The Adani Group has signed a Memorandum of Understanding (MoU) with the government of Andhra Pradesh on Monday at the World Economic Forum regarding an investment of Rs 60,000 crore by Adani Green Energy in the state.

The project is expected to provide employment opportunities to about 10,000 people directly and indirectly.

Going into the pandemic, the Indian tycoon to watch was Mukesh Ambani. Coming out of it, all eyes are on Gautam Adani.

Adani, the world’s sixth-richest person, has added almost $30 billion to his wealth this year, more than any other billionaire. His net worth of $106 billion is only about half of Tesla Inc. co-founder Elon Musk’s, but $10 billion more than Ambani’s. While both would like markets to reward them for scripting India’s future in renewable energy, what’s ticking for them right now is all the polluting stuff in short supply: coal, palm oil, gasoline and building materials.

The board of Aditya Birla Fashion and Retail is meeting on Tuesday to discuss selling a minority stake to private equity firms to raise up to Rs 2,300 crore.

The company will utilise the funds to grow its offline business, which is witnessing a sharp turnaround after two years of slowdown due to the pandemic.

The rate of gold and silver remained unchanged on Monday, with the yellow metal (24 carat) trading at Rs 51,300 per 10 gms. Silver, on the other hand, is selling for Rs 61,400 per kg on Monday.

The price of 10 grams of 22-carat gold remained unchanged from the previous day's rate at Rs 47,050, according to the Goodreturns website.

The global coronavirus caseload has topped 525.5 million, while the deaths have surged to more than 6.27 million and vaccinations to over 11.44 billion, according to the Johns Hopkins University.

In its latest update on Monday morning, the University's Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and the death toll stood at 525,577,051 and 6,277,152, respectively, while the total number of vaccine doses administered increased to 11,442,406,120.

As residents of the national capital woke up to heavy rain and winds on Monday, there were also reports of houses collapsing is some parts of the city.

In West Delhi's Nihal Vihar area, a house collapsed at around 5 a.m. The persons trapped inside were rescued.

A similar incident was reported from the Jyoti Nagar area at around 6 a.m.

Shares of Adani Power were locked in the 5 per cent upper circuit at Rs 327.50, also its record high on the BSE in Monday’s trade. In the process, the stock traded higher for the seven straight day. Till 10:06 am; a combined 12.3 million shares changed hands and there were pending buy orders for 2.4 million shares on the NSE and BSE.

The stock of Adani Group electric utilities company surged 35 per cent in past seven days after index provider MSCI included Adani Power in its global index.

Telecom operator Vodafone Idea is planning to raise Rs 20,000 crore, including Rs 10,000 crore in equity and remaining as fresh loans from banks, in fresh funding, CEO Ravinder Takkar told a newspaper.

India's third-largest telecom operator Vi is 'closer than ever' in raising fresh funds, Takkar told The Hindu Business Line.

HCL Group and UNLEASH, a global innovation programme for the UN Sustainable Development Goals (SDGs), have announced a year-long collaboration to mobilise youth and develop innovative solutions to promote aquatic ecosystem conservation.

These solutions will aim to tackle challenges from source (mountains and glaciers) to sink (oceans and seas) and their links to terrestrial ecosystems, according to a statement.

The Bengaluru-based Prestige Group, which is entering the financial capital, has drawn plans of investing at least Rs 7,500 crore over the next four-five years to get a foothold in the foremost realty markets in the country, a top official has said.

The listed company, which has a presence in the southern market and has delivered over 250 projects, will develop both residential and commercial projects in the financial capital, its managing director Irfan Razack told PTI.

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