Total will acquire 20% of Adani Green Energy & a board seat. Adani is the latest Indian tycoon to raise money by selling a piece of his empire to an overseas partner.
Protesters have targeted the two tycoons amid the Centre-farmers dispute that has revived debate on what Modi’s critics call a cozy nexus between corporates and the govt.
Gautam Adani's business acumen & ability to overcome obstacles have propelled him to ranks of India’s richest. This year his net worth grew more than Ambani's.
Adani Ports and Special Economic Zone and a local partner received an in-principle approval to sign a deal with Sri Lanka Ports Authority, which will hold majority stake in the project.
The net worth of RIL chairman rose up to 73% last year to $88.7 billion. Gautam Adani took the second spot on the list with a net worth of $25.2 billion.
Adani’s ambition of owning ports, airports, rail tracks, power plants & distribution utilities is humdrum compared to Ambani’s digital dreams but lucrative.
For India, the strategic ripples are significant. The immediate concern is Pakistan’s diplomatic gain as it embeds itself deeper into the defence framework of the Middle East.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
This is the first major attack on central security forces since last November, when a CRPF jawan was killed and four were injured in an ambush in Jiribam on Manipur-Assam border.
To be truly functional and durable, even eternal, a state doesn’t just need a leader, a party or an ideology. It needs functional and robust institutions.
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