Adani, IHC join hands for $11.5 billion aluminium project

MUMBAI: Abu Dhabi’s International Holding Company, which emerged as a key backer of the Adani Group following the Hindenburg-induced market turmoil in 2023, is deepening its partnership with the conglomerate through an $11.5 billion integrated aluminium project in Odisha.The partners have formed an equal joint venture to build a sprawling aluminium complex comprising a four-million-tonne…

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India remains among best-performing major economies: S&P Global

New Delhi: S&P Global has reaffirmed confidence in India’s growth outlook, saying the country continues to be one of the best-performing major economies globally despite ongoing geopolitical uncertainties.Saugata Saha, president of S&P Global Market Intelligence, said India remains a critical hub for the company, supported by a strong talent base, prompting further expansion of its…

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Strait Of Hormuz: ‘Direct consequences on economy’: Indian envoy to UK on Strait of Hormuz disruption amid Iran war

India has condemned attacks on commercial shipping in the Strait of Hormuz, calling them “unacceptable,” as the International Maritime Organization (IMO) urged coordinated action to safeguard civilian vessels in the Gulf region.Addressing the 36th extraordinary session of the IMO Council in London on Thursday, Vikram Doraiswamy, India’s ambassador to the UK, emphasised New Delhi’s commitment…

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