Tag: Worth

Woman drug peddler held, heroin worth Rs 5 lakh seized

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New Delhi: Delhi Police have arrested an active woman drug peddler in North Delhi and recovered 44 grams of heroin worth Rs 5 lakh in international market from her possession, said an official on Saturday.
The accused identified as Kiran (40), a resident of Aruna Nagar, Manju Ka Tila is also found previously involved in conspiracy of a gang rape case registered in Civil Lines police station.
Police said that she used to bully locals and no one dared to give information about her to police.
“We had launched a special drive against the active drug peddlers especially in the area of Majnu Ka Tilla, to break the chain of drug supply. A team was working relentlessly and developing information about drug peddlers when some inputs about Kiran, engaged in drug peddling, was received,” said Sagar Singh Kalsi, Deputy Commissioner of Police (north).
“But despite best efforts, she could not be nailed down, due to extra precautions taken by her. The team relentlessly kept looking for the right opportunity to nab her. Local people were afraid of giving any information about her misdeeds because she belongs to the Sansi community and used to bully and threaten the locals for passing information about her misdeeds,” said the DCP.
However, on February 3 at 04:00 p.m., Kiran while carrying 44 grams heroin in one black colour polythene bag was nabbed.
During interrogation, Kiran disclosed that she used to purchase the contraband drugs from a person known as Achhu who meets her in the area of Bhajanpura, Delhi on a regular basis.
“She takes the stock of contraband drugs i.e heroin/smack after paying Rs 5,000 per pack of five grams. She used to make small packets and then she sold the same to the drug addicts of the local areas for Rs 300 to earn easy money,” said the official.

Police raids were conducted at the possible whereabouts of the main supplier of contraband drugs, but he was found absconding.
“Efforts are being made to nab him and to ascertain the role of others in this racket,” the official added.
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#Woman #drug #peddler #held #heroin #worth #lakh #seized
( With inputs from www.siasat.com )

February 4, 2023

Adani falls off world’s top 20 billionaire list as net worth dips further

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Gautam Adani whose net worth is continuously falling after the release of the Hindenburg report now lost the spot in the world’s top 20 billionaire list.

Today, he lost over Rs 1680 crore as stocks of his group’s companies continue to lose market capitalization.

Most of the group’s stocks are locked in their respective lower circuits. These stocks include Adani Transmission, Adani Green Energy, Adani Wilmar, Adani Power, Adani Total Gas, and NDTV.

Currently, with a net worth of USD 57.5 billion, Adani is at the 22nd spot on the list of billionaires in the world.

Hindenburg effect

It all started after Hindenburg research firm released a report raising concerns about shares of Adani Group companies having a possibility of declining from their current levels, owing to high valuations.

Soon after the release of the report, the stocks of companies belonging to the group started falling.

Though, the group responded to allegations and narrative peddled by the firm in a 400-page response, some of the group’s companies are still witnessing sharp sell-off.

Due to the Hindenburg effect, the net worth of Gautam Adani which was USD 134.2 billion on December 13, 2022, fell to USD 57.5 billion now.

Gap between Gautam Adani and Mukesh Ambani widens

Due continuous fall in the stocks of the group firms, the gap between the net worths of Gautam Adani and Reliance Industries Limited (RIL) chairman Mukesh Ambani is widening for the past two days.

Ambani who once again become the richest person in India on February 1 is currently at the eleventh position in the world’s billionaire list. His net worth is USD 82.4 billion.

No Indian in world’s top 10 billionaire list

After the exit of both Gautam Adani and Mukesh Ambani, no Indian is left in the world’s top 10 billionaire list. Currently, there are eight American and one French, and one Mexican on the list.

Name	Net worth	Country
Bernard Arnault	$217.5 billion	France
Elon Musk	$183.2 billion	United States
Jeff Bezos	$136.0 billion	United States
Larry Ellison	$113.6 billion	United States
Warren Buffett	$108.3 billion	United States
Bill Gates	$106.1 billion	United States
Larry Page	$92.8 billion	United States
Carlos Slim Helu	$90.8 billion	Mexico
Sergey Brin	$88.8 billion	United States
Steve Ballmer	$84.8 billion	United States

The list is topped by Bernard Arnault who is the chairman and CEO of the world’s luxury goods company LVMH. He is a French citizen.

Currently, with a net worth of USD 217.5 billion, he is the only person in the USD 200-billion club.

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( With inputs from www.siasat.com )

February 3, 2023

Delhi excise scam case: Kavitha, others gave bribes worth Rs 100 cr to AAP leaders, ED alleges

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Hyderabad: BRS MLC Kavitha Kalvakuntla and others who the Enforcement Directorate called the ‘South Group’ gave kickbacks to the AAP leaders to the tune of Rs 100 crore, the 400 page chargesheet filed by the agency said.
“Sh Vijay Nair, on behalf of leaders of AAP has received kickbacks to the tune of Rs. 100 Cr from a group, for convenience, we may call it the South Group (as termed in the statements of various persons recorded during the investigation), whose prominent persons are Sh Magunta Srinivasulu Reddy, Sh Raghav Magunta, Sh Sarath Reddy and Ms K Kavitha. The South Group was represented by Sh Abhishek Boinpally, Sh Arun Pillai and Sh Buchi Babu. Sh Abhishek Boinpalli facilitated the transfer of Rs. 100 Cr kickback in connivance and conspiracy with Sh Vijay Nair and his associate Sh Dinesh Arora,” the ED chargesheet read.
(This is a breaking story. Keep refreshing the page for fresher updates).
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#Delhi #excise #scam #case #Kavitha #gave #bribes #worth #AAP #leaders #alleges
( With inputs from www.siasat.com )

February 2, 2023
Flood mitigation plan: Part of Phase-2 work worth Rs 340 Cr tendered out

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Jahangeer Ganaie
Srinagar, Feb 01: The project worth Rs 340 crore under phase-2 flood mitigation plan has been tendered out on which work is expected to start soon.
A top official of Irrigation and Flood Control department of Kashmir, wishing not to be named, told the news agency—Kashmir News Observer (KNO) that phase-1 of comprehensive flood mitigation plan has almost completed while work on phase 2 is expected to start soon.
“The main work in the phase 2 will be flood spill channel for re-sectioning so that if there will be more water coming, then it will go through these channels,” he said, adding that part of it is to work on Hokarsar.
He said that resectioning of the flood spill channel which includes taking channel width from 20-80 metre with constant slope from Padshahi Bagh to Wullar costing around Rs 239 crore has been tendered out and efforts are on to rope in competitive national agencies for dredging.
He added that the main purpose of the work that has been started at Hokarsar is to keep wetland wet so that migratory birds coming there can live without any hindrances, but that is also part of the phase- 2 of flood mitigation plan.
He said that the gate at the Wular has 80 m width while Chanell there is just 30 m wide which has to be taken to 80 m.
He said that crate projection and other works on 21 major tributaries of Jhelum have been tendered out as well under 13 Irrigation divisions of Kashmir on which work is also expected to start soon.

He said that as tendering is in the last stage and they expect to start the work soon
“With the completion of phase 1 the capacity of river Jhelum will go to 60,000 cusecs, which has been already taken to 40,000 in the phase 1.
He said that the deadline to complete the phase 2 is three years and hopefully it will be completed in three years time.
Notably, Flood Management Plan was divided into two phases, phase 1 was funded under the Prime Minister’s Development Package with a budget of Rs 399 crore, which included spot dredging as per requirement to increase the capacity of river Jhelum so as to minimize the damage if there will be floods again.
Soon after floods in 2014, the government of India had constituted a committee to suggest measures to prevent such calamities in the future.
The committee in its report had recommended several long term measures including additional supplementary flood spill channel, creation of storage facilities on tributaries of Jhelum, flood plain zoning and enhancing capacity of Wular Lake—(KNO)
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#Flood #mitigation #plan #Part #Phase2 #work #worth #tendered
( With inputs from : roshankashmir.net )

February 1, 2023
Adani loses spot on world’s top 10 billionaire list as net worth dips

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Amid war of words between Adani Group and Hindenburg Research, India’s richest person Gautam Adani lost a spot on the world’s top ten billionaire list as his net worth dipped further on Tuesday.
The stocks of his group companies continued to fall even after detailed responses to the Hindenburg report.
In the report, the research firm raised concerns about shares of Adani group companies having a possibility of declining from their current levels, owing to high valuations.
As per Bloomberg Billionaire Index, the current net worth of Adani is $84.4 billion and he is at the 11th spot on the list of world’s billionaires.
Adani Group responds to Hindenburg report
On Sunday, Adani Group responded to allegations and narrative peddled by Hindenburg Research in a 400-page response.
It also raises questions about the ulterior motives and modus operandi of Hindenburg which has conveniently ignored the Indian judiciary and regulatory framework.
The group also alleged that the report by the research firm was not an attack on any specific company but a “calculated attack” on India, its growth story, and ambitions.
Replying to the claim that it is a ‘calculated attack’ on India, Hindenburg Research tweeted, ‘Fraud Cannot Be Obfuscated By Nationalism Or A Bloated Response That Ignores Every Key Allegation We Raised’.

Our Reply To Adani:
Fraud Cannot Be Obfuscated By Nationalism Or A Bloated Response That Ignores Every Key Allegation We Raisedhttps://t.co/ohNAX90BDf
— Hindenburg Research (@HindenburgRes) January 30, 2023
Adani loses spot on world’s top ten billionaire list as net worth dipped
As per the index, Gautam Adani’s net worth dipped by over USD 39 billion in less than 15 days. His net worth was USD 124 billion on January 17 and currently, it is USD 84.4 billion. Due the dip, he lost spot on world’s top ten billionaire list.
Though he continued to be the richest person in India, the gap between him and RIL chairman Mukesh Ambani narrowed.
The current net worth of Ambani is USD 82.2 billion.
Abu Dhabi-based IHC to invest in Adani Enterprises’ FPO
Amid ongoing controversy over the firm report, International Holding Company, an Abu Dhabi-based diversified conglomerate, on Monday announced that it will invest about USD 400 million (AED 1.4 billion) into the Adani Enterprises’ follow-on public offer (FPO) through its subsidiary Green Transmission Investment Holding RSC Limited.
The Adani Group company’s FPO opened for subscription on January 27 and will continue till January 31.
Adani Enterprises had filed a red herring prospectus with the markets regulator Securities and Exchange Board of India (SEBI) for the Rs 20,000 crore follow-on public offer (FPO).

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( With inputs from www.siasat.com )

January 31, 2023
Chhattisgarh coal levy extortion scam: ED attaches more assets worth Rs 17.48 cr

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New Delhi: The Enforcement Directorate (ED) on Monday said that it has attached 51 immovable properties worth Rs 17.48 crore in the illegal coal levy extortion scam in Chhattisgarh.
The attached properties include 8 benami immovable properties worth Rs 7.57 crore which are owned by Saumya Chaurasia, deputy secretary to Chief Minister Bhupesh Baghel. The remaining 43 benami properties are beneficially controlled by Suryakant Tiwari.
In the same money laundering investigation, the ED had previously issued a Provisional Attachment Order on December 9, 2022 attaching properties worth Rs 152.31 crore belonging to Suryakant Tiwari, Sameer Vishnoi IAS, Saumya Chaurasia, Chhattisgarh civil service officer, Sunil Agarwal and others.
In total, the ED has attached assets to the tune of approximately Rs 170 crore till now.
The ED initiated the money laundering investigation based on the FIR lodged on the complaint of the Income Tax Department. Searches have been conducted and so far 9 accused have been arrested under the PMLA. All of them are in judicial custody.
The ED investigation has established that proceeds of crime of Rs 540 crore were acquired through this extortion racket. The extortion network was set up with the active connivance and participation of a large number of bureaucrats and higher ups.
The ED is investigating the entire gamut of the extortion racket.

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#Chhattisgarh #coal #levy #extortion #scam #attaches #assets #worth
( With inputs from www.siasat.com )

January 30, 2023
Telangana: KTR inaugurates ITC’s food processing unit worth Rs 450 cr

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Hyderabad: IT and Industries minister KT Rama Rao inaugurated the ITC limited’s food processing facility, which entailed an initial investment of Rs 450 crore in Medak.
KTR has invited the multi-business Indian enterprise to open integrated food manufacturing and logistics facility in Telangana’s food processing zone apart from a manufacturing hub.
The food processing facility, spread over nearly 59 acres of land and with a built-up area of 6.5 lakh square feet, entails an initial investment outlay of Rs 450 crore.
Speaking at the inaugural event held in Medak on Monday, KTR said, “Telangana was preparing itself to set up special food processing zones at 10k acres to extend its support to the ITC if they came forward to expand its facility.”
Remarking that Telangana couldn’t be a better location logistically for the set-up, as it is situated in the middle of the country, KTR assured customized incentives to ITC in reviewing the Ballarpur Industries Limited (BILT) in Mulugu district while inviting the company chairman and MD Sanjiv Puri to explore the possibilities of ITC’s manufacturing hub in the state.
He further insisted the ITC’s chairman join hands and participate in CSR activities (Corporate Social Responsibility) for the betterment of existing health and education infrastructure in the locality.
Stressing on the extension of ITC’s support to local farmers, KTR requested ITC to use local raw materials, especially potatoes used in the manufacture of their ‘Bingo’ chips.
“This would ensure the quality of raw materials reaches ITC through agricultural scientists and Rythu Bandhu Samithis,” the minister added.

The new facility will be producing ITC’s food brands including Aashirvaad atta, Sunfeast biscuits, Bingo chips, and Yippee Noodles among others.
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#Telangana #KTR #inaugurates #ITCs #food #processing #unit #worth
( With inputs from www.siasat.com )

January 30, 2023
Delhi govt approves projects worth Rs 12 cr to strengthen road infra

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New Delhi: Delhi’s Deputy Chief Minister Manish Sisodia on Friday approved projects worth Rs 12 crore for repair and redevelopment of road infrastructure in the national capital.
The projects include repair and redevelopment of the Andrews Ganj and Nehru Place flyovers at a cost of Rs 2.10 crore, and culverts at six locations in Najafgarh drain from Bharat Nagar to Timarpur amounting to Rs 9.90 crore.
While sharing the details about the projects, Sisodia said, “The Delhi government is working round-the-clock to ensure better road infrastructure. The PWD is regularly assessing infrastructure at various locations and ensuring their maintenance from time to time so that no inconvenience is caused to the commuters.
“Following the same policy, two new projects have been approved recently. The repair and redevelopment of the Andrews Ganj and Nehru Place flyovers will increase the life of the flyovers by up to 20 years.”
The Andrews Ganj and Nehru Place flyovers project involves the replacement of worn-out bearings which will increase the life of the flyovers by up to 20 years. The work is expected to be completed in six months.
Another project will ensure the repair and redevelopment of culverts at six locations in Najafgarh drain from Bharat Nagar to Timarpur at a cost of Rs 9.90 crore. Repair of these culverts has been pending for a long time. The project is expected to be completed in nine months.
Sisodia has directed the concerned officials to complete the work in the stipulated time and ensure that no inconvenience is caused to the public when the work is in progress.

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#Delhi #govt #approves #projects #worth #strengthen #road #infra
( With inputs from www.siasat.com )

January 27, 2023
Adani loses spot on world’s top five billionaire list as net worth dips

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India’s richest person Gautam Adani lost a spot on the list of the world’s top five billionaires after his net worth dipped by USD 20.1 billion today.
On Friday, Adani group stocks continue to fall after Hindenburg Research said it fully stands by its report and believes any “legal action taken against us would be meritless”.
“Regarding the company’s threats of legal action, to be clear, we would welcome it. We fully stand by our report and believe any legal action taken against us would be meritless,” said Hindenburg Research in a statement that was posted on its official Twitter handle.
What did Hindenburg Research claim about the group?
Hindenburg Research report accused firms owned by Gautam Adani of market manipulation and accounting fraud.
Following the accusation, Adani Group said it is mulling legal options in the US and India against the investment research firm.
Jatin Jalundhwala, Group Head – Legal, Adani Group, in a statement, said, “The maliciously mischievous, unresearched report published by Hindenburg Research on 24 January 2023 has adversely affected the Adani Group, our shareholders and investors.”
“We (the Group) are evaluating the relevant provisions under US and Indian laws for remedial and punitive action against Hindenburg Research,” Jalundhwala said.
Net worth of Adani dipped by over 16 percent
Gautam Adani on Friday become poorer by USD 20.1 billion after his net worth dipped by 16.88 percent. Apart from losing a spot in the top five billionaire list, he is no longer in the USD 100-billion club.

After a dip in his net worth, he slipped from fourth to seventh spot on the list in a day. However, he continues to be the richest person in India.
In the last two years, Adani’s net worth climbed from USD 8.9 billion in 2020 to USD 99.1 billion now.
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#Adani #loses #spot #worlds #top #billionaire #list #net #worth #dips
( With inputs from www.siasat.com )

January 27, 2023
Check out Vijay Deverakonda’s massive net worth

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Hyderabad: Vijay Deverakonda is currently one of the biggest names in the Telugu film industry. The actor burst into stardom following a humongous success of Arjun Reddy where he played a lovelorn doctor with anger management issues.
Following its grand success, Vijay Deverakonda has done plenty more things to win over the hearts of the masses. His swagger activity on social media be it his uber cool show of his fashion quotient or heartwarming regards to his fans, the actor seems to be doing it all just right.
The Liger is making the headlines once again and this time not for the movie but for turning sportpreneur and will be the Hyderabad BlackHawks volleyball team’s new co-owner.
Taking to his Instagram to make the announcement, Deverakonda said: “I bought part of a sports team: Hyderabad Blackhawk’s. A deadly fierce team! So happy to be part of this beautiful, pacy, explosive sport — Volleyball. We hope to make the Telugu states proud and win the Prime Volleyball League’s 2023 season.”
According to reports, the actor has spent a whopping amount of Rs 160 crore to get the shares in the team.
This is not the first venture of the liger star as his investments are in Hill Entertainment which is a production company and a clothing line called Rowdy Wear. And now, his net worth has become the talking point for his fans considering all his above mentioned big investments.
Vijay Deverakonda Net Worth
According to multiple reports, Vijay’s net worth is estimated to be over Rs. 55 crore, all of which can be attributed to his career as a film actor. He also endorses for a few brands, which adds to his income.
The actor charges more than Rs 12 crore as his remuneration per movie. However, he is said to have charged Rs. 35 crores as remuneration for his last pan-India film ‘Liger’.

On the work front, Vijay Deverakonda is currently working on his upcoming Tollywood movie Jana Gana Mana directed by Puri Jagannadh. He also has Kushi which is written and directed by Shiva Nirvana and the female lead of the film is Samantha Ruth Prabhu.

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( With inputs from www.siasat.com )

January 25, 2023