Adani firms lose $65 bn in value

l Adani Enterprises FPO garners 3% on Day-2 l IHC throws `3,200 crore lifeline

New Delhi (FIB): Most

Adani group shares extended their sharp falls on Monday as Indian conglomerate’s rebuttal of a US short-seller’s criticism failed to pacify investors, driving stock market losses for the companies to $66 billion over 3 days.

Adani, led by Asia’s richest man Gautam Adani, has locked horns with Hindenburg Research and on Sunday it had hit back at the US short-seller’s report.

REJECTS ADANI CHARGE, SAYS FRAUD CAN’T BE OBFUSCATED BY NATIONALISM

US short seller Hindenburg Research has dismissed charge that its report on Adani Group’s malfeasance was a “calculated attack” on India, saying a “fraud” cannot be obfuscated by nationalism or a bloated response that ignored key allegations.

KEY HIGHLIGHTS l LIC said it will talk to management of Adani Group within days after US short-seller Hindenburg Research accused the conglomerate of high debt levels, use of tax havens l IHC, the diversified Abu Dhabi-based conglomerate, said it would invest $400 mn into Adani firms

FROM 5-20 PERCENT revoked the special status of Jammu and Kashmir and abrogated Article 370 l After PM Modi, Rahul Gandhi became second leader to unfurl Tricolour at Lal Chowk. 75 yrs ago, India’s first PM Jawaharlal Nehru also unfurled India’s flag at Lal Chowk

Ashok Gehlot @ashokgehlot51

Due to getting infected with pneumonia on January 26, I am not able to attend any public event. I had a heartfelt desire to attend the concluding program of #BharatJodoYatra in Srinagar today but could not go there due to doctors’ advice. I congratulate Mr. Rahul Gandhi and all the Yatris for the successful organization of #BharatJodoYatra again. This visit is a new beginning in the politics of India which will lead to major changes in the country.

Union Ministers Rajnath Singh, Piyush Goyal, Pralhad Joshi and Arjun Ram Meghwal at all-party meeting in New Delhi on Monday.

First India Bureau New Delhi: The Budget session of Parliament begins on Tuesday with the maiden address of President Droupadi Murmu to the joint sitting of both Houses.

While the government’s priority will be to seek approval on the Motion of Thanks to the President’s Address and the Finance Bill, the Opposition is raring to corner it on a range of issues, including the Adani-Hindenburg row, a nationwide castebased economic census and the women’s reservation bill.

The Economic Survey will be tabled on Tuesday after the Presi-

MLC polls: With voting done, Satyajeet Tambe breaks silence

First India Bureau Mumbai: With the term of five Maharashtra Legislative Council members--two from graduates’ and three from teachers’ constituencies--expiring on February 07, voting for the five seats concluded on on Monday.

Suspended Congress leader Satyajeet Tambe, who contested as an independent from the Nashik graduates’ constituency, finally broke his silence on the political drama of the past few weeks amid rumours that he was set to join the BJP. “I am an independent candidate and will remain an independent,” he said. Votes will be counted on February 02.

ALL-PARTY MEET HELD IN PARL, CONG MISSES IT

Ahead of Budget Session, an all-party meeting was called by government on Monday. Deputy Leader of House Rajnath Singh, Parl Affairs min Pralhad Joshi, Leader of House Piyush Goyal, MoS Parl Affairs Arjun Ram Meghwal and V Muraleedharan were present in meet. However, Congress leaders were absent in the meeting.

dent’s address. Finance Minister Nirmala Sitharaman will present the last full-fledged Union Budget of the Modi govt before the 2024 Lok Sabha elections on Wednesday.

Waste of time: Rijiju on BBC docu ban cases

I am an independent candidate and will remain independent. Over the past 10-15 days, my family has been portrayed as villains by presenting only half-truths. I have been silent until now to refrain from adding unwarranted fuel to the fire. However, I must now say that the allegations against us are not from the party but only some people within the Congress.

—Satjayeet Tambe, Independent candidate

First India Bureau New Delhi: Union Law Minister Kiren Rijiju on Monday described as “waste of the Supreme Court’s precious time” petitions challenging the ban on a BBC documentary on Prime Minister Narendra Modi and 2002 Gujarat riots. SC hearing next week

The SC will hear pleas challenging the Centre’s decision to block a BBC documentary on the 2002 Gujarat riots on Monday next week.