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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.
Adani Enterprises’s strong June quarter was driven by surging global coal prices and the firm’s competitive edge in the sector.
Gautam Adani, the world’s fourth-richest person, has had a lot going for him lately. His group’s flagship firm, Adani Enterprises, is on an upward trajectory.
The company’s stock recently touched a record high of Rs 3,258.05, from trading at around Rs 500 in January 2021. It reported a 222% year-on-year surge in consolidated revenue in the April-June quarter. This was coupled with a 76.5% year-on-year increase in profit after tax, to almost Rs 469 crore.
The strong performance can be attributed to two of the firm’s businesses doing well. While its airport business contributed 2.9% of its gross revenue from …
Influence cannot be manufactured through diaspora networks, carefully branded events or political donations. It requires honesty and credibility.
ADNOC’s strong numbers underline a strategy built on higher output, shipping gains and new routes that sidestep the risky Strait of Hormuz.
From cancelled races to scrambled calendars, the Iran conflict is testing an over two-decade partnership that powered the sport’s growth.
