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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.
A key proposal by three of the conglomerate’s airports has been turned down by authorities. There are also concerns about corporate governance and profiteering at the expense of flyers.
The Adani group’s airport business has over the past year and a half suffered several setbacks. A key regulator turned down proposals on how the conglomerate’s airports would operate commercially.
The group currently operates seven airports under Adani Airport Holdings Ltd (AAHL), which is a subsidiary of Adani Enterprises, the conglomerate’s flagship company. These airports are in Mumbai, Ahmedabad, Thiruvananthapuram, Mangaluru, Jaipur, Lucknow and Guwahati.
In three different instances since August 2022, the Airports Economic Regulatory Authority (AERA), the government body that regulates tariffs charged by airports, has turned down proposed commercial structures to operate and generate revenues in three …
A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.
After a strong listing, Vedanta Aluminium Metal is running into some headwinds. Aluminium prices are easing, but the sharper challenge is rising competition from Kumar Mangalam Birla and Gautam Adani.
The Manoj Chacko-led regional airline has had a promising start. Will the lessons of the past keep it on course while it expands?
