Adani Group puts on hold $10 bn chip deal with Israel's Tower Semiconductor
Billionaire Gautam Adani's conglomerate, the Adani Group, has put its $10 billion semiconductor joint venture with Israel's Tower Semiconductor on pause, reported sources.
Billionaire Gautam Adani's conglomerate, the Adani Group, has put its $10 billion semiconductor joint venture with Israel's Tower Semiconductor on pause, reported sources.
The group has submitted applications to acquire land in exchange for developing townships and an economic zone. All these applications are pending with the government.
The group’s investments are powered by funds from operations and have limited third party capital requirement. Adani Group companies earned Rs 82,000 crore in cash flows in FY24
The company is now considering seeking for a license to operate on the Unified Payments Interface (UPI), which is a widely used public digital payments network in India
The Adani Group is investing heavily in energy transition, in which copper will play a vital role
Investigators are digging into whether an Adani entity, or people linked to the company including Gautam Adani, were involved in paying officials in India for favourable treatment on an energy project
Billionaire Gautam Adani and his family plan to inject $1 billion into the conglomerate’s renewable energy unit