Today’s Top 10 News: DNP News brings to you top 10 breaking stories of the day to keep you abreast of all the latest developments from India and around the world.
ADVERTISEMENT
1. Adani Group claims that the Hindenburg Research report was motivated by an ulterior motive
On Sunday night, the Ahmedabad-based Adani Group responded in-depth to the “stock manipulation and accounting malpractices” claims made by the American short seller Hindenburg Research, denying all of the claims and characterising the Hindenburg report as “an attack on India and its independent institutions.”
2. Indian Army: Future threats to air defence include missiles, unmanned aerial vehicles, and lingering weapons
Future threats from missiles and unmanned aerial vehicles (UAV) call for a mitigation strategy as part of an integrated air defence and highlight the necessity for an all-encompassing air defence solution. According to defence sources, that is the key finding from an Army review of the conflict in Ukraine in light of the air warfare fought there and its ramifications for Indian air defence. The Army is experiencing a shortage of ammunition and spare parts due to the nearly one-year-old Russia-Ukraine conflict, especially for its mostly Russian-made armoured and air defence fleets, which Army Chief General Manoj Pande recently confirmed.
3. Thousands of unemployed Indian IT workers look for ways to continue living in the United States
Numerous recent layoffs at businesses like Google, Microsoft, and Amazon resulted in thousands of Indian IT professionals in the U.S. losing their jobs; they are now battling to find new employment within the time frame allowed by their work visas to remain in the country. The Washington Post reports that since November of last year, approximately 2,000 000 IT employees have been let go, including some record amounts at firms like Google, Microsoft, Facebook, and Amazon.
4. After three years, the Center consents to resume flights on the Delhi-Ludhiana sector
The Center has consented to resume direct flights from Ludhiana to Delhi, which is good news for those who live in and around the city. According to a formal announcement, the flights will start over the upcoming summer. The first round of bidding for the UDAN (Ude Desh Ka Aam Nagrik) route “Ludhiana-Delhi-Ludhiana” that began on September 1, 2017, was won by M/s Alliance Air, according to an official communication from the minister of civil aviation, Jyotiraditya M Scindia, to AAP MP (Rajya Sabha) from Ludhiana Sanjeev Arora. After three years of service, the airline ended operations on the route on August 31, 2020. The airport in Ludhiana is not currently operating any scheduled flights. A nineteen-seater type of aircraft with the UDAN route “Hindon Ludhiana Hindon” have been granted to M/s Big Charters during UDAN 4.2’s bidding round, and they might start flying in the summer schedule of 2023.
5. Former Afghan President Ashraf Ghani denounced by Pompeo in his book as a “Total Fraud” who obstructed negotiations with the Taliban
Former U.S. Secretary of State Mike Pompeo has said that Ashraf Ghani, the former president of Afghanistan who left the nation after the Taliban took over Kabul, was “a blatant fraud” who was only interested in maintaining his own position and a major obstacle in any peace negotiations. Mr. Pompeo contends in his book, “Never Give an Inch: Fighting for the America I Love,” that Mr. Ghani and Afghanistan’s former president Abdullah Abdullah were both implicated in high-level corruption that hindered the United States’ ability to successfully leave the war-torn nation in August 2021.
6. UK Prime Minister Sunak fires party leader Zahawi due to his tax issues
After an investigation concluded that Nadhim Zahawi had not been properly transparent about a tax investigation that he had settled while serving as Finance Minister, British Prime Minister Rishi Sunak dismissed him from the government on Sunday. In a humiliating incident, Mr. Sunak initially defended Mr. Zahawi before ordering an impartial consultant to look into concerns about his tax issues after learning Mr. Zahawi had resolved an HMRC investigation last year.
7. “Hindenburg copied our disclosures and performed no investigation,” claims Jugeshinder Singh, CFO of Adani Group
Hindenburg Research has been charged by The Adani Group with conducting inadequate research and “copy-pasting” from business disclosures. Additionally, it said that they either conducted inadequate research or did so but mislead the public. Jugeshinder Singh, the chief financial officer of Adani Group, stated that Hindenburg needs to answer why they distorted the questions they asked Adani Group in their report. According to Singh in the interview that followed the 413-page report released to investors on Saturday, Adani Group responded to all 88 inquiries made by Hindenburg Research. “There are solutions to all 88 questions. They used our disclosures and did not conduct any research, even if we did not respond to all 88 of the questions. One hundred and sixty-eight of these questions are false and misleading. The report was a hit-job on the FPO because they did no investigation and simply cut, copied, and pasted it. They conducted the studies and purposefully deceived the audience, so it could be worse. Inquire with them. The 68 questions were distorted, so ask them why, Singh said.
8. Regional airline in UK Flybe stops operating and cancels every flight
For the second time in three years, the British regional airline Flybe halted operations on Saturday. All flights were cancelled, and 276 employees were laid off. Flybe, which operated regular flights between Belfast, Birmingham, and Heathrow as well as to Amsterdam and Geneva, said that company has entered administration, a process that protects debtors, in a statement on its website.
9. In shootout, Germany prevails against Belgium to win their third hockey world title
Germany defeated defending champions Belgium 5-4 in a shootout to win the men’s hockey World Cup on Sunday in Bhubaneshwar, securing their third victory overall. Germany scored three goals in the second half to turn a 0-2 deficit into a 3-2 advantage. However, a penalty corner in the last seconds of normal time allowed Belgium to tie the score. Germany eventually won the penalty shootout 5-4.
10. “Avatar 2” surpasses “The Force Awakens” and is now fourth-highest grossing film in history
Star Wars: The Force Awakens was eclipsed by James Cameron’s Avatar: The Way of Water to become the fourth-highest grossing movie of all time. The science fiction epic from has now made USD 2.075 billion globally. The Force Awakens, the third instalment in the Star Wars series, released in theatres in December 2015, much later than the previous films. It earned USD 2.064 billion throughout its time in theatres.
