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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.
The two groups are in the middle of a little-discussed, high-stakes legal battle over a transmission line in Mumbai that has huge ramifications for the power sector.
A tense legal battle is underway between the Tata and Adani groups—two of India’s biggest conglomerates—for a Rs 7,000 crore underground electricity transmission cable in the heart of Maharashtra.
In March this year, the Maharashtra Electricity Regulatory Commission awarded the transmission project to Adani Electricity Mumbai Infra Ltd (AEMIL), a subsidiary of Adani Electricity Mumbai Ltd (AEML), which in turn is a subsidiary of Adani Transmission Ltd. With this project, the Adani group would be able to tap an additional 1,000 megawatts worth of electricity to be supplied to the Mumbai Metropolitan Region.
The project was originally conceived in 2011 …
Government subsidies have drawn companies into basic chip packaging, where China and Malaysia already hold an edge. Moving up the value chain may prove to be a stiff task.
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.
