Completed its acquisition

Israeli Prime Minister Benjamin Netanyahu (File image: Reuters) Prime Minister Benjamin Netanyahu will attend a ceremony here on Tuesday to celebrate the successful entry of the Adani Group in Israel through its acquisition of the Haifa port, which is being seen as a "strategic purchase" and probably the biggest foreign investment in this country in any sector. A consortium of Adani Ports and Special Economic Zone (APSEZ) and Israel's Gadot Group won the tender in July last year to privatise the Port of Haifa in Israel for a staggering USD 1.18 billion. It completed the process of purchase on January 11 this year, following which upgradation work has been going on in full swing at the port. The Indian partner in the consortium holds 70 per cent of the stake while its local partner has 30 per cent. Gautam Adani, the Founder and Chairman of the Adani Group, will also attend the ceremony at Haifa Port Temporary Cruise Terminal in this northern coastal city of Israel on … [Read more...] about PM Benjamin Netanyahu to attend ceremony marking Adani Group’s entry into Israel through Haifa port acquisition

Adani Group The Adani Group's entry into Israel through its strategic acquisition of the Haifa port will turn this northern coastal Israeli city into a strong and exciting Mediterranean hub, the city's mayor said on Tuesday. A consortium of Adani Ports and Special Economic Zone (APSEZ) and Israel's Gadot Group won the tender in July last year to privatise the Port of Haifa for a staggering USD 1.18 billion. It completed the process of purchase on January 11 this year, following which upgradation work has been going on in full swing at the port. The Indian partner in the consortium holds 70 per cent of the stake while its Israeli partner Gadot has 30 per cent. Haifa Mayor Dr Einat Kalish-Rotem said the development would help realise the long-term goals of the city, turning it into a strong, exciting and a real sea-city in the Mediterranean. The Port of Haifa is the second largest port in Israel in terms of shipping containers and the biggest in shipping tourist cruise … [Read more...] about Adani Group’s port acquisition will turn Israel’s Haifa city into strong Mediterranean hub: Mayor

Share to Twitter Share to Linkedin Virtual monopolies exist in almost every healthcare sector: from hospitals and health systems to medical groups and single specialties backed by private equity. With so much consolidation of power and influence, U.S. healthcare has become a conglomerate of monopolies ; the subject of this continuing series. When it comes to claiming market control, pharmaceutical companies stand apart from healthcare’s other monopolies. Whereas hospitals and health systems rely primarily on mergers and acquisitions, drug companies employ a slew of powerful tactics: from legislative protections and legal loopholes to stonewalling would-be competitors and more. But there is one thing that unites all healthcare monopolies: As their powers expand, they become complacent. And when that happens, innovation dies and Americans pay the price, both with their wallets and their health. Exorbitant vs. unfair pricing The rising … [Read more...] about Pharma Companies: A Conglomerate Of Monopolies

The foreign trips of President Marcos are starting to bear the promised fruit, such as the coming implementation of a $600-million waste-to-energy program for Quezon City. “One of the early conversions from the President’s US trip [in Sept 2022] is the proposal by a US-based renewable energy group Headway USA, which will take care of the entire program from end to end,” said Ambassador-at-Large Jose “Joey” Antonio. Upon completion of an initial engineering and design phase and an investigation of the existing waste flow control and waste management systems, among other factors, a total of eight sites in Quezon City will be determined by Headway USA. With the use of zero-waste gasification power plants, the project seeks to eliminate a combined 4,000 tons per day of municipal solid waste from Quezon City. Among the waste to be processed by these zero-waste power plants include toxic waste, household waste, hospital waste, rubber tires, plastics, metals, furniture, paper, glass, … [Read more...] about BIZ BUZZ: Marcos trip bears fruit

Share to Twitter Share to Linkedin Mike Faber, cofounder of Vendo , a marketplace SaaS empowering anyone to launch their own eCommerce business with domestic brands as sellers. Most big retailers are doing it or planning to . Third-party marketplace sales, also known as dropshipping, are instrumental to the success of retailers such as Walmart , Macy’s , Best Buy in the U.S. and Boots or Superdrug in the U.K. Now it’s time for small and medium e-commerce businesses to catch up. The economic downturn is a perfect time to start your own marketplace. Why are smaller e-commerce businesses missing out on the opportunity to reinvent their business with new inventory, new product categories and new customer segments? They don’t have the playbook for scalable domestic dropshipping or the resources to figure it out by trial and error. So here it is. In order to unlock DTC growth with tens of domestic brands as sellers, you need to first … [Read more...] about A Playbook For DTC E-Commerce Growth In A Third-Party Marketplace Model

Share to Twitter Share to Linkedin Carnivorous plants that evolved to feed on animal droppings have a more nutritious diet than their insect-eating cousins © Copyright by GrrlScientist | hosted by Forbes It was reported a more than a decade ago that some species of tropical pitcher plants, Nepenthes species, changed their diet from insects to animal poops. But thanks to new research, we now know why they did it. There are roughly 160 species of carnivorous plants known. They all live in nutrient-poor soils and have evolved modified leaves shaped like a pitcher filled with a digestive fluid to capture rare nutrients, particularly nitrogen but also carbon and phosphorus, by digesting the bodies of insects, arachnids and occasionally larger creatures like frogs or even small rodents that fall inside. “These [pitchers] evolved primarily as the means of attracting, capturing and digesting prey, and occur in the form of so-called ‘lower … [Read more...] about Why Did These Carnivorous Plants Switch Their Diet From Bugs To Poop?

Share to Twitter Share to Linkedin Hours after Abu Dhabi and other investors salvaged the Adani Group’s latest stock offering, Israeli Prime Minister Benjamin Netanyahu posed for photos with Indian billionaire Adani. It’s been a tough week for Gautam Adani. His fortune has fallen by some $36 billion since Jan. 24, when short seller Hindenburg Research published a 100-page report , which alleged his Adani Group has engaged in a years-long conspiracy of fraud and stock manipulation. The Adani Group has denied all wrongdoing and threatened legal action. But Adani has had something to smile about in the last 48 hours. On Monday, his group’s flagship business, Adani Enterprises Ltd., completed its previously announced $2.5 billion follow-on share offering with full subscription, defying some analysts’ expectations. Shares in Adani Enterprises rose 3.3% on Tuesday, lifting Adani's fortune by about $900 million and marking the first day since Hindenburg's … [Read more...] about Gautam Adani’s Middle Eastern Allies Help Him Shrug Off Fraud Allegations, Wealth Plunge