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EXPLAINED: 2 | Vintage Vibes

Uber CEO Dara Khosrowshahi on India bets, Travis Kalanick, jobs in the AI era & more

Uber CEO Dara Khosrowshahi anticipates India becoming its largest market in a decade, highlighting dynamic growth and talent. The company is investing in tech centres and a data centre partnership with Adani Group, while exploring logistics and local commerce opportunities.

The Economic Times

Macro stability key for next leg of market rally: Sandip Sabharwal

Indian equity markets recovered despite early volatility, with fuel price hikes and easing Adani concerns providing support. Market expert Sandip Sabharwal emphasizes that global macro factors like commodity prices, inflation, and Middle East tensions will now dictate market direction, overshadowing corporate earnings.

The Economic Times

Adani Power vs. Green vs. Energy: Why mutual funds are betting billions on this electrification trio

Indian mutual funds are significantly increasing their stakes in Adani Power, Adani Green Energy, and Adani Energy Solutions. This strategic shift indicates a strong conviction in India's electrification drive. These companies are seen as key players in meeting the nation's growing demand for electricity driven by data centers, electric vehicles,…

The Economic Times

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Rs 1,435 crore Adani Enterprises block deal sees GQG sell stake to India's largest mutual fund

Marquee investor GQG Partners offloaded nearly 58.9 lakh shares of Adani Enterprises for approximately Rs 1,435 crore in a significant block deal. SBI Mutual Fund acquired the entire stake at Rs 2,435.6 per share. This transaction occurred as Adani Enterprises' stock experienced a sharp rally, climbing as much as 9%…

The Economic Times

There's more to Uber’s India data centre bet than meets the eye

Uber is setting the stage for its first-ever data center in India through a strategic alliance with the Adani Group. This development not only accentuates India's pivotal role in the global tech arena but also highlights the significance of local data processing and artificial intelligence. For Uber, this venture paves…

The Economic Times

Adani Group is jumping into Europe's deep waters. What can happen

Adani Ports is making a significant leap beyond traditional port operations, venturing into Europe's complex offshore and subsea market. Through a new partnership with Oceaneering International and its Astro Offshore arm, the company aims to become a global maritime infrastructure and offshore-services platform, focusing on deepwater engineering and underwater infrastructure…

The Economic Times

What did Ravi Nair tweet about Adani to land a prison sentence and a fine?

A magistrate court in Gujarat, on Tuesday, February 10, has sentenced investigative journalist Ravi Nair to one year of imprisonment and imposed a fine of Rs 5000 in a criminal defamation case filed by Adani Enterprises Limited. Ravi is an independent journalist, who has consistently reported on corporate monopoly and…

Newslaundry

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Another round of massive layoffs likely at NDTV, nearly 100 get notices

Adani-owned NDTV appears to be heading toward another round of layoffs, with employees across departments being put on performance improvement programmes.

Newslaundry

Why is Arnab suddenly anti-govt? Spoiler: He's not, he's ‘pro-people’

During a live AMA (ask me anything) with viewers on Republic TV last night, the channel's editor-in-chief, Arnab Goswami, addressed a question that has been weighing on their minds: Why has he recently taken positions opposing the government on various issues?

Newslaundry

Environmental activist Ben Pennings declares ‘massive victory’ after Adani drops its years-long legal pursuit

Queensland supreme court orders Pennings, a campaigner against the Carmichael coalmine, not to seek to acquire Adani’s confidential information

The Guardian - AU

‘It’s hell for us here’: Mumbai families suffer as datacentres keep the city hooked on coal

As Mumbai sees increased energy demand from new datacenters, particularly from Amazon, the filthiest neighbourhood in one of India’s largest cities must keep its major coal plants

The Guardian - US

ABP deletes post on ex-minister’s big allegations against Adani

Days before the first phase of Bihar polls, BJP leader and former union power minister Raj Kumar Singh accused the Nitish Kumar-led NDA government of a Rs 62,000 crore electricity scam in an interview with ABP News. Singh alleged that the Bihar government had signed a deal with Adani Power…

Newslaundry

Morning Mail: Giuffre memoir details Mar-a-Lago encounter, Adani denies coal claim, alarm over rainforest ‘switch’

Exclusive extract from Virginia Giuffre’s posthumous memoir recalls ‘apex predator’

The Guardian - AU

Adani denies claims it sold ‘below-market coal’ leading to Queensland missing out on hundreds of millions in royalties

Adani has strongly rejected the Australia Institute’s findings, including that customers paid an average of $102 a tonne in 2022-23

The Guardian - AU

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AAP

'Call to arms': peak body joins coal royalties fight

A resources sector peak body has issued a "call to arms" urging businesses to join the fight against a state government's controversial coal royalties scheme.

AAP

Fire still burning for custodians in fight against mine

A fire has kept burning on a coal mining lease for four years, with cultural custodians celebrating the anniversary with talks, music and ceremony.

Newslaundry

The real story behind Assam’s 3,000-bigha land row

A video clip from a Gauhati High Court hearing has been raging across social media. It shows Justice Sanjay Kumar Medhi, visibly astonished, reacting to the allotment of 3,000 bighas of land in Assam’s Dima Hasao district to a private cement company.

The Guardian - AU

Afternoon Update: Australia to recognise Palestine; British backpacker pleads guilty to causing e-scooter death; and becoming smitten with a kitten

PM says a two-state solution was ‘humanity’s best hope to break the cycle of violence in the Middle East’

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The Guardian - AU

Morning Mail: Albanese eyes universal childcare; Netanyahu defends Gaza occupation plan; confusion over Ukraine peace summit

Consultants brought in to design universal childcare system; Netanyahu resists criticism of Gaza plan; interest rate cut may bring relief to Australian households

The Guardian - AU

Adani promised Australia billions from its Carmichael mine but it hasn’t paid a cent in tax. How did we get here?

The coalmine generated millions in revenue in its early days but recorded an operating loss – a pattern that would repeat at scale

The Guardian - AU

The Productivity Commission has proposed a ‘cashflow tax’ for business. What does that mean?

The fact businesses cannot deduct financing costs means companies like coalminer Adani would not be able to avoid paying virtually any tax

The Guardian - AU

Morning Mail: Adani’s ‘sustainable’ coal claim denounced, NSW religious school boom, tsunami fears subside

Mining company’s coal exports are not helping sustainability, scientists say; new NSW data shows popularity of religious schools growing

The Guardian - AU

Adani claims its export program helps contribute to sustainable energy – but experts say that’s ‘wilful disinformation’

Indian conglomerate’s claim about exporting coal and its role for developing nations is ‘meaningless sustainability waffle’ and amounts to greenwashing, one says

The Guardian - AU

Morning Mail: Clare pledges childcare action, Harbour Bridge Gaza protest row grows, questions over Adani’s tax bill

Education minister tells Guardian Australia about plans for better safety and standards; pro-Palestine activists set for fight over protest march

The Guardian - AU

Despite $22bn promise, Adani has paid zero corporate tax in Australia and experts think it won’t ever pay a cent

Adani’s Australian assets regularly report annual losses despite strong revenue, in part due to big related-party payments

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