Adani Group to raise Bihar investment by 10 times to Rs 8,700 crore
Thursday, 14 December 2023 Adani Group will increase investment in Bihar by 10 times, taking it to Rs 8,700 crore. The group will explore untouched sectors like warehouse and paddy processing. Adani Wilmar, a food and beverage conglomerate, will also launch operations in the state. The group has already invested Rs 850 crore and aims to create 10,000 jobs. They will invest Rs 1,200 crore in warehouses, set up a paddy processing plant with Rs 800 crore, and expand gas distribution with Rs 200 crore investment.
Macy’s Shares Rise After , Reportedly Receiving $5.8 Billion Buyout Offer.
According to a person with knowledge of
the situation, an investor group has offered
$5.8 billion to take Macy's private, Reuters reports. .
The group reportedly consists of
Arkhouse Management and Brigade...
As the counting trend suggested major gains for the Opposition's INDIA alliance in the Lok Sabha election, Rahul Gandhi slammed the Narendra Modi-led government and said that the Opposition fought this election not just against the BJP but all the institutions it had "captured." "We fought this election against the Bharatiya Janata Party, Indian governance structure, probe agencies, judiciary and other public institutions, since these all had been captured by the Modi government," Gandhi said. "The public directly related Modi and Adani. If Modi loses, the stock market says Modi is gone so Adani is gone. There is a direct relationship of corruption between them," he alleged. Indian stocks suffered their worst intraday fall since March 2020 on Tuesday, as vote counting trends in the general election suggested Prime Minister Narendra Modi's alliance was unlikely to win the overwhelming majority predicted by exit polls.
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Witness the aftermath of the Lok Sabha Election Results 2024 as Adani Group shares plummet by billions, sparking a bloodbath in the share market. Join Oneindia for in-depth analysis and real-time updates on the economic repercussions of this seismic political event.
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Thursday, 14 December 2023
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