#Adani Group Foundation

[mariacallous]

A staggering sell-off of the stocks of Indian conglomerate Adani Group was sparked last week by a report released by Hindenburg Research that raised questions about the group’s debt levels and use of tax havens. The Adani Group’s stocks declined more than 50 percent in the aftermath of the report’s publication, and those declines have had a massive effect on the wealth of the company’s namesake, Gautam Adani, who had previously been the world’s third-richest person and Asia’s richest overall. The Adani Group has denied the allegations, saying they have “no basis.” But the controversy has focused attention on the group’s central role in the Indian economy and its founder’s close relationship with Indian Prime Minister Narendra Modi.

What accounts for Adani’s rise in the first place? What is the basis for his close relationship with Modi? And what role does the Adani Group play in the Indian economy? Those are a few of the questions that came up in my recent conversation with FP economics columnist Adam Tooze on the podcast we co-host, Ones and Tooze. What follows is an excerpt, edited for length and clarity.

For the full conversation, look for Ones and Tooze wherever you get your podcasts.

Cameron Abadi: Adani has a pretty impressive rags-to-riches story. What were the key turning points on his path to great wealth?

Adam Tooze: It’s a fascinating story. He’s born in 1962, as India’s demographic boom is cresting. And not in a poor family by any means but to a small businessman, a small trading family. He initially embarked on an undistinguished career in school and then headed to commercial college but then dropped out. And in 1978, he entered the diamond trade, which is large in the province of Gujarat, and then sets himself up as a sort of export-import trader. And from the ‘90s onwards, he embarks on the infrastructure projects— management of ports, the construction of railway systems—which will make him famous, indeed legendary. So it’s the story not really of a kind of business genius who has some technological, gee-whiz idea that conquers the world. It isn’t a story of the magnificent technical excellence of Indian IT services, for instance. It’s a more classic story of the accumulation of capital by means of trade, trading on margins, basically, and then a shift into infrastructure.

And this is where the key element in the Adani story comes in, which is politics and the politics of connections and clientelism. And that’s really the decisive moment in his career where, you know, after the ghastly pogroms against the Muslim population of Gujarat in 2002, when Modi is under massive pressure, Adani solidarizes himself with Modi against, at the time, the prevailing mood of Indian business opinion. He in fact breaks ranks and forms his own industrial association, or business association, and on that basis really forms this lasting connection to Modi that is really the distinguishing feature of his business enterprise.

And that’s what has enabled this utterly explosive growth. I mean, this was a still moderately sized business in the ‘90s and the early 2000s, which has now become absolutely a globally scaled enterprise and the foundation for huge wealth for Adani and his family.

CA: What exactly links Adani and Modi’s [Bharatiya Janata Party] BJP party on an ideological level? Do they share a vision for what kind of country India should be? Or is this relationship an expression of a kind of material division of labor—Adani as the economic arm of the Indian state under the BJP in service of further economic development?

AT: I think the key phrase is nation-building—both words in that hyphenated term. So national projects aiming for truly comprehensive scale, which—when you’re dealing with a subcontinental state like India with a population that India has—is a gigantic undertaking.

So for the Adani Group to establish itself the way it has as the key power producer in the private sector, absolutely key player in port infrastructure on the national scale, and absolutely key player in airports—air mobility being key in a country the size of India—now moving into a new position in cement, this is creating a national economy out of the relatively decentralized provincial structures, which until a remarkably recent date dominated the Indian economy. And for the second element—the building part of nation-building—delivery is the absolutely key thing because if there’s one problem the Indian state machine has, it is the capacity to deliver. They have a chronic problem. There is no shortage of brilliant minds that can conceive of wonderful plans but actually implementing policy down to the village level and across the entirety of this vast country, that’s a huge challenge.

And I think it’s the combination of those two elements that really has forged the almost mythic relationship between Modi on the one hand and these two big business groups: [Indian businessman Mukesh] Ambani on the one hand and Adani on the other—both from Gujarat. And I think that’s another element that you could say was also a kind of ideological narrative, which is the talk of the Gujarat model. To put it crudely, you might say it was a sort of Indian Thatcherism or an Indian neoliberalism. It was a break, as in the case of [former British Prime Minister Margaret] Thatcher, driven from within the government machine, in this case in the province of Gujarat, against the rather top-down, state-directed model inherited from the Nehruvian period of early independence, the 1940s to 1950s, where India toyed with socialist, social-democratic planning models. And this is replaced in the ‘90s and the 2000s by this Gujarat model, which is a kind of open embrace of a productive powerhouse relationship between big business interests and government.

CA: Could you summarize the allegations against Adani from Hindenburg Research—and what does this episode reveals about the role played by short sellers like Hindenburg Research in the global capitalist economy?

AT: First, we can’t stress strongly enough, the Adani Group vigorously disputes the allegations. But the allegation is that through a network of essentially family-linked holding companies held to a considerable extent outside India, the Adani Group dramatically inflated the value of its stock. So around about 75 percent of Adani shares are held by other businesses, according to Hindenburg Group, which are in a sense simply postbox entities situated in offshore places like Mauritius, for instance, which drive up the stock value of the Adani Group. And the significance of that is not only that it brings paper gains for the holdings of the key members of the family, but much more importantly, what it enables them to do is to leverage those high stock values, to get bank loans and to get credit, which then turns into real purchasing power with which you can then launch large investment projects, buy out rivals, and actually reshape India’s political economy.

Now the Hindenburg group in pursuing this case is, in a sense, involved in playing a game in India that it has played elsewhere. They’re an interesting, very small research outfit that specializes in doing—I’m not sure I would call them regulators. It’s a little bit more like private investigator kind of work. They seize on a cause. They then decide that a company is massively overvalued. They do their homework. They then take short positions and through the force of their research attempt, as it were, to drive the value of the firm down, which generates large profits on their short positions.

The sophisticated Indian response, I think, is that there’s really an element of culture clash here. There aren’t many players in the Indian financial markets who imagine that the value of the Adani Group is determined in a conventionally free and fair way because people aren’t naive about the way in which India’s political economy operates. And so the sophisticated rationale for what’s going on in India is that Indian financial investors know that this is part of the Adani Group’s business plan. And with the backing that they enjoy in political circles, they are not just too big to fail but essentially identified with the Modi-ite project. So long as that is hegemonic in Indian politics, these businesses cannot fail. So there is in fact very little risk that you won’t get paid back. And to that extent, no harm, no foul.

But what actually is happening is that India’s economy is becoming progressively more and more distorted by this self-sustaining linkage between high market valuations, large credit, and deep political connections constituting a too-big-to-fail kind of juggernaut that can’t be stopped. And the negative consequence of that is not in terms of an investor protection case—if you’re on this train, you’re probably going to be fine. The real issue is what it does to the Indian economy and what it does, by implication, also to Indian society.

CA: What does Adani reveal about the role of the super wealthy in countries at India’s stage of development? Does Adani act as an engine of domestic development through reinvestments in the country or through philanthropy? Or is it instead that he takes his money out of the country and insulates himself from the Indian economy?

AT: What’s really interesting is that this is not, I think, as far as we’re able to assess anyway, a Russian-style model. I mean, this is an immensely wealthy family. They will have property in many parts of the world. But this is not a model like the Russian oligarch one, where you pump oil and gas in Russia, you sell it for dollars, and then you stash those dollars in a Swiss bank account. That is the kind of classic model of truly offshore oligarchic finance that is draining resources from a country. And as far as we’re able to assess, the Adani Group is using offshore money to sustain and double down on their positions in India. The purpose is to raise more credit so as to be able to do more investment in India. So this is not an instance, I think, of a group that is operating primarily in an extractive mode.

The Adanis have also become very heavily involved in philanthropy. For the occasion of Gautam’s 60th birthday, they launched one of the largest philanthropic initiatives that India has seen since the glory days of the Tata family. They pledged $7.7 billion in 2022—so very considerable amounts of money in the kind of league of [billionaire] Bill Gates at that stage.

CA: What does Adani’s career and his wealth tell us about the Indian economy in general? What kind of capitalist country is India exactly?

AT: If you go to Delhi and you speak to economists, that’s the question that preoccupies them. And the upside story, the one that the proponents of this system favor, is that it’s a South Korean-style, chaebol-type system where you have these very, very powerful conglomerate families like the Samsung Group. So that’s the most favorable vision, that these powerhouse private, public-private partnerships will be the drivers of an Indian industrial development or modernization like that of South Korea.

And on the darker end of the spectrum, the fear is that you could see the development of a crony capitalism that shifts ever more towards the more ominous sort of Russian development where you have quite fundamental erosion of the rule of law. The real worry, I think, is that you could see a much more fundamental degeneration of competition, of civil society control, and that is why many people regard the acquisitions by these big groups in the media space as being so worrying because one of the consequences of that is that freedom of speech is increasingly curtailed and even tenure in universities becomes problematic.

But setting all of these big sort of historical analogies aside, ultimately, the rationale and the acid test of this system will be what political scientists call output legitimacy. Can they get the job done? Are they actually going to be able to deliver on a raft of big infrastructural projects that India needs over the next decades—notably, for instance, in the renewable energy and the sustainable energy space? In the end, these corporate stories have to translate into the infrastructure that enables that more broadly based macroeconomic growth.

[adanistockmanipulation]

During this speech, he also gave his assurance that the Adani Group will stay committed to the progress and empowerment of divyang persons. Even with the ongoing controversies of Adani Stock Manipulation, the group has ensured that the lives of the people change for the better.

[adanicase]

Through the Adani Group’s Skill Development Programme, Paikrey was able to overcome financial adversity and bring about a complete change in his life. The Adani Group was also able to win back the trust of the people post the Adani SEBI controversies.

[bestcollege18]

PGDM Admission in Ahmedabad A Comprehensive Guide for 2025

Ahmedabad, the commercial and educational hub of Gujarat, is home to some of the best business schools in India, offering a range of Post Graduate Diploma in Management (PGDM) programs. These institutions are known for their strong academic curriculum, industry connections, and excellent placement records. If you're planning to pursue a PGDM course in Ahmedabad in 2025, this guide will provide you with all the essential information on admission procedures, top colleges, and key factors to consider.

Why Choose PGDM in Ahmedabad?

Ahmedabad is a prime location for PGDM aspirants due to several factors:

Proximity to major industries: The city hosts a wide range of industries, from textiles to IT, giving students access to internships, live projects, and job placements with leading companies.

Networking opportunities: Being home to several multinational companies and industries, Ahmedabad offers unmatched opportunities to network with industry professionals, entrepreneurs, and mentors.

Educational Excellence: Ahmedabad boasts top-tier business schools that offer innovative PGDM programs that cater to the dynamic needs of the business world.

Top PGDM Colleges in Ahmedabad

1. Indian Institute of Management Ahmedabad (IIMA)

IIMA is undoubtedly one of the most prestigious management institutions in India. Known for its flagship Post Graduate Programme in Management (PGPM), which is equivalent to a PGDM, IIMA offers a rigorous academic environment, unmatched faculty, and global exposure. It is renowned for producing industry leaders and entrepreneurs.

PGDM Specializations:

General Management

Marketing

Finance

Operations

Admission Process:

IIMA accepts CAT scores for admission.

Personal Interview and Written Ability Test (WAT) are part of the selection process.

Applicants must meet eligibility criteria related to academic qualifications and work experience.

2. MICA (Mudra Institute of Communications, Ahmedabad)

MICA is India's premier institute for management education with a focus on strategic marketing and communications. Known for its creative curriculum and unique focus on advertising and digital marketing, MICA is an excellent choice for those looking to specialize in these areas.

PGDM Specializations:

Strategic Marketing & Communications

Digital Marketing

Brand Management

Admission Process:

MICA uses its own entrance exam, MICAT (MICA Admission Test), along with CAT/XAT/GMAT scores.

The process includes a psychometric test, group exercise, and personal interview.

3. Nirma University Institute of Management (NUIM)

Nirma University offers one of the most sought-after PGDM programs in Ahmedabad. The program is designed to provide students with a strong foundation in business concepts, and the university boasts a high placement rate due to its industry connections and skilled faculty.

PGDM Specializations:

Marketing

Finance

Operations

Human Resources

Admission Process:

NUIM accepts CAT/XAT/GMAT scores for PGDM admission.

The selection process includes a group discussion, personal interview, and evaluation of academic performance.

4. ICFAI Business School (IBS) Ahmedabad

Part of the ICFAI University, IBS Ahmedabad is known for its rigorous academic curriculum, experienced faculty, and excellent infrastructure. It offers a comprehensive PGDM program that blends theoretical knowledge with practical experience.

PGDM Specializations:

Marketing

Finance

Human Resources

IT & Systems

Admission Process:

IBS conducts its own entrance exam, the IBSAT (IBS Aptitude Test), for admission.

CAT/XAT/GMAT scores are also considered.

5. Adani Institute of Infrastructure Management (AIIM)

AIIM, part of the Adani Group, offers a specialized PGDM program focused on infrastructure management. The institute provides a unique perspective on the infrastructure industry, making it ideal for students looking to pursue a career in this sector.

PGDM Specializations:

Infrastructure Management

Business Analytics

Admission Process:

AIIM accepts CAT/XAT/GMAT scores for admission.

The process includes a personal interview, group discussion, and case study analysis.

6. GLS Institute of Business Administration (GLS-IBA)

GLS-IBA is known for its commitment to providing high-quality management education. The PGDM programs at GLS are designed to equip students with both theoretical and practical knowledge of business and management.

PGDM Specializations:

Marketing

Finance

Business Analytics

Admission Process:

GLS-IBA accepts CAT/MAT/CMAT scores for PGDM admission.

The admission process includes personal interviews and group discussions.

Key Factors to Consider Before Applying

When choosing the right PGDM program in Ahmedabad, there are several factors you should consider:

Accreditation and Recognition: Ensure the institute is recognized by the All India Council for Technical Education (AICTE) and accredited by national bodies such as the NBA (National Board of Accreditation).

Faculty Quality: The quality of faculty is a crucial factor. Leading institutes like IIMA and MICA boast faculty with rich academic and industry experience, which can significantly impact the learning experience.

Specialization Offered: Choose a college that offers your desired specialization. Whether it’s marketing, finance, operations, or business analytics, ensure the program aligns with your career goals.

Placement Record: Research the college’s placement statistics. Top colleges like IIMA, MICA, and Nirma University often have excellent placement records, with top-tier companies recruiting their graduates.

Industry Connections and Internships: Colleges with strong industry ties can offer internships and live projects, which are essential for gaining practical experience.

Fee Structure: While top colleges often charge higher fees, they also offer excellent return on investment through high placement packages. Compare fees across institutions to ensure it fits within your budget.

Admission Timeline for PGDM Colleges in Ahmedabad (2025)

The admission process for PGDM programs typically starts in November-December 2024 with entrance exams like CAT, XAT, and GMAT. The final selection process, which includes group discussions and interviews, is usually conducted between January and April 2025. It is advisable to start your application process early to avoid last-minute rush.

Conclusion

Ahmedabad offers a wide range of options for PGDM aspirants, with top-tier colleges providing exceptional education, industry exposure, and placement opportunities. Whether you choose to pursue a general management program or specialize in areas such as marketing, finance, or infrastructure management, the city has something for every aspiring manager. With the right preparation and research, you can set the stage for a successful career in the world of business and management.

For more guidance on PGDM admission in Ahmedabad or to explore specific colleges, College18 is here to assist you with personalized support, ensuring you make the best decision for your future.

[politicalprism]

Who is George Soros, the Center of Political Debate in India?

On Monday, Parliamentary Affairs Minister Kiren Rijiju called on all political parties, including the Congress, to unite against external forces undermining India’s interests. His comments followed allegations by the Bharatiya Janata Party (BJP) that former Congress president Sonia Gandhi had ties to an organization funded by the George Soros Foundation, which reportedly supports Kashmir’s independence.

The BJP claimed that Sonia Gandhi’s role as co-president of the Forum of Democratic Leaders in Asia Pacific (FDL-AP) Foundation, which allegedly advocates for Kashmir's separation from India, signifies a collaboration aimed at undermining the nation’s growth. BJP officials also accused Rahul Gandhi of using Soros-funded groups to criticize the Indian government, especially in relation to economic issues surrounding the Adani Group.

Who is George Soros?

George Soros, born in 1930 in Budapest, Hungary, is a prominent investor, philanthropist, and political activist. Having survived the Nazi occupation during World War II, Soros emigrated to the United States in 1956. He is best known for founding Soros Fund Management and his extensive philanthropic work through the Open Society Foundations (OSF), which he established to promote democracy and human rights globally.

In 1970, Soros founded Soros Fund Management, one of the most successful hedge funds in history. He became famous for his bold currency speculations, most notably during the 1992 Black Wednesday crisis when he made a profit of $1 billion by short-selling the British pound, earning the nickname “the man who broke the Bank of England.”

Philanthropic Efforts

Soros is one of the world’s leading philanthropists, having donated over $32 billion through OSF since its inception in 1979. His philanthropic efforts have included scholarships for black South Africans during apartheid, supporting democratic movements in Eastern Europe, and funding social justice initiatives worldwide. His foundations have also supported educational programs, including the Central European University in Budapest, and advocated for drug policy reform and LGBTQ+ rights in the U.S.

Political Influence

Soros has been a key supporter of progressive political causes, particularly in the United States, where he has funded candidates like Barack Obama and Hillary Clinton. His financial contributions have made him a target of criticism, particularly from conservative circles, who accuse him of using his wealth to influence political outcomes.

In the U.S., Soros is often viewed as a major backer of liberal causes, but his political donations have also drawn sharp criticism from Republicans and supporters of Donald Trump, who claim that Soros’s funding of progressive organizations undermines U.S. politics.

Soros’ Legacy and His Son’s Role

In 2022, Soros transferred control of his $25 billion financial and charitable empire to his son, Alex Soros. Alex, 37, is now the chairman of the Open Society Foundations and manages his father's political action committee, which channels funds to progressive political campaigns. He is also the sole family representative on Soros Fund Management’s investment committee.

As George Soros steps back, his son Alex is continuing the family’s legacy of political activism and philanthropy, with a focus on maintaining the principles of open societies and social justice worldwide.

[news365timesindia]

[ad_1] Paromita Das GG News Bureau New Delhi, 11th Dec. The Indian National Congress, once synonymous with Bharat’s struggle for independence, finds itself mired in controversy again as allegations of foreign influence cast a shadow over its operations. The ruling Bharatiya Janata Party (BJP) has launched a scathing attack, alleging the Congress’s links to foreign powers and organizations that have a history of interfering in stable democracies and pushing agendas that challenge Bharat’s sovereignty. Central to this latest uproar is the association between the Congress party, its leaders, and the George Soros Foundation—a connection that has raised questions about foreign funding in Bharatiya politics and its implications for national security. On December 8, the BJP took to social media to accuse Sonia Gandhi, the former Congress President, of having ties to George Soros, a controversial Hungarian-American billionaire notorious for his alleged role in destabilizing democracies. The BJP’s allegations center on Gandhi’s role as co-president of the Forum of Democratic Leaders in Asia-Pacific (FDL-AP), an organization reportedly financed by Soros’s foundation. The BJP claims FDL-AP has historically supported the idea of Kashmir as an independent entity, a position that directly undermines Bharat’s territorial integrity. Adding fuel to the fire, the BJP also alleged that the Rajiv Gandhi Foundation (RGF), chaired by Sonia Gandhi, received funds from the George Soros Foundation. These claims were supported by images of Salil Shetty, Vice President of the Soros-funded Open Society Foundation, participating in Rahul Gandhi’s Bharat Jodo Yatra—a moment BJP argued reflected Congress’s closeness to Soros-linked entities. The ruling party also cited Shashi Tharoor’s public acknowledgment of Soros as an “old friend” as further evidence of deep-rooted connections. The controversy deepened with revelations about the Organised Crime and Corruption Reporting Project (OCCRP), an investigative body known for its exposés on corporate and political corruption. The BJP pointed to a live telecast of Rahul Gandhi’s press conference on the Adani Group by OCCRP, implying a coordinated effort to tarnish Bharatiya businesses and institutions. These claims gained momentum following a report by the French newspaper Mediapart, which revealed that OCCRP receives nearly half its funding from U.S. government agencies such as the Department of State and USAID. According to the investigative report, OCCRP’s structural dependence on U.S. institutions undermines its claims of being an independent organization. The allegations against Congress do not stop at Soros or U.S.-linked organizations. The BJP has also highlighted Congress’s connections with China, particularly during its tenure in the United Progressive Alliance (UPA) government. In 2008, Congress signed a Memorandum of Understanding (MoU) with the Communist Party of China (CPC), paving the way for high-level exchanges and consultations on regional and international issues. This agreement resurfaced as a contentious issue during the 2017 Doklam standoff, when Rahul Gandhi was photographed meeting Chinese officials at a time of heightened tensions between Bharat and China. Further revelations about the Rajiv Gandhi Foundation receiving over ₹1 crore from the Chinese government between 2006 and 2020 have only added to the suspicions surrounding Congress’s foreign connections. These allegations have ignited fierce debate across Bharat, with the BJP accusing Congress of compromising national interests for political and financial gains. According to the BJP, the Congress’s ties to foreign organizations reflect a dangerous trend of undermining Bharatiya sovereignty for ideological and monetary gains. On the other hand, Congress leaders have dismissed these allegations as baseless and politically motivated, claiming that the BJP is attempting to divert attention from pressing governance failures. At the heart of

this controversy lies a broader question about the role of foreign funding and influence in Bharatiya politics. While no political party is entirely free of external interactions, the claims against Congress raise legitimate concerns about the extent to which foreign entities, particularly those with questionable agendas, can sway domestic political narratives. George Soros, for instance, is a polarizing figure globally, with critics accusing him of destabilizing democracies under the guise of promoting liberal values. His foundation’s reported involvement in supporting narratives that challenge Bharat’s sovereignty, such as treating Kashmir as an independent entity, has sparked fears about foreign meddling in Bharat’s internal affairs. The Congress’s alleged links with China further complicate its position, especially at a time when Bharat-China relations remain fraught. The MoU with the Communist Party of China and financial contributions from Chinese entities to the Rajiv Gandhi Foundation suggest a level of engagement that raises red flags. Critics argue that such ties undermine Bharat’s strategic posture and compromise its ability to address Chinese aggression decisively. In conclusion, the allegations against Congress underscore the need for greater transparency and accountability in political funding and foreign associations. While the BJP’s accusations may serve its immediate political agenda, they also point to a larger issue of ensuring that Bharatiya political parties remain insulated from external influences that could jeopardize national interests. For Congress, this controversy represents yet another challenge to its credibility at a time when the party is striving to revive its political fortunes. Without addressing these allegations convincingly, the Congress risks alienating a public increasingly wary of foreign interference in Bharat’s democratic processes. In the end, safeguarding Bharat’s sovereignty must remain a non-negotiable priority for all political actors, regardless of ideological differences.   The post Congress Under Fire: Alleged Ties to George Soros and China Spark Fierce Debate appeared first on Global Governance News- Asia's First Bilingual News portal for Global News and Updates. [ad_2] Source link

[news365times]

[ad_1] Paromita Das GG News Bureau New Delhi, 11th Dec. The Indian National Congress, once synonymous with Bharat’s struggle for independence, finds itself mired in controversy again as allegations of foreign influence cast a shadow over its operations. The ruling Bharatiya Janata Party (BJP) has launched a scathing attack, alleging the Congress’s links to foreign powers and organizations that have a history of interfering in stable democracies and pushing agendas that challenge Bharat’s sovereignty. Central to this latest uproar is the association between the Congress party, its leaders, and the George Soros Foundation—a connection that has raised questions about foreign funding in Bharatiya politics and its implications for national security. On December 8, the BJP took to social media to accuse Sonia Gandhi, the former Congress President, of having ties to George Soros, a controversial Hungarian-American billionaire notorious for his alleged role in destabilizing democracies. The BJP’s allegations center on Gandhi’s role as co-president of the Forum of Democratic Leaders in Asia-Pacific (FDL-AP), an organization reportedly financed by Soros’s foundation. The BJP claims FDL-AP has historically supported the idea of Kashmir as an independent entity, a position that directly undermines Bharat’s territorial integrity. Adding fuel to the fire, the BJP also alleged that the Rajiv Gandhi Foundation (RGF), chaired by Sonia Gandhi, received funds from the George Soros Foundation. These claims were supported by images of Salil Shetty, Vice President of the Soros-funded Open Society Foundation, participating in Rahul Gandhi’s Bharat Jodo Yatra—a moment BJP argued reflected Congress’s closeness to Soros-linked entities. The ruling party also cited Shashi Tharoor’s public acknowledgment of Soros as an “old friend” as further evidence of deep-rooted connections. The controversy deepened with revelations about the Organised Crime and Corruption Reporting Project (OCCRP), an investigative body known for its exposés on corporate and political corruption. The BJP pointed to a live telecast of Rahul Gandhi’s press conference on the Adani Group by OCCRP, implying a coordinated effort to tarnish Bharatiya businesses and institutions. These claims gained momentum following a report by the French newspaper Mediapart, which revealed that OCCRP receives nearly half its funding from U.S. government agencies such as the Department of State and USAID. According to the investigative report, OCCRP’s structural dependence on U.S. institutions undermines its claims of being an independent organization. The allegations against Congress do not stop at Soros or U.S.-linked organizations. The BJP has also highlighted Congress’s connections with China, particularly during its tenure in the United Progressive Alliance (UPA) government. In 2008, Congress signed a Memorandum of Understanding (MoU) with the Communist Party of China (CPC), paving the way for high-level exchanges and consultations on regional and international issues. This agreement resurfaced as a contentious issue during the 2017 Doklam standoff, when Rahul Gandhi was photographed meeting Chinese officials at a time of heightened tensions between Bharat and China. Further revelations about the Rajiv Gandhi Foundation receiving over ₹1 crore from the Chinese government between 2006 and 2020 have only added to the suspicions surrounding Congress’s foreign connections. These allegations have ignited fierce debate across Bharat, with the BJP accusing Congress of compromising national interests for political and financial gains. According to the BJP, the Congress’s ties to foreign organizations reflect a dangerous trend of undermining Bharatiya sovereignty for ideological and monetary gains. On the other hand, Congress leaders have dismissed these allegations as baseless and politically motivated, claiming that the BJP is attempting to divert attention from pressing governance failures. At the heart of

this controversy lies a broader question about the role of foreign funding and influence in Bharatiya politics. While no political party is entirely free of external interactions, the claims against Congress raise legitimate concerns about the extent to which foreign entities, particularly those with questionable agendas, can sway domestic political narratives. George Soros, for instance, is a polarizing figure globally, with critics accusing him of destabilizing democracies under the guise of promoting liberal values. His foundation’s reported involvement in supporting narratives that challenge Bharat’s sovereignty, such as treating Kashmir as an independent entity, has sparked fears about foreign meddling in Bharat’s internal affairs. The Congress’s alleged links with China further complicate its position, especially at a time when Bharat-China relations remain fraught. The MoU with the Communist Party of China and financial contributions from Chinese entities to the Rajiv Gandhi Foundation suggest a level of engagement that raises red flags. Critics argue that such ties undermine Bharat’s strategic posture and compromise its ability to address Chinese aggression decisively. In conclusion, the allegations against Congress underscore the need for greater transparency and accountability in political funding and foreign associations. While the BJP’s accusations may serve its immediate political agenda, they also point to a larger issue of ensuring that Bharatiya political parties remain insulated from external influences that could jeopardize national interests. For Congress, this controversy represents yet another challenge to its credibility at a time when the party is striving to revive its political fortunes. Without addressing these allegations convincingly, the Congress risks alienating a public increasingly wary of foreign interference in Bharat’s democratic processes. In the end, safeguarding Bharat’s sovereignty must remain a non-negotiable priority for all political actors, regardless of ideological differences.   The post Congress Under Fire: Alleged Ties to George Soros and China Spark Fierce Debate appeared first on Global Governance News- Asia's First Bilingual News portal for Global News and Updates. [ad_2] Source link

[financia012]

Resilience in the Face of Adversity: Gautam Adani’s Take on US Indictments

Introduction Gautam Adani, one of the world’s leading business magnates, has often found himself at the center of controversies. Recently, his enterprise faced scrutiny with allegations stemming from the United States. Demonstrating steadfast resilience, Adani assured his stakeholders that such challenges only serve to strengthen the group’s foundations and determination to excel. A Strong…

[investorocean0007]

जानिए क्या है सचाई Adani Case की - Adani Bribery & Fraud Allegations | Adani Companies to Fall More?

The Adani Group, one of India’s largest conglomerates, has become synonymous with rapid growth and diversification. Founded in 1988 by Gautam Adani, the group has established a formidable presence in infrastructure, energy, logistics, and more. While admired for its entrepreneurial spirit and contributions to India's economic development, the Adani Group has also been at the center of controversies, including allegations of monopolistic practices, environmental concerns, and financial irregularities. This case study examines the group’s meteoric rise, its business model, challenges, and its future outlook.

Origins and Expansion Gautam Adani started as a commodities trader and laid the foundation for the Adani Group in Ahmedabad. Over the years, the company diversified into critical sectors, aligning its growth with India's economic priorities:

Ports and Logistics:

Adani Ports and Special Economic Zone (APSEZ) is India’s largest port operator, managing major ports like Mundra, India's largest commercial port.

The group's integrated logistics solutions, including rail and road networks, strengthened its position in global trade.

Energy and Power:

Adani Power became India's largest private thermal power producer.

The group has heavily invested in renewable energy, with Adani Green Energy becoming one of the world’s largest solar energy companies.

Agriculture and Food Processing:

With ventures in agri-infrastructure, edible oils, and food processing, the group contributes to India's agrarian economy.

New Ventures:

The group has entered airports, data centers, and defense manufacturing, showcasing its ambition to dominate multiple industries.

Business Model and Strategy The Adani Group’s growth has been characterized by:

Infrastructure-Driven Expansion: Strategic investments in infrastructure aligned with government priorities, such as ports, airports, and renewable energy projects.

Leveraging Debt: The group has consistently relied on significant debt to finance its expansion, raising questions about financial sustainability.

Vertical Integration: Ownership across the value chain, such as coal mining, transportation, and power generation, enhances efficiency and profitability.

Public-Private Partnerships: Collaboration with government projects, such as the Udan initiative for regional air connectivity, has boosted its portfolio.

Achievements

Global Leadership in Renewables: Adani Green Energy has positioned India as a leader in clean energy by undertaking massive solar and wind projects.

Economic Impact: The group's investments have created jobs, supported local communities, and contributed to India's GDP.

International Footprint: Acquisitions like Australia's Carmichael coal mines and collaborations in Sri Lanka and Israel have made the group a global player.

Controversies and Criticism

Environmental Concerns:

The Carmichael coal project in Australia faced global backlash for its environmental impact and proximity to the Great Barrier Reef.

Allegations of Favoritism:

Critics allege that the Adani Group has benefited disproportionately from its close ties with the Indian government, especially under the Narendra Modi administration.

Debt and Financial Transparency:

As of recent years, the group's debt levels have raised concerns among investors, with allegations of opaque financial practices.

Hindenburg Report:

In January 2023, Hindenburg Research accused the Adani Group of stock manipulation and accounting fraud. While the group denied these allegations, its market valuation saw a sharp decline, affecting investor confidence.

Response to Challenges

Legal Actions: The group has taken steps to address allegations, including independent audits and legal challenges.

Debt Reduction Plans: Adani announced plans to prioritize deleveraging its balance sheet and focus on cash-flow-positive projects.

Commitment to Sustainability: Increasing investments in renewable energy aim to counter criticisms of its fossil fuel ventures.

Future Prospects The Adani Group’s focus on renewable energy, digital infrastructure, and global expansion aligns with global trends. Its ambitious projects, such as hydrogen production and smart cities, reflect its vision for long-term sustainability and innovation.

However, the group must address concerns about governance, financial transparency, and environmental stewardship to maintain investor confidence and public trust.

Conclusion The Adani Group embodies the duality of modern corporate giants: remarkable growth and innovation tempered by controversies and challenges. Its journey offers valuable lessons in ambition, risk-taking, and the importance of sustainable practices in achieving global leadership.

4o

[acerenewtech1]

Overview of the Top Solar Companies in India Listed in Stock Market

Ace Renewtech offers premium solar service including initial consultation, planning and installation, monitoring, and maintenance. Take your baby step towards energy conservation with us. Here’s an overview of some prominent solar energy companies in India that are listed on the stock market:

1. Adani Green Energy Ltd

A leader in renewable energy, focusing on large-scale solar and wind projects.

Known for its extensive solar farms and aggressive expansion plans.

Current Market Cap: ₹277,523 crore

Stock Price (as of recent): ₹1,752​

2. Tata Power Renewable Energy Ltd

Part of the Tata Group, it has a diverse portfolio of solar, wind, and hybrid projects.

Known for its strong financial foundation and managerial expertise.

Current Market Cap: ₹138,838 crore

Stock Price: ₹434​5

3. Waaree Energies

A vertically integrated solar company specializing in solar PV panels and power projects.

Key player in the solar supply chain with a focus on innovation.

Market Cap: ₹17,052 crore​

4. Borosil Renewables

A key manufacturer of low-iron solar glass, essential for solar panels.

Focuses on sustainability and technological innovation.

Stock Price: ₹495​5

5. Sterling and Wilson Renewable Energy

A prominent EPC (Engineering, Procurement, Construction) provider for renewable energy projects, especially solar power plants.

Market Cap: ₹15,801 crore​

6. Gensol Engineering

Provides EPC services and consultancy for solar projects.

Stock Price: ₹838

Market Cap: ₹3,175 crore​

7. Urja Global

Focused on off-grid and grid-connected solar projects.

Recognized as an approved partner by the Ministry of New and Renewable Energy (MNRE).

Stock Price Range: ₹1.60 - ₹5.95​

8. Suzlon Energy

Primarily a wind energy company, but expanding into solar energy.

Competitive pricing and a focus on green energy solutions.

Market Cap: ₹106,642 crore​

These companies represent the growing momentum in India's solar energy sector, bolstered by government policies promoting renewable energy and the country's commitment to achieving ambitious solar power targets. If you're considering investing, it's essential to evaluate financial performance, technological leadership, and long-term growth potential.

[panchshilrealestate]

3 BHK Flats in Maninagar, Ahmedabad - Panchshil Punit, Panchshil Sundaram

3 BHK Flats For Sale in Maninagar- Panchshil Group

Yashvi Construction started building lasting structures in 1999. From the beginning, the company focused on quality, believing that high quality would naturally lead to growth. They felt that chasing quantity alone might bring short-term success but would not provide a strong foundation for long-term growth. Over the years, this approach paid off. Today, Yashvi Construction has a portfolio that stands out, even among modern buildings, and has earned a solid reputation for quality and commitment.

CALL NOW: +91 77-7804-4455

WHATSAPP: +91 77-7804-4455

Eligible Region: Ahmedabad

Category: Real Estate / Redevelopment

Price: Ask For Price

RERA ID : PR/GJ/AHMEDABAD/AHMEDABAD CITY/AUDA/RAA09412/031221

Buying a house is one of the most important decisions in life, and it involves a significant amount of money. This is why making the right choice can be difficult. Many buyers feel confused, especially when deciding between different sizes of flats, such as 1 BHK, 2 BHK, 3 BHK, and 4 BHK.

Often, people struggle to choose between a 2 BHK flat and a 3 BHK flat. This confusion can lead to making the wrong decision. If you find yourself unsure about whether to choose a 2 BHK or 3 BHK flat in Maninagar, Ahmedabad, read on. This guide will help you make the right choice and reduce your confusion.

Residents Of Apartment Have Access To A Variety Of Amenities.

 Hydraulic Car Parking

 CCTV Camera

 Drop-off Zone

 Children's Play Area

 Fire Safety

 Two High Speed Lift

 Indoor Games

 Sit Out Area

 Well Design Entrance

 Open Gym

 Yoga Dack

 Common Solar Panel

 Adani Gas Connection

 24x7 Water Supply

 Letter Box

Why Opt for 3 BHK Flats in Maninagar, Ahmedabad?

Choosing a 3 BHK flat in Maninagar, Ahmedabad, is a smart decision for several reasons:

Think About the Future

When buying a flat, it’s important to think about the future. Your home is a long-term asset, so consider that your family might grow. A 3 BHK flat ensures you have enough space for everyone as your family expands.

Ample Space

With a 3 BHK flat, space will never be an issue. You’ll have plenty of room to accommodate your family’s needs over time. This means you won’t have to worry about feeling cramped or needing more space as your needs change.

Competitive Pricing

3 BHK flats in maninagar often come at competitive prices, offering great value for the space and amenities provided. This makes them a cost-effective choice for families looking for more room without breaking the bank.

Panchshil Group – Trusted Real Estate Builder in Ahmedabad

If you’re looking for 3 BHK flats in Maninagar, Ahmedabad, Panchshil Group is a reliable option. Known for their quality and commitment, Panchshil Group offers flats with modern amenities and facilities at competitive prices.

Each flat from Panchshil Group is built with premium materials to ensure buyer satisfaction. The designs focus on abundant sunlight, good airflow, and spacious layouts, promoting a healthy living environment.

Don’t wait any longer. Contact Panchshil Group to find your dream 3 BHK flat in Maninagar, Ahmedabad, today!

For More Information

Opp. Goodluck Society, Daxini Society, Maninagar, Ahmedabad

7926601344, 9879243144

https://www.panchshilgroup.com/3bhk-flats-in-maninagar.php

[atomxmedia]

LogicLadder Secures $2.5 Million To Empower Businesses On Decarbonization

Cleantech SaaS Platform Receives Funding

LogicLadder, a leading cleantech Software-as-a-Service (SaaS) platform, has raised $2.5 million through a funding round. This investment, co-led by Singapore-based private equity company Big Bang Capital and Rainmatter, the investment arm of prominent Indian brokerage Zerodha, will support LogicLadder’s ambition to help businesses accomplish their decarbonization objectives.

Sustainability Cloud: A Holistic Approach

LogicLadder, founded in 2011 by Atindra Chandel and Mayank Pratap Chauhan, provides a comprehensive suite of software solutions that enable businesses to successfully gather, analyze, and exploit environmental and energy data. The company’s primary product, Sustainability Cloud, provides as a central platform for organizations to reduce their environmental footprint while increasing operational efficiency.

Funding Fuels Growth and Innovation

LogicLadder plans to strategically utilize the newly acquired capital to propel its growth trajectory across two key regions: South Asia and North America. This expansion will enable the company to serve a wider clientele and establish a stronger global presence. Additionally, a portion of the funding will be allocated towards bolstering LogicLadder’s tech stack and expanding its product portfolio.

“A significant portion of the fresh funding will be dedicated to developing innovative new product features and augmenting our existing capabilities,” said LogicLadder co-founder and CEO Chauhan in a recent interview with the Economic Times. “This strategic investment ensures that our solutions remain at the forefront of environmental compliance, constantly adapting to the evolving regulatory landscape.”

Investor Confidence in LogicLadder’s Vision

The successful funding round underscores the confidence that prominent investors hold in LogicLadder’s vision and capabilities. Commenting on the development, Dinesh Pai, Head of Investments at Rainmatter, remarked, “Measuring and tracking climate data is a complex and multifaceted undertaking. Most organizations rely on reliable third-party software services to guide them through this journey. LogicLadder stands out as a key provider of sustainability solutions that empower enterprises to make informed decisions regarding their environmental impact.”

LogicLadder: A Partner for Sustainability Leaders

LogicLadder boasts an impressive roster of marquee investors, including the ONGC Foundation, Aditya Birla Group, JioGenNext, and Shell. The company’s proven track record has demonstrably translated into a loyal customer base exceeding 900 businesses. LogicLadder’s clientele encompasses industry giants such as Reliance, Adani Power, and Coca-Cola, highlighting the platform’s ability to cater to the needs of diverse organizations.

Cleantech on the Rise: A Thriving Investment Landscape

LogicLadder’s funding success reflects the burgeoning interest in the cleantech sector from a growing pool of investors. Heightened environmental awareness has fueled a surge in demand for innovative solutions that address climate challenges. This trend is evident in recent funding rounds secured by other Indian cleantech startups. For example, Varaha, a climate tech business, raised $8.7 million in a Series A fundraising round headed by RTP Global in early 2024. Similarly, EcoRatings received $1 million in pre-seed fundraising from a group of investors earlier this year. In April 2024, Accacia, a real estate-focused cleantech firm, completed its pre-Series A investment round, raising $6.5 million headed by Illuminate Financial.

Read more: Marketing News, Advertising News, PR and Finance News, Digital News

[adanicase]

By increasing its philanthropic investments, the Adani Group plans to bring about massive developments in various strata of society. It also aims to attend to the needs of the people belonging to underprivileged communities and put an end to the controversies of the Adani Scam which have been ongoing for quite a while now.

[startupcircle]

The Richest People in India: Icons of Wealth and Influence

India's economic landscape is diverse and vibrant, fueled by its vast population and entrepreneurial spirit. The richest people in India are not just symbols of immense wealth but also of innovation, resilience, and strategic brilliance. This blog explores the lives, achievements, and contributions of these titans of industry, whose influence extends far beyond their bank accounts.

Mukesh Ambani: The Telecom and Petrochemicals Titan

Mukesh Ambani, the chairman and largest shareholder of Reliance Industries, is synonymous with wealth and success in India. Reliance, under his leadership, has diversified into various sectors, including petrochemicals, refining, oil, and telecommunications. The launch of Reliance Jio in 2016 was a game-changer, providing affordable high-speed internet to millions of Indians and disrupting the telecom market.

Ambani's ability to foresee market trends and his willingness to invest heavily in new ventures have cemented his position as the richest person in India. His impact on the Indian economy is profound, with Reliance Industries contributing significantly to the country's GDP.

Gautam Adani: The Infrastructure Mogul

Gautam Adani, the founder and chairman of the Adani Group, is another prominent figure among the richest people in India. The Adani Group's interests span ports, energy, mining, and infrastructure, making it one of the largest conglomerates in the country. Adani's rise to wealth is a testament to his strategic vision and relentless pursuit of growth.

Adani Ports & SEZ Limited is India's largest private port operator, while Adani Green Energy is one of the leading renewable energy companies in the country. Adani's investments in infrastructure and energy have played a crucial role in India's development, particularly in enhancing the country's logistical capabilities and promoting sustainable energy.

Shiv Nadar: The IT Pioneer

Shiv Nadar, the founder of HCL Technologies, is a pioneer in India's IT industry. His journey from establishing a hardware company to leading a global IT services giant is inspirational. HCL Technologies, under Nadar's leadership, has become a major player in the global technology landscape, offering a wide range of services from IT consulting to infrastructure management.

Nadar's contributions extend beyond business. He is also a noted philanthropist, with a significant focus on education through the Shiv Nadar Foundation. His commitment to social causes and education underscores his belief in the power of knowledge and innovation to transform lives.

Cyrus Poonawalla: The Vaccine Visionary

Cyrus Poonawalla, the chairman of the Poonawalla Group, which includes the Serum Institute of India, is a key figure in global healthcare. The Serum Institute is the world's largest vaccine manufacturer by volume, producing life-saving vaccines for diseases such as polio, measles, and COVID-19. Poonawalla's strategic foresight in scaling vaccine production has had a profound impact on global health, particularly in developing countries.

His contributions to healthcare have earned him a place among the richest people in India, and his work continues to save millions of lives worldwide. The success of the Serum Institute highlights the critical role of the pharmaceutical industry in addressing public health challenges.

Radhakishan Damani: The Retail King

Radhakishan Damani, the founder of DMart, has revolutionized the retail sector in India. Known for his frugal approach and focus on customer satisfaction, Damani has built DMart into one of the most successful and profitable retail chains in the country. His business model emphasizes cost efficiency and high-volume sales, which have driven DMart's growth.

Damani's journey from a stock market investor to a retail magnate is a story of strategic thinking and business acumen. His ability to understand consumer behavior and his commitment to offering value have made DMart a household name in India.

Lakshmi Mittal: The Steel Sultan

Lakshmi Mittal, the chairman and CEO of ArcelorMittal, the world's largest steelmaker, is a major figure in the global steel industry. Mittal's rise from modest beginnings in India to leading a global steel empire is a tale of vision, resilience, and strategic acumen. His ability to acquire and turn around troubled steel plants has been a key factor in ArcelorMittal's success.

Mittal's influence extends beyond his business achievements. He is also involved in various philanthropic activities, particularly in education and healthcare. His story is a powerful example of how determination and strategic thinking can create global impact.

Savitri Jindal: The Industrial Powerhouse

Savitri Jindal, the matriarch of the Jindal Group, oversees one of India’s largest conglomerates with interests in steel, power, and infrastructure. As the wealthiest woman among the richest people in India, Jindal’s leadership has been instrumental in the group's expansion and success. Her journey exemplifies the impactful role of women in India’s industrial growth.

The Jindal Group's commitment to innovation and sustainable practices has positioned it as a leader in the industrial sector. Savitri Jindal's ability to maintain and grow the business after the passing of her husband, Om Prakash Jindal, showcases her resilience and business acumen.

Kumar Mangalam Birla: The Diversification Dynamo

Kumar Mangalam Birla, chairman of the Aditya Birla Group, leads a diversified portfolio that includes metals, cement, textiles, and telecom. Birla’s strategic acquisitions and emphasis on innovation have been key to the conglomerate’s success. His leadership style and business acumen firmly place him among the richest people in India.

Birla's approach to business focuses on long-term sustainability and value creation. His commitment to innovation and strategic growth has enabled the Aditya Birla Group to thrive in competitive markets both in India and globally.

Uday Kotak: The Banking Baron

Uday Kotak, the founder and CEO of Kotak Mahindra Bank, has revolutionized the banking sector in India. Starting with a small finance company, Kotak’s visionary approach has transformed it into one of the leading banks in the country. His innovative financial solutions and customer-first approach have earned him a significant place among the richest people in India.

Kotak Mahindra Bank's success is built on a foundation of prudent management and strategic expansion. Uday Kotak's ability to anticipate market needs and his commitment to ethical banking practices have made him a respected figure in the financial industry.

Dilip Shanghvi: The Pharma Leader

Dilip Shanghvi, the founder of Sun Pharmaceuticals, has made a significant impact on the global pharmaceutical industry. Sun Pharmaceuticals is one of the largest generic drug manufacturers worldwide, thanks to Shanghvi’s strategic vision and focus on research and development. His contributions to healthcare and his substantial wealth secure his position among the richest people in India.

Shanghvi's approach to business emphasizes innovation, quality, and accessibility. Sun Pharmaceuticals' growth under his leadership has been driven by a commitment to providing affordable medicines to people around the world, reinforcing the importance of the pharmaceutical industry in global health.

Conclusion

The richest people in India are a diverse group of individuals whose wealth is matched by their influence and contributions to the economy. From transforming industries to pioneering new technologies, these business leaders have played a crucial role in shaping India's growth story. Their journeys are marked by innovation, strategic thinking, and a relentless pursuit of excellence.

As India continues to evolve, the contributions of these wealthy individuals will remain integral to the country's success. Their stories serve as inspiration for aspiring entrepreneurs and business leaders, demonstrating that with vision, resilience, and strategic acumen, remarkable success is possible.

[krishnadudhat]

Top 10 richest person in india of 2024

Get more information, please click the link - https://shurtitalks.com/top-10-richest-person-in-india-of-2024/

As India’s economy experiences exponential growth, one might frequently wonder about the implications. A record number of Indians, totaling 200, have made it to Forbes' 2024 World's Billionaires list.

To probably no one's surprise, Mukesh Ambani tops the list, followed by eminent personalities such as Gautam Adani and Shiv Nadar. In this post, we bring you a list of the top 10 richest people in India courtesy of Forbes' Real-Time Billionaires rankings, which keep an eye out for billionaires globally. And this information provided corresponds to data collected on March 8, 2024.

1. Mukesh ambani

Mr. Mukesh Ambani, the Managing Director and Chairman of Reliance Industries, stands as India's wealthiest individual. According to Forbes, Reliance Industries reports a revenue of over Rs 9.03 lakh crore ($109.4 billion). The conglomerate is engaged in diverse sectors including petrochemicals, oil and gas, retail, telecom, and more. Ambani's three children, Akash, Anant, and Isha, actively participate in managing various divisions of the conglomerate.

Check for more information about Reliance Industries

2. Gautam Adani

Gautam Shantilal Adani, an Indian billionaire industrialist, is renowned as the founder and chairman of the Adani Group, a multinational conglomerate involved in port operations and development within India. The Adani Foundation, established by Gautam Adani in 1996, has his wife, Priti Adani, serving as its chairperson. The group's business interests encompass various sectors, including ports, airports, power generation, and transmission, as well as green energy. Adani is recognized as India's largest airport operator and also controls Gujarat's Mundra Port, the country's largest.

Check for more information about Adani Group

3. Shiv Nadar

Shiv Nadar, the owner of the HCL group, boasts an esteemed clientele including Cisco, Microsoft, and Boeing. Recognizing his significant contributions to the IT industry, the Indian government honored Mr. Nadar with the Padma Bhushan, India's esteemed third-highest civilian award, in 2008. Mr. Nadar is highly regarded as a philanthropist, having donated Rs 2,042 crore in late 2023.

Check for more information about Founder of HCL Enterprise

4. Savitri Jindal & family

Savitri Jindal, an Indian politician and entrepreneur, holds the esteemed position of emeritus chair at the O.P. Jindal Group, with her four sons, Prithviraj, Sajjan, Ratan, and Naveen Jindal, managing the various divisions of the business. Additionally, JSW Sports, the sports division of the JSW Group, operates within this conglomerate that spans India, the USA, South America, Europe, and Africa. Its objective is to actively contribute to the development of a vibrant sports ecosystem in India. Savitri Jindal stands as the wealthiest woman in India.

Check for more information about Jindal Steel Power

5. Dilip Shanghvi

Dilip Shanghvi stands as a prominent Indian business tycoon, heralded as the visionary behind Sun Pharmaceutical Industries, which became the first Indian pharmaceutical company to achieve a $5 billion valuation. He steered Sun's growth trajectory through a string of acquisitions, notably the landmark 2014 acquisition of the scandal-marred rival Ranbaxy Laboratories for $4 billion.

Check for more information about Sun Pharmaceuticals

6. Cyrus Poonawalla

Cyrus Poonawalla, a prominent figure in vaccine development in India, is the primary beneficiary of the expanding sales and earnings resulting from his ownership of the privately held Serum Institute of India. And assisting him in its management is his son, Adar. The institute, headquartered in Pune, holds the prestigious title of being the world's largest vaccine manufacturer. The recent increase in Cyrus Poonawalla’s wealth can largely be attributed to the widespread utilization of the Covid-19 vaccines developed by the SII.

Check for more information about Serum Institute of India

7. Kushal Pal Singh

Kushal Pal Singh, a property baron, serves as the chairman emeritus of DLF, which stands as India's biggest listed real estate firm by market cap. Singh, an army veteran, commenced his journey with DLF, a company initiated by his father-in-law, in 1961. He held the position of chairman for over five decades.

Check for more information about DLF Limited

8. Kumar Birla

Renowned as a leading figure in the commodities sector, Kumar Birla assumes leadership of the Aditya Birla Group. In addition to its involvement in aluminum and cement sectors, the conglomerate also offers financial services. Birla previously held the position of non-executive chairman of Vodafone Idea, a telecommunications company, but resigned in 2021 amidst mounting debts. As of 2024, the company has appointed Birla as a non-executive director.

In a recent development, Birla's children, Ananya and Aryaman, have joined the boards of his flagship companies. Birla anticipates their infusion of fresh ideas, passion, and energy into the business.

Check for more information about Hindalco Industries

9. Radhakishan Shivkishan Damani

Radhakishan Shivkishan Damani, an Indian entrepreneur and distinguished investor, is celebrated as the architect behind Avenue Supermarts Limited, overseeing the operations of over 300 DMart stores across India. Moreover, he exerts authority over his investment endeavors through Bright Star Investments Limited, his corporate vehicle.

Check for more information about Avenue Supermarts Limited

10. Lakshmi Mittal

Lakshmi Mittal, the present Chairman and CEO of ArcelorMittal, holds the esteemed position as the leading global steel manufacturer. In 2019, ArcelorMittal, in partnership with Nippon Steel, successfully completed the acquisition of Essar Steel for $5.9 billion. Prior to this, Essar Steel was under the ownership of Shashi and Ravi Ruia. In 2021, Mittal transitioned the CEO role to his son, Aditya Mittal, while retaining his position as the executive chairman of ArcelorMittal. The recent invasion of Ukraine by Russia prompted ArcelorMittal to halt production at its Kryvyi Rih facility in Ukraine.

Check for more information about ArcelorMittal

https://shurtitalks.com/

[news365timesindia]

[ad_1] Paromita Das GG News Bureau New Delhi, 6th December- The debate surrounding the Adani Group, the BJP government, and the Opposition in Bharat has taken on a new dimension with recent revelations about the Organized Crime and Corruption Reporting Project (OCCRP). These developments have not only added a layer of intrigue to the political landscape but have also exposed international machinations aimed at influencing Bharat’s domestic affairs. At the heart of the controversy lies an alleged nexus between billionaire George Soros, US-backed entities, and the OCCRP, whose reports have been weaponized by Congress leader Rahul Gandhi to attack the Modi government. The Mediapart Exposé: OCCRP’s US Ties Unveiled A recent investigative piece by the French media outlet Mediapart has brought fresh insight into the OCCRP’s funding and operations. Contrary to its self-proclaimed image as an independent watchdog, Mediapart revealed that the OCCRP is heavily reliant on funding from US government entities, including the Department of State and the US Agency for International Development (USAID). This revelation has reignited concerns about the organization’s impartiality, as nearly half of its $62 million funding since its inception in 2007 has come from US institutions. The report highlighted structural dependencies between OCCRP and the US government, pointing to instances where Washington retains veto power over key personnel appointments within the organization. The US Bureau of International Narcotics and Law Enforcement Affairs played a critical role in the OCCRP’s formation, further cementing its ties to the American deep state. This financial and structural connection is significant because it reveals the extent to which OCCRP’s focus aligns with US foreign policy objectives. While the organization has been vocal about corruption in adversarial states like Russia, Venezuela, and now Bharat, it has largely avoided scrutinizing the United States or its allies. The Adani Group, a cornerstone of Bharat’s economic and green energy ambitions, appears to be OCCRP’s latest target, raising questions about the motivations behind its reporting. Soros, OCCRP, and Bharat: A Coordinated Campaign? George Soros, a polarizing figure in global geopolitics, has long championed the cause of “open societies” through his Open Society Foundations (OSF). However, Soros’s interventions in sovereign nations have often been criticized as attempts to destabilize governments that do not align with his ideological leanings. In Bharat, Soros has openly criticized Prime Minister Narendra Modi, linking the Adani Group controversy to Modi’s leadership. His foundation’s financial support for OCCRP further fuels the perception that the attacks on Adani are part of a coordinated campaign against the Modi government. The BJP has framed Soros as the mastermind behind an international effort to undermine Bharat’s economic and political stability, labeling the attacks as a form of neo-colonial interference. The Adani Group has been a vital player in Bharat’s infrastructure and renewable energy sectors, representing the nation’s aspirations for global economic leadership. Allegations of stock manipulation and governance lapses, first brought forth by Hindenburg Research and later amplified by OCCRP, have cast a shadow on the group’s operations. However, these claims have been dismissed by the Supreme Court of India as lacking credible evidence, further bolstering the BJP’s argument that these are politically motivated attacks orchestrated by foreign entities. Rahul Gandhi and the Weaponization of Foreign Narratives For Rahul Gandhi and the Congress party, the reports from OCCRP and Hindenburg Research have been a cornerstone of their criticism against the Modi government. Gandhi has repeatedly invoked these allegations to highlight what he calls a nexus between the BJP and corporate interests, particularly the Adani Group. However, the BJP has countered these claims by accusing Gandhi of colluding with international actors to destabilize Bharat.

In Parliament and public forums, BJP leaders have referred to Mediapart’s findings to strengthen their allegations against Gandhi. BIG BREAKING: In Parliament BJP raises expose on OCCRP linking the "ace investigative" platform to alleged "dubious" "anti-India" funding sources including George Soros. BJP RS MP Sudhanshu Trivedi targets elements in opposition asks, "is it a coincidence that the work done by… pic.twitter.com/QSeTkoZ3iu — Rahul Shivshankar (@RShivshankar) December 5, 2024   Sambit Patra, a prominent BJP spokesperson, described a “dangerous triangle” involving Soros, US-backed entities, and OCCRP, accusing them of working in tandem with Congress to incite unrest. The BJP has also linked Gandhi’s past criticisms of initiatives like Covaxin and the Pegasus spyware to reports by OCCRP, framing them as part of a broader anti-Bharat agenda. A Broader Conspiracy Against Bharat? The revelations about OCCRP’s US funding and Soros’s involvement come at a time when the BJP is increasingly vocal about international conspiracies aimed at weakening Bharat. Prime Minister Narendra Modi recently accused Congress of being complicit in these efforts, describing them as attempts to undermine Bharat’s democracy and social fabric. Bharat is not the first nation to face such allegations against OCCRP and USAID. The agencies have been linked to regime change operations in countries like Bangladesh, Venezuela, and Nicaragua, where they allegedly used NGOs and media networks to influence internal politics. The pattern of focusing on nationalist governments and key economic players raises concerns about a coordinated effort to erode trust in Bharat’s leadership and its economic trajectory. Sovereignty Under Siege The revelations surrounding OCCRP’s funding and operations are a wake-up call for Bharat and other nations that value their sovereignty. While investigative journalism plays a crucial role in exposing corruption, the selective focus and timing of these reports raise legitimate questions about their motivations. When foreign-funded organizations like OCCRP target prominent players in Bharat’s economic ecosystem, it is essential to scrutinize not just their findings but also their backers and their agendas. George Soros’s involvement, both directly and through his foundation, adds a layer of complexity to this issue. His outspoken criticism of Modi and his financial support for entities like OCCRP paint a picture of ideological interference under the guise of promoting transparency and democracy. At the same time, Bharat’s government and corporate sector must prioritize transparency and accountability to counter these narratives. The Adani Group, as a symbol of Bharat’s economic ambitions, must address allegations head-on, ensuring that its operations remain beyond reproach. By doing so, Bharat can demonstrate that its growth story is driven by merit and resilience, not by crony capitalism. Conclusion: A Defining Battle for Bharat’s Future The controversy surrounding George Soros, OCCRP, and the Adani Group represents more than just a political tussle; it is a battle for Bharat’s sovereignty and its place on the global stage. For the BJP, this is an opportunity to rally nationalist sentiment and expose what it sees as a deep state conspiracy against Bharat. For the Congress, however, the reliance on foreign reports and narratives may prove to be a double-edged sword, alienating voters who view these as attacks on the nation’s pride. Ultimately, this episode underscores the importance of robust democratic institutions, independent journalism, and transparent governance in safeguarding Bharat’s future. As the world watches, Bharat must navigate this complex interplay of domestic politics and global influence with wisdom and integrity, ensuring that its rise remains unstoppable.   The post Global Meddling Exposed: The Shadowy Nexus of Soros, OCCRP, and US Deep State appeared first on Global Governance News- Asia's First Bilingual News portal for Global News and Updates.

[ad_2] Source link