Gautam Adani was the world's third and Asia's richest man a month back but a damning report by a US firm triggered a massive sell-off in shares of his apples-to-airport group, plunging his own wealth by $80 billion and the tycoon slipping to No.30 on the world billionaire index. Adani's sprawling conglomerate, which spans from sea ports to airports, edible oil and commodities, energy, cement and data centres, is under attack by US short-seller Hindenburg Research, which successfully deflated electric-vehicle maker Nikola Motors in 2020. Hindenburg, which held short positions in unidentified shares of Adani Group firms through its US-traded debt and offshore derivatives, on January 24 accused the conglomerate of "brazen stock manipulation and accounting fraud" and using a number of offshore shell companies to inflate stock prices.
The Samajwadi Party national executive is also of the view that elections should be held through ballot papers and not through electronic voting machines,
Singh, however, had received support for his moves from former Prime Minister Atal Bihari Vajpayee, who has expressed satisfaction with the BJP chief's new team.
The Aam Aadmi Party's spectacular electoral debut in New Delhi is now creating ripples down south.
Leader of the Opposition in Lok Sabha Sushma Swaraj on Tuesday night tweeted that her party was opposed to the ordinance approved by the union cabinet and "we request the President not to sign this ordinance".
A major revamp of Uttar Pradesh unit of BJP is likely in the coming month. And nobody in the party hierarchy has an idea about what's going on in party president Amit Shah's mind.
'At the moment, we are supporting the Nitish Kumar-led government.' 'When the time comes for this government to fall, it will.'
'The day the power shifts, they will run across to the other side.'
Bundelkhand is thought to be an area where Mayawati has some influence. Both Amit Shah and Shivraj Chouhan believe every weapon in the arsenal must be used to ensure victory.
On party vice-president Mukhtar Abbas Naqvi's remarks in Rampur on Saturday that the second-generation leadership would lead the party in the next elections, he said there was nothing unusual about his statement.
Bharatiya Janata Party MPs from Uttar Pradesh on Monday staged a day-long dharna in Lucknow as part of a state-wide agitation against alleged power crisis and poor law and order situation in the state.
The vision of a 'New India' would talk about constructing a nation where the so-called appeasement of religious minorities would stop, Hinduism would be accorded "due status" and there will be one law for all citizens, including for the people of Jammu and Kashmir, reports Archis Mohan.
The levy of retrospective tax on the UK's Cairn Energy Plc is a tale of bizarre twists and turns that saw its attached shares being sold in May 2018 amid the passing of the baton from a full-time finance minister to interim one and the talks at the highest level to resolve the dispute, to claims that levy of back taxes was a result of an investigation into Panama Papers leak. The government late last month refunded about Rs 7,900 crore it had collected from selling residual shares of the British firm in its erstwhile India unit, seizing dividend and withholding tax refunds, to settle an eight-year-old dispute that had tarred the country's reputation as an investment destination. But, this did not come about easily. For seven years, the establishment vehemently justified in courts and outside seeking of Rs 10,247 crore in back taxes plus interest and penalty from a firm that gave India its biggest onshore oil discovery.
Karnataka Minister K S Eshwarappa, who is facing charges of abetment to suicide in connection with the death of a civil contractor in Udupi, on Thursday announced stepping down from his position.
Even as Congress has announced plans to hold year-long celebrations to commemorate the 125th birth anniversary of BR Ambedkar, Prime Minister Narendra Modi is expected to lay the foundation stone for the 'Ambedkar International Centre' in New Delhi, the legacy of the Dalit icon becoming the focus of a contest between the rival parties
The Opposition candidate in the July 18 presidential polls, Yashwant Sinha, held his first campaign strategy meeting on Wednesday at the Nationalist Congress Party office in New Delhi and said a "rubberstamp President" will not work in the country.
The ruling DMK in Tamil Nadu had begun seeing Governor Ravi's decisions and actions as a part of the state BJP's non-stop criticism of its government and directed from Delhi, a view strengthened by the governor's decision to return the NEET exemption bill, points out N Sathiya Moorthy.
Sushma Swaraj has fought battles fearlessly, lost a few, and won many. By rights, according to many, she is the one who should have been declared the Bharatiya Janata Party's prime ministerial candidate for this year's general elections. But that didn't happen. Is that why she is so quiet these days?
'If the platform is public, then every Indian regardless of his ideology and commitment has got the right to convey his view'
Amid efforts to convince L K Advani on declaring Narendra Modi as Bharatiya Janata Party's prime ministerial candidate ahead of 2014 Lok Sabha polls, Bihar's BJP chief Sushil Kumar Modi said the veteran leader had failed to gauge the public mood in this regard.
Sibal also said the present dispensation wants an 'Opposition-mukt Bharat' not just a 'Congress-mukt Bharat'.
Several eminent officials and experts from both India and the United States have told American lawmakers that a Bharatiya Janata Party-led government at the Centre would be detrimental to the basic rights of the religious minorities in India.
Poonam held Arun Jaitley responsible for her quitting the BJP.
'The expulsion of Kashmiri Pandits -- and all other non-Muslims -- is its clear objective.'
The bill also makes it mandatory for the Delhi government to take the opinion of the L-G before any executive action.
Shah also said that the parties in power in Uttar Pradesh and Karnataka were answerable for the incidents cited by protesting writers.
The appointments of five governors, including for Arunachal Pradesh and Meghalaya, and Lt Governor of Andaman and Nicobar Islands by President Ram Nath Kovind were announced on Saturday.
'If the JD-U wants to join hands with LJP, then it will have to break its alliance with BJP and in case Congress and Left Front want to have alliance with LJP, they are warmly welcome,' Paswan said.
Why did the department and his colleagues not stop this 'rogue' officer from implicating an innocent man while the entire nation was watching for weeks? The answer is they either approved, or disapproved and refused to intervene or they didn't care, notes Aakar Patel.
Farmer interest groups predict that unless the government corrects its agricultural pricing and procurement policy, it will face a political blowback.
Springing a surprise, Vijayakanth-led Desiya Murpokku Dravida Kazhagam on Wednesday struck an alliance with the four-party People's Welfare Front for the May 16 Assembly elections in Tamil Nadu with the actor-turned-politician being declared as the chief ministerial candidate of the alliance.
'Due to the huge unemployment among displaced Adivasis they undertake any job that comes their way even if it means working and living in hazardous conditions.' 'The situation is such that out of every five tribals who migrate in search of employment only three come back alive.'
The opposition invested in people to speak badly about the Aam Aadmi Party, says Prithvi Reddy, national executive member of AAP. Vicky Nanjappa reports
'If dissolution comes by end of January or first week of February, elections can be announced by February 15 and the process can be completed by March end', the BJP general secretary said.
In some ways, Jyotiraditya parting ways with the Gandhis was similar to the saga of the Gandhis and the Bachchans, largely a story of friendship that turned sour. A fascinating excerpt from Rasheed Kidwai's The House Of Scindias: A Saga Of Power, Politics And Intrigue.
Attempting to break the deadlock in seat-sharing talks for the October 15 Maharashtra assembly elections, the Bharatiya Janata Party will send a fresh proposal to the Shiv Sena even as it said it would like to contest seats its saffron ally had not won in years.
'...even if they have profound differences. We discuss within our party and with each other, but not openly. We just reminded the BJP that they too, should follow this dharma.'
'If you persist in opposing the government, they set the ED or the NIA on you. And the courts have not given us much hope.'
'Ours is a diverse culture and we ought to respect each other's customs. People must not be coerced into exhibiting their patriotism in one particular way'
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