Month: February 2023

Jasprit Bumrah ruled out of IPL as injury woes continue, out of action for next six months

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Jasprit Bumrah, the fiery pace bowler, has been struggling to shake off his persistent injury woes. He has been ruled out of the IPL for failing to fully recover from his back injury and is unlikely to make a comeback in the next six months, according to a BCCI source.

It’s a devastating setback for the Mumbai Indians, who have relied on the Indian speedster to spearhead their bowling attack for many seasons.

It’s yet to be ascertained if the seasoned pacer, who also missed the T20 World Cup in Australia last year, will need to undergo a back surgery.

Also read: Formula 1: Tottenham Hotspur stadium to build London’s longest indoor track in tie-up with F1

“Bumrah has been ruled out of the IPL as he will take another six months to come back. Even then, he might or might not make a comeback. The 50-over World Cup is the target, but that is also not guaranteed,” the BCCI source said.

Bumrah’s unique slinging action puts a lot of pressure on his back during loading, and it seems that his body has taken a hit due to the stress. Former West Indies pace bowling great Michael Holding had assessed that Bumrah was always a candidate for back injuries.

The IPL is starting on March 31.

As a result of this development, Bumrah is now poised to miss the World Test Championship final (assuming India qualifies), scheduled to begin on June 7 at The Oval.

Also read: Indian Cricket Fandom Report 2023: 2 in 3 cricket fans prefer watching sports live on TV

The ODI World Cup is scheduled in October-November in India.

The 29-year-old Bumrah has played only five Tests, five ODIs and as many T20Is in 2022, apart from IPL games for Mumbai Indians.

Last year, Bumrah was ruled out of the Asia Cup due to the back injury. He was rushed back into the squad for the T20I series against Australia at home before the T20 World Cup, and he has not played cricket since then.

With inputs from PTI

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

India coal ministry auctions 6 coal mines with 488 MT reserve

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The Ministry of Coal on Tuesday successfully auctioned six coal mines spread across four states under the commercial auction process. The auctioned coal mines have a cumulative coal reserve of 488 million tonnes (MT), which is expected to provide a significant boost to the country’s coal production.

The auction process saw participation from some of the leading players in the mining industry. The six mines that were auctioned are located in the states of Chhattisgarh, Jharkhand, Maharashtra  and Madhya Pradesh.

According to the Ministry of Coal, the cumulative Peak Rated Capacity (PRC) of these six coal mines is 9.4 million tonnes per annum (MTPA), excluding the partially explored Binja coal mine. This means that once these mines are operationalised, they will have the capacity to produce 9.4 million tonnes of coal every year.

Also read: Coal ministry auctions 10 coal mines with 1866 MT coal reserve

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

MSMEs seek support for claims at post-Budget webinar — details here

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Micro, Small & Medium Enterprises (MSMEs) have sought deals from the government in the Vivad Se Vishwas Scheme as well as put forth their demands and suggestions for other aspects related to the industry, at the post-Budget webinar inaugurated by Prime Minister Narendra Modi on Tuesday.

Pointing to the Vivad Se Vishwas scheme for relief to MSMEs, in case of failure to execute contracts during the COVID-19 period, the secretary general at the Federation of Indian Micro and Small & Medium Enterprises (FISME) Anil Bhardwaj highlighted that the Government e-Marketplace (GeM) portal should provide support for registering and lodging claims.

The Department for Promotion of Industry and Internal Trade (DPIIT) received suggestions on funding issues in MSMEs, dashboards to monitor the progress of approval/registration, multiple audits under GST, Income Tax and Companies Act, rationalisation of interest rate across financial sector for MSMEs, import and export-related issues, trademark issues and payment of fines; single window to check all the applicable compliances and compliance scores like CIBIL.

During the webinar, PM Modi emphasised on the need to enhance ease of living by using technology with human touch, reiterating that benefits of digital revolution should reach all sections of the society.

The webinar, co-led by Ministry of Electronics and Information Technology (MeiTY) and the DPIIT, also witnessed participation of industry leaders Akash Ambani, the Chairman of Reliance Jio Infocomm, Debjani Ghosh, the NASSCOM president, Pawan Goenka, the chairman of IN-SPACe; apart from several policy makers.

Also Read: Covid-hit MSMEs getting back on track with outstanding credit rising and loan delinquency falling

As part of the webinar, four parallel breakout sessions on different themes were organised — ease of living using technology for access (led by MEITY); ease of accessing justice (led by DoJ); ease of doing business using technology, especially for small businesses (led by DPIIT); and ease of living using 5G use-cases and labs (led by DoT).

Amit Pandey, vice-president of Indian Venture and Alternate Capital Association (IVCA), highlighted the need of having a common business identifier (CBI) due to variety of identification numbers issued by different government agencies such as PAN, TIN, GSTIN, etc. He also sought a robust feedback mechanism along with streamlining of registration and compliance processes.

Piruze Khambatta, the chairman of CII National Committee on Affirmative Action and group chairman of Rasna Private Limited, urged for the need of simplification of KYC by constituting C-KYC by leveraging on blockchain technology; interlinking of C-KYC with entity digi-locker; adoption of similar KYC process by all departments and an appellate mechanism for faster resolution of cases involving penalties due to KYC-related non-compliance.

Viswanathan Ravichandran, the executive director of technology at Ernst & Young (EY), discussed the need for a Unified Filing Process to increase transparency in compliance requirements and facilitate the same through a single window. Dr Jaijit Bhattacharya, founder and president at the Centre for Digital Economy Policy Research, highlighted the reforms to drive the next phase of ease of doing business in India by undertaking cost-benefit analysis of all regulations, trade remedies via anti-dumping duties (ADD), small overseas direct investments via ODI route as well as setting up of centralised compliances portal (eBiz) with APIs for business software to use.

Also Read: PM Modi champions green growth in post-Budget webinar

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Mumbai: Water supply to be affected in these areas on March 2, 3

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Water supply will be affected in several parts of Mumbai on March 2 and 3 due to repair work in some localities of S and N Wards, the Brihanmumbai Municipal Corporation (BMC) said on Monday.

The civic body said that it will undertake the work of connecting 1200 mm and 900 mm diameter water channel at Quarry Road in Bhandup (West) in Mumbai on March 2, 2023. Due to the said repair work, water supply will remain interrupted in some areas on March 2, from midnight to 12 pm till Friday March 3, a Mid-day report said.

The areas where water supply will be affected: 

N Ward

Lal Bahadur Shastri Marg Vikhroli (West), Vikhroli Park Site and Lower Depot, Vikhroli Station Marg, Pada Pumping Station Other Sections – Lower Depot Pada, Municipal Building Zone. Upper Depot Pada, Sagar Nagar: Regular water supply time in these areas is 1.30 pm to 6 pm.

Also Read: IMD says deficient rainfall recorded across India in February

Veer Savarkar Marg: Regular water supply time is 12.30 pm to 1.30 pm and water supply will be completely affected in the area.

Lal Bahadur Shastri Marg, Damodar Park, Ghatkopar (West), Wadhwa, Kalpataru, Sainath Nagar Marg, Sanghani Estate, Udyan Galli: Regular water supply time is 6.00 pm to 11.00 pm and water supply will be completely affected in these areas.

In S Ward

Water supply in these areas will be completely affected: Areas adjacent to Pratap Nagar Road, Kamble Compound, Muthu Compound, Sant Rohidas Nagar, Raja Colony, Shinde Maidan, Sonapur, Jamil Nagar, Kokan Nagar, Samarth Nagar,  Shastri Nagar, Lake Marg, CEAT Tyre Marg, Village Marg, Nardas Nagar, Shivaji Nagar, Tembhipada, Subhash Nagar, Jungle Mangal Marg, Bhandup (West), Janta Bazar (Market), Ishwar Nagar, Tank Marg, Rajdeep Nagar, Ambewadi, Gadevi Marg, Farid Nagar, Maharashtra Nagar, Amar Kaur Vidyalaya Campus, Kaju Hill, Jain Mandir Galli, Sarvodaya Nagar, Bhattipada, Usha Nagar, Kauri Marg Nearby Areas , Kombadi Galli, Buddha Nagar, Ekta Police Chowki Adjacent Area, , Kasar Compound, Lal Bahadur Shastri Road Area Utkarsh Nagar, Phugewala Compound.

Sai Vihar, Sai Hill, Ramabai Ambedkar Nagar 1 & 2: Regular water supply time in these areas is 4.00 pm to 11.00 pm and water supply will be completely affected in these areas.

Old Hanuman Nagar, New Hanuman Nagar, Hanuman Hill, Ashok Hill Phule Nagar: Regular water supply time in these areas is 3:45 am to 10.45 am and the water supply will be completely affected in these areas.

Area from Mangatram Petrol Pump near Lal Bahadur Shastri Marga to Gulati Petrol Pump Vikhroli, Kanjur Marg (West) Railway Station Adjacent Area, Islampura Masjid, Vikhroli Station ( West) Adjacent Area, Lal Bahadur Shastri Adjacent Industrial Estate, Naval Colony, Dockyard Colony, Suryanagar, Chandan Nagar, Suncity, Gandhi Nagar Ambewadi, DGQA Colony, Godrej Residential Colony, Santoshi Mata Nagar (Tagore Nagar No. 5 – Vikhroli East): Regular water supply time is these areas is 12 pm to 11 pm and water supply will be completely affected in these areas.

Also Read: Summer is here: Health ministry issues heat wave advisory to stay safe

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Adani arm Mundra Aluminium named preferred bidder for Odisha bauxite block

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Adani Enterprises Ltd, the flagship company of the Adani Group, on Tuesday, February 28, said its arm Mundra Aluminium Ltd has been declared as the preferred bidder for the Kutrumali bauxite block by the Odisha government.

Also, a letter of intent dated February 27, 2023, has been issued to Mundra Aluminium Ltd by the Odisha government in respect of the following mineral block in Odisha.

Also Read: India is the place to be for many German companies, says SAP CEO

Mundra Aluminium Ltd is a wholly-owned subsidiary of Adani Enterprises Ltd, incorporated with the objective of carrying out the business of mining, refining, smelting, development, production and operations of bauxite, alumina and aluminium.

The Kutrumali bauxite block has geological reserves of 128 million tonnes (MT). The said block lies in the Kalahandi and Rayagada districts of Odisha.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

European parliament set to ban TikTok from staff phones

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The European Parliament has decided to ban Chinese short video-sharing app TikTok from staff phones for security reasons, an EU official said on Tuesday, the latest EU institution to do so.

The ban will also apply to private devices with Parliament email and other network access installed on them, the official said.

The European Commission and the EU Council last week banned TikTok from staff phones, underlining growing concerns about the company owned by Chinese firm ByteDance and its users’ data

On Monday, it was reported that Canada was set to ban TikTok from all government-issued devices starting Tuesday, according to reports. This move was made by the country’s chief information officer in order to safeguard government information, following an internal review that revealed TikTok’s data collection methods may leave users vulnerable to cyber attacks..

Earlier this month, TikTok, the ByteDance-owned social media app has closed down all its offices in India almost three years after being banned. The company has fired entire staff in India and as many as 40 people were given pink slips on Monday.

Also Read: The future of India’s creator economy lies in tier 2 and 3 cities: Tiki CEO

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

How green is India’s job market in age of sustainability?

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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As India embraces a greener future, jobs in the sector are blossoming. There has been an 81 percent annual increase in demand for green jobs in India in January 2023 compared to the corresponding period a year ago.

As per data by foundit (formerly Monster APAC & ME), metropolitan cities have been seeing the most demand for green jobs in India. Also, green sector investments have proliferated compared to conventional fuel-based projects, creating substantial jobs.

“India’s solar and wind energy sectors are adding thousands of workers to new projects and will continue to create steady employment opportunities. However, the enormous demand for green roles is quickly outpacing the availability of skilled talent required in these fields. Hence, consistent and intelligent upskilling and development is crucial to create an efficient green workforce in the coming months.” said Sekhar Garisa, CEO, foundit.

On a monthly basis, there was a 64 percent growth in green job postings. Industries such as industrial products, heavy machinery, and waste management had the maximum hiring demand.

This marks an all-time high for green job postings on the foundit platform with both private and public sector companies integrating ESG practices as a central part of their business operations and transition to clean energy practices, said the report.

Metropolitan cities see a rise

According to foundit’s data, there has been a substantial increase in green job postings across metro cities. Delhi/NCR registered a year-on-year (YoY) growth of 289 percent, followed by Mumbai at 216 percent and Bengaluru at 174 percent.

This increase can be attributed to urban India’s increasing focus on developing a green economy, which has boosted demand for qualified workers across a variety of industries, including corporate services, software, education, and construction. Those with knowledge of sustainability and corporate social responsibility are particularly in high demand.

Furthermore, rapid urbanisation has necessitated the need for specialised roles in addressing air quality, waste management, land degradation, and clean transport segments, among others.

What kind of roles are on a rise?

Since businesses in the manufacturing and construction industries consciously work to account for the environmental impact of their activities, sustainability managers (26 percent) are among the job roles that are in the highest demand. Safety specialists (15 percent), ESG analysts (17 percent), environmental consultants (11 percent), and design engineers (9 percent), among others, are also needed. 

These new jobs are a result of increasing numbers of Indian firms enlisting a trained workforce in climate action to support technical advancements and organised funding schemes to finally attain net-zero emissions.

Also read: Green Push: Here’s how India can make its energy transition through trade policies

Auto, waste management top job creators

The waste management and environmental service sectors saw a startling 1,765 percent increase in hiring activity in January 2023. This increase can be linked to Indian businesses’ rising awareness of the need to protect natural resources and ensure efficient garbage disposal. The urgent problem of India’s growing urbanisation has also received increased attention, which has significantly increased the number of solid waste management projects.

There has been a 307 percent rise in demand for green jobs in the automotive sector. Automakers are heavily investing in electric vehicles (EVs) to reduce their environmental impact in addition to taking proactive measures to limit transportation emissions, such as designing sustainably, better utilising manufacturing resources, and sourcing ethically and responsibly. The EV market is also one of the fastest-growing in the nation as it prepares to reduce automobile emissions.

Further, the central government has also allocated Rs 10,222 crore to the Ministry of New and Renewable Energy as part of the Union Budget 2023.

Budget 2023 allocated Rs 6,900 crore to the ministry, up from Rs 5,753 crore last year.

Climate action and sustainability have been a key topic of discussion as well as implementation, especially in the last year, not just in the country but on various global platforms as well such as the G20, World Economic Forum, etc.

Also read: National Green Hydrogen Mission set to create 6 lakh jobs — but what kind of jobs?

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Pakistan court issues non-bailable arrest warrant against Imran Khan in Toshakhana case

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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A Pakistani court on Tuesday issued a non-bailable arrest warrant against former prime minister Imran Khan in the Toshakhana case. However, he was granted bail in three other cases. Meanwhile, thousands of his supporters gathered outside the court premises to show their support for their leader amid high drama.

Khan, the leader of Pakistan Tehreek-e-Insaf, travelled from his Zaman Park residence in Lahore to Islamabad and made his first appearance in the federal capital since being shot at a public rally in November of last year.

The four cases include prohibited funding at a banking court located at the judicial complex here, a terrorism case at the anti-terrorism court in the same complex.

Also read: Pakistan economic crisis | One million informal workers expected to lose jobs as textile exports decline

The third was related to the Toshakhana, which was scheduled at the sessions court in F-8 Kachehri, situated half-an-hour drive from the judicial complex.

The fourth case was an attempted to murder case at the same sessions court.

Additional sessions judge Zafar Iqbal issued a non-bailable arrest warrant against the 70-year-old former prime minister in the Toshakhana case.

The court issued a non-bailable arrest warrant against Khan and adjourned the hearing till March 7 for his repeated failure to appear before the court.

His indictment, in this case, was earlier postponed twice due to his failure to appear in court.

Khan has been in the crosshairs for buying gifts, including an expensive Graff wristwatch he had received as the premier at a discounted price from the state depository called Toshakhana and selling them for profit.

The former cricketer-turned-politician was, however, granted bail in all the other three cases, even as thousands of his supporters thronged the judicial complex here in his support, prompting security officials to beef up security.

The Federal Investigation Agency (FIA) in October last year filed a case in an Islamabad-based banking court against Khan and other PTI leaders over allegedly receiving prohibited funding.

The Election Commission of Pakistan (ECP) last year found the party guilty of concealing that it had received the money and also disqualified Khan.

The prohibited funding case was filed by estranged PTI founding member Akbar S Babar in the ECP in 2014.

Also read: Explained | Pakistan halts salaries of ministers even as Uzbekistan comes to its rescue after China and Iran

Khan has not attended any hearings since November last year when he was injured in an assassination attempt at his rally in the Wazirabad area of Punjab province.

He has since received extensions on his bail due to medical reasons.

Khan was ousted from power in April after losing a no-confidence vote in his leadership, which he alleged was part of a US-led conspiracy targeting him because of his independent foreign policy decisions on Russia, China, and Afghanistan.

The PTI chief, who came to power in 2018, is the only Pakistani Prime Minister to be ousted in a no-confidence vote in Parliament.

Since his ouster, Khan has been clamouring for immediate elections to oust what he termed was an ”imported government” led by prime minister Shehbaz Sharif.

Sharif has maintained that elections will be held later this year once the parliament completes its five-year tenure.

With inputs from PTI

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

If India doesn’t succeed at climate change the world won’t succeed, says Denmark’s minister

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The world is facing a climate emergency, and every nation has a crucial role to play in the fight against it. Lars Agaard, the Minister for Climate, Energy and Utilities of Denmark, recently spoke to CNBC-TV18 and stressed the importance of India’s success in tackling climate change.

“The reality is that when it comes to climate change, if India doesn’t succeed, the world doesn’t succeed,” Lars Agaard said, emphasising the vital role that India plays in global climate action. He went on to say that the world needs to see a green future, and India has the potential to be at the forefront of this transformation.

Denmark has been working closely with India in promoting sustainable development and clean energy. Lars Agaard mentioned that many Memorandums of Understanding (MoUs) have been signed between Indian and Danish companies.

“India is among one of the countries in the world where Danish companies are investing the most and creating jobs. So I only see a bright future in that respect,” he said.

India is one of the countries where Danish companies are investing the most, and Lars Agaard sees huge opportunities in India for Danish businesses.

Also Read | Climate Finance: Multilateral Development Banks need to be more risk embracing, says Netherlands FM

One of the significant areas of focus in the clean energy sector is green hydrogen, and there is a massive demand for it worldwide. Lars Agaard stated that India is planning to do a lot in the green hydrogen segment. Together with India, Denmark can bring down the cost of green hydrogen, making it more accessible and affordable.

The partnership between India and Denmark is crucial for achieving the goal of a greener future. The success of clean energy initiatives in India is essential not just for India but for the entire world. If India can lead the way, other countries can follow, and we can collectively combat climate change.

For more details, watch the accompanying video

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

2 banks in UP under radar over ‘account on rent’ scam, meat trader under focus

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Two banks in Uttar Pradesh have come under the radar of the central investigation agencies in connection with the alleged “bank account on rent” case.

More than 450 such accounts were said to have been detected in Bandhan Bank and HDFC Bank (outpost area Vibhav Nagar) located in Fatehabad Road in Agra.

The account would be in the name of a working class person but it was operated by a businessman in furtherance of an organised criminal conspiracy, where lakhs of rupees were traded and transacted.

These transactions were not known to the actual account holder because they were working class people and their bank account passbook, ATM card, netbanking, and all the documents related to the bank account were with that businessman, who would in return, give a few thousand rupees every month to the labourer for “renting his bank account”.

The Income Tax department had conducted a search on these branches in November and also shared its report with the CBI and ED.

A case was registered by the Agra police in the Tajganj police station in February 2023 and some bank officials have been arrested.

As per information received following search operations, suspicious transactions were found in about 450 bank accounts opened in Bandhan Bank and HDFC Bank located on Fatehabad Road.

According to reports, the matter is apparently related to HMA Group, India’s second largest meat exporter. HMA’s owner Haji Zulfikar Bhutto is a former BSP MLA from Agra Cantonment and was an influential businessman during Mayawati’s regime in UP since2007. Despite losing subsequent elections, he continued to wield power.

Also read: Bandhan Bank net profit falls 66% in third quarter missing Street estimates

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow