Adani Green Energy Ltd, Adani Transmission & Adani Ports & SEZ were removed from Science Based Targets Initiative after 2 climate advocacy groups sent joint letter to UN Race to Zero.
SBI drafted in-principle agreement with Adani in 2014 for $1bn facility & brought in several banks for funding as part of consortium. The plan has had several iterations since then.
Outgoing Australian High Commissioner to India Harinder Sidhu says work on Adani’s Carmichael coal mine project has started, also asks India to reconsider RCEP.
Adani will lose around $220 million a year if the Carmichael coal project goes through. Which raises the question, why is everyone adamant that it goes ahead?
Corporate bonds are priced as a spread over the risk-free rate. In India, the reference risk-free rate is unreliable as large institutions are mandated to buy and hold government bonds.
After lapses exposed by terror attacks at Pahalgam and Delhi's Red Fort, Centre has hiked Intelligence Bureau's expenditure for investments in long-term assets from Rs 257 cr to Rs 2,549 cr.
The key to fighting a war successfully, or even launching it, is a clear objective. That’s an entirely political call. It isn’t emotional or purely military.
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