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Raila Odinga criticizes the cancellation of a major $2 billion infrastructure deal with Adani for JKIA's expansion, highlighting political interference.

Raila Odinga on Canceled JKIA Deal of Adani

Raila Odinga laments the lost opportunity for Nairobi's economic growth due to the canceled Adani deal for JKIA, stressing political interference issues.

Odinga on Canceled JKIA and Adani Deal

Raila Odinga expresses regret over the canceled $2 billion Adani deal for JKIA expansion, citing political interference.

Kenya's former prime minister Raila Odinga has said that he was disappointed when the Adani deal to expand and manage the Jomo Kenyatta International Airport (JKIA) collapsed, according to a media report on Friday.
Odinga, while speaking on the second day of the National Executive Retreat in Karen in Nairobi, also said that the deal was politicised, resulting in its cancellation, The Star newspaper reported.
"I was very disappointed when we were not able to move on with the airport contract that was very unfortunate,&rdquo; he was quoted as saying by the newspaper.
The leader of the Orange Democratic Movement (ODM) said should the deal have proceeded, it would have elevated Nairobi into a regional economic hub.
He said that the first expansion contract for JKIA was awarded during his tenure as the Prime Minister but was later on cancelled after the grand coalition government left office.
&ldquo;We had awarded the Greenfield airport contract before we left government with Mwai Kibaki in 2012. That contract was cancelled, then it was given to the same contractor but then again cancelled because of disagreements. When we got to Adani, they (the political rivals) brought politics and the contract was cancelled," he said.
&ldquo;If that is not done, Nairobi will just become dormant. Look at Addis Ababa, they are going and now putting up a new big airport and it's going to be the hub around,&rdquo; he added.
Under the proposed airport deal worth nearly USD 2 billion, the conglomerate was to add a second runway at JKIA and upgrade the passenger terminal. It was also to operate it on a 30-year lease.
Odinga said if the airport construction is done, it has the potential to become Africa&rsquo;s top airline.

The partnership strengthens Bata's market presence and caters to the growing demand for stylish and high-quality footwear in India

Bata India secures exclusive manufacturing, sales rights for Nine West

<h2>The partnership strengthens Bata's market presence and caters to the growing demand for stylish and high-quality footwear in India</h2>

Bata India, one of the leading footwear retailers and manufacturers secured the rights to manufacture and sell the renowned lifestyle brand Nine West in India. The company has entered into a licensing and manufacturing agreement with Authentic Brands Group, a global brand development and marketing powerhouse.
Under this collaboration, Bata India has gained exclusive rights to manufacture, market, and distribute Nine West shoes and accessories throughout India via its extensive network of stores. Nine West, a premium brand renowned for its stylish footwear, bags, and watches, will now be readily accessible to Indian consumers through Bata's retail outlets.
Authentic Brands Group boasts an impressive portfolio of over 40 brands, including popular names like Reebok, Brooks Brothers, Ted Baker, and Forever 21. With a vast retail presence in more than 150 countries, Authentic Brands serves as a bridge connecting brands with partners, operators, distributors, and retailers worldwide.
Bata India, with a robust fiscal performance in 2023, reported revenue from operations totaling ₹3,451 crore. The company operates four manufacturing facilities in the country and maintains a strong retail presence through 2,050 stores across various cities. In the last fiscal year, Bata India successfully sold 48.46 million pairs of footwear.
This latest move aligns with Bata India's strategic initiatives focused on casualization and premiumization of its product portfolio. Alongside Nine West, the company also offers other premium brands such as Hush Puppies, Marie Claire, and Red Label, catering to diverse consumer preferences.
With the introduction of Nine West's premium offerings, Bata India continues to elevate its product range, ensuring customers have access to high-quality, fashionable footwear and accessories, further strengthening its position in the Indian footwear market. Also Watch: <a href="https://www.editorji.com/business-news/bata-india-in-partnership-talks-with-adidas-for-indian-market-1692260945904">Bata India in partnership talks with Adidas for Indian market</a>

Air India's jumbo deal to buy 500 planes from Boeing and Airbus sealed: report

the deal could be announced as early as next week and is split equally between France's Airbus and Boeing.&nbsp;

Air India has sealed a mega deal for about 500 new planes worth more than $100 billion at list prices, according to a NDTV reported, citing Reuters.
As per the report, the deal could be announced as early as next week and is split equally between France's Airbus and rival planemaker Boeing.&nbsp;
In its jumbo deal, Air India has agreed to purchase 250 Airbus planes, and 220 Boeing aircraft apart from 10 777Xs.
The report further said, Airbus and Air India signed the agreement on Friday. However, Boeing agreed its deal with the airline on Jan. 27.&nbsp;
Also Watch: <a href="https://www.editorji.com/india-news/cow-hug-day-netizens-bombard-social-media-with-hilarious-reactions-1675953806430">Cow Hug Day netizens bombard social media with hilarious reactions</a>

In a further impetus to self-reliance in defence production, the Defence Ministry has signed a contract with BrahMos Aerospace for acquisition of additional dual-role capable surface-to-surface BrahMos missiles at an approximate cost of Rs 1,700 crore under the 'Buy-Indian' category.
In a statement issued on Thursday, the ministry said the induction of these dual-role capable missiles is going to "significantly enhance" the operational capability of Indian Navy fleet assets.
BrahMos Aerospace Pvt. Ltd. (BAPL) is a joint venture between India and Russia, making crucial contribution to augment the new generation surface-to-surface missiles (SSMs) with enhanced range and dual role capability for land as well as anti-ship attacks, it said.  "Providing further impetus to Aatmanirbharta in defence production, the Ministry of Defence (MOD) signed a contract today with M/s BrahMos Aerospace Pvt. Ltd. (BAPL) for acquisition of additional dual-role capable Surface to Surface BrahMos missiles at an overall approximate cost of Rs 1,700 Crore under 'Buy-Indian Category'," the statement said. 
This contract is going to give further boost to indigenous production of critical weapon system and ammunition with active participation of indigenous industry, it added. 
 

Defence Ministry signs deal for dual-role surface-to-surface  BrahMos missiles 

In a statement issued on Thursday, the ministry said the induction of these dual-role capable missiles is going to "significantly enhance" the operational capability of Indian Navy fleet assets.

In a further impetus to self-reliance in defence production, the Defence Ministry has signed a contract with BrahMos Aerospace for acquisition of additional dual-role capable surface-to-surface BrahMos missiles at an approximate cost of Rs 1,700 crore under the 'Buy-Indian' category.
In a statement issued on Thursday, the ministry said the induction of these dual-role capable missiles is going to "significantly enhance" the operational capability of Indian Navy fleet assets.
BrahMos Aerospace Pvt. Ltd. (BAPL) is a joint venture between India and Russia, making crucial contribution to augment the new generation surface-to-surface missiles (SSMs) with enhanced range and dual role capability for land as well as anti-ship attacks, it said. &nbsp;"Providing further impetus to Aatmanirbharta in defence production, the Ministry of Defence (MOD) signed a contract today with M/s BrahMos Aerospace Pvt. Ltd. (BAPL) for acquisition of additional dual-role capable Surface to Surface BrahMos missiles at an overall approximate cost of Rs 1,700 Crore under 'Buy-Indian Category'," the statement said.&nbsp;
This contract is going to give further boost to indigenous production of critical weapon system and ammunition with active participation of indigenous industry, it added.&nbsp;
Also watch: <a href="https://www.editorji.com/india-news/politics/will-contest-if-party-wants-me-to-ashok-gehlot-clears-air-on-running-for-congress-president-1663764201984">'Will contest if party wants me to': Ashok Gehlot clears air on running for Congress president</a>

Bloomberg&nbsp;reports that&nbsp;Goldman Sachs Group sold $10.5 billion worth of stocks in block trades on Friday.The spree block trade&nbsp;erased $35 billion from the values of bellwether stocks ranging from Chinese technology giants to U.S. media conglomerates.Most market analysts were stunned by the size of the record $10.5 bn block deals. Many remain uncertain ahead as questions on reason remain unanswered.&nbsp; With the identity of the main seller unknown Wall Street traders expressed concern and were quoted as saying " we don&rsquo;t have all the answers on whether this was the liquidation of just one fund or more than a fund, or whether it was a fund liquidation to begin with and the reason behind it,"

The $10.5 bn block deal on Wall Street from Goldman Sachs that wiped out $35 billion in value

It was a record spree of block deals as Goldman Sachs sold shares worth $10.5 billion on Friday. With the rationale unknown the block deals wipe out $35 billion in market value.&nbsp;

The $10.5 bn block deal on Wall Street that wiped out $35 billion in value

<ul>
<li>Goldman Sachs executes block deals worth $10.5 bn on Friday&nbsp;</li>
<li>Goldman sells stocks in&nbsp;Baidu Inc., Tencent Music among others&nbsp;</li>
<li>Goldman block deal led to crash in shares being sold</li>
<li>$10.5 billion block deal, wipes out $35 billion in value&nbsp;</li>
<li>Wall Street traders unsure of reason of sale or identity of main seller&nbsp;</li>
</ul>

Bloomberg&nbsp;reports that&nbsp;Goldman Sachs Group sold $10.5 billion worth of stocks in block trades on Friday. The spree block trade&nbsp;erased $35 billion from the values of bellwether stocks ranging from Chinese technology giants to U.S. media conglomerates. Most market analysts were stunned by the size of the record $10.5 bn block deals. Many remain uncertain ahead as questions on reason remain unanswered.&nbsp; With the identity of the main seller unknown Wall Street traders expressed concern and were quoted as saying " we don&rsquo;t have all the answers on whether this was the liquidation of just one fund or more than a fund, or whether it was a fund liquidation to begin with and the reason behind it,"

deal

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