Adani loses $13 billion in four days in worst wealth devastation last week

Indian billionaire Gautam Adani’s dream run up the global wealth rankings is faltering after a media report raised questions about some offshore investors. The news triggered a stockmarket rout in his conglomerate’s six listed stocks. The 58-year-old tycoon has lost more money this week than anyone else in the world, with his personal fortune tumbling by about […]

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Pacific Investment Management to pull out of future Adani Ports investment on environmental concerns

Pacific Investment Management Co. (PIMCO), which is seeking to decarbonise its investment portfolio, has stopped participating in the bond offerings of Adani Ports & Special Economic Zone Ltd. because of Adani’s links to a controversial coal project Australia.  Pimco, which is owned by Germany’s Allianz SE, did not participate in Adani Ports’ $500 million bond […]

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Adani Enterprises ties up with Italy’s Maire Tecnimont to develop green hydrogen projects in India

Adani Enterprises has teamed up with two subsidiaries of Italian firm Maire Tecnimont S.p.A—NextChem, Stamicarbon and MET Development (MET DEV) –to develop green hydrogen projects in India. The Italian companies have entered into a Memorandum of Understanding (MoU) with Adani Enterprises Ltd (AEL) to explore the development of industrial projects using NextChem and Stamicarbon’s technologies […]

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Chinese state-owned enterprises, banks set to finance Adani Group’s coal mine in Australia – report

India’s Adani Group is close to securing finance for its controversial coal mine and railway project in Australia’s Queensland state, ABC news reported. It said on its website that an announcement is expected in coming weeks that Chinese state-owned enterprises, banks, and export credit agencies will back the venture that Australian banks have declined to […]

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