Adani Group loses $107 billion after a week of stock carnage

The Adani Group faced another disastrous day on the market as the shares of its listed companies continued their downward spiral for the sixth consecutive session following the conglomerate’s decision to call off its fully subscribed Rs 20,000 crore followon-public offer (FPO) late on Wednesday.

In past six trading days, the total market capitalisation (m-cap) of nine Adani group companies has been eroded by $ 107 billion (Rs 8.65 lakh crore) or 45 per cent.

A California radiologist’s wife allegedly told paramedics that her husband intentionally drove their Tesla over an infamous California cliff with his family inside intending to kill them.

The market cap of nine Adani stocks has reduced from Rs 19.2 lakh crore before the short-seller’s attack, to

Rs 10.5 lakh crore at the end of the trading session on February 2, 2023.

Adani Total Gas, the top loser among the pack, saw Rs 2.39 lakh crore of market cap erosion during the period, while Adani Enterprises (Rs 1.86 lakh crore), Adani Green Energy (Rs 1.39 lakh crore) and Adani Transmission’s (Rs 1.33 lakh

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South Asian wife whose husband drove Tesla off the cliff told paramedics, ‘He intentionally tried to kill us’ with three counts of attempted murder in connection with the Jan. 2 crash that injured his 41-year-old wife Neha Patel and their children, a 7-year-old girl and a 4-year-old boy.

Dharmesh Patel, 42, was charged Monday

Neha Patel allegedly told paramedics after they

US, India partnership targets arms and AI to compete with China

The White House is launching a partnership with India on Tuesday that President Joe Biden hopes will help the countries compete against China on military equipment, semiconductors and artificial intelligence.

Washington wants to deploy more Western mobile phone networks in the subcontinent to counter China’s Huawei Technologies, to welcome more Indian computer chip specialists to the United States and to encourage companies from both countries to collaborate on military equipment such as artillery systems. The White House faces an uphill battle on each front, including U.S. restrictions on military technology transfer and visas for immigrant workers, along with India’s longstanding dependence on Moscow for military hardware.

Biden’s national security adviser, Jake Sullivan, and his Indian

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“She made that statement when asked, ‘What happened? What happened?’” Wagstaffe

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IMF projects India’s growth at 6.1% in 2023; global inflation to fall in 2023, 2024

Global growth is projected to fall from an estimated 3.4 percent in 2022 to 2.9 percent in 2023, then rise to 3.1 percent in 2024. The forecast for 2023 is 0.2 percentage point higher than predicted in the October 2022 World Economic Outlook (WEO) but below the historical (2000–19) average of 3.8 percent. The rise in central bank rates to fight inflation and Russia’s war in Ukraine continue to weigh on economic activity. The rapid spread of COVID-19 in China dampened growth in 2022, but the recent reopening has paved the way for a faster-thanexpected recovery. Global inflation is expected to fall from 8.8 percent in 2022 to 6.6 percent in 2023 and 4.3 percent in 2024, still above pre-pandemic (2017–19) levels of about 3.5 percent.

Racim alleged at local soccer match

There’s a growing call to address racism in sports after a team of 15 and 16-year-old soccer players from Surrey left a game in tears.

The club’s president, coach, and parents tell Daily Hive it was because the opposing team made racist comments toward some of the players, and those comments came from players and adults on the sidelines.

The game was being played between the Greater Vancouver United Sports Club (GVUSC), based in Surrey, and the Coquitlam Metro-Ford Soccer Club (CMFSC) on October 18, 2022.

GVUSC President Nischal Ram was there that day and says offensive language was used on the field against his players, and that some of the teens had been called the N-word and terrorists. Ram alleges the players were also threatened and told to “go back to Surrey” during the game. He says the players who were targeted are predominantly South Asian and include three Muslim boys.

Ram added this is not the first time the team has faced discrimination

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Seeds

The

Federal Conservative leader critical about drug crisis in BC

Federal Conservative Leader Pierre Poilievre did not mince his words Wednesday when asked about the ongoing drug crisis in B.C. and how the federal and provincial governments are handling the issue.

“The results are in. The debate is over,” Poilievre said.

“It has been a disaster. An absolute abject failure.

“You need to not only take a walk down the streets of East Vancouver where addicts lay face-first on the pavement, where people are living permanently in tents and encampments but you just need to look at the data.”

He said there has been a 300 per cent increase in drug overdose deaths in the province since Justin Trudeau was elected prime minister in 2015.

According to the B.C. Coroners Service, there were 529 deaths from illicit drugs in

2015. That number rose to 2,272 in 2022.

“The Trudeau-NDP approach is on open display in Vancouver. It is a complete disaster — it is hell on earth,” Poilievre said.

British Columbia’s pilot project to decriminalize possession of small quantities of some drugs started on a three-year experiment Tuesday, built on a three-year federal exemption from the Controlled Drugs and Substances Act.

That exemption will allow drug users to carry up to 2.5 grams of opioids like heroin or fentanyl, crack and powdered cocaine, or methamphetamines and MDMA. Under the program, police will not confiscate small quantities of drugs from people, and will instead hand out information on recovery options.

Poilievre said if elected, his government would reverse the decriminalization policy and replace it with recovery and treatment.