MSCI seeks feedback on Adani Group after Hindenburg expose

News Network
January 28, 2023

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Index provider MSCI said on Saturday, January 28, it is seeking feedback on Adani Group and associated securities and is aware of a report issued by short-seller Hindenburg Research.

The US short-seller said on Wednesday it held short positions in the Indian conglomerate, accusing it of improper use of offshore tax havens and flagging concerns about high debt, leading to a massive sell-off of India-listed shares of the conglomerate's companies.

"MSCI is closely monitoring publicly available information regarding the situation and the factors that may impact the eligibility of those relevant securities for the MSCI Global Investable Market Indexes," it said in a statement. 

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News Network
March 13,2023

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Mangaluru, Mar 13: The Mangaluru International Airport (MIA), the second busiest airport in Karnataka, handled 2,00,527 national and 92,290 foreign travellers in the first two months of the calendar year.

The MIA had handled 1,38,510 domestic and 56,506 international passengers in the corresponding two months of the previous calendar year, thus effectively ensuring that MIA handled 97,801 more passengers in the first two months of this calendar year, a release from the Adani-run MIA said here Sunday.

With more routes and airports opening, the development of airports has improved increasing the country’s investment opportunities while simultaneously increasing job prospects, the release said.

All seven Adani airports saw an increase of 92 per cent in domestic and 133 per cent in international travellers. There has been a rise in the number of domestic flights by 58 per cent and international flights by 61 per cent.

The air traffic jumped by around 100 per cent compared to the previous year, taking the number to pre-pandemic levels with more than 14.25 million passengers using these airports during the last year.

This upward trend is expected to continue and it is anticipated that the number of trips people will take in a year will increase. One of the factors driving this growth is the restart of tourism after the pandemic.

Being the second busiest airport in the country, Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA) recorded nearly 8.44 million passenger movements in January-February this year. CSMIA witnessed nearly 2.22 million international and 6.22 million domestic passengers.

The first two months also saw a huge rush at the Sardar Vallabhbhai Patel International (SVPI) Airport in Ahmedabad. It had 1.74 million domestic passengers flying in and out of the airport. Its international traffic recorded 2,83,379 travellers.

Jaipur is the 11th busiest airport in the country. Jaipur International Airport (JIAL) recorded nearly 0.95 million passenger movements. JIAL experienced significant growth, with nearly 69,300 international passengers and around 0.88 million domestic passengers.

Being the busiest airport in Uttar Pradesh, Lucknow’s Chaudhary Charan Singh International Airport (CCSIA) recorded nearly 1.04 million passenger movements in both months. CCSIA witnessed a fruitful first two months with nearly 1,36,880 international and around 9.03 lakh domestic passengers.

Considered the gateway to Northeast India, Lokpriya Gopinath Bordoloi International (LGBI) Airport has flights to and from 32 domestic and two international destinations. It recorded a footfall of 9,02,694 passengers, witnessing a sharp increase from the corresponding months last year.

Thiruvananthapuram recorded 2,99,850 and 2,99,770 domestic and international footfalls. The airport has connectivity to ten domestic and 12 international airports.

The growth in traffic is proof of Adani Airports’ attempts to promote passenger confidence through initiatives like e-gates, barcode scanners, friendly and cooperative ground staff, Pranam Service, free Wi-Fi, retail and F and B stores and automated parking systems.

The rise in passenger traffic was driven by positive sentiments among air travellers and a strong surge due to the festive holiday season, the release said. 

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News Network
March 13,2023

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Mangaluru, Mar 13: A youth was found dead in sitting position under mysterious circumstances inside a parked car at Kalladka in Bantwal taluk of Dakshina Kannada.

The deceased is identified as Jagadish, resident of Hosaimar of Goltamajalu village. He was working as a videographer a few years ago. However, he had changed the profession to become a full time driver. 

It is learnt that Jagadish had he had gone to his ancestral house along with his brother-in-law and children to attend a ritual on Sunday, March 12, morning. 

When the two were returning, Jagadish reportedly started feeling uncomfortable. He requested his brother-in-law take children home in another vehicle. He told them that he would sleep in the car for some time and then return home. This happened at around 1.30 pm near Kalladka.

However, Jagadish did not come home till 7 pm. When the family members reached the spot in search of him, they found him sleeping in sitting position inside the car. When they opened the door of the car and checked, Jagadish was reportedly dead.

The cause of death is unknown. A case has been registered at jurisdictional police station and investigations are on. 

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News Network
March 13,2023

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Mangaluru, Mar 13: Senior BJP leader and former minister KS Eshwarappa once again made a provocative remarks on using loudspeakers for Azaan which is likely to once again stoke a debate on it.

Eshwarappa, who was addressing a gathering during BJP’s Vijay Sankalp Yatra held in Mangaluru’s Kavoor on Sunday, paused his speech on hearing azaan from a nearby mosque for a second but was quick in taking objection to the sound.

"In temples, girls and women offer prayers and bhajans. We are religious, but we don't use loudspeakers. If you have to call for prayers using loudspeakers, it means Allah is deaf," he said.

He further said Azaan gives him a headache and added that the Supreme Court's judgment is due, and this issue will come to an end one day.

The use of loudspeakers for Azaan has been a hot topic with many people complaining of disturbance. The Supreme Court had in July 2005 banned the use of loudspeakers between 10 pm to 6 am, except in the cases of public emergencies, citing health impacts of noise pollution.

Later, in October 2005, the court said loudspeakers could be permitted to be used till midnight on festive occasions for 15 days a year.

In May 2020, lyricist Javed Akhtar had asked Azaan on loudspeakers should be stopped as it causes discomfort to others. He also had stated that for 50 years Azaan on loudspeakers was Haraam in India for almost 50 years. It became Halaal thereafter, he added.

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