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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.
Spread across copper, alumina and iron ore, Adani’s mega investment in a whole new line of business faces multiple challenges.
Editor's note: Over the last couple of years, Gautam Adani’s diversification ambitions have seen his Adani group add airports, hydrogen and roads, among other verticals, to a long list of businesses and emerge as the second most valued conglomerate in the country, with only the Tata group ahead of it. Some of these businesses have perplexed people like Bharat Shah, executive director of wealth management firm ASK Investment Managers. Keen to understand the billionaire entrepreneur’s strategy, on 4 May, Shah logged in to the analyst call of Adani Enterprises, the group’s flagship that also incubates its new businesses. “Are we not attempting too much?” he asked chief financial officer Robbie Singh. Not stopping there, he went on to dwell on his concerns. “Are our entire hands full and you think that a possible risk of attempting way too much whereby… some of it starts becoming weak because of the complexity and very large and too many activities we seek to do.” In his reply, Singh indicated that there was a method to the diversification. In its new businesses, he said, the Adani …
While the Rs 9,000 crore promoter investment in Q1 brings a measure of reassurance, investors will still have to wait for Jio and retail to work through their challenges.
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.
Reliance Consumer Products is relying on aggressive pricing in the hope that its staples brand will become a household name. But such tactics can go only so far.
