Rijiju, SC’s hearing
BBC documentary
issue, waste of time
Adani Group FPO sails
through despite Hindenburg
day’s close. The price
band for the FPO was
₹ 3,112 to 3,276 a share, 4
to 9% higher than the last
close. Retail investors
were offered a discount of
₹ 74 per share on the
soon-to-be-finalised issue
price.
Market players said AEL
garnering full subscription
despite the tumult
following the Hindenburg
report was a remarkable
feat. On the penultimate
day, the issue was
subscribed just 3%.
Hindenburg had an
interest in Adani group
securities as it had short
sold them in overseas
markets. Timed to rock
the FPO the report wiped
out 29%, of the Adani
group’s market value in
Indian stock exchanges.
AEL’s 413-page riposte to
the Hindenburg report did
not reassure enough
investors in India. The
Adani Group is now
mulling legal action
against Hindenberg.
At: BusinessStandard, ZeeBiz,
TimesOfIndia 1-2
Land recovery in Jammu
and Kashmir gathers pace
Indus Treaty: India
boycotts a flawed
Hague hearing
Bharat First Visit IndiaWiki.org
Jan 28, Under the
provisions of the Indus
Water Treaty (IWT), a
graded escalation of
differences between
India and Pakistan is
provided, first to Indus
commissioners then to
World Bank appointed
‘neutral experts’ and
finally to the World
Bank appointed Court
of Arbitration (CoA).
The treaty allots the
water of eastern rivers,
Sutlej, Beas and Ravi of
about 33 million acre
feet (MAF) annually to
India that that of the
western rivers, Indus,
Jhelum and Chenab, of
135 MAF annually
largely to Pakistan. In
Mar 2022, the World
Bank initiated
resolution disputes on
Indian dams at two
concurrent forums at
Pakistan’s insistence; a
flawed step since it
allows conflicting
verdicts. So India has
decided to participate
only before a neutral
expert, and boycott the
CoA. So India skipped
the Hague hearing on
Friday. At: Business-Ins, Hindu
Iran: Drones
attack military
plant at Isfahan
Jan 29, drones attacked
a military plant in Iran’s
central city of Isfahan,
Iran, a major center of
Iranian missile
production, research
and development. The
large explosion resulted
in infrastructure damage
but no casualties. The air
defense system at the
complex was able to
destroy two other
drones.
It is suspected to be the
work of the Mossad,
Israel’s premier
intelligence agency,
according to senior
intelligence officials
familiar with Israel and
the US. The US had
earlier identified Iran as
a key supplier of drones
to Russia for the Ukraine
war.
The plant is about 440
kilometers south of
Tehran. In the past few
years, several explosions
and suspicious fires have
occurred around Iranian
military and nuclear
facilities. At: CNN, NyTimes
Jan 30, 2023 - Week 5Volume 7S-90| Pages 1
BBC taking cash from China
for hit job on India
UP Police arrests
five for desecrating
Ramcharitmanas
Jan 23, Bharatiya Janata
Party (BJP) MP and
senior advocate Mahesh
Jethmalani attacked BBC
and accused it of
receiving funds from
Chinese state-linked
Huawei outside the
United Kingdom. He
asked if the BBC’s 'anti-
India' documentary was
part of a 'cash-for-
propaganda deal'.
"Why is #BBC so anti-
India? Because it needs
money desperately
enough to take it from
Chinese state-linked
Huawei & pursue the
latter’s agenda. It’s a
simple cash-for-
propaganda deal. BBC is
up for sale," Jethmalani
tweeted.
While the UK banned
Jan 31, the Adani group
pulled off the ₹ 20,000-
crore follow-on public
offering (FPO) for its
flagship company, Adani
Enterprises (AEL),
despite the storm
created by US short
seller and investment
research firm
Hindenburg Research
through a barrage of
allegations against the
conglomerate.
Even though AEL’s share
price continued to
languish below its issue
price, the FPO managed
to garner 1.12 times
subscription, attracting
bids worth over ₹ 16,000
crore. Over 60% of these
bids came from high
networth individuals
(HNIs). The quota
reserved for HNIs was
subscribed 3.3 times.
The retail portion was
subscribed just 12%, and
saw bids to the tune of
₹ 900 crore.
Shares of AEL closed at
₹ 2,975 on Tuesday, up
3.4% over the previous
Huawei from its 5G trials
in Dec 2020, deeming the
company a security risk,
the BBC secured funds
from it via an offshore
offshoot. The BBC
entered into 31
transactions with Huawei
including putting out ads
for them which were
inaccessible within the
UK. BBC sponsored
content team,
StoryWorks, partnered
with at least 18 Chinese
clients since 2015.
Jethmalani asserted he
would approach India’s
Supreme Court to ask for
a full ban on the BBC in
India for its continuing
anti-BBC bias including
showing India map
without J&K and
At: Republic, Youtube, TimesOfIndia
Image: Republic
Jan 31, Andhra Pradesh
Chief Minister YS Jagan
Mohan Reddy has
announced that
Vishakapatnam will soon
become the state’s capital.
Amaravati will no longer
be developed as a
greenfield capital. The
Supreme Court had earlier
given a stay on the verdict
of the state High Court
ordering the government
to develop Amaravati as
the state capital within six
months.
At: Statesman, TheNewIndianExpress
Feb 1, in a big blow to
bigwigs and influential
people who had
encroached huge
swathes of prime state
land in Jammu and
Kashmir (J&K), the
Supreme Court (SC)
dismissed a petition
challenging the January
31 deadline for
evictions. While today’s
order is a jolt to mighty,
but it appears that
people with marginal
holdings may get relief
as J&K government is
likely offer some
protection to small
holdings.
The SC told the
petitioners, who
contended they still had
title to land under the
Roshni Act of 2001 that
Israel to demolish
homes of killers in
twin shootings
Jan 25, The home of 21-
year-old Khayri Alqam —
who killed seven Jews at
the Jerusalem
Synagogue will be
demolished the Israeli
Cabinet has ordered.
The police had shot
Alqam dead. It also
approved the razing of
the home of a second
Palestinian shooter, a
13-year-old boy who
wounded two Israeli
men in east Jerusalem
The Cabinet also took
steps toward approving
other measures against
the families of
Palestinian attackers,
including potentially
stripping them of
citizenship rights, social
security and deporting
them to punish them for
supporting terror.
The government is
planning to allow
ordinary Israelis access
to guns to better defend
themselves. Itamar Ben-
Gvir, the Security
Minister they will extend
the home-demolition
policy to include those
whose attacks did not
result in fatalities.
At: Swarajya, APNews
Jan 30, in the deadliest
terror attack in Pakistan
in years, over 100
people were killed and
250 wounded in a
suicide bomb blast at a
mosque inside a walled -
off Police HQ in
Peshawar, Pakistan. The
roof caved in. 90% of
those killed are from the
police. A TTP splinter
group has claimed it was
retaliation for its cadre
killed earlier.
At: LiveMint Image: VoiceOfPakistan
100 dead in bomb blast at a
mosque in Peshawar, Pakistan
Sant Ravidas Jayanti, Feb 5, image courtesy Wikipedia; Basant Panchami, Saraswati, Jan 26, image courtesy Facebook; Himanta Biswa Sarma birthday, Feb 1, image courtesy Wikipedia
Jan 30, the Uttar Pradesh
police arrested five people
for desecration of the holy
Hindu scripture
Ramcharitmanas in
Vrindavan, Lucknow. Those
arrested include
Mohammad Salim,
Satyendra Kushwaha,
Yashpal Singh, Devendra
Yadav and Suresh Yadav.
The arrested claimed to
support Samajwadi Partly
leader Maurya who had
stirred a controversy
saying the scripture should
be banned. At: OpIndia
Jan 30, almost a lac
Hindus participated in
‘Jan Aakrosh Morcha’ in
Mumbai organised on
behalf of Sakal Hindu
Samaj, Mumbai, to raise
their voice and concerns
against ‘love jihad’ and
‘land jihad’. The march
started from
Chhatrapati Shivaji
Maharaj Park in Dadar
and ended at
Prabhadevi’s Kamgar
Maidan at distance of 4
km. RSS, Vishwa Hindu
Parishad and Bajrang
Dal leaders and workers
organized it and
Hyderabad right-wing
MLA Raja Sing was the
key note speaker.
Leaders of the BJP and
Novak Djokovic won his 10th Australian Open
championship and record-tying 22nd Grand Slam at
Melbourne beating Tsitsipas 6-3, 7-6, 7-6. At: PBS
Vishakapatnam is
the new capital of
Andhra Pradesh
Jan 29, Odisha's Health
Minister Naba Kishore Das,
a 60-year-old politician
from the Biju Janata Dal
and a confidante of Chief
Minister Patnaik, was
getting out of his car
to attend a meeting when
Assistant Sub-Inspector
(ASI) Gopal Das fired at
him. The Minister
succumbed to the injury.
The police have arrested
the ASI and suspect it was
an act of revenge for the
Minister denying the ASI’s
relative a job. At: MSN, WION
Odisha Health
Minister shot dead
by disgruntled cop
Indian diaspora
protests at the
BBC HQ in UK
Jan 30, hundreds of
members of UK’s Indian
diaspora protested outside
the BBC headquarters (HQ)
in central London against
the broadcaster’s flawed
documentary on Prime
Minister (PM) Narendra
Modi. Aside from ignoring
the Indian judicial verdicts
on the matter exonerating
the PM it resorted to
quoting questionable
sources to try and
implicate him and stoke
unrest in India. At: NewsNCR
Massive turnout for rally
Mumbai against love, land jihad
Eknath Shinde’s Shiv
Sena also participated.
At: OpIndia, TimesOfIndia
Djokovic wins Australian Open
Gorakhnath temple
assassin Abbasi
gets death penalty
Jan 30, an NIA court
awarded the death penalty
to Ahmad Murtaza Abbasi,
for the attack on the
Gorakhnath temple in
Gorakhpur in April last
year. Abbasi had attacked
police personnel posted
outside the temple a day
before Uttar Pradesh state
Chief Minister was to visit
it. Severely injuring two
cops with a sharp weapon.
He was planning to join
ISIS and doctors refuted
the claim that he was
mentally unstable. At: OpIndia
the legislation had
already been held to be
unconstitutional and
that no title survived
after that. In October
2018, the then
governor Satya Pal
Malik repealed the
Roshni Act
prospectively. Then in
October 2020, the High
Court declared the
Roshni Act ‘illegal,
unconstitutional and
unsustainable’ and held
allotments under the
Act as void ab initio.
Jan 30, Professor Hari
Om, J&K analyst, had
tweeted, that 4.4 lac
(56 K acres) of kanal
state and kahcharai
land has been retrieved
so far. At: RisingKashmir,
Twitter, TheNewsNow
Jan 30, commenting on the
anti-India lobby PIL
questioning the banning of
the flawed BBC docuseries
on the Godhra riots, ‘The
Modi Question’, the Union
Law Minister took to
Twitter and accused the
petitioners of wasting the
Supreme Court (SC) time
while thousands of
common citizens
languished for justice. The
SC had agreed to hear the
PIL on Feb 6. At: OpIndia