An Indian court on Friday dismissed a petition challenging the award of a contract to Adani Group to revamp one of Asia's largest slums in Mumbai, clearing one of the main legal challenges to the ambitious project.

Dubai-based Seclink Technology Corporation had challenged the July 2023 government resolution to formally award the Dharavi slum redevelopment project to Adani Properties as the lead partner.

On Friday, the Bombay High Court upheld the tender awarded to Adani Properties Private Limited by the Maharashtra government for the Dharavi slum redevelopment project in Mumbai.

Reuters reviewed 19 state government documents, many of them previously unreported, and interviewed more than two dozen state and federal officials about the deal, as well as independent energy and legal professionals.

Bangladesh has accused the Gautam Adani-led company of not passing on tax benefits related to a power plant critical to the deal.

In a major boost to Bihar's economy, Pranav Adani, Managing Director of Adani Enterprises, announced a Rs 27,900 crore investment plan for the state during the Bihar Business Connect 2024 summit in Patna on Friday.

The Adani Group plans to invest Rs 20,000 crore to set up a thermal power plant in Bihar, said Adani Enterprises Director Pranav Adani on Friday. Sharing the conglomerate's investment roadmap at Bihar Business Connect in Patna,

Adani Group, Sun Petrochemicals and a host of other companies - big and small - on Friday committed to investing a record Rs 1.