Couple of months after it acquired Lanco Infratech’s 1200 MW power plant in Udupi, Gautam Adani-led Adani Power on Monday announced the acquisition of Korba West Power Co Ltd (KWPCL) that owns a 600 MW coal-based power plant at Korba in Chhattisgarh. According to an official release, the company has “executed a binding term sheet for acquisition
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India’s insolvency proceedings are not working well. The Jet story illustrates some of the costs India is incurring. It is not about the airline alone.
The Delhi High Court on Friday granted bail to former MD and CEO of YES Bank, Rana Kapoor, in a money-laundering case being probed by the Enforcement Directorate.