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Adani enterprises reports net income of $27.4 million

Quarterly earnings for billionaire Gautam Adani's flagship firm, Adani enterprises, fell by as much as 50% as revenues from coal trading dipped. The Ahmedabad-based firm reported a net income of 27.4 million dollars for the quarter ending in September, down from 57 million dollars in the same period last year. Both revenue and total expenses fell by 41%.