While Indian infrastructure attracts investment, it often suffers cost and time overruns, and poor monitoring. The Bangalore Metro Rail Project, initially estimated to cost Rs 6,395 crore, is now likely to cost Rs 11,609 crore. Its first phase opens this month—five years after work began.
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Enterprise
S&P Global Ratings slashes outlook on Adani Ports to ‘negative’
S&P Global Ratings revises to negative the outlook on Adani Electricity Mumbai Ltd and Adani Ports and Special Economic Zone Ltd.
Kenya President Ruto scraps airport, power transmission deals with Adani
The deals include $1.85 bn Adani Group investment in Kenya’s main airport and a $736 mn PPP agreement to build power transmission lines.
Adani Group shares tumble up to 6.6% on day 2 amid U.S. bribery allegations
Seven of the 10 listed Adani entities opened in red today; the top loser among them was Adani Energy Solutions, trading 6.68% lower on the BSE
Exclusive: IHG Hotels to bring high-end luxury formats like Regent to India
Luxury requires higher investment and long gestation periods, but it does pay back, says Haitham Mattar
Enterprise
S&P Global Ratings slashes outlook on Adani Ports to ‘negative’
S&P Global Ratings revises to negative the outlook on Adani Electricity Mumbai Ltd and Adani Ports and Special Economic Zone Ltd.
Kenya President Ruto scraps airport, power transmission deals with Adani
The deals include $1.85 bn Adani Group investment in Kenya’s main airport and a $736 mn PPP agreement to build power transmission lines.
Adani Group shares tumble up to 6.6% on day 2 amid U.S. bribery allegations
Seven of the 10 listed Adani entities opened in red today; the top loser among them was Adani Energy Solutions, trading 6.68% lower on the BSE
Exclusive: IHG Hotels to bring high-end luxury formats like Regent to India
Luxury requires higher investment and long gestation periods, but it does pay back, says Haitham Mattar