By Mardi Suhs

CADILLAC Donna Moorhead is retiring after teaching water aerobics for 20-plus years.

Since 1994, Moorhead taught at the Cadillac Sands Resort pool three days a week for the Cadillac Senior Center.

Moorhead really didn't want a fuss made over her retirement. And this interview, she said, seemed like we were "making a big deal out of nothing."

"Everybody has their thing, and this happened to be the one I liked the best," she said. "I would go to the pool like anybody I just always did it."

"Donna took this job at 67, when most people are retiring," said Diane Patterson, director of the center. "This is quite a feat in itself. She touched so many lives with positive reinforcement and encouragement. She got folks motivated to get into the pool, and she kept control of the rowdy men in the class."

More than 20 years ago, Moorhead attended water aerobics and filled in when the teacher couldn't make it. When that teacher "moved on to other things," she took over.

"They didn't make a big deal one way or the other," Moorhead said. "She was gone. I was doing it so I continued."

The celebration will take place at the Cadillac Sands Resort at 11:30 a.m. on Friday, June 20. There will be a BBQ lunch in the tent. If it rains, the party will be held inside. Admission is $10 per person. For more information call 231-779-9420.

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Senior center water aerobics instructor retiring

In its biggest fund-raising excercise, Adani Group is set to raise $2.5 billion (Rs 15,000 crore) from investors in India and abroad. Within a quarter, the group will raise $1 billion (Rs 6,000 crore) by selling new shares of Adani Enterprises, the groups flagship firm, and an additional $1.5 billion (Rs 9,000 crore) from banks abroad to fund various projects.

With a pro-business government taking charge at the Centre, Adani Group companies have seen an unprecedented boom in their stocks. Shares of Adani Enterprises have jumped 235 per cent since Narendra Modi was named the Bharatiya Janata Partys prime ministerial candidate in September 2013.

Of its $1.5-billion foreign loan, the group has already raised $500 million (Rs 3,000 crore) to refinance the loans it had taken to acquire a coal and port project in Australian. The group is raising funds for its $15.5-billion coal mining project in Australia, as well as its ports and power projects in India. Adani Group also needs funds for its Rs 5,500-crore takeover of Dhamra port from Larsen & Toubro and Tata Steel.

An email to Adani group did not elicit a response.

Insiders say the fund-raising will help Adani Enterprises and other group companies to expand operations. Analysts say the Modi governments first Budget is expected to provide a major boost to the infrastructure sector, which will help companies in this sector bag new projects. The group delivered a good performance for the quarter ended March. Adani Enterprises reported a fivefold in increase in consolidated profit at Rs 2,848 crore, primarily driven by the companys power business, which recorded additional revenue because of compensatory tariff for two projects. During the March quarter, contribution of the power business rose 200 per cent compared to the year-ago period; sales rose 40 per cent to Rs 16,171 crore.

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Adani Group to raise $2.5 bn through QIP, foreign loans