Ambani is aiming for consumers while Adani is sticking mostly to infrastructure, which helps India generate fiscal resources by monetising public assets and also as a foreign-policy tool.
Adani’s conglomerate is expanding a controversial mine in Australia to meet demand. While Ambani is snapping up distressed crude-oil cargoes at discounts to feed Reliance's refining complex.
Holcim’s sale of its Indian business is expected to close in second half of 2022. Adani Group beat other firms, including JSW Group, to become India's 2nd biggest cement manufacturer.
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.
Barclays, JPMorgan and Deutsche Bank are among banks arranging the bond sale to raise the funds. The proceeds will be used to refinance a rupee loan taken earlier this year.
Proposed in 2010 and stalled by legal challenges, financing setbacks and a sustained campaign from climate activists, the Carmichael operation is set to begin exports before December-end.
Mukesh Ambani and Gautam Adani owe their fortunes to carbon, and yet it’s in hydrogen, where a complex contest between them could open a pathway to decarbonized economic growth.
Speaking at the JP Morgan India Investor Summit, the billionaire also defended how India handled Covid, adding criticism cannot be at the cost of degrading a nation.
The IndiGo crisis is nothing short of a threat to India’s stability. Could it be an experiment? Can this happen in any other crucial sector like power or railways?
RBI Handbook of Statistics shows state’s GSDP has more than doubled in past decade, finishing second behind Maharashtra. It has performed well across health & education parameters as well.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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