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

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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 ...

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Vodafone Idea’s CEO reveals strategies amid crushing AGR dues, as fresh government dialogue and a .6 billion vendor deal emerge.

Vodafone Idea’s CEO reveals strategies amid crushing AGR dues, as fresh government dialogue and a $3.6 billion vendor deal emerge.

Vodafone Idea’s CEO, Akshaya Moondra, has announced that the company is in talks with the government regarding its adjusted gross revenue (AGR) dues amidst ongoing financial struggles. Following a recent Supreme Court ruling against telcos, including Vodafone Idea, which challenged the calculation of their substantial AGR liabilities, the company is focusing on raising debt funding ...

Market News

Qualcomm considers acquiring struggling Intel, sparking potential landmark deal amidst Intel’s drastic turnaround efforts and market decline.

Qualcomm considers acquiring struggling Intel, sparking potential landmark deal amidst Intel’s drastic turnaround efforts and market decline.

Qualcomm is exploring the possibility of acquiring Intel amid the latter’s ongoing struggles in the semiconductor industry. The California-based company has proposed a friendly takeover, considering the purchase of all or part of Intel. This potential deal could be historic, especially as Intel faces significant challenges, including a sharp decline in its stock value over ...

Market News

Intel shares surged on takeover talks with Qualcomm, sparking hopes for a transformative deal in the struggling chip industry.

Intel shares surged on takeover talks with Qualcomm, sparking hopes for a transformative deal in the struggling chip industry.

Intel Corp. shares surged following reports from the Wall Street Journal that Qualcomm Inc. has approached Intel for a potential takeover, which could set a record for the semiconductor industry. Although discussions are ongoing, a deal is far from certain. Intel’s stock rose 3.4% to $21.87 but remains down 56% for the year, reflecting ongoing ...

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Congress alleges a “rigged deal” by the Adani Group for Maharashtra’s power supply, as the ruling government faces impending defeat.

Congress alleges a “rigged deal” by the Adani Group for Maharashtra’s power supply, as the ruling government faces impending defeat.

Congress MP Jairam Ramesh has accused the Mahayuti government in Maharashtra of facilitating a “rigged deal” after the Adani Group won a bid to supply 6,600 MW of bundled renewable and thermal power to the state. This comes as the government faces the prospect of a significant defeat in the upcoming assembly polls. Ramesh criticized ...

Market News

Boeing’s shares surged after a tentative deal with its union, but a potential strike looms as workers vote on the contract.

Boeing’s shares surged after a tentative deal with its union, but a potential strike looms as workers vote on the contract.

Boeing’s stock rose 3.7% after the company reached a tentative agreement with its largest union, representing over 32,000 workers, avoiding a potential strike. This deal is the first major negotiation led by new CEO Kelly Ortberg, who took charge just a month ago amid challenges. The proposed four-year contract includes a 25% wage increase, which ...

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