CPM strongly opposes contentious Adani-MSC stake deal at Vizhinjam Seaport
The equity transfer of the Vizhinjam seaport between Adani and Mediterranean Shipping Company (MSC) has drawn sharp criticism and strong objections from the CPM.
The equity transfer of the Vizhinjam seaport between Adani and Mediterranean Shipping Company (MSC) has drawn sharp criticism and strong objections from the CPM.
The Adani Group officially announced here on Tuesday that it will invest $100 billion to build a nationwide artificial intelligence (AI) infrastructure platform, marking it one of the largest tech infrastructure pushes in India.
These subsidiary companies, which have been incorporated to focus on real estate and construction projects, mark a strategic expansion in the company’s airport-linked infrastructure development.
A heated exchange broke out in the Supreme Court after a lawyer’s remark on Constitution Benches drew a stern warning from Chief Justice Surya Kant during a mentioning round.
According to the statement, "The merger will unlock greater operational efficiencies, optimise manufacturing and logistics, and enable efficient capital deployment."
Adani Group-owned Ambuja Cements on Tuesday reported a net profit of Rs 1,282.24 crore for the fourth quarter of FY25, marking a 15.71% decline from Rs 1,521.21 crore recorded in the corresponding quarter of FY24.
The Adani Ports and Special Economic Zone Limited has officially announced that operations have commenced at the Colombo West International Terminal (CWIT), which is being jointly developed with the Sri Lanka Ports Authority as well as the Lankan conglomerate John Keells Holdings.
The Adani Group's fully-owned Kutch Copper smelter in Gujarat's Mundhra is expected to begin operations in a few weeks, market sources stated on Monday.
The Indian equity market closed in the green on Tuesday amid favourable domestic and global cues, as Adani Enterprises was the top Nifty 50 gainer.
CSMIA, managed by AAHL, is the first airport in India and third airport in the world to achieve this remarkable milestone.
