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- Dainik Bhaskar News Headlines; Gautam Adani Vs Hindenburg Report, Pakistan Shahbaz Sharif | IMF loan
17 minutes agoAuthor: Shubhendu Pratap Bhoomandal, News Brief Editor
good afternoon,
On January 24, Hindenburg issued a report regarding the Adani Group of Companies. Before the report came, the price of one share of Adani Enterprises was around Rs 3400. Its stock closed at Rs 1,531 on Friday. In the last 10 days, the share price of Adani Enterprises has fallen by 56%. During this, the shares of Adani Transmission have also fallen by 50%.
On the other hand, the Reserve Bank of India (RBI) has said that the banking sector is resilient and stable. Along with this, RBI is constantly monitoring the borrowers. We are monitoring the banking sector, although RBI did not name Adani Group. At the same time, a petition has been filed against Hindenburg Research in the Supreme Court.
Pakistan needs a loan of $ 1.2 billion from the International Monetary Fund (IMF). But the IMF has imposed strict conditions for giving loan installments. Pakistan’s Prime Minister Shahbaz Sharif expressed the government’s helplessness in front of his people. He said- The conditions set by the IMF are more strict and dangerous than we thought, but what to do? We don’t have any other option.
Today’s major events, which will be watched
- Home Minister Amit Shah will hold a Vijay Sankalp rally in Deoghar, Jharkhand.
- Minister of State for External Affairs V Muraleedharan will attend the 75th Independence Day celebrations of Sri Lanka.
5 big news, which will keep you updated…
1. Adani’s stock fell by 35%, then recovered by 50%, decreased after Hindenburg’s report
On January 24, the price of one share of Adani Enterprises was Rs.3442. Its stock closed at Rs 1,531 on Friday. US stock exchange Dow Jones has dropped Adani Enterprises from its sustainability index. After this the shares of the company fell by 35%. However, after this there was a recovery in the stock and it closed at Rs 1,531 with a decline of only 2.19%.
The stock has seen a recovery of 50% from the lower level. Lok Sabha and Rajya Sabha proceedings had to be adjourned for the second consecutive day on the issue of SBI and LIC investing money in Adani Group. Before the Hindenburg report came, Adani was at number four among the world’s rich. According to the Bloomberg Billionaires Index, Adani has currently reached number 22.
2. Supreme Court’s displeasure over the delay in the appointment of judges, said- do not force them to take tough decisions
The Supreme Court Collegium had recommended to the Central Government on December 13 for the appointment of 5 judges. But it was not approved. The court expressed displeasure over the delay and told the government that this is a very serious matter. Don’t force us to take such a stand that will cause trouble. In fact, the Advocates Association Bangalore had filed a contempt petition in this matter.
During the hearing on this petition, the court said these things. After this, Attorney General R Venkataramani told the Supreme Court on behalf of the Central Government that the recommendations of the appointment would be approved in the next 5 days. The sanction strength of the judges in the Supreme Court is 34 including the CJI. Presently work is going on with 27 judges. This number will increase to 32 after the five judges take oath.
Read full news…
3. Discussion of Captain Amarinder becoming Governor, Congress suspends wife Preneet Kaur
The Congress has suspended Patiala MP Preneet Kaur, wife of former Punjab CM Captain Amarinder Singh. Preneet is accused of indulging in anti-party activities. They have been given three days to present their side. This action has taken place amidst the discussion of Captain Amarinder becoming the Governor. Amarinder is part of the 83-member national executive of the BJP.
Punjab Pradesh Congress Committee (PPCC) President Amarinder Singh Raja Wading had sent a complaint to the party high command accusing Preneet Kaur of indulging in anti-party activities. On the basis of this complaint, Member Secretary of the Disciplinary Action Committee (DAC) of the Congress, Tariq Anwar, issued a letter regarding the suspension of Preneet Kaur.
Read full news…
4. Chinese balloon seen above US airbase, China said – it was a civil balloon, sorry for the mistake
The Air Force has a special base in the city of Montana, USA. Intercontinental missiles are operated from this base. Suspected Chinese spy balloon spotted at base. Pat Ryder, the press secretary of the US Defense Ministry Pentagon has given this information. The Pentagon claims it was sent for intelligence surveillance. American officials say that their military is not threatened by this balloon.
On this matter, China said that it is true that our balloon had gone over the American airbase. It was a civil use balloon. We regret this mistake. The special thing is that this balloon has been seen a day before US Secretary of State Antony Blinken’s visit to China. Blinken will visit China on 5 and 6 February.
Read full news…
5.Shahbaz said- IMF gave loan on harsh terms, but what to do, there is no option
Pakistan’s PM Shahbaz Sharif has said that the conditions set by the IMF are tougher and more dangerous than we thought, but what to do? We don’t have any other option. The IMF team reached Islamabad on 31 January and will remain there till 9 February. Before issuing loan installment, IMF wants electricity and fuel to be 60% costlier and tax collection to be doubled.
If these conditions are accepted then the inflation will almost double from now i.e. from 54 to 55%. Due to this the public will come out on the streets and Shahbaz’s chair is sure to go. Actually, Pakistan has only $ 3.1 billion in foreign exchange reserves left. Of this, $3 billion are guaranteed deposits, which means they cannot be spent. Foreign debt in September 2022 was $ 130.2 billion.
Read full news…
Today’s Cartoon By Mansoor Naqvi…
Some important news in the headline…
- Passenger reached Udaipur instead of Patna by mistake of Indigo: second glitch in a month, DGCA said – boarding pass was not scanned properly (Read full news)
- Nadda said in Tripura- 9 years ago India would have bowed down: said- under the leadership of Modi, it became a leapfrog country (Read full news)
- Supreme Court directs Maharashtra government – there should be no hate speech: Police should videograph the event of Sakal Hindu Samaj, stop inflammatory speech (Read full news)
- Kejriwal raised the question on the authority of the government: said- Even after the decision of the SC, the files are going to the LG (Read full news)
- Shock to US’s pro-Pakistan MP: Ilhan Omar out of Foreign Affairs Committee, spewed venom several times against India-Israel (Read full news)
News but aside…
People spreading lies for fun in Japan, troubled restaurant forced to take legal action
These days a social media trend has become quite famous due to which the image of this country has been tarnished. In fact, in this trend, people are mixing Japanese sea food cooked with sushi ie rice. This is being called Sushi Terrorism. The situation has become such that the restaurant owners are now taking legal action to stop it.
Most of the people who go to restaurants and spread dirt in food and other things are youth and children. The first video of fake and dirty food is from the city of Gifu, Japan. After its video went viral, many more such videos started appearing on social media. Gradually this trend went on increasing. Read the full news…
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