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India Business News: Billionaire Gautam Adani hints at possible future collaborations between his conglomerate and Uber after meeting CEO Dara Khosrowshahi. Read more to know about their conversation and vision for the subcontinent.
India News: Rahul Gandhi launches scathing attack on PM Modi and BJP leaders, accusing them of diverting attention while Adani exploits and loots the public. Read more to know the details.
The competition heated up in the Indian cement industry after Adani's take over of Ambuja Cement and ACC Ltd., which placed Adani in direct competition with UltraTech. Analysts expect the war for market share to continue and may lead to price wars even as new capacities are added.
The fund’s initial investment of $1.9 billion in March has ballooned to $10 billion in value, helped by market gains and additional stakes, according to fund manager Sudarshan Murthy.
These companies were Adani Total Gas and Adani Energy Solutions. The other stocks in the bottom ten included Vedanta, SRF, Hindustan Zinc, Kotak Mahindra, Hindustan Unilever, RIL, SBI Cards and Infosys