Winning the tender to redevelop the sprawling slum three-and-a-half years after losing to a consortium puts his group on course to becoming a top real estate player in Mumbai.
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Kumar Mangalam Birla-owned Hindalco faces its most serious challenge yet from Gautam Adani’s Kutch Copper. Neither side is willing to cede ground in a battle royal seen as a plus for copper-starved India.
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The US indictment alleging bribery for solar contracts by the company’s promoters and management has activated many potential issues in loan agreements signed by the renewables major.