Adani Ports & SEZ’s 26% dip in net profit did not deter the share price from surging 3.7% on Wednesday morning to trade at Rs 347 apiece, when benchmark indices were seen slipping into the red.
Karan Adani will take over the top job from outgoing CEO Sudipta Bhattacharya, who is moving to the US as the CEO for North America, APSEZ said in a regulatory filing.
Gautum Adani put the proposal before the Australian government during an hour-long meeting with Prime Minister Malcolm Turnbull in early November, Fairfax Media reported on Wednesday.
The Gautam Adani-led company has set a target of exceeding 200 MT of cargo handling by 2020 at an investment of Rs 9,000 crore, but it is likely to achieve it by 2018.
Given how the entry of Foxconn could simply change the face of electronics manufacturing in India – it could do what Maruti Suzuki did for the automobile sector by incubating top-quality ancillaries that could feed other as
Adani's plan to build one of the world's largest coal mines in Australia today suffered a setback after a court revoked the govt's environmental approval for the $16.5 bn project.