Akhilesh will lead the Cong-SP alliance: Ghulam Nabi Azad

January 17, 2017

Uttar Pradesh, Jan 17: The Congress on Tuesday announced that it would tie up with the Samajwadi Party (SP) in the coming Uttar Pradesh polls.

The development comes a day after the Akhilesh Yadav faction of the SP retained the party’s ‘cycle’ symbol.

“There will be a Congress-SP alliance in the coming U.P. elections,” senior Congress leader Ghulam Nabi Azad said.

Details of the alliance would be released in the coming days, he said, but underlined that the State Chief Minister would be the leader of the alliance.

“Details about it [alliance] will be decided in coming days. For now, we can say there will be Congress-SP alliance under the leadership of Akhilesh Yadav,” he said.

As for the possibility of enlarging the alliance with the participation of more parties, Mr. Azad was non-committal.

“For now it is Congress-SP alliance. [We] will think about Mahagathbandhan in the coming days,” he told ANI.

Akhilesh meets Mulayam

Mr. Akhilesh Yadav described his ties with his father as “unbreakable“. During the father-son meeting, Mr. Mulayam reportedly asked Mr. Akhilesh to retain about 40 candidates selected by his camp.

“Over 90 per cent of the candidates in both the lists are common. We will finalise the list of candidates soon,” Mr. Akhilesh said.

“I will take Netaji [Mulayam Singh Yadav] along...my relation with him is unbreakable,” he added.

“I was confident that I will get cycle. Little time is left. It’s a big responsibility and I will take everyone with us.”

Sheila Dikshit ready to withdraw

Meanwhile, the Congress’ chief ministerial face Sheila Dikshit said she would want to gracefully bow out as a candidate. She said, “I will like to gracefully withdraw as there cannot be two chief ministerial candidates for the elections.”

Amid the fast-paced developments, Sahibabad MLA Amar Pal Sharma, who won the last polls on the BSP ticket, joined the Congress in the presence of Mr. Azad.

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Gautam Adani reclaims Asia's richest person title with net worth of USD 111 billion

News Network

June 1,2024

Gautam Adani, chairman of multinational conglomerate the Adani Group, has reclaimed the title of the richest person in Asia with a net worth of $111 billion, according to the Bloomberg Billionaires Index. This came after the group's shares rallied up to 14 per cent on Friday.

With this, Adani has overtaken Reliance Industries’ Mukesh Ambani after nearly 5 months. Ambani stands at 12th rank with a net worth of $109 billion. He had overtaken Adani in net worth after his conglomerate's shares crashed following the Hindenburg report last January.

So far in 2024, Adani’s net worth has jumped $26.8 billion while Ambani's wealth has increased by $12.7 billion.

Last week, Adani also expressed his optimism about the future of the group saying that its best days are ahead.

“The road ahead is paved with extraordinary possibilities, and I can promise you that the Adani Group today is stronger than it has ever been," he said.

2023 had been quite challenging for the Adani Group after the Supreme Court ordered a panel to probe the allegations in the Hindenburg report. Adani, who was the third richest person in the world before the report, slipped in the rankings rapidly after the group's shares saw a sell-off.

However, later the Supreme Court ordered the Securities and Exchanges Board of India (Sebi) to conclude its investigation into the Adani Group and said no more probes were needed. Sebi had said that it could not reach an outcome in its probe.

The shares of the Adani Group have rallied after the judgement. In January, Adani had overtaken Ambani after nearly 12 months but later the lead was taken again by Ambani. Now Adani has overtaken Ambani again.

The Bloomberg Billionaires Index showed that currently, Bernard Arnault is currently the richest person in the world with a net worth of $207 billion. He is followed by Elon Musk and Jeff Bezos with total wealth of $203 billion and $199 billion respectively.

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