England v India: Ishant Sharma Expected Set to Return for Fifth Test


Ishant Sharma and MS Dhoni

Ishant Sharma (R) has missed both Tests since India's historic win at LordsGetty



India bowler Ishant Sharma is set to return to the tourists' attack for the fifth Test against England at The Oval after recovering from a leg injury.


Sharma has not played since India's historic win over England at Lord's after picking up a leg injury but has been bowling at full speed in the nets in preparation for the Oval Test.


The seamer was man of the match in India's first win at Lord's in 28 years earlier this summer, taking 7-74 in a 95-run win and captain MS Dhoni will be hoping Sharma can help salvage the series with India trailing 2-1.


In his absence England have blown away India, firstly by a huge 266 runs margin in the third Test at the Ageas Bowl and then by an innings and 54 runs in the fourth at Old Trafford.


Although the return of Sharma to coach Duncan Fletcher's line-up would be a much needed boost, concerns have been raised over the India batting line-up.


India have failed to put on a 50-run opening stand in eight Tests matches, with Gautam Gambhir making just four and 18 in Manchester upon his recall.


In a fitness boost for England, bowler Stuart Broad is expected to feature despite suffering a broken nose in the fourth Test.


Broad came through practise unscathed on Thursday while wearing a bridge across his nose, with the Nottinghamshire player avoiding having to wear a protective mask at the Oval.


The selectors therefore must choose between Chris Woakes and Steven Finn for the final bowling spot, with Chris Jordan's impressive display at Old Trafford expected to see him retained.



'We Pleaded With Them to Stay at Home' Says Father of Italian Aid Worker Kidnapped in Syria


Italian humanitarian workers feared kidnapped in Aleppo

Vanessa Marzullo, left, and Greta Ramelli are feared kidnapped in Aleppo, Syria(Vanessa Marzullo/Greta Ramelli)



The father of an aid worker kidnapped with her colleague by Syrian Islamists said the pair "wanted only good" and had travelled to the country to help civilians caught up in the brutal civil war.


Greta Ramelli, 20, and Vanessa Marzullo, 21, were working on humanitarian projects in Aleppo, said the Italian foreign ministry.


Jordanian newspaper Assabeel reports that investigators believe the kidnappers are from an Islamist group that has previously kidnapped Western activists and journalists.


According to activists quoted in the report, the women were kidnapped on 1 August and taken to the town of El Ismo, west of Aleppo, from where they were taken to the home of the head of the local Revolutionary Council.


Miss Marzullo's father today told Italian newspaper Corriere Della Sera that he had pleaded with his daughter not to travel to Syria, but she had not listened.


"What could I do? Vanessa is an adult, a golden girl, brave and responsible. I tried to reason with her; I tried to convince her in every way I could not to do what she had in mind.


"But when you realize that all your talk, your thoughts and eventually all your prayers are not heard, what can you do?" he said.


"I could not stop her from doing what she wanted. It's not like you can take a person and tie them down. Tell me what I had to do. Was I wrong? I had to tie her down?


"Those who made Vanessa and Greta prisoners should remember what they were there to do. They wanted good and it would be a tragedy if they were repaid with evil."


He said that his daughter had said: "It is not with weapons you win a war, it is won with great ideals and great gestures."


Her father said that she had long sympathised with the plight of ordinary Syrians, and while studying Linguistics and Cultural Mediation at Milan University, formed the resolution to travel to the country to help.


The two women have made numerous visits to Syria since 2012, they say on their Facebook pages.


They last made their way into the country through Turkey, where they crossed the border at the Atma refugee camp.


Miss Marzullo's latest Facebook post reads: "Red, red like that crib, and in the crib the battered little body of the girl of Aleppo whose legs were pulverised by an explosion.


"Red like the bloodstains encrusted on the walls and the floor - in the corner of the room where you have been tortured until you want to die, until you die in an unspeakably horrible way."


Italian officials are reported to be engaged in delicate negotiations to secure the release of the women.



Erdogan Airport: Istanbul's Super Hub 'to be Named After Turkey's President-Elect'


Recap Tayyip Erdogan

Recap Tayyip Erdogan won presidential election with 52% of vote.(Reuters)



The world's largest airport, to be constructed in Istanbul by 2017, will be named after Turkish former prime minister and president-elect Recep Tayyip Erdogan, according to reports.


Istanbul's third airport is expected to be a monstrous super hub serving 150 million passengers per year, taking the place of the existing main airport named after Mustafa Kemal Ataturk, the founder of modern Turkey.


The symbolic baton-passing between Ataturk and the increasingly authoritarian Erdogan, who has dominated Turkey's politics for the past 12 years, did not go amiss in the comments by Transport, Maritime and Communication Minister Lütfi Elvan.


"He deserves it, if this is the case (that the airport is named after him)," he told reporters, according to AFP. "If there is stability in this country, if we continue to grow and our economic competitiveness continues to increase, we owe this all to Erdogan."


"Whatever is done will not be worthy of him, because he has given so much effort over the years," he added. The minister was responding to a report in the Taraf daily which raised the possibility that the airport would be named after Erdogan after his official inauguration.


The airport's ambitious project, costing $30bn (£17bn), raised environmental concerns as the site is located in one of Istanbul's sparse forest areas.


It would not be the first location to be named after Erdogan in recent years. Rize University, in the province of Rize where Erdogan's family is from, was changed to Recep Tayyip Erdogan University in 2012. It also named two newly discovered fish "Recepi2 and "eminae" in January this year - allegedly in reference to Erdogan and his wife.


Secular opponents to Erdogan's Islamist AK Party accuse him of megalomania and of breaching the secular legacy of Ataturk.






Jailed Sahara Group Boss Subrata Roy Gets More Time to Sell London and New York Hotels


Jailed Sahara Group Boss Subrata Roy Gets More Time to Sell London and New York Hotels

Sahara Group boss Subrata Roy in April.Reuters



India's top court has granted businessman Subrata Roy, negotiating the sale of his assets, including hotels in London and New York, from a makeshift office in prison, a 15-day extension to seal a deal, media reports said.


Roy, who heads troubled financial services group Sahara India Pariwar, was initially allowed 10 working days to 19 August to talk to bidders eyeing his assets, including the Grosvenor House in London.


The Supreme Court also said that the extension will be Roy's last.


A deal will help Roy raise funds to post a $1.65bn (£989m, €1.2bn) bail in Delhi. Roy has to pay India's market regulator Sebi to get out of Tihar jail.


Roy's steno, secretarial assistants and Sahara directors Ashok Roy Choudhary and Ravi Shankar Dubey were given access to a conference room in the prison earlier in the month, following a court order.


American real estate investor Madison Capital has tabled an $800m bid for Roy's US hotels – the Plaza Hotel and Dreams Downtown Hotel.


The Sultan of Brunei, an investment arm of the Qatari royal family and Indian pharma billionaire Cyrus Poonawalla have all offered to buy the British property, which is located in the Mayfair area and managed by J W Marriott.


Roy has been in jail since 4 March after two group companies - Sahara Housing and Sahara Real Estate - failed to comply with the Supreme Court's order to refund $3.9bn to 30 million investors.


Roy acquired the New York hotels for close to $800m in 2012 and had purchased the Grosvenor for $725m in 2010. The acquisitions were financed through borrowings from the Bank of China.



Gold Jewellery: Chinese and Indian Consumers Calm Down After Mad Rush for Cheap Bling


India Gold Buying

There was a gold jewellery rush in India and China during 2013 because the precious metal's price fell sharply(Reuters)



Chinese and Indian demand for gold jewellery has tumbled as output growth in both of the developing powerhouse economies falters and consumers take "a more 'needs' based approach".


The World Gold Council (WGC), which works on behalf of the industry, said global demand for jewellery made from the precious metal slumped by 30% on an annual basis to 509.6 tonnes in the three months to the end of June 2014. Jewellery accounts for around half of all gold demand.


During the period, India and China purchased 154t and 143t respectively of gold jewellery, representing annual falls of 50% and 48%. In the same quarter in 2013, India had purchased 310t and China 276t as consumers reacted to a sharp decline in gold prices by buying up jewellery.


"In what is traditionally a quieter quarter for jewellery, consumers continued to digest opportunistic purchases made in 2013 and adopted a more 'needs' based approach to their jewellery buying," said the WGC report.


"Indian jewellery buying was also affected by high value purchases being restricted in the run up to the election and the continued impact of import restrictions on gold."


Fast-growth China is set to soon overtake the US as the world's largest economy. But GDP growth has slowed sharply from 9.2% in the first quarter of 2012 to 7.5% in the second quarter of 2014 as President Xi Jinping embarks on structural reforms to the economy and cuts back on stimulus.


China has a rapidly expanding middle class as the prosperity of the 2000s begins to filter down to the masses, raising incomes significantly and giving many ordinary Chinese disposable cash to spend on non-essentials such as jewellery.


Meanwhile, Indian GDP has also slowed sharply from 7.5% in the second quarter of 2011 to 4.6% in the same three month period in 2014. The value of the rupee plunged and India's current account deficit widened, while investors pulled cash out and put it back into recovering Western economies such as the US.


To limit the damage to its current account deficit, India had limited gold imports by lifting taxes and demanding that importers keep back a fifth of the precious metal to re-sell as jewellery exports. As the economic difficulties eased in the beginning of 2014, Indian officials began to relax some of their curbs on gold imports.


"In the context of an exceptional year last year where we saw record consumer buying and investor sell-offs, this quarter's demand continues to demonstrate a return to long-term trends, illustrating the uniquely balanced nature of the gold market," Marcus Grubb, managing director of investment strategy at the WGC, said.


"Jewellery consumers continued to digest the exceptional purchases of 2013 and investors also rebalanced, pulling back from the extremes we saw last year. Overall the gold market is stabilising following the extraordinary conditions we saw in 2013."


Gold prices fell sharply across 2013 as investors in the commodity, seen as a reliable safe haven for cash in times of financial crisis, put their money back into stocks, shares and bonds as economic recovery took hold in the likes of the US and UK.



Japanese Surrender in WWII: How was the Announcement Received in Japan?


Japanese surrender

Japanese Foreign Minister Mamoru Shigemitsu signs the Japanese surrender on board the USS Missouri(Keystone/Getty)



Sixty-nine years ago today, American citizens took to the streets to celebrate the announcement of Japan's surrender in the Second World War.


On the afternoon of 14 August 1945, a nationwide broadcast was aired by President Truman, stating that Emperor Hirohito had accepted the terms of the Potsdam Declaration, a statement that called for the surrender of all Japanese armed forces during World War II.


The formal signing of the document would occur weeks later on 2 September – when the official Victory Day, or VJ Day, is celebrated.


As word of the surrender spread, the celebrations began. Life magazine reported that Americans acted as if "joy had been rationed and saved up." In New York, the victory blazed across a headline on the news ticker at One Times Square: "*** OFFICIAL TRUMAN ANNOUNCES JAPANESE SURRENDER ***" - with six asterisks representing the branches of the US armed forces.


For most Japanese, however, the day not only marks the country's defeat, but also a rebirth from militarism to democracy. It serves the purpose of handing down the reality of war to future generations, of both the suffering experienced by the Japanese and the suffering Japan inflicted on others.


Speaking to IBTimes UK, Dr Griseldis Kirsch, a lecturer in contemporary Japanese culture at the School of Oriental and African Studies in London, explained how the event was received in Japan – and what emotions it engenders today.


VJ DAY

American troops at Place de l' Opera, Paris, read news of the Japanese surrender in the newspaper "Libe-Soir"(Getty)



Immediate disbelief


"What is clear for the wartime is that people thought that surrender was dishonourable, and that self-sacrifice for the greater good – ie, the nation, the Emperor and the other Japanese, was more desirable," Dr Kirsch said.


The most immediate reaction, however, depended on the background of the individual. Education provided a communication barrier, and the news of the surrender would have taken time to filter to all segments of the population.


"The declaration of surrender read out by the Emperor is phrased in very formal Japanese and not necessarily easy to understand for everybody," Dr Kirsch explained. "Post-war myths usually construct a nation weeping in front of the radio receivers, but I don't think this is necessarily true."


When Emperor Hirohito announced the surrender on a radio broadcast, shock and disbelief was widespread. This was the first time many Japanese citizens had heard the voice of their leader, who, revered as a kind of deity, had only really been seen in pictures.


"Higher ranking officers and those who knew immediately committed suicide," she added. "But for the general audience I guess there was a lot of doubt about the truth of this message."


Confronting the war


"In general, a lot of what was made of the surrender was also subject to post-war myth-making, left-wing as well as right-wing, Japanese as well as American," Dr Kirsch explained.


Both Japan and West Germany had very active left-wing militant groups in the 1960s and 1970s, it became acceptable in West Germany to confront the past head-on. But in Japan, this shift did not happen.


japan surrender

US military personnel run towards huge hangars at the Yokohama docks while Japanese officers look on prior to the signing of surrender documents(Keystone/Getty)



"Partially, this is due to the fact that politicians in Japan come from political dynasties that go back to wartime politicians – Prime Minister Abe Shinzô being the grandson of Kishi Nobusuke, a former PM who was initially charged as a class A war criminal, but was let off the hook."


As with other members of the former Japanese government, Kishi was held at Sugamo Prison by the order of the Supreme Commander of the Allied Powers. He was released in 1948 and was never indicted or tried by the International Military Tribunal for the Far East.


"So, the common opinion is that the Japanese were themselves victims to their overly powerful military at the time - and to the American air raids, hence the myth-making."


"Most teachers in the post-war period, however, were left-wing, and the left-wing rejected the victim-narrative and did not think that the war was just," Dr Kirsch explained. "The right-wing - which is incredibly loud in Japan - thinks the war was just, and it was fought for a just cause and in the right way."


Modern-day Japan


"The surrender also coincides with obon, a Buddhist festival and public holiday in honour of the dead," Dr Kirsch explained, adding that by and large, this is more important to ordinary Japanese citizens as they would have time off to see their families.


"Sixty-nine years after the end of the war, I don't think the younger generation cares that much about it anyway. The older generation that is in charge of the government, however, does care quite a lot and tries to actively instil a different image of Japan, one that is not troubled by the war."


"But winning the war makes for better commemorations than losing it."



Hot Shots Photos of the Day: Mo Farah Wins, Mount Etna Erupts, Swiss Train Derails


People run away as waves caused by a tidal bore surge past a barrier on the banks of Qiantang River, in Hangzhou, Zhejiang province, China...

People run away as waves caused by a tidal bore surge past a barrier on the banks of Qiantang River, in Hangzhou, Zhejiang province, China...(Reuters)



...People fall to the ground after being knocked over by waves caused by the tidal bore

...People fall to the ground after being knocked over by waves caused by the tidal bore(Reuters)



A man walks down a flooded road in Islip, New York, after more than a foot of rain hit parts of Long Island, triggering flash floods and swamping cars on major roads that were turned into rivers during the morning rush hour

A man walks down a flooded road in Islip, New York, after more than a foot of rain hit parts of Long Island, triggering flash floods and swamping cars on major roads that were turned into rivers during the morning rush hour(Reuters)



Lightning strikes during a summer storm in Monterrey, Mexico

Lightning strikes during a summer storm in Monterrey, Mexico(Reuters)



Lava flows from Mount Etna on the southern Italian island of Sicily. Etna is one of the most active volcanoes in the world and is in an almost constant state of activity

Lava flows from Mount Etna on the southern Italian island of Sicily. Etna is one of the most active volcanoes in the world and is in an almost constant state of activity(AFP)



Police and rescue workers help after a passenger train derailed into a ravine near Tiefencastel in a mountainous region of southeastern Switzerland after a mudslide on the tracks

Police and rescue workers help after a passenger train derailed into a ravine near Tiefencastel in a mountainous region of southeastern Switzerland after a mudslide on the tracks(Reuters)



A security guard checks a coach of the Metro Rail Transit (MRT) for injured passengers after it derailed at the train station in Pasay city, metro Manila, Philippines

A security guard checks a coach of the Metro Rail Transit (MRT) for injured passengers after it derailed at the train station in Pasay city, metro Manila, Philippines(Reuters)



An armed pro-Russian separatist points at a bus riddled with bullet holes at a checkpoint on the outskirts of Donetsk

An armed pro-Russian separatist points at a bus riddled with bullet holes at a checkpoint on the outskirts of Donetsk(Reuters)



A protester throws back a smoke bomb at police in Ferguson, Missouri. Police fired several rounds of tear gas to disperse protesters on the fourth night of demonstrations over the fatal shooting of an unarmed black 18-year-old teenager Michael Brown by a police officer

A protester throws back a smoke bomb at police in Ferguson, Missouri. Police fired several rounds of tear gas to disperse protesters on the fourth night of demonstrations over the fatal shooting of an unarmed black 18-year-old teenager Michael Brown by a police officer(Reuters)



A US Marine instructs members of the Armed Forces of the Philippines and the Philippine National Police in the use of Non-Lethal Weapons at the Philippine Marine Corps' headquarters in Taguig city, metro Manila

A US Marine instructs members of the Armed Forces of the Philippines and the Philippine National Police in the use of Non-Lethal Weapons at the Philippine Marine Corps' headquarters in Taguig city, metro Manila(Reuters)



Two boys walk past destroyed homes in the northern Gaza strip a few miles away from the border with Israel

Two boys walk past destroyed homes in the northern Gaza strip a few miles away from the border with Israel(AFP)



A Palestinian man rests inside a makeshift shelter next to the remains of his house, which witnesses said was destroyed in the Israeli offensive, in Khan Younis

A Palestinian man rests inside a makeshift shelter next to the remains of his house, which witnesses said was destroyed in the Israeli offensive, in Khan Younis(Reuters)



Volunteers sit in wooden boxes on Parliament Square in London, to represent living conditions in Gaza. Some 150 men, women and children crammed themselves into boxes in a bid to illustrate the conditions faced by the people of Gaza trapped by the blockade, in an event organised by Oxfam

Volunteers sit in wooden boxes on Parliament Square in London, to represent living conditions in Gaza. Some 150 men, women and children crammed themselves into boxes in a bid to illustrate the conditions faced by the people of Gaza trapped by the blockade, in an event organised by Oxfam(Reuters)



A girl from the minority Yazidi sect, fleeing the violence in the Iraqi town of Sinjar, rests at the Iraqi-Syrian border crossing in Fishkhabour

A girl from the minority Yazidi sect, fleeing the violence in the Iraqi town of Sinjar, rests at the Iraqi-Syrian border crossing in Fishkhabour(Reuters)



Mo Farah of Britain celebrates winning the men's 10,000 metres final in front of compatriot Andy Vernon and Ali Kaya of Turkey during the European Athletics Championships at the Letzigrund Stadium in Zurich

Mo Farah of Britain celebrates winning the men's 10,000 metres final in front of compatriot Andy Vernon and Ali Kaya of Turkey during the European Athletics Championships at the Letzigrund Stadium in Zurich(Reuters)



City employees position stickers urging tourists to stop clipping padlocks, or love locks, onto the railings of the Pont de l'Archeveche in Paris

City employees position stickers urging tourists to stop clipping padlocks, or love locks, onto the railings of the Pont de l'Archeveche in Paris(AFP)



Expert swordsman Isao Machii takes on Fruit Ninja in real life at The Grove in Los Angeles to promote Toaster Strudel

Expert swordsman Isao Machii takes on Fruit Ninja in real life at The Grove in Los Angeles to promote Toaster Strudel(Getty)




Cryptocurrency Round-Up: Argentina Embraces Altcoins, Bitcoin Boosts Overstock Shares and Bitbond Funding


bitcoin cryptocurrency news

Bitcoin and most major cryptocurrencies continue to fall in price but dogecoin sees a long-awaited resurgence.



The price of bitcoin has continued to slide, dropping in value by a further 5% over the last 24 hours. This takes its price down to $525 (£315), around $100 less than it was one month ago.


Bitcoin's misfortunes have been mirrored by most other major cryptocurrencies, with litecoin, peercoin and darkcoin all experiencing similar drops.


Bucking the trend, but in the opposite direction for a change, is dogecoin. The meme-inspired cryptocurrency saw its price rise by just over 3% since yesterday, taking its market capitalisation up above $13 million once more.




Argentina embraces altcoin




A new bitcoin brokerage service based in Argentina has been launched, allowing consumers to buy the cryptocurrency at more than 8,000 convenience stores.


Ripio, launched by bitcoin merchant processor BitPagos, aims to provide an easy method of acquiring bitcoins to underbanked consumers and existing bitcoin users.


"You can go to any location, give them your account in Ripio and the amount of pesos you want to get in bitcoins. Boom: You have some bitcoins," Sebastian Serrano, CEO of BitPagos, told CoinDesk.


"It's going to be extremely easy to use and to buy bitcoins easily, securely and near you, even if you don't have a bank account. We think that this is going to push adoption."




Bitcoin adds 4 cents to each Overstock shares




Overstock CEO Patrick Byrne has attributed the introduction of bitcoin infrastructure into the online retailer's payment structure to an expected rise of four cents per share.


Overstock began accepting bitcoin payments in January and has since made more than $2 million in sales through the cryptocurrency. That accounts for around 0.25% of total sales.


"I think the world expects us to make 75-80 cents per share this year. And four cents of that would be attributable to bitcoin," Byrne told Reuters.


"When technology comes along like cryptocurrency, which can replace at a far lower cost, I'm all for supporting it."




Bitcoin lending platform secures seed funding




Peer-to-peer bitcoin lending platform Bitbond has received €200,000 (£160,000) in a seed funding round led by VC Point Nine Capital.


The Berlin-based company provides individuals and small businesses a way to raise funds through cryptocurrency rather than traditional means.


CEO and co-founder Radoslav Albrecht said: "Our main target borrowers are small businesses that have been operating for two or three years, or maybe longer and cannot get finance from a bank, possibly because they simply don't have access to a bank account, or they are a type of business that the banks typically do not lend to."



Lenovo Profit Surges 23% as it Becomes Major Smartphone Player


Lenovo Group CEO

Lenovo chief executive Yang Yuanqing.Reuters



Chinese consumer electronics giant, Lenovo, said its first quarter net profit surged 23%, as its low-cost strategy boosted sales of personal computers and smartphones.


The world's largest PC maker reported a net profit of $213.5m (£127.4m, €159.7m) for its fiscal first quarter, which ended on 30 June, up from $174m a year ago.


Lenovo also reported total revenues of $10.4bn for the first quarter, up 18% from the same period last year.


During the quarter, the company shipped a record 15.8 million smartphones on the back of strong China sales, representing a 39% increase from last year. The company is the fourth-largest smartphone maker in the world, increasing its market share to 5.4% from 4.7% last year, according to research firm IDC.


Meanwhile, the company's PC business that accounts for more than 80% of its revenue also reported strong sales, despite the weakness in the global PC market.


Lenovo's low-priced laptop sales rose 12%, as global shipments declined 3.7% year-over-year. Global PC sales are expected to decline further, as consumers increasingly prefer smartphones and tablets.


"As the PC industry recovers, the smartphone market continues its shift from premium to mainstream, and our acquisitions of Motorola Mobility and IBM x86 proceed toward completion, we see even more opportunity to keep growing rapidly," Lenovo CEO Yang Yuanqing said in a statement.


"Lenovo continues to outperform the market and meet our commitments to improve profitability in our core businesses, while building strong pillars for future growth across our entire portfolio," Yang added.


The company had earlier announced two key deals worth more than $5bn. It is planning to acquire IBM's x86 server business for $2.3bn, and Google's Motorola Mobility for $2.9bn. The deals are expected to be settled as early as the third quarter, subject to approval from the US regulators.


"While our top priority now is full participation in the regulatory approvals process, I am confident that from day 1 after closing, these businesses will quickly begin contributing to our performance and develop into pillars for long-term, sustainable growth," Yang added.



India's Adani Signs Deal to Acquire Lanco Infratech's Power Plant


Gautam Adani

indian billionaire Gautam Adani.Reuters



Adani Power, which is controlled by Indian billionaire Gautam Adani, has agreed to acquire a 1,200 megawatt thermal power plant from Lanco Infratech.


In a deal valued at more than 60bn rupees ($980m, £585m, €733m), Lanco would sell its Udupi power plant, which has already signed with the state government of Karnataka for further expansion of 1,320 megawatt (MW).


The thermal plant is the first independent power project in India based on 100% imported coal with a captive jetty of four million tonnes per year.


The transaction would enable Lanco to reduce its debt, according to the company. It will receive 20bn rupees in cash and additionally, Adani Power will take up the power plant's long-term debt of about 40bn rupees.


Lanco, which is engaged in power generation and construction of roads and residential and commercial buildings, has been suffering from huge debt. In July 2013, the company started a process to restructure part of its huge debt, which totalled $5.9bn at the end of March.


The company is also considering selling its unprofitable Australian unit Griffin Coal Mining, Bloomberg reported earlier citing people with knowledge of the matter.


Lanco's debt has swelled more than fourfold since March 2010, according to Bloomberg data.


Meanwhile, the deal would expand the capacity of Adani Power, which currently has an installed generation capacity of about 8,580 MW. The company, which operates three power plants in India, had total revenues of 113bn rupees in the fiscal year ended in March.


Billionaire Adani, who owns businesses ranging from power generation to ports and coal mining, has a net worth of $5.9bn as of now, according to Forbes.