Adani Ports on a roll with three big acquisitions in five months
March 05, 2021
On the prowl for more as promoters look to cash in on the stress situation
With three big acquisitions having a combined value of ₹14,659 crore in five months, Gautam Adani-led Adani Ports and Special Economic Zone Ltd (APSEZ) is on a roll.
On March 3, APSEZ acquired a 31.5% stake in Gangavaram Port Ltd (GPL) from a unit of private equity firm Warburg Pincus LLC for ₹1,954 crore and said it was in talks with D V S Raju and family, the promoters of the port located in Visakhapatnam, for buying their 58.1% stake in GPL.
Express News Service
KOCHI: Read this before entering your details on an app that is promising to lend you money. As it turns out, online app-based money lenders are not only cheating people of their savings but also posing a threat to the nation’s security.As more victims of such loan apps come forward, a study on their operation has revealed the risks they pose to national security by spying on the information of Indian citizens.
The study, conducted by Kochi-based cybersecurity firm Technisanct after receiving frequent complaints from the victims, shows that such apps are directly linked to Chinese firms that can easily leak personal details, including banking activities, of a person.“The research by our team showed that the apps were apparently China-based firms’ plans to place India under surveillance and destabilise our financial security,” said Technisanct CEO Nandakishore Harikumar. He said the studies by them and other cybersecurity agencies also showed that the d
December 24, 2020
The JN Port Container Terminal has a capacity to handle 1.35 million TEUs a year. - x
The JN Port Container Terminal has a capacity to handle 1.35 million TEUs a year. - x×
Project to be taken up on PPP mode at an estimated cost of over ₹800 crore
The board of trustees of Centre-owned Jawaharlal Nehru Port Trust (JNPT) on Thursday cleared a proposal to privatise the container terminal run by the port authority itself at the port located near Mumbai.
The proposal was cleared by the board of India’s biggest state-run container gateway with six trustees voting in favour and the two labour representatives voting against it.