The Bombay High Court dismissed a petition challenging the Maharashtra government's decision on the Dharavi slum redevelopment project in Mumbai. The court upheld the tender awarded to Adani Properties Private Limited, stating that the grounds raised in the petition lacked force. The Adani Group emerged as the highest bidder for the project in the 2022 tender process, after the previous tender in 2018 was cancelled.
The recent Bihar Investor Summit 2024 saw a number of major announcements in the renewable energy sector, with NHPC pledging to invest Rs 5,500 crore, IOC announcing an investment of Rs 21,000 crore for refinery expansion, and NTPC revealing plans for a nuclear project. The Adani Group also announced a major investment of Rs 20,000 crore in a power plant in the state. With a focus on boosting industrial growth, the summit showcased Bihar's potential for investment in the renewable energy sector, particularly in fields like manufacturing and leather industry. The state has already attracted over 3,800 industry proposals, as confirmed by the Chief Secretary.
The state of Bihar is gearing up for its Investor Summit 2024, which will focus on highlighting the investment potential and growth opportunities in the manufacturing, renewable energy, and leather industries. With major corporations like Adani Group, IOC, Shree Cement, NTPC, and NHPC announcing multi-billion rupee investments in power plants, refineries, and cement plants, the state is set to attract a huge influx of capital and boost its economic development. The summit, scheduled for December 2024, is expected to provide a platform for investors to engage with government officials and business leaders and explore potential partnerships and collaborations. With the aim to transform Bihar into a vibrant industrial hub, the state government is leaving no stone unturned to showcase its strengths and attract investments.
Congress leader Rahul Gandhi delivered a strong speech during the Lok Sabha discussion on India's Constitution, denouncing the BJP and its ideological mentor RSS. He invoked Mahabharata references to accuse the government of metaphorically severing the thumbs of citizens through various policies such as the Agniveer scheme and handing over businesses to Adani and Ambani. He also criticized the government for its handling of ongoing farmers' protests.
Adani Airport Holdings Limited's Sardar Vallabhbhai Patel International Airport in Ahmedabad has been recognized for its exceptional commitment to energy conservation, making it the only airport in India to receive the prestigious Certificate of Merit at the 'National Energy Conservation Awards 2024'. The airport's commitment to sustainability extends beyond energy conservation, with initiatives in place to reduce its environmental impact through waste reduction, recycling, and the use of fully renewable energy sources. By embracing innovative technologies and sustainable practices, SVPI Airport is setting a new benchmark for the aviation industry.
During a discussion on the 75th anniversary of the adoption of the Constitution of India in the Lok Sabha, opposition leader Rahul Gandhi pointed out the BJP's contradictory stance on the Constitution and its ideology. He quoted Veer Savarkar, a key figure in the RSS and BJP's ideology, who had stated that there is nothing Indian about the Constitution and that it should be superseded by the Manusmriti. Gandhi also highlighted the BJP's questionable actions, such as handing over Dharavi and other national assets to Adani, which goes against the principles of economic and social equality outlined in the Constitution. He also announced plans for a Caste Census to shed light on the marginalized communities that have been neglected by the ruling party.
Adani Total Gas, a subsidiary of the Adani Group, saw a surge in their share price after securing USD 375 million in funding. However, this positive news was followed by reports of city gas prices expected to rise by Rs 2-3/kg due to lower APM gas prices. In the midst of this, the Adani Total Gas also announced a 6% increase in profits for the second quarter of the year. Despite the success of Adani Total Gas, other gas companies such as Indraprastha Gas and Mahanagar Gas saw a decline in their share prices due to cuts in gas supply.
The Congress party has demanded a Joint Parliamentary Committee (JPC) investigation into the alleged discovery of a bundle of currency notes on Congress MP Abhishek Manu Singhvi's designated seat in the Rajya Sabha. The BJP has accused the Congress of trying to suppress the incident and divert attention from the Adani issue. Amidst all this, Singhvi has denied any knowledge of the incident and claims to carry only one Rs 500 note when attending Parliament sessions.
Opposition MPs, led by Rahul Gandhi and Priyanka Gandhi, protested against the Adani issue at the Parliament premises in New Delhi. The MPs wore jackets emblazoned with the words "Modi Adani Ek Hai, Adani safe hai" in a symbolic protest. Congress leaders Gaurav Gogoi and Jairam Ramesh were also seen wearing the jackets as they demanded a discussion on the Adani matter in Parliament, leading to the stalling of proceedings.
PMK founder Dr S Ramadoss has demanded an apology from Tamil Nadu Chief Minister MK Stalin for ridiculing his father and senior politician. This follows Stalin's dismissal of Ramadoss's claim of a secret meeting with Gautam Adani. In an earlier statement, Ramadoss had demanded an explanation from Stalin for the Adani group's ties with Tamil Nadu Power Generation and Distribution Company (TANGEDCO). The tension between the two leaders escalated when Ramadoss's son, PMK leader Dr Anbumani Ramadoss, called out MK Stalin for his disrespectful remarks and highlighted his father's contributions to caste-based reservations and the DMK minority government in 2006.