Money

Adani group takes over management of Mumbai airport

Published

3 years ago

July 14, 2021

ticker NEWS

The Adani business group has taken control of Mumbai’s international airport

Adani Airport Holdings Limited, a wholly-owned subsidiary of the Adani Group has officially taken over the management of the Mumbai airport from business conglomerate GVK.

The group has now become the country’s largest airport infrastructure company that is in charge of developing and managing eight airports in total.

Adani now controls 25% of passenger footfalls and 33% of air cargo within India.

The deal makes Adani Airport Holdings the nation’s largest airport infrastructure company

While the coronavirus pandemic has devastated the global aviation industry Adani is taking a longer view, betting on an Indian air transport market that is forecast to become the world’s third-largest by 2026.

Shares of Adani Enterprises rose as much as 2.6 percent in early Mumbai trading

Money

Why the meme-stock frenzy is unlikely to repeat

Published

4 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

4 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

5 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending