Category: Adani
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Treasury boss declines US envoy job amid Adani deals
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Americans know him as the Deputy Chief of Mission at the Kenyan Embassy in Washington, DC. But Kenyans know him as the Director-General of Public-Private Partnerships (PPP) at the Treasury and the main explainer of the controversial deal in which Indian billionaire Gautam Adani wants to manage and develop the…
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Ketraco rejects law firm’s push for information on Adani deal
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Ketraco refused to publicly disclose the terms of the contract agreement it signed with the Indian Adani Group to build three transmission lines and two substations. The state-owned company rejected an attempt by a city law firm, IC Law LLP, to make public details of the financial position of the…
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Adani to absorb staff, offer new job terms two years after JKIA takeover
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All Kenya Airports Authority staff will continue to work on their current terms if India’s Adani Airports Holdings wins its bid to run Kenya’s largest airport for 30 years, signalling a softer stance after a workers’ standoff. The revised master concession terms offered by Adani to Kenya Airways, under which…
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Tower teams with Adani on $10b Indian chip plant
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Israeli chipmaker Tower Semiconductor Co., Ltd. (NASDAQ: TSEM; level:TSEMTower and the Adani Group are planning to build a chip manufacturing plant in the Mumbai suburb of Taloja, according to a tweet from Devendra Fadnavis, deputy chief minister of the western Indian state of Maharashtra. Tower and Adani will invest $10…
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Hindenburg Claims Sebi Chief Has Adani Conflict Which She Denies
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Breadcrumbs Path Links PMN Business Hindenburg Research has accused the head of India’s market regulator of a conflict of interest, which it says prevented a thorough examination of allegations of manipulation and fraud at the Adani Group, an allegation she has strongly denied. Article author: Bloomberg News Menaka Doshi Published…
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Proposed Adani, JKIA deal risky and morally unfair to taxpayers
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In 2019, I wrote an opinion piece in Business Daily titled “Why the KQ/KAA Deal Is Unconvincing.” Kenya Airways (KQ), which was on the verge of bankruptcy, was to acquire the assets and operations of the Kenya Airports Authority (KAA) with the aim of using the authority’s cash flows to…
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India’s Adani Enterprises eyes first-ever public debt issue in coming weeks, sources say By Reuters
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By Bhakti Tambe MUMBAI (Reuters) – India’s Adani Enterprises, the flagship of the Adani group, plans to launch its first-ever public bond issue in the coming weeks to raise up to 6 billion rupees ($71.7 million), people familiar with the matter said on Tuesday. “The company has already filed a…
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Paytm shares surge, hit 5% upper circuit amid Adani stake speculation By Investing.com
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Investing.com — Shares of Paytm rose sharply during the market open on Wednesday, hitting an upper circuit amid speculation that Gautam Adani, chairman of the Adani Group, was looking to acquire a stake in the fintech company. One 97 communications Ltd (NS:), which owns and operates Paytm, jumped 5% to…