Adani, GMR, and Fairfax Vie for Puri Airport Development

Adani Enterprises' Massive Investment

Adani Enterprises, led by billionaire Gautam Adani, is set to invest ?80,000 crore in the current fiscal year. A significant portion of this investment, approximately ?50,000 crore, will be allocated to Adani New Industries Ltd (ANIL) and airport projects. ANIL is focused on producing solar modules and green hydrogen, aiming to manufacture 10 gigawatts of solar modules and 3 gigawatts of wind turbines.

The investment plan includes ?12,000 crore for road development, particularly for the Ganga Expressway, ?10,000 crore for a new PVC project, and ?5,000 crore for data centres. This subst..

Adani Port Talks Remain Stalled

Negotiations between Adani Ports and striking workers at the Gangavaram Port in Visakhapatnam have reached a stalemate. The workers, who have been protesting for better wages and working conditions, continue to hold out for their demands.

The striking workers, primarily from local fishing communities, have not seen a salary increase in 14 years, despite the port's substantial profits. Their main demands include a minimum monthly wage of ?36,000, health benefits, and better job security. They argue that their current wages, which range from ?3,700 to ?18,000 per month, are insufficient,..

Adani Plans Rs 800Bn Investment

Adani Enterprises has announced plans to invest a staggering Rs 800 billion in the current fiscal year, signalling a significant push towards expansion and development across various sectors. This substantial investment underscores Adani's commitment to driving economic growth and infrastructure development in India.

The investment will be directed towards a diverse range of projects, including but not limited to infrastructure, construction, and energy. Adani Enterprises, a key player in India's infrastructure landscape, aims to leverage this capital infusion to bolster its existing pr..

IndiGo Expanding Regional Network with 100 Smaller Planes

IndiGo, the renowned player in India's aviation industry, is set to bolster its regional connectivity with a strategic move to acquire 100 smaller aircraft. This ambitious plan aligns with the airline's vision to broaden its reach and cater to burgeoning demand in untapped markets.

The decision to invest in a fleet of smaller planes underscores IndiGo's commitment to enhancing accessibility, especially in regions where conventional aircraft may face operational constraints. By venturing into this segment, the airline aims to seamlessly integrate remote destinations into its network, th..

Qatar Airways CEO urges Boeing, Airbus to reduce new jet delays

During the Qatar Economic Forum in Doha, Qatar Airways CEO Badr Mohammed Al Meer expressed concerns regarding the delivery delays of new aircraft from planemakers Airbus and Boeing. Al Meer emphasised the necessity for both companies to exert more pressure on their suppliers to address these delays, which are impeding airlines' capacity to meet the increasing demand for travel.

Al Meer stated that Qatar Airways is endeavouring to support both Boeing and Airbus in finding solutions to expedite deliveries. He acknowledged the challenges faced by the planemakers in the supply chain market..