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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 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 disrupting sectors such as cement, real estate, copper and, of course, airports, Gautam Adani is now turning to a business few dare to touch—airlines.
His Adani Group is set to be one of the two main beneficiaries of a proposed policy tweak by the Indian government that could allow airport operators to own more than a 10% stake in an airline. The other is GMR Group, which runs the country’s largest airport in Delhi. But conversations with multiple industry executives suggest that it is Adani—not G.M. Rao—who is actively exploring the idea of owning a commercial airline.
A Reuters …
As the low-cost carrier pushes through a compensation overhaul, the absence of a CEO is complicating a delicate moment.
The two new chief executives at Air India and IndiGo come with contrasting reputations but face the same challenge—do their predecessors one better.
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.
