Business

Business

AESL deepens its footprint in Khavda with the award of 7 GW Renewable Energy Evacuation Transmission Network

September 2, 2024 Vinayak Barot

Ahmedabad, 02 September 2024: Adani Energy Solutions Ltd (AESL), India’s largest private transmission and distribution company and part of the globally diversified Adani portfolio, today said that it has completed SPV acquisition of Khavda Phase-IV Part-A transmission project after receiving a letter of intent (LOI) from REC Power Development and Consultancy Ltd. The award of […]

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

September 1, 2024 Vinayak Barot

Mumbai: 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), […]

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Roving Periscope: Amid M-E crisis, ISIS resurfaces; US kills 15 terrorists

August 31, 2024 virendra pandit

Virendra Pandit New Delhi: Amid the ongoing Middle East crisis, where more than 40,000 people have been killed since the Hamas invasion of Israel on October 7, 2023, the dreaded terror outfit Islamic State of Iraq and Syria (ISIS) has resurfaced, prompting a raid by the US and Iraqi forces that killed 15 of these […]

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Bangladesh: UNICEF urgently needs USD 35 mn as 20 lakh flood-hit children are at risk

August 31, 2024 virendra pandit

Virendra Pandit New Delhi: Amid the ongoing political instability and communal violence in Bangladesh, more than two million children in eastern districts are at risk as the worst floods have swept through their homes, schools, and villages in the last few weeks. In areas where flood waters are receding, the South Asian country faces outbreaks […]

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APSEZ acquires 80% stake in global OSV operator Astro Offshore for USD 185 Mn

August 30, 2024 Vinayak Barot

Ahmedabad, 30 August 2024: Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company, has entered into a definitive agreement to acquire 80% stake in Astro, in an all-cash deal for USD 185 million, implying an EV of USD 235 million and EV / FY25E EBITDA at 4.4x. The transaction is expected […]

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Roving Periscope: Dialogue era with Pak over; actions will have consequences, says EAM

August 30, 2024 virendra pandit

Virendra Pandit New Delhi: A day after Pakistan invited Prime Minister Narendra Modi to the Shanghai Cooperation Organization (SCO) Summit in Islamabad in October—with the Kashmir rider!—External Affairs Minister S. Jaishankar, in a tough message, told the neighbor that the era of “uninterrupted dialogue is over,” and that “actions will have consequences.” Speaking at a […]

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Fintech: India attracted $31 bn in 10 years; needs more cybersecurity, says PM Modi

August 30, 2024 virendra pandit

Virendra Pandit New Delhi: Prime Minister Narendra Modi on Friday said India’s robust financial technology (fintech) sector has attracted nearly USD 31 billion of investment in the last 10 years and more is expected, as he asked the Reserve Bank of India (RBI) to enhance cyber security and digital literary to effectively combat cyber frauds. […]

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Adani replaces Ambani to become wealthiest Indian with a networth of Rs 11.6 lakh cr

August 29, 2024 Vinayak Barot

Mumbai: Recouping the dent caused by the Hindenburg Research report, Gautam Adani’s networth shot up 95 per cent to Rs 11.6 lakh crore last year, which helped him replace Mukesh Ambani to become the richest Indian, a report said on Thursday. Reliance Industries Chairman and Managing Director Ambani’s overall networth increased by 25 per cent […]

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Roving Periscope: With a Kashmir rider, Pak invites PM Modi for SCO Summit in October

August 29, 2024 virendra pandit

Virendra Pandit New Delhi: As expected, Pakistan has invited Prime Minister Narendra Modi, with a Kashmir rider, to attend the upcoming Shanghai Cooperation Organisation (SCO) meeting in Islamabad scheduled for October 2024. The SCO Summit will take place soon after the ongoing Assembly elections in Jammu and Kashmir, to be from September 18 to October […]

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East Pakistan ‘reborn’: Yunus govt apes Sharif’s; hunts down Hasina, top Awami leaders

August 29, 2024 virendra pandit

Virendra Pandit New Delhi: Nobel Peace Laureate Mohammed Yunus-led interim government in Bangladesh (erstwhile East Pakistan) is no different from the Mohammed Shehbaz Sharif-led government in Pakistan: both are controlled by militant Islamists, have imposed dozens of cases against their democratically-elected and toppled former prime ministers and hunting down their respective parties. The way Islamabad […]

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