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Adani's bid to buy out AES from Odisha Power falls apart

Infrastructure

24 December, 2020

Adani's bid to buy out AES from Odisha Power falls apart

The Odisha government has scuttled the plans of billionaire Gautam Adani-controlled Adani Power Ltd to acquire a 49% stake in ......

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Flashback 2020: Infrastructure growth collapses but Adani, Ambani seal big deals

Infrastructure

24 December, 2020

Flashback 2020: Infrastructure growth collapses but Adani, Ambani seal big deals

In an economic downturn, spending on the infrastructure sector is usually the biggest, if not the first, casualty.  As the Indian ......

Grapevine: Google eyes Twitter-backed ShareChat; Apollo Global joins fray for BPCL

General

24 November, 2020

Grapevine: Google eyes Twitter-backed ShareChat; Apollo Global joins fray for BPCL

Google is in preliminary talks to acquire Twitter-backed regional language social media platform ShareChat at a valuation of over a ......

Italy's Snam stitches hydrogen, gas deals with Adani, GIC-backed Greenko

Infrastructure

06 November, 2020

Italy's Snam stitches hydrogen, gas deals with Adani, GIC-backed Greenko

Italian gas group Snam has taken its first steps into India by signing a series of deals involving hydrogen and ......

BASF puts $4 bn chemical complex with Adani, others on hold due to COVID-19

Manufacturing

05 November, 2020

BASF puts $4 bn chemical complex with Adani, others on hold due to COVID-19

German chemicals maker BASF said on Thursday it had put a project to build a petrochemicals complex in India worth ......

Grapevine: Adani leads race for Sri Lanka project; AXA to exit Mahindra group company

General

04 November, 2020

Grapevine: Adani leads race for Sri Lanka project; AXA to exit Mahindra group company

The Adani group has emerged as a frontrunner to develop Sri Lanka’s stalled East Container Terminal at Colombo port, Bloomberg ......

Grapevine: ReNew looks to list abroad; Mahindra Susten gets offers for solar assets

General

19 October, 2020

Grapevine: ReNew looks to list abroad; Mahindra Susten gets offers for solar assets

India’s largest clean energy firm, ReNew Power Ventures, is looking for an overseas listing, two people aware of the matter ......

Grapevine: LIC to sell stake in IDBI Bank; two left in race for Piramal's glass unit

General

16 September, 2020

Grapevine: LIC to sell stake in IDBI Bank; two left in race for Piramal's glass unit

Life Insurance Corporation of India (LIC) is planning to gradually sell its stake in IDBI Bank nearly two years after ......

Grapevine: Walmart eyes Reliance Retail stake; talks resume for Vodafone stake

General

03 September, 2020

Grapevine: Walmart eyes Reliance Retail stake; talks resume for Vodafone stake

Indian conglomerate Reliance Industries is in discussions to sell a minority stake in its retail arm, Reliance Retail Ventures, to ......

Adani seals deal with GVK to take control of Mumbai airport

Infrastructure

31 August, 2020

Adani seals deal with GVK to take control of Mumbai airport

Billionaire Gautam Adani-led Adani Group has signed a deal to acquire a controlling stake in the Mumbai airport from debt-laden ......