Narendra Modi, the frontrunner to become India’s next prime minister, said he deserves the death penalty if any allegations about his involvement in sectarian riots that took place 12 years ago are proven true.
Minutes after tycoon Ratan Tata abandoned a two-year quest to build the world’s cheapest car in West Bengal over farmer protests, he got a text message from the frontrunner to be India’s next leader: “Welcome to Gujarat.”
Anglo American Plc’s decision to quit plans for a coal port expansion in Australia leaves Indian billionaires G.V. Krishna Reddy and Gautam Adani as the last major investors left looking at extending the terminal.
Billionaire Gautam Adani’s port unit has failed to win security clearances needed to expand operations because it is being investigated by the Indian government for possible money laundering, according to three people familiar with the matter. The stock slumped.
Adani Enterprises Ltd. , India’s biggest coal importer, may sell shares in a unit that holds mining rights in the Asia-Pacific region to international investors and use the proceeds to add energy assets.
The Adani Group, owner of India’s biggest coal importer, said it will continue to invest in Indonesia even after the Southeast Asian nation imposed rules requiring foreign mining companies to reduce their local stakes.
Coal’s worst slump in seven years has failed to deter GVK Group and Adani Enterprises Ltd. from pressing ahead with a $21 billion bet on Australia’s Galilee Basin as other companies shelve projects amid rising costs.
Adani Shipping Pte Ltd., a unit of India’s Adani Enterprises Ltd. , bought two ships to transport coal from the group’s mines in Indonesia and Australia, the company said in an e-mailed statement today.
Adani Enterprises Ltd. is in talks with Hancock Coal about sharing a rail line in Queensland state to transport the fuel used in power plants to ports on the east coast, the Australian Financial Review reported, citing an interview with Chairman Gautam Adani. The Indian company hasn’t had discussions with Hancock about buying a stake in its coal assets, the newspaper said, citing Adani.