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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Adani group’s projects in Sri Lanka have been under the scanner since the new government was formed in that country.
Adani Green Energy on Thursday withdrew from building its two proposed wind energy and transmission projects in Sri Lanka, two weeks after the Sri Lankan government sought to lower the power cost.
Last month, the Sri Lankan government announced that it had started talks with Adani Green to reduce the cost of the power generated from these two projects from $0.08 per kilowatt-hour to $0.06 per kilowatt-hour or lower. However, the company pulled out of the project as it was “financially unviable,” a company spokesperson told Reuters.
"It was learnt that another cabinet-appointed negotiations committee and project committee would be …
A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.
After a strong listing, Vedanta Aluminium Metal is running into some headwinds. Aluminium prices are easing, but the sharper challenge is rising competition from Kumar Mangalam Birla and Gautam Adani.
A proposed SEC settlement lifts the biggest overhang on the Adani Group—its access to US capital markets.
