After weeks of tanking share prices in the publicly traded firms of the Adani Group—largely caused by the release of the Hindenburg Research Report, U.S. boutique investment firm GQG Partners Inc bought shares worth $1.87 billion in four Adani group companies: Adani Ports, Adani Green Energy, Adani Transmission and Adani...
Morgan Stanley: India to Become World’s Third-Largest Economy by 2030
In a report titled ‘The New India: Why This Is India's Decade", Morgan Stanley said India has the conditions in place for an economic boom. It could account for 20 percent of the growth that the world will generate. Ridham Desai, head of India-Equity Research, as well as the India...
At India's DefExpo 2018, Multinationals Ink Partnerships
India’s largest Land, Naval, and Internal Security System’s Exposition, DefExpo India, has become one of the largest events of its kind in the world for the last 10 years. Defense Expo 2018 was a four-day event at the southern city of Chennai, India. The tagline this year was "India: The...
India Commissions Largest Solar Plant in the World
Kamuthi, in the southern state of Tamil Nadu in India, now has the world’s largest solar power plant in a single location. With a capacity to produce 648 MW of electricity, the plant covers an area of 4 square miles. The project consists of 380,000 foundations, 2.5 million individual solar...
India's First Transshipment Port to Be Operational in 2018
India’s first Mega Transshipment Container Terminal at Vizhinjam, in the western state of Kerala will be developed by privately-owned Adani Ports and the Government of Kerala. Being built at a cost of $1 billion, the port is scheduled to be operational in 2018. Vizhinjam is located 10-12 nautical miles from the busy Persian Gulf...