Mining conglomerate Vedanta beat Gautam Adani’s Group to make a winning bid for the acquisition of debt-ridden Jaiprakash Associates (JAL) for ₹17,000 crore, PTI reported citing sources. The bid value translates into Jaiprakash Associates’ net present value (NPV) of ₹12,505 crore. Jaiprakash Associates, which has interests in real estate, cement, power, hotels and roads, was…
New Delhi, August 28, 2025 -The Competition Commission of India (CCI) has approved the Adani Group’s proposal for the acquisition of up to 100% shareholding of Jaiprakash Associates Limited (JAL). JAL will be acquired by entities within the Adani group, including Adani Enterprises Limited (AEL), Adani Infrastructure and Developers Private Limited (AIDPL), and/or other entities. The…
Vedanta Group has won the bid for acquisition of troubled business Jaiprakash Associates (JAL), with an offer of ₹17,000 crore, beating out the Adani Group, PTI reported on September 5, citing sources. The mining conglomerate’s ₹17,000 crore comes as JAL is undergoing insolvency proceedings after it defaulted on payment of loans. The bid value translates…
Nurses at two Philadelphia suburban hospitals have been recognized for their work. Not with a plaque or banner, but an anonymous donor is stepping up to help them with their student loans. For nurses at Paoli Hospital, it all began with an email that arrived this week. “I was instantly in shock and I said,…
Article content Should Dana White tap out on the casino floor? Article content According to a report by casino.org, the CEO of UFC has a massive gambling debt with at least one casino. Article content The outlet, citing an anonymous source, claims that White owes more than $25 million to Red Rocks Casino – and…
Should Dana White tap out on the casino floor? According to a report by casino.org, the CEO of UFC has a massive gambling debt with at least one casino. The outlet, citing an anonymous source, claims that White owes more than $25 million to Red Rocks Casino – and it could potentially be even more.…
Sodium-ion battery startup Natron ceased operations this week, ending the company’s 12-year quest to commercialize its technology in the U.S. The company had $25 million worth of orders lined up for its Michigan factory, but it couldn’t deliver them until it had UL certification, according to Raleigh’s The News and Observer, which reported on the…
Brazil’s Lula announces $2.2 billion debt relief package for farmers MSN Read the original article here
Brazil’s Lula announces $2.2 billion debt relief package for farmers MSN Read the original article here
A Quebec Superior Court judge has declared the North American branch of battery manufacturer Northvolt insolvent as the provincial government seeks to recover $260 million owed to it. Justice Janet Michelin on Friday placed Northvolt Batteries North America under creditor protection following a request earlier in the week from the province. Northvolt laid off its…