Coffee prices have reached record highs, driven by a significant reduction in Brazil’s coffee crop. As the world’s largest coffee producer, Brazil's struggles with adverse weather conditions have created a global supply shortage, pushing Arabica coffee futures up by 73% over the past year and 31% in the last month. Additionally, Robusta prices have also surged due to similar global supply constraints, with prices for Q2 rising 82% year-on-year. This price surge is im

In a major boost to Rajasthan's economic prospects, the Adani Group has pledged to invest Rs 7.5 lakh crore in the state over the next five years. This massive investment will fund key infrastructure projects, including the creation of four new cement plants and the establishment of a world-leading green energy ecosystem. Karan Adani, CEO of Adani Ports, shared these details at the 'Rising Rajasthan' Investor Summit 2024, where he highlighted the ambitious plans to build the world

Former Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy has responded strongly to the allegations made by the United States government regarding bribery linked to a 2021 power deal involving the Adani Group. According to Reddy, the meeting he had with Adani Group Chairman Gautam Adani was not indicative of any wrongdoing, explaining that such meetings are part of his role as chief minister to foster business relationships and attract investments to the state. Reddy clarified tha

The Indian Ministry of External Affairs (MEA) has clarified that the government has not received any communication from the United States regarding the Adani Group. In its weekly briefing, MEA spokesperson Randhir Jaiswal rejected media reports about the US summoning Adani Group Chairman Gautam Adani and other executives. He emphasized that the issue is a private legal matter involving individuals and the US Department of Justice, with no prior notification sent to the Indian government.

On Thursday, both houses of the Indian Parliament were temporarily suspended as opposition lawmakers disrupted proceedings for the third consecutive day, demanding a discussion on the serious bribery allegations against the Adani Group. U.S. authorities have accused Gautam Adani, his nephew Sagar Adani, and Adani Green’s managing director Vneet S. Jaain of paying $265 million in bribes to secure Indian solar power supply contracts. Additionally, they are accused of misleading U.S. inves

Norwegian diplomat and former UN Environment Programme Executive Director Erik Solheim has strongly criticized the US government's recent report regarding the Adani Group, calling it a case of "American overreach." The report alleges that certain individuals linked to the Adani Group discussed bribes to secure solar energy contracts in India, but Solheim pointed out that the allegations lack evidence of actual bribe payments or involvement from the Adani Group’s top leader

The Adani Group reported a record financial performance in the first half of the ongoing financial year and for the trailing twelve months, driven by its growing businesses in infrastructure, energy, and renewables. The group's net exposure to Indian banks stands at $11 billion, with equity now accounting for 63% of its total debt. This marks a reduction in the conglomerate's reliance on debt. The strong growth in the first half was fueled by Adani Enterprises' solar and

Kanwal Sibal, the former Foreign Secretary of India, has strongly criticized a report from a US government department regarding the Adani Group, describing it as a violation of India's sovereignty. Sibal condemned the US for overstepping its bounds, arguing that any investigation conducted on Indian soil by US authorities would breach Indian law. He emphasized that if the US had evidence of illegal activity, it should have shared its findings with Indian authorities instead of taking unil

In a major setback for Indian billionaire Gautam Adani, the founder of the Adani Group, and seven others have been indicted in the United States for their involvement in a multibillion-dollar bribery and fraud scheme. The charges allege that the Adani Group bribed Indian officials, particularly in Andhra Pradesh, to secure lucrative solar energy contracts, while defrauding US investors and financial institutions to gain funds. The indictment reveals that Gautam Adani, along with his

That Andhra Pradesh state IT and education minister Nara Lokesh is gradually emerging as the heir apparent of his father and chief minister N Chandrababu Naidu is being established gradually in the TDP and also the government. The way the TDP ranks have been calling Lokesh the future chief minister of Andhra Pradesh on social media and the state government carrying his picture on the front page advertisements of the official programmes along with his father clearly indicated that Lokesh is em

The ambitious rebuilding of the Amaravati capital project has resumed after a five-year hiatus, fueled by the renewed leadership of Chandrababu Naidu under the NDA government. With significant financial backing, the project is set to gain momentum once again. Chandrababu has successfully secured Rs 15,000 crore in financing through the World Bank and an additional Rs 11,000 crore from HUDCO. In a significant development, the deep-pocketed Adani Group has also come on board to bolste

Industrialist and philanthropist Ratan Tata, who passed away on October 9 at the age of 86, has left behind a heartfelt legacy not only for his family and foundation but also for his beloved dog, Tito. In his will, Tata ensured "unlimited" care for Tito, who was adopted six years ago following the death of his previous dog. Tito will be looked after by Ratan Tata's long-time cook, Rajan Shaw, showcasing Tata's deep affection for animals. Ratan Tata was well-known f

The nation continues to mourn the loss of Ratan Tata, a titan of industry and a beloved figure in India. In a heartfelt tribute, Chief Minister Chandrababu Naidu has announced the establishment of the Ratan Tata Innovation Hub in Amaravati, aimed at commemorating Tata's profound legacy and contributions to the Indian economy. During a review of the industrial policy, CM Naidu outlined that the Innovation Hub will be located in the capital city and will consist of five centers, e

On October 9, India mourned the passing of Ratan Tata, the iconic business leader and philanthropist whose influence shaped the country's industrial landscape. Tributes have been pouring in, celebrating a life marked by integrity, innovation, and compassion. In a heartfelt LinkedIn post, N. Chandrasekaran, Chairman of Tata Sons, paid tribute to his mentor, reminiscing about their time together. He highlighted Ta

The past week was significant in shaping India's economic narrative, marked by the death of industrialist Ratan Tata and shifts in monetary policy. Ratan Tata's Passing and Noel Tata's Appointment: India mourned the loss of Ratan Tata, the revered former chairman of Tata Sons, who passed away at 86. In a board meeting, Noel Tata was appointed as the new Chairman of Tata Trusts, a pivotal moment in the continuity of the Tata legacy. Noel, wh

In a significant transition for the Tata Group, Noel Tata has been appointed Chairman of Tata Trusts, succeeding his half-brother Ratan Tata, who passed away at the age of 86 in a Mumbai hospital. Ratan Tata's death marks the end of an era for Indian business, where he transformed the Tata Group into a global powerhouse, reshaping the country’s industrial landscape. Noel Tata has been an influential figure within the Tata Group since he joined in the early 2000s. His appoi

Renowned industrialist Ratan Tata passed away at a Mumbai hospital on Wednesday, at the age of 86. His body has been placed at the National Centre for Performing Arts (NCPA) in Nariman Point, where the public can pay their last respects from 10 AM to 4 PM. His cremation is scheduled to take place later in Worli. Born in 1937, Ratan Tata was raised by his grandmother, Navajbai Tata, after his parents' separation in 1948. Known fo

The Lulu Group, once a significant player in Andhra Pradesh’s retail landscape, faced setbacks under the previous YCP government due to its reverse tendering policy and anti-investment stance. Originally, the TDP government had allocated prime land in Vizag for the construction of a mega-mall, a project that was ultimately canceled by the current administration. However, with the resurgence of the NDA government and the leadership of Chief Minister Chandrababu Naidu, there are

The adoption of electric vehicles (EVs) in India has been on the rise, but some owners have faced troubling experiences. A notable case from Hyderabad involves Mr. Jonathan Brainard, who sought legal redress after his Tata Nexon EV caught fire. The district consumer disputes redressal commission of Hyderabad has now ordered Tata Motors to compensate him. The court ruling requires Tata Motors to refund the full purchase price of Rs 16.95 lakh, along with an interest of 9%. Additional

US-based Pinnacle Group, a leader in global workforce solutions, has officially opened its new office in Chennai, marking its first regional headquarters in the Asia Pacific region. Situated on the bustling Rajiv Gandhi Salai, known as the IT Corridor, this facility is set to enhance the company's engagement with its existing clientele while exploring new market opportunities. Since establishing operations in India in 2007, Pinnacle Group has made significant investments in the