Modi govt’s 2nd anniversary gift: Eating out, phone bills, airfares costly from today

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.

An Emirates plane was damaged after colliding with a flock of flamingos shortly before touchdown, damaging the plane and leaving several birds dead, the airline said on Wednesday. The flight, however, landed safely in Mumbai late on Monday night, the airlines added.

The Boeing 777 aircraft, flying from Dubai to Mumbai, hit the flock around 300 metres (1,000 ft) from the ground, leaving 39 of the birds dead, sources said.

"Emirates can confirm that EK508 from Dubai to Mumbai on May 20 was involved in a bird strike incident upon landing," an Emirates spokesperson told Reuters.

"The aircraft landed safely and all passengers and crew disembarked without injury, however sadly a number of flamingos were lost and Emirates is cooperating with the authorities on the matter," the spokesperson said.

The Emirates aircraft was damaged in the incident and the return flight, scheduled to depart for Dubai on May 20, was cancelled, the spokesperson said.

Images in local media showed officials carrying bloodied flamingos, which migrate to the city every winter from the neighbouring state of Gujarat.

Congress president Mallikarjun Kharge said on Saturday that INDIA bloc will win 295+ seats in the Lok Sabha Elections 2024, the results of which will be announced on June 4. Kharge's estimate came about an hour before the exit polls results for general elections are expected to be released. 

“INDIA bloc will win at least 295 seats. This is not based on our survey. This is what people have told us," Kharge said after the meeting of INDIA bloc leaders at his residence on Saturday. 

Kharge also said that leaders of INDIA bloc have sought time from Election Commission of India on Sunday to discuss steps to be taken during counting of votes. 

The meeting, held as the seventh and last phase of Lok Sabha Elections 2024 is about to end, discussed the future course of action after the results of the Lok Sabha Elections are announced on June 4.

Former Uttar Pradesh Chief Minister and Samajwadi Party chief Akhilesh Yadav SP, his party colleague, Ram Gopal Yadav, NCP (Sharadchandra Pawar) chief Sharad Pawar, Delhi Chief Minister Arvind Kejriwal, Punjab Chief Minister Bhagwant Mann, AAP leaders Sanjay Singh and Raghav Chadha.

RJD leader Tejashwi Yadav, Jharkhand Chief Minister, Champai Soren, former Jammu and Kashmir Chief Minister Farooq Abdullah, Sitaram Yechury of CPIM and Dipankar Bhattacharya of CPI(ML). These other than Congress leaders including Rahul Gandhi, Sonia Gandhi and Priyanka Gandhi Vadra are also present in the meeting.

Top opposition leaders including West Bengal Chief Minister Mamata Banerjee, Tamil Nadu Chief Minister MK Stalin and PDP chief Mehbooba Mufti are not attending the meeting. The DMK is represented by its TR Baalu in the meeting.

The meeting is underway amid voting taking place to decide the fate of 904 candidates, including Prime Minister Narendra Modi, across 57 seats in seven states and one Union Territory in the last and final phase of Lok Sabha Elections 2024.

Soon after the polling of last phase is over, the results of Exit Polls for Lok Sabha Elections 2024 will be released. In a U turn, the Congress said that leaders of INDIA bloc parties will now take part in exit poll debates this evening. The, a day after Congress said on that its leaders will not participate in debates related to Lok Sabha elections exit polls on June 4.

The Indian National Developmental Inclusive Alliance (INDIA) – an amalgamation of about 28 opposition parties – was formed with its first meeting in June 2023 to put up a collective fight against BJP-led National Democratic Alliance.

The BJP-led NDA, seeking a record third term under Prime Minister Narendra Modi, has set a target of winning 400 seats this election.