Chairman of the state-owned Ceylon Electricity Board had claimed that New Delhi pressured Colombo to award a wind power project contract to the Adani Group.
A $10.5 billion pact announced Sunday marked some 32 acquisitions for the Adani Group this past year, with the ambitious tycoon rapidly diversifying his business into new areas.
Scaling up the media business will give Adani a meaningful presence in an industry where Mukesh Ambani has already made his mark through his Network18 Media & Investments Ltd.
The appeal comes before a national election on 21 May in which the role of coal, the nation’s second-biggest commodity export, is again the focus of debate.
Discussions over investments in Deocha-Pachami coal mining project were also held in meeting, held 2 months before state govt's annual global business summit, a govt official says.
The non-binding MoU intends to extend collaborations in various industries such as renewable energy, hydrogen and logistics in response to carbon reduction requirements.
The project, proposed in 2010, has become a global emblem for opposition to fossil fuels. It has been impeded by legal challenges and a sustained campaign by climate activists,
The investments would include a fresh $20 bn over the next decade, for areas such as electrolyzer manufacturing, and AI-based industrial cloud platforms, among others.
Meghnad’s interest went much beyond economics and politics. This is reflected in his writing, particularly after his retirement as a full-time LSE professor in 2003.
In the latest budget, the FDI limit was increased to 100 percent, but most foreign companies are not buying such large stakes in the Indian insurance sector.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
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