PresSwow

  The 59-year-old Gujarati entrepreneur is marching relentlessly into newer fields On May 15, Gautam Adani became India's second-largest cement maker, after acquiring controlling stakes in two of India's leading cement companies — Ambuja Limited and ACC Limited — from Swiss major Holcim Ltd, in a $10-billion mega deal. A day before, his group picked up a 49 per cent stake in digital news platform Quintillion Media. From old economy businesses to new-age platforms, Adani wants a finger in all pies. Read More : https://www.thehindubusinessline.com/specials/corporate-file/gautam-adani-cementing-his-portfolio/articl e65439045.ece

Billionaire Gautam Adani ’s top executive in Australia is calling for more support for a coal sector that’s being shunned by banks and insurers in the shift away from fossil fuels. Lawmakers must protect the industry by “ensuring coal communities can access reasonably priced finance and insurance services,” Lucas Dow, chief executive officer of Adani Australia, said Thursday in a text of a Sydney speech. “It’s time for our political leaders of all colors to step in and act where the market has failed.” Dow’s appeal comes before a national election on May 21 in which the role of coal, the nation’s second-biggest commodity export, is again the focus of debate. A squeeze on international energy markets due to the war in Ukraine is lifting short-term demand for Australian coal, while legislators are also being pressed to accelerate climate action and plan for a future in which the fuel’s global role diminishes. Read More : https://www.bqprime.com/bloomberg/coal-needs-support-says-adani-uni...