Articles for tag: Adanis, Airport, Allegations, Controversial, Corruption, Deal, Erupt, Gautam, Government, Kenya, Lawsuits, marred, Protests, Secrecy

Market News

Protests erupt in Kenya over Gautam Adani’s controversial airport deal, marred by lawsuits, corruption allegations, and government secrecy.

Protests erupt in Kenya over Gautam Adani’s controversial airport deal, marred by lawsuits, corruption allegations, and government secrecy.

Gautam Adani’s proposal to manage Kenya’s primary airport has led to widespread protests, legal challenges, and Senate hearings. The Adani Group is facing scrutiny amid allegations of corruption and a Swiss money laundering probe. A Kenyan court has frozen the deal, which would allow Adani to run Jomo Kenyatta International Airport for 30 years, fueling ...

Market News

The Supreme Court upheld GMR Airports’ operation of Nagpur Airport, dismissing curative petitions by the Centre and AAI.

The Supreme Court upheld GMR Airports’ operation of Nagpur Airport, dismissing curative petitions by the Centre and AAI.

The Supreme Court has closed the curative petitions from the Centre and Airports Authority of India regarding its 2022 decision that allows GMR Airports to upgrade and operate Nagpur’s Babasaheb Ambedkar International Airport. The Court’s ruling confirmed GMR Airports’ rights to manage the airport. Solicitor General Tushar Mehta, representing the Centre, argued that there were ...

Market News

Airport or Airstrip? Patnaik’s Election Eve ‘Inauguration’ Raises Eyebrows and Doubts in Malkangiri’s Mismanaged Skies!

Malkangiri Airport’s recent inauguration by former Chief Minister Naveen Patnaik has raised serious concerns, as it reportedly lacked approval from the Directorate General of Civil Aviation (DGCA). An RTI inquiry revealed that no aerodrome license has even been applied for, prompting questions about whether it was an actual airport or just an airstrip. Criticism has ...

Market News

Chaos erupted at Delhi airport as passengers protested the cancellation of SpiceJet’s flight to Darbhanga, voicing their frustration loudly.

Chaos erupted at Delhi airport as passengers protested the cancellation of SpiceJet’s flight to Darbhanga, voicing their frustration loudly.

SpiceJet recently faced backlash after canceling its flight from Delhi to Darbhanga, prompting an angry protest by passengers at the airport. A video capturing the scene quickly circulated on social media, showing frustrated travelers shouting slogans in response to the disruption. An airline spokesperson explained that the cancellation of flight SG 495 was due to ...

Market News

Kalpataru Projects secures ₹2,774 crore in new orders, expanding into airport construction and enhancing its global engineering footprint.

Kalpataru Projects secures ₹2,774 crore in new orders, expanding into airport construction and enhancing its global engineering footprint.

Kalpataru Projects International Ltd (KPIL), a leading engineering and construction company in India, has secured new orders worth Rs 2,774 crore. These projects include significant work in Transmission & Distribution overseas and an EPC project for the Airports Authority of India, as well as a Design & Build project for residential buildings in India. Manish ...

Market News

A Kenyan court halts Adani’s 30-year airport lease amid constitutional challenges, sparking dramatic controversy over public funds and governance.

A Kenyan court halts Adani’s 30-year airport lease amid constitutional challenges, sparking dramatic controversy over public funds and governance.

A Kenyan court has halted a government agreement that would allow India’s Adani Airport Holdings Ltd. to manage Nairobi’s main airport for 30 years. This legal decision comes as concerns arise over whether leasing Jomo Kenyatta International Airport (JKIA) to a private entity aligns with Kenya’s constitutional principles regarding good governance and accountability. Critics argue ...

Market News

Adani Group expands globally, launching subsidiaries in China and Kenya to enhance supply chain capabilities and airport operations.

Adani Group expands globally, launching subsidiaries in China and Kenya to enhance supply chain capabilities and airport operations.

Adani Group is expanding its global footprint by establishing a new subsidiary in China called Adani Energy Resources (Shanghai) Co. (AERCL), which will focus on supply chain solutions and project management services. This new venture, registered on September 2, 2024, follows a similar move in Kenya with the formation of Airports Infrastructure PLC, aimed at ...

50 Current Affairs Questions and Answers for Business category as on May 19, 2024

50 Current Affairs Questions and Answers for Business category as on May 19, 2024

Stay updated with the latest happenings in the financial world with these 50 multiple-choice questions. Based on significant events and updates reported on May 19, 2024, this comprehensive quiz is perfect for those preparing for competitive exams or anyone keen on current affairs. Current Affairs Questions and Answers for Business category Q1: Which company announced ...

Current Affairs Question and Answers: Delhi-Bound Air India Flight Collides with Tractor, Leaving 200+ Passengers Stranded at Pune Airport

Today’s Current Affairs: In a surprising turn of events, a Delhi-bound Air India flight collided with a luggage tractor at Pune Airport, causing damage to one of the aircraft’s wings and a tyre. Thankfully, all passengers and crew were reported safe. The incident led to a delay in the flight’s departure, with passengers being deplaned ...

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