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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.
While both giants are set to spend billions in the nascent industry, the Mukesh Ambani-led conglomerate has a clear advantage over the Adani group.
This week, billionaires Gautam Adani and Mukesh Ambani made big announcements on their competing efforts to produce green hydrogen as a fuel.
Adani said his group will set up three gigafactories in India to make solar modules, wind turbines and hydrogen electrolysers. Meanwhile, Reliance Industries announced that it will buy a majority stake in California-based solar energy software developer SenseHawk, as part of its renewable energy initiatives.
Both announcements are key to boosting the two conglomerates’ clean energy ambitions, for which they are pouring billions of dollars.
In all, Reliance Industries will invest $10 billion (roughly Rs 80,000 crore) over …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
ADNOC’s strong numbers underline a strategy built on higher output, shipping gains and new routes that sidestep the risky Strait of Hormuz.
