By Nitya Chakraborty On December 9 Monday, Indian foreign secretary held crucial talks in Dhaka with his Bangladesh counterpart as also the head of interim government Dr. Muhammad Yunus to find some ways for improving the bilateral relations in the wake of reports of attacks on Hindus by the communal elements of the country. The […]
By Dr. Gyan Pathak The current week is crucial for the Chief Justice of India Justice Sanjiv Khanna. He has a new task in hand –making judiciary above suspicion. The task has come on his way through two sets of petitions – the first was relating to the Places of Worship Act, and the second […]
By Nitya Chakraborty The already war ravaged West Asian region has entered into a new phase of geo political turmoil with the ouster of the Syrian President Bashar-al Assad Government and the President fleeing from Damascus on Sunday to Moscow and granted asylum there by the Russian Government. The defeat of the Syrian Bath Party […]
HANOI, VIETNAM – Media OutReach Newswire – 9 December 2024 – The Vietnamese F88 Business Joint Stock Company has been certified by Synesgy for excellent compliance with environmental, social and governance (ESG) principals, fully in line with national and international best practices. Earning an ESG Score of ‘A’ indicates that F88’s performance is at an excellent level of sustainability. Synesgy is a digital platform supporting organisations and […]
By K Raveendran OPEC+ has recalibrated its production strategy, extending voluntary output adjustments to stabilize oil markets in the face of uncertain global demand and geopolitical pressures. The alliance’s decision to prolong cuts until the first quarter of 2025 aims to counterbalance potential oversupply and demand fluctuations, particularly linked to Donald Trump’s policies and China’s […]
By Nitya Chakraborty Prime Minister Narendra Modi invited Russian President Vladimir Putin to visit India at the time of his visit to the BRICS summit at Kazan in Russia in October this year. This was immediately accepted by President Putin and in the last six weeks since the Kazan conclave on October 22-23 this year, […]
By Satyaki Chakraborty France landed on Wednesday night once again into a deeper political crisis after a no-confidence vote brought down the government, ending the beleaguered minority coalition of the conservative Prime Minister Michel Barnier propped up by the far right National Rally (RN) after only three months. The no-confidence motion brought by an alliance […]
HONG KONG SAR – Media OutReach Newswire – 5 December 2024 – Register for FREE Buyer Badge: https://tinyurl.com/3wpf8hr2 Organised by the Hong Kong Trade Development Council (HKTDC), the 51st Hong Kong Toys & Games Fair, the 16th Hong Kong Baby Products Fair and the 23rd Hong Kong International Stationery & School Supplies Fair (jointly organised with Messe Frankfurt (HK) Ltd) will be held from 6–9 January 2025 […]
Saudia, the Kingdom of Saudi Arabia’s national carrier, has entered into a strategic Memorandum of Understanding (MoU) with Air France-KLM to expand its maintenance, repair, and overhaul (MRO) capabilities, marking a significant step in its aviation development goals. This partnership aligns with Saudi Vision 2030’s emphasis on localization and technological advancement.
The agreement, signed in Riyadh, encompasses a range of collaborative efforts. Saudia will focus on localizing MRO services for GE90 engines, primarily used on Boeing 777 aircraft, with at least half of the work allocated to Air France-KLM. The partnership also explores establishing a joint venture for servicing GEnx engines, which power Boeing 787 jets. Saudia will leverage these initiatives to enhance its domestic technical capabilities while expanding its global operational reach.
Saudia’s collaboration extends beyond technical services. It aims to strengthen commercial ties with Air France-KLM by expanding codesharing agreements, providing increased connectivity on domestic and international routes, and improving operations at Paris Charles de Gaulle Airport. These efforts underscore the mutual benefits of the agreement for both airlines and the broader SkyTeam alliance, of which both are members.
By Nitya Chakraborty As the year 2024 is ending and India is on the threshold of beginning a New Year 2025, Prime Minister Narendra Modi and his senior officials in both PMO and the external affairs ministry are relaxed and looking for positive developments in the coming year for Indian diplomacy. Narendra Modi has reasons […]
BANGKOK, THAILAND – Media OutReach Newswire – 4 December 2024 – Henderson Land Development Company Limited has been named one of Asia’s Top Green Companies at the Asia Corporate Excellence & Sustainability (ACES) Awards 2024. This recognition underscores Henderson Land’s leadership in sustainable property development, environmental stewardship, and community well-being. Johnny Yu, Head of Sustainability and Advisor to the Chairman, Henderson Land Development Company Limited (Centre), proudly […]
By Nitya Chakraborty Less than two months are left for the presentation of the second budget of the third term Narendra Modi government in Parliament in February next year relating to the financial year 2025-26. The budget exercises are on in the finance ministry and the focus is on mobilizing additional resources for meeting the […]
By Nantoo Banerjee It is a matter of grave concern that counterfeit Rs 500 notes from the Mahatma Gandhi (new) series have nearly quadrupled between 2018-19 and 2023-24. And, the detection of counterfeit Rs 2,000 notes has tripled since 2020-21. The Rs 2,000 notes continue to remain legal tender and can be exchanged at RBI […]
Gautam Adani, chairman of the Adani Group, faces allegations from U.S. prosecutors accusing him and his associates of orchestrating a bribery scheme to secure lucrative solar energy contracts in India. According to the indictment, Adani and others allegedly paid bribes totaling ₹2,029 crore (approximately $265 million) to government officials between 2020 and 2024. The scheme reportedly aimed to secure power purchase agreements essential for unlocking significant profits for the group and its U.S.-based partner.
The indictment outlines a sophisticated operation involving encrypted communications, code names, and falsified project justifications. Prosecutors have also accused the group of attempting to obstruct investigations by destroying evidence and staging a fake inquiry to mislead regulators. Additional charges include violations of the Foreign Corrupt Practices Act (FCPA) and securities fraud, highlighting the alleged use of deceptive claims to raise over $2 billion from U.S. investors.
Prominent figures implicated include Gautam Adani, his nephew Sagar Adani, and former CEOs of both Indian and U.S. entities involved in the projects. The case has reignited concerns about corporate governance and transparency within the Adani Group, which had already faced scrutiny following a report by Hindenburg Research earlier this year.
The allegations have sent shockwaves through the group’s financial landscape. Within hours of the charges being announced, the Adani Group canceled a $600 million bond offering, citing legal uncertainties. The company’s stock prices plummeted, with shares in Adani Enterprises falling over 20%. Bonds tied to Adani Green Energy also experienced steep declines, reflecting investor apprehensions about the group’s future.
By K Raveendran The defence mounted by the Adani Group, both by its leadership and by the Indian government, in the face of damning allegations of corruption and irregularities levelled by U.S. authorities, raises serious questions about the interplay between corporate interests and political power in India. While the U.S. investigation exposes what it claims […]
By Dr. Gyan Pathak Electorate of the country has been tossing Congress up and down for quite some time, and the trend is more pronounced in the last one and half year ever since Karnataka elections in May 2023 when people brought the Congress with overwhelming majority throwing the BJP out of power. During this […]HONG KONG SAR – Media OutReach Newswire – 29 November 2024 – HONMA Golf Limited (“HONMA”; together with its subsidiaries, the “Group”; HKEX stock code: 6858), one of the most prestigious golf brands worldwide, announces its consolidated interim results for the six months ended 30 September 2024 (the “Period”). Financial Highlights Revenue decreased by 25.6% to JPY9,814.5 million (equivalent to USD64.8 million), due to ongoing and intensified […]
By Sushil Kutty Another Nehru-Gandhi made her presence felt in the Lower House of the Indian Parliament on November 28. — Priyanka Gandhi Vadra, with her mother Sonia Gandhi and her brother Rahul Gandhi, also Members of Parliament, she makes up the Gandhi trio, a rare constellation, except that Sonia Gandhi is a Rajya Sabha […]HONG KONG SAR – Media OutReach Newswire – 27 November 2024 – The first baijiu company listed on the Hong Kong Stock Exchange, ZJLD Group Inc. (“ZJLD” or the “Company”, SEHK stock code: 06979. HK), is pleased to announce that the Group has been awarded the “Greater Bay Area (GBA) Listed Companies ESG100 Green Advancement Awards – Value Champion Award” at the inaugural event. The “GBA Listed […]
Collaboration with Baosteel sets new benchmark for steel emissions data collection; Plaza 66 Pavilion Extension in Shanghai achieves a 35% reduction from baseline steel emissions HONG KONG SAR / SHANGHAI, CHINA – Media OutReach Newswire – 27 November 2024 – Spearheading the effort to decarbonize real estate across China, Hang Lung Properties Limited (SEHK stock code: 00101) (“the “Company” or “Hang Lung”) is using nearly 100% low […]
By Nitya Chakraborty The last round of the state assembly elections of the country in 2024 along with the by polls ended on November 20 with the results declared on November 23. The massive victory of the BJP led Mahayuti in Maharashtra polls has given a new confidence to the BJP in offsetting the losses […]
HONG KONG SAR – Media OutReach Newswire – 26 November 2024 – Coda Bridge, a pioneering Hong Kong-based blockchain platform provider known for its charity project that leverages blockchain technology to ensure accurate tracking of charitable donations, is pleased to announce its expansion into Singapore in collaboration with StraitsX. The upcoming collaboration aims to leverage blockchain technology and smart contract programming to issue Purpose Bound Money (PBM) […]
By Dr. Gyan Pathak Despite leading Mahayuti in Maharashtra to an impressive comeback to power, the BJP and its leadership had to undergo a difficult test of coalition morality within NDA to such an extent that it could not name its chief minister before the term of the Vidhan Sabha expired on November 26. Shiv […]Delta Dunia Group, via its indirect subsidiary BUMA International [1], will expand its presence in the Bowen Basin in Queensland, through a US$455 [2] million proposed acquisition of a 51% interest in the Dawson Complex, one of Australia’s largest metallurgical coal mines. The proposed acquisition further delivers on the Group’s multi-year strategic plan to diversify into a leading coal services provider and producer, leveraging its industry-leading capabilities. […]
