'Something big soon India': Hindenburg message raises eyebrows

News Network
August 10, 2024

Hindenburg Research, the entity which shorted Adani stocks and led to a massive crash in the conglomerate's market value, has posted a cryptic message on social media platform X, wherein it said, "Something big soon India".

Their post has already started garnering a lot of attention, with many X users slamming the short seller based on the recent Sebi show cause notice to the firm regarding the Adani issue.

"Tool kit activated to distract more from Bangladesh," one user commented.

"Like the actual Hindenburg, I find your India coverage to be mostly hot air," another said.

Adani Enterprises had decided not to proceed with a debut retail bond offering of up to Rs 1000 crore last year after US-based short-seller Hindenburg Research accused the group of improper use of offshore tax havens and stock manipulation.

Adani Group denied Hindenburg's allegations, but shares of its group companies lost more than $100 billion in value before recovering in late 2023.

Hindenburg Research had shared an advance copy of its damning report against Adani group with New York-based hedge fund manager Mark Kingdon about two months before publishing it and profited from a deal to share spoils from share price movement, according to market regulator Sebi.

The Securities and Exchange Board of India (Sebi), in its 46-page show cause notice to Hindenburg, detailed how the US short seller, the New York hedge fund and a broker tied to Kotak Mahindra Bank benefited from the over $150 billion routs in the market value of Adani group's 10 listed firms post-publication of the report.

Sebi charged Hindenburg of making "unfair" profits from "collusion" to use "non-public" and "misleading" information and induce "panic selling" in Adani Group stocks.

Hindenburg, which made public the Sebi notice, in its response, has described the show cause as an attempt to "silence and intimidate those who expose corruption and fraud perpetrated by the most powerful individuals in India" and revealed that the vehicle used to bet against Adani's flagship firm Adani Enterprises Ltd belonged to Kotak Mahindra (International) Ltd, a Mauritius-based subsidiary of Kotak Mahindra Bank Ltd. 

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News Network
April 14,2025

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Israel has prevented tens of thousands of Palestinians in the occupied West Bank from entering the holy land of Jerusalem to celebrate a Christian festivity at the city’s churches.

The Palestinian WAFA news agency reported that only a limited number of Palestinian Christians were able to attend celebrations in al-Quds for the Palm Sunday feast day. 

Israeli forces issued only 6,000 permits for West Bank Christians, although the population exceeds 50,000, the report added.

The occupation’s soldiers imposed strict measures at checkpoints surrounding al-Quds and its Old City, home to the Church of the Holy Sepulchre.

“This is the second consecutive year that only a small number of pilgrims are able to participate in Holy Week and Easter celebrations in al-Quds, due to the ongoing conflict,” said Father Ibrahim Faltas, deputy head of the Custody of the Holy Land.

Christians in the Gaza Strip commemorated Palm Sunday at Saint Porphyrius Greek Orthodox Church, just hours after an Israeli aerial assault on the nearby al-Ahli Arab hospital.

In a statement, the Gaza-based Hamas resistance group censured Israel for restricting West Bank Palestinians’ access to al-Quds.

The Israeli move is a part of a broader racist and fascist policy aimed at isolating Palestinians from their homeland and holy sites, it added.

Hamas also called on all churches across the world to condemn the occupation and its ongoing attacks on freedom of worship and access to holy sites.

It further urged the international community to take serious steps towards ending Israel’s genocidal war in the Gaza Strip, which is aimed at annihilating Palestinians and liquidating their cause.

Israel launched its brutal Gaza onslaught on October 7, 2023, after Hamas carried out a historic operation against the usurping entity in retaliation for its intensified atrocities against the Palestinian people.

After one and a half years of war, the Tel Aviv regime has failed to achieve its declared objectives in the besieged territory, despite killing at least 50,944 Palestinians, mostly women and children, and injuring 116,156 others.

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News Network
April 9,2025

Mangaluru: A routine midnight tea run turned into a horrifying tragedy when a motorcycle carrying three young men — in clear violation of traffic rules — slammed into an open divider on National Highway 66 at SKS Junction in the early hours of April 8. Two of them lost their lives, while the third is recovering from injuries.

The victims have been identified as Sankeerth, who was riding the motorcycle (KL-58-Q-6381), and Dhanurved C, the first pillion rider. Sibi Sam, the second pillion rider, was injured but survived the crash.

According to the FIR registered at the Traffic East Police Station (Crime No. 48/2025), the friends had set out from Lohith Nagar around 2:30 am, heading towards Pumpwell for tea. While Rohan Joby and Meghnath rode separately on a different bike (KL-13-AH-2388), Sankeerth was accompanied by two pillion riders — a clear case of triple riding, which is both illegal and dangerous.

As they sped along NH-66, Sankeerth reportedly lost control near SKS Junction and collided with the edge of an open road divider at approximately 2:50 am. The impact threw all three men onto the highway with violent force.

Sankeerth and Dhanurved suffered critical head and facial injuries and died while being rushed to the hospital. Sibi Sam is undergoing treatment for his injuries.

The FIR invokes Sections 281, 125(a), 106(1) of the Bharatiya Nyaya Sanhita, and 128(a) read with 177 of the Motor Vehicles Act, which include provisions related to rash driving and traffic violations.

The police have launched a full investigation. The accident has reignited public concern about reckless driving, triple riding, and the hazards posed by poorly maintained road dividers, especially during low-visibility hours.

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News Network
April 18,2025

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Prime Minister Narendra Modi and Tesla CEO Elon Musk held a telephonic conversation on Friday, discussing the vast potential for collaboration in the fields of technology and innovation. During the call, PM Modi reiterated India’s commitment to deepening its partnership with the United States in these sectors.

In a post on X, PM Modi shared, “Spoke to @elonmusk and talked about various issues, including the topics we covered during our meeting in Washington, DC, earlier this year. We discussed the immense potential for collaboration in the areas of technology and innovation. India remains committed to advancing our partnerships with the US in these domains.”

The two leaders had previously met in February at Blair House in Washington, DC. Their discussions focused on enhancing cooperation between Indian and US entities in innovation, space exploration, artificial intelligence, and sustainable development.

They also explored opportunities to strengthen collaboration in emerging technologies, entrepreneurship, and good governance. Elon Musk, who also heads the US Department of Government Efficiency (DOGE), was accompanied by three of his children during the February meeting.

In a statement, the Ministry of External Affairs (MEA) said, “The Prime Minister and Mr. Musk discussed strengthening collaboration between Indian and US entities in innovation, space exploration, artificial intelligence, and sustainable development. Their discussion also touched on opportunities to deepen cooperation in emerging technologies, entrepreneurship, and good governance.”

PM Modi also took to X to reflect on their earlier in-person meeting, saying, “Had a very good meeting with @elonmusk in Washington DC. We discussed various issues, including those he is passionate about, such as space, mobility, technology, and innovation. I also spoke about India’s reform efforts and the vision of ‘Minimum Government, Maximum Governance.’”

He added, “It was also a delight to meet Mr. @elonmusk’s family and to talk about a wide range of subjects!”

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