Ron Malka, former envoy of Israel to India, has said that he has assumed charge as the executive chairman of the Haifa Port Company (HPC) owned by a consortium led by the ports-to-energy conglomerate Adani Group. A consortium of Adani Ports and Special Economic Zone (APSEZ) and Israel's Gadot Group won the tender in July last year to privatise the strategic Port of Haifa in Israel for $1.18 billion. "I'm honoured and privileged to take office today as executive chairman of the Haifa Port Company, on behalf of @AdaniOnline.
'The government is actively engaging with EU to ensure that concerns of Indian companies and hard-to-abate sectors are adequately addressed under CBAM'
Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday said it has decided to exit its investment in Myanmar by June next year. APSEZ, the largest port developer in India, is part of the globally diversified Adani Group. "The Board has decided to actively work on a plan on exiting Company's investment in Myanmar including divestment opportunities (expected to be concluded by March - June 2022)," APSEZ said in notes to its second quarter results.
Maharashtra Chief Minister Devendra Fadnavis on Thursday inaugurated the final 76-km-long stretch of the Samruddhi Mahamarg, making the entire 701-km Mumbai-Nagpur corridor fully functional and bringing down the travel time between the two cities to eight hours from around 18 hours.
The US has sanctioned an Indian national based in the United Arab Emirates and two India-based entities for operating as part of Iran's shadow fleet and involved in shipping Iranian oil. The US Department of the Treasury said Jugwinder Singh Brar, who owns multiple shipping companies, operates as part of Iran's shadow fleet, which the US said is used to evade sanctions and transport Iranian oil. Brar also owns or controls India-based shipping company Global Tankers Private Limited and petrochemical sales company B and P Solutions Private Limited. The sanctions come as part of a US campaign of maximum pressure on Iran and target the country's petroleum and petrochemical sectors.
Stock market benchmark indices Sensex and Nifty tumbled over 1 per cent each on Friday as tensions soared between India and Pakistan, fuelling fears of a wider conflict.
The reality is that far from being friendless, India is better positioned in the world than at any point post-Cold War, asserts Shekhar Gupta.
The Adani Group plans to invest a record $15-20 billion across businesses over the next five years to chart out the next phase of growth, chairman Gautam Adani said on Tuesday as he touted the conglomerate's strong balance sheet and robust business to shrug off relentless scrutiny it faces. Record earnings from the businesses ranging from seaports to airports, renewable energy parks to data centres, cement to gas and electricity has built India's largest infrastructure group that not only exists just to serve the markets but to serve the nation's destiny, he said.
Prime Minister Narendra Modi cut short his two-day visit to Saudi Arabia and returned to New Delhi on Tuesday night following a deadly terrorist attack in Jammu and Kashmir. Modi, who held bilateral talks with Saudi Crown Prince Mohammed bin Salman in Jeddah, skipped an official dinner hosted on Tuesday to address the crisis. He was originally scheduled to return to India on Wednesday night. The attack, claimed by The Resistance Front (TRF), a proxy of the Pakistan-based Lashkar-e-Taiba (LeT) terrorist group, prompted an urgent internal meeting at the Ritz Carlton hotel in Jeddah, attended by Modi, National Security Adviser Ajit Doval, and other senior officials.
India's Group Captain Shubhanshu Shukla and three other astronauts on Thursday reached the International Space Station as the Dragon spacecraft docked with the orbital laboratory.
The Vikram-I rocket will fly with its maximum carrying capacity and put the satellites in a Low Earth Orbit.
Benchmark equity indices Sensex and Nifty surged more than 1 per cent on Monday, registering their fifth day of rally on the back of buying in banking and IT shares after encouraging quarterly earnings and foreign fund inflows. The 30-share BSE Sensex jumped 855.30 points or 1.09 per cent to settle above the 79,000 mark at 79,408.50.
Vanuatu offers citizenship to people who are willing to invest $150,000 in the country.
Images from Day 4 of the second Test between England and India at Edgbaston, in Birmingham, on Saturday.
The Indian government has dismissed claims of a suicide attack on an Army brigade in Jammu and Kashmir and a drone attack in Punjab as "fake news." The Press Information Bureau's Fact Check Unit found the claims to be false and attributed the spread of disinformation to coordinated efforts by certain social media handles and mainstream media in Pakistan. The government urged citizens to rely on verified sources and refrain from sharing unverified content.
