Kerala-bound Air India Express flight returns to Abu Dhabi as flames seen in engine mid-air

Udupi, Mar 12: Two elderly women from Udupi district passed away at the holy city of Makkah in Saudi Arabia during their Umrah pilgrimage. 

The deceased are Mariyamma and Khatijamma, both in their late sixties. They were residents of Kota in Brahmavara taluk of Udupi. 

The two women, said to be relatives, were part of nearly three dozen pilgrims that had undertaken pilgrimage through a Mangaluru based agency. They had started journey on March 1.

It is learnt that Mariyamma died of heart attack on March 9 in Makkah when the group was gearing up to head to Madeenah after completing Umrah rituals. Khatijamma, who had fallen sick, passed away a couple of days later, i.e. on March 11. 

The last rites of both the women were held in Makkah. 

New York: The Yemeni government and the Houthis have agreed to release 887 detainees, following 10 days of negotiations in Geneva, the UN and the International Committee of the Red Cross said.

They added that both sides have also agreed to visit each other’s detention facilities, grant the delegations full access to all detainees during those visits, and to meet again in May to discuss further prisoner swaps.

Hans Grundberg, the UN’s special envoy for Yemen, described the deal as one more reason to believe things are moving “in the right direction” toward a resolution of a conflict that has ravaged the country for more than eight years and caused one of the biggest humanitarian crises in the world.

“For hundreds of Yemeni families, today is a good day,” said Grundberg. “Unfortunately, Yemen doesn’t experience as many good days as it deserves. So, I warmly congratulate all involved for this achievement. Today, hundreds of Yemeni families can look forward to reuniting with their loved ones.

“But it is important to remember that when the parties committed to the Detainees’ Exchange Agreement they made a promise, not just to each other, but to thousands of Yemeni families who have been living with the pain of separation from those dearest to them for far too long.”

Referring to the announcement on March 10 of the resumption of diplomatic ties between Saudi Arabia and Iran, Grundberg added that he senses there is now “a willingness to engage in a positive direction on trying to come to a settlement on the conflict in Yemen.”

During a UN Security Council meeting last week, Grundberg welcomed the agreement between Saudi Arabia and Iran and said the region was witnessing a “step change in the scope and depth” of talks to end the long-running conflict in Yemen.

At the same time, he urged all those involved in the conflict to seize the opportunity offered by this “renewed regional diplomatic momentum” and take “decisive steps toward a more peaceful future.”

On Monday, he said a “comprehensive and sustainable end to the conflict is necessary if Yemen is to recover from the devastating toll the eight-year conflict has had on its men and women.”

According to a message posted on Twitter by the head of the Houthis’ prisoner affairs committee, Abdul Qader Al-Murtada, and the militia’s chief negotiator, Mohammed Abdulsalam, the Houthis have agreed to release 181 detainees, including 15 Saudis and three Sudanese nationals, in exchange for 706 prisoners held by the Yemeni government. The exchange will take place in three weeks, they added.

“It’s an expression of hope, it’s an expression of humanity and it indicates the way ahead for all parties to the conflict,” said Fabrizio Carboni, the International Committee of the Red Cross’s regional director for the Middle East, who was sitting between representatives of the two delegations on Monday.

The talks, which took place near the Swiss capital, Bern, were the latest in a series of meetings under the UN-brokered Stockholm Agreement, which previously led to the release of prisoners in 2020 and 2022.

Grundberg thanked the Swiss government for hosting the negotiations, and Jordan for hosting a number meetings of the supervisory committee.

New Delhi, Mar 19: Adani Group has suspended work on a Rs 34,900 crore petrochemical project at Mundra in Gujarat as it focuses on resources to consolidate operations and address investor concerns following a damning report by a US-based short seller, sources said.

The group's flagship Adani Enterprises Ltd (AEL) had in 2021 incorporated a wholly-owned subsidiary, Mundra Petrochem Ltd for setting up a greenfield coal-to-PVC plant at Adani Ports and Special Economic Zone (APSEZ) land in Kutch district of Gujarat.

But after Hindenburg Research's January 24 report alleging accounting fraud, stock manipulations and other corporate governance lapses chopped off about $140 billion from the market value of Gautam Adani's empire, the apples-to-airport group is hoping to claw back and calm jittery investors and lenders through a comeback strategy.

The comeback strategy is based on addressing investor concerns around debt by repaying some loans, consolidating operations, and fighting off allegations.

The group has denied all allegations levelled by Hindenburg. As part of this, projects are being re-evaluated based on cashflow and finance available.

And of the projects the group has decided not to pursue for the time being is the 1 million tonne per annum Green PVC project, two sources with knowledge of the matter said.

The group has shot off mails to vendors and suppliers to "suspend all activities" on immediate basis.

In the mails, seen by PTI, the group has asked them to "suspend all activities of the scope of work and performance of all obligations" for Mundra Petrochem Ltd's Green PVC project "till further notice."

This is the following "unforeseen scenario". The management, it said, was "re-evaluating various project/s being implemented at group level in different  business verticals. Based on future cashflow and finance, some of the project/s are being re-evaluated for its continuation and revision in timeline."

Reached for comments, a group spokesperson said AEL will be evaluating the status of growth projects in primary industry vertical over the coming months.

"The balance sheet of each of our independent portfolio companies is very strong. We have industry-leading project development and execution capabilities, strong corporate governance, secure assets, strong cashflows, and our business plan is fully funded. We remain focused on executing our previously outlined strategy to create value for our stakeholders," the spokesperson said.

"AEL will be evaluating the status of growth projects in the primary industry vertical over the coming months".

The unit was to have a poly-vinyl-chloride (PVC) production capacity of 2,000 KTPA (kilo tonne per annum) requiring 3.1 million tonne per annum (MTPA) of coal that was to be imported from Australia, Russia and other countries.

PVC is the world's third-most widely produced synthetic polymer of plastic. It finds wide applications - from flooring, to making sewage pipes and other pipe applications, in insulation on electrical wires, packaging and manufacture of aprons etc.

Adani Group had planned the project as PVC demand in India at around 3.5 MTPA was growing at the rate of 7 per cent year-on-year. With near stagnant domestic production of PVC at 1.4 million tonne, India is dependent on imports to keep pace with the demand.

The Hindenburg report had alleged "brazen stock manipulation and accounting fraud" and use of offshore shell companies to inflate stock prices. The group has denied all Hindenburg allegations, calling them "malicious", "baseless" and a "calculated attack on India".

As part of the comeback strategy, the group has cancelled a Rs 7,000 crore coal plant purchase as well as shelved plans to bid for stake in power trader PTC to conserve expenses. It has repaid some debt and pre-paid some of the finances raised by pledging promoter stake in group companies.