of what happens when the worlds of government and the private sector collide. Dhaval and Madhabi have been facing allegations of conflict of interest over providing consultancy services to corporates. In a post on networking platform LinkedIn, he said unless the context of the top professionals coming from the corporate world is understood, there could be a situation where no senior person from the private sector would ever consider a government job. Given the cusp of change India is at, "there is a lot of talent in the private sector that the government could use, and we probably need to reconsider our old socialist biases against everything private," he said. "I have known of and then known Dhaval Buch for the 22 years that I worked at Hindustan Unilever. I was much his junior, but in a ...

Facts need to be taken on board: FM Nirmala Sitharaman on Buch row

FM said that Buch, along with her husband, had answered quite a few of the allegations levelled against her by the Congress party and have put forth the facts

Adani Energy's Kenya transmission deals still under talks: Report

News of the potential deal comes after Kenya confirmed the India-listed conglomerate is seeking another 30-year concession to run the nation's biggest airport

Adani Group warns against fake press releases linked to its Kenya projects

The Adani Group on Monday dismissed circulating press releases about its Kenya operations as fraudulent, blaming 'vested interests with malicious intent' for the incident

Sri Lanka's JVP vows to cancel Adani wind energy project if elected

The Marxist Janatha Vimukthi Peramuna (JVP) on Monday vowed to cancel the Adani Group's wind power project in Sri Lanka if it gets elected in the presidential election scheduled for the weekend. JVP leader Anura Kumara Dissanayake, the presidential candidate from the broader front National People's Power (NPP), told a political chat show here that they would annul the project. Asked if the project posed a threat to the island nation's energy sector sovereignty, Dissanayake said: Yes. We will definitely cancel it as it threatens our energy sovereignty." The JVP, which led a bloody anti-India rebellion in the island nation between 1987 and 1990 following India's direct intervention in the Lankan civil war through the Indo-Lanka Peace Accord, is believed to be leading in the unofficial polls ahead of the September 21 election. The JVP dubbed the Indo-Lanka Accord a betrayal of the nation and killed the then-ruling party members, supporters and other political activists who supported t

Cong attacks Mahayuti govt over Adani's win to supply power to Maharashtra

With the Adani Group winning a bid to supply 6,600 MW of bundled renewable and thermal power to Maharashtra, the Congress on Sunday alleged that it was a "rigged deal" facilitated by the Mahayuti government, which it claimed was "tottering towards a landslide defeat" in the upcoming assembly polls. The opposition party's attack came after the Adani Group won a bid to supply 6,600 MW of bundled renewable and thermal power to Maharashtra for the long term after its quote of Rs 4.08 per unit beat the likes of JSW Energy and Torrent Power. Reacting to the development, Congress general secretary in-charge Jairam Ramesh said, "Even as the Mahayuti Government in Maharashtra totters towards a landslide defeat, this is what they choose to do with their last few days in power. Yet another Modani enterprise undoubtedly!" "Shocking details of this rigged deal will soon start tumbling out," Ramesh said in X. Supplies are to start in 48 months from the date of award of the letter of intent. Lat

Adani wins bid to supply 6,600 MW of electricity at Rs 4.08/unit tariff

Adani group has won a bid to supply 6,600 MW of bundled renewable and thermal power to Maharashtra for the long term after its quote of Rs 4.08 per unit beat the likes of JSW Energy and Torrent Power, sources said. Its bid for the bundled renewable and thermal energy supply for 25 years was almost a rupee lower than the cost at which Maharashtra currently procures electricity and will help meet future electricity requirements of the state, two sources with direct knowledge of the matter said. Supplies are to start in 48 months from the date of award of the letter of intent. As per the bid conditions, Adani Power will supply solar power at a fixed cost of Rs 2.70 per unit throughout the entire supply period, while that from coal will be indexed to coal prices. Maharashtra State Electricity Distribution Company (MSEDCL), in March, floated a unique tender for sourcing 5,000 MW of electricity generated from sunlight and 1,600 MW of power generated from coal. That tender was floated ju

Adani rejects Hindenburg claims of $310 million fund freeze in Swiss banks

The Adani Group reiterated that its overseas holding structure is transparent, fully disclosed, and adheres to all applicable laws

Mahua Moitra files Lokpal complaint against Sebi Chief Buch over Adani ties

TMC parliamentarian Mahua Moitra's complaint points out alleged irregularities between Sebi Chairperson Madhabi Buch's statement to the Sebi board and the board's disclosure on the matter

Trumpeted 100-day agenda, but after 95 days, govt 'vacillating': Kharge

The fresh expose of the 'Modi-Adani mega scam' and the acts of omission and commission by the SEBI chairperson cannot be buried under the rug anymore, he said

Flights grounded at Kenya's main airport as workers protest over Adani deal

Hundreds of workers at Kenya's main international airport demonstrated on Wednesday against a planned deal between the government and India's Adani Group. Planes have remained grounded, with hundreds of passengers stranded at the airport. The government has said that the build-and-operate agreement with Adani Group would see the Jomo Kenyatta International Airport renovated, and an additional runway and terminal constructed, in exchange for the group running the airport for 30 years. Kenya Airport Workers Union, in announcing the strike, said that the deal would lead to job losses and inferior terms and conditions of service for those who will remain. Kenya Airways on Wednesday announced there would be flight delays and possible cancellations because of the ongoing strike at the airport, which serves Nairobi. Last week, airport workers had threatened to go on strike, but the plans were called off pending discussions with the government. The spotting of unknown people moving aroun

Adani Airports launches 'aviio' to give passengers real-time access data

Adani Airports Holdings Ltd, the Adani group firm that operates seven airports in the country, has launched 'aviio' digital platform to provide passengers real-time data on variety of airport accesses - from wait times to gate change and bags on belt. Aviio aspires to bring the aviation community together to collaborate and serve passengers better, a top official said. By enabling airport stakeholders to access real-time data, passengers can expect easier access to airport information in the form of updates related to security checks, wait times, gate change and bags on belt, among other aspects, he said. With this path-breaking initiative, AAHL, a subsidiary of Adani group's flagship Adani Enterprises Ltd, aims to serve the aviation community and set new standards for airport operations management and passenger experience. With seven operational airports in its stable, and one more expected to go live during the middle of 2025, this platform for B2B services has been conceptualise

Sebi chairperson's husband received money from M&M, alleges Congress

Automaker rejects allegations as 'false and misleading', says it didn't seek 'preferential treatment' from regulator

Elon Musk to turn trillionaire by 2027, Gautam Adani next in queue: Report

Elon Musk, with a current wealth of $237 billion and a growth rate of 110% annually, could become the world's first trillionaire by 2027, a new report has revealed

Investment worth $30 billion likely in semiconductor space in 4 years

This is about 6% of new investment in the sector globally

Israel's Tower Semiconductor, Adani plan $10 bn chip project in India

Semiconductor manufacturing marks the latest foray for billionaire Gautam Adani, whose conglomerate has businesses across ports, power utilities, transmission and coal trading

Maharashtra approves $ 10 bn semiconductor fab unit by Adani, Israeli firm

The project will have capacity to produce 80,000 wafers monthly and it will create 5,000, says Devendra Fadnavis

Tower-Adani JV to set up $10 bn semiconductor unit in Maharashtra: Fadnavis

The proposed semiconductor manufacturing plant, located in the Navi Mumbai suburbs in Raigad district, will have an initial capacity of 40,000 WSPM in the first phase, with an ultimate capacity of 80,

NGOs back Dharavi redevelopment survey, say opposition only by non-locals

Several non-government organisations working in Dharavi have pledged their support to the ongoing state government-led survey of informal tenants in Asia's biggest slum and accused non-locals of trying to stall redevelopment by spreading misinformation, according to letters they wrote to state government authorities. The NGOs have written to Dharavi Redevelopment Project/Slum Rehabilitation Authority (DRP/SRA), a government of Maharashtra body overseeing the USD 3-billion redevelopment project being executed by the Adani group, extending support for the survey. A total of eight NGOs and citizen welfare associations involved in diversified welfare activities ranging from health, education, women empowerment amongst others, met with DRPPL CEO and extended support of Dharavikars to the state-government-led survey currently being conducted in the area. While extending support to the survey, Noor Mohammed Khan of Global Giving Foundation and All India Police Jan Seva Sangathna asked the

Adani Ports acquires 80% stake in Astro Offshore for Rs 1,551 crore

Astro Offshore is a leading global OSV operator in the Middle East, India, Far East Asia, and Africa