Post Tagged with: "Adani"

Has SEBI investigated overseas companies reported to be related to the Adani Group?

Has SEBI investigated overseas companies reported to be related to the Adani Group?

To Smt Nirmala Sitharaman Union Finance Minister Dear Smt Sitharaman, You must have received my letter of 31st January, 2023 (https://countercurrents.org/2023/02/overseas-shell-companies-a-shadow-economy-a-threat-t-national) on the legal vacuum left unfilled over the years (“shell companies” not statutorily defined), deliberately or otherwise, by the Finance and Corporate Affairs Ministries, which has perhaps strengthened the unholy nexus that exists between domestic corporate entities and their overseas shell[Read More…]

by — 03/02/2023 — Comments are Disabled — India
Bursting Adani bubble exposes nexus between Crony Capitalists and ruling BJP

Bursting Adani bubble exposes nexus between Crony Capitalists and ruling BJP

Forbes, world’s financial news daily declared (September, 2022), Gautam Adani as the second richest in global rich list, with a fortune estimated to be  $155.5 billion on Forbe’s Real time billionaire rankings.  Then during this week credible American financial investigating firm Hindenburg Research revealed a saga of stock manipulations and accounting frauds  of Adani empire, India’s biggest crony capitalist. As[Read More…]

by — 01/02/2023 — Comments are Disabled — India
Moment of Reckoning

Moment of Reckoning

It may or may not be a coincidence,but it is surely striking that from two countries regarded as close allies of Prime Minister Modi two quite alarming missiles have exploded near him and his close friend corporate magnate Gautam Adani.The BBC documentary directly holds him responsible for letting the ghastly pogrom of 2002 happen in Gujarat during his watch as[Read More…]

by — 30/01/2023 — Comments are Disabled — India
Bursting of Adani Bubble Due to Hindenburg Impact; Can Modi Govt Absolve of Its Responsibility?

Bursting of Adani Bubble Due to Hindenburg Impact; Can Modi Govt Absolve of Its Responsibility?

While these lines are being written, Adani group had already lost around more than $50 billion (more than Rs. 4 lakh crore), equaling almost 20 percent of its market value (‘aggregate market capitalization’)  since January 24, following the release of the “credible and well-researched” report of Hindenburg Research alleging “brazen stock manipulation and accounting fraud scheme over course of decades”[Read More…]

by — 28/01/2023 — Comments are Disabled — India
CPI(M) and BJP Become “Twin Brothers” in Kerala in Their Ignominious Servility to Adani!

CPI(M) and BJP Become “Twin Brothers” in Kerala in Their Ignominious Servility to Adani!

Introduction While these line are being written, in continuation of the BJP-CPI (M) joint meeting in solidarity with Adani, the CPI (M) led Kerala government has given its green signal before the High Court of Kerala for the deployment of Central Forces at Vizhinjam to safeguard the corporate interests of Adani, biggest Indian corporate and world’s third richest according to[Read More…]

by — 05/12/2022 — Comments are Disabled — India
Fish Workers’ Agitation: Kerala’s Vizhinjam Anti Adani Port Struggle For Survival

Fish Workers’ Agitation: Kerala’s Vizhinjam Anti Adani Port Struggle For Survival

The historical agitation by the coastal people of Trivandrum has crossed 120 days. The struggle has been going on at Vizhinjam all these days under the leadership of the Trivandrum Latin archdiocese raising 7 demands including the demand that construction of the harbour has to be stopped and the destruction it has already caused to the coast to be enquired[Read More…]

by — 19/11/2022 — Comments are Disabled — Environmental Protection
Allotment of Gondalpura Coal Block to the Adani Group violates Forest Rights Act

Allotment of Gondalpura Coal Block to the Adani Group violates Forest Rights Act

To Shri A L Meena Union Coal Secretary Shri A K Jha Union Secretary for Tribal affairs Dear S/Shri Meena and Jha, I understand that the Ministry of Coal has allotted Gondalpura coal block in Hazaribagh district of Jharkhand in favour of the Adani Group and the local communities who would be displaced, including adivasis, are protesting against it (https://thewire.in/rights/gondalpura-coal-mining-adani-group-protests).[Read More…]

by — 19/11/2022 — Comments are Disabled — India
Gautam Adani: Ecological Crossdresser

Gautam Adani: Ecological Crossdresser

Imagine the tobacco producer who invests in smoke limitation programs, or the arms manufacturer who attends a conference proposing to ban weapons and seek a better future.  Gautam Adani, one of India’s most ruthlessly adept billionaires, has added his name to the growing list of corporate transvestism, using ecological credentials as his camouflage for fossil fuel predation. The central feature[Read More…]

by — 29/09/2022 — Comments are Disabled — World
Reports on highly leveraged debt-based operations of the Adani Group- calls for a closer look from the PSU banks’ point of view

Reports on highly leveraged debt-based operations of the Adani Group- calls for a closer look from the PSU banks’ point of view

 To Shri Shaktikant Das Governor RBI Dear Shri Das, RBI must have seen the disturbing report of the credit research agency, CreditSights, on highly over-leveraged expansion programme undertaken by the Adani Group in India and abroad (https://www.reuters.com/world/india/indias-adani-group-deeply-overleveraged-creditsights-says-2022-08-23/) The credit research agency is reported to have pointed out, “The conglomerate’s debt-funded growth plans could spiral ‘into a massive debt trap’ and[Read More…]

by — 26/08/2022 — Comments are Disabled — India
Photo by Samim Aktar/The Telegraph

Rights, Laws, Constitution: Confusions of an Ignoramus

In the month of June-July, fruit-wise still a month of Mangoes, allegedly some fellows at the behest of Adani Power company and emboldened by administration of WB started destructing mango and lichi orchards in some villages near Farakka (the place famous for barrage) for the purpose of clearing way for constructing transmission towers for carrying electricity from Adani’s power plant in Jharkhand to neighbouring Bangladesh. When villagers protested many were beaten by police and many were arrested. A team of Sanyukt Kisan Morcha that went to inspect the area was virtually detained by the administration and was prevented from going to the spot, a press statement of SKM said.

by — 06/08/2022 — Comments are Disabled — India
Letter from Anti Vizhinjam Adani Port struggle front

Letter from Anti Vizhinjam Adani Port struggle front

Dear Sisters , Today  5 of us women have left our homes to participate and sit as Satyagrahis in the small pandal near Thiruvannathapuram Domestic terminal where the Anti Adani Vizhinjam Port struggle reaches its 50th day. Many of you may wonder why we are here and what we are trying to communicate by this Satyagraha. Titled the Indefinite Satyagraha[Read More…]

by — 26/07/2022 — Comments are Disabled — Environmental Protection
Withdraw the proposed Coal Mining Project by Adani at Gondalpura, Jharkhand

Withdraw the proposed Coal Mining Project by Adani at Gondalpura, Jharkhand

NAPM extends solidarity to villagers of Gondalpura Struggling to Protect their Farms, Forests and Biodiversity 12th March, 2022: National Alliance of People’s Movements (NAPM) extends solidarity to the villagers protesting since many months against Adani’s proposed mine at the Gondalpura coal block in Hazaribagh, Jharkhand. It is distressing that both the Centre and the State have paid no heed to[Read More…]

by — 12/03/2022 — Comments are Disabled — India
Let the Vandalism Begin: Adani Strikes Coal

Let the Vandalism Begin: Adani Strikes Coal

He began on RN Breakfast by claiming that he, and his company, would be open and transparent about mining operations.  But Lucas Dow, chief executive of Adani’s Australian operations, soon revealed in his June 25 interview that his understanding of transparency was rather far from the dictionary version.  When asked how the Carmichael Coal Mine was getting its water, he[Read More…]

by — 26/06/2021 — Comments are Disabled — Environmental Protection
The Adani Business Formula: Dealing with Myanmar’s Military

The Adani Business Formula: Dealing with Myanmar’s Military

Corporate morality can be a flexible thing.  Some companies see tantalising dollar signs afloat in the spilt blood of civilians and dissidents.  Military governments, however trigger crazed, offer ideal opportunities; potentially, corners can be cut, regulations relaxed.  The Adani Group has shown itself to be particularly unscrupulous in this regard. In many ways, it is fitting.  The group’s record in[Read More…]

by — 01/04/2021 — Comments are Disabled — World
Oratory comes with Conviction: ‘Hum Do, Hamare Do’

Oratory comes with Conviction: ‘Hum Do, Hamare Do’

Oratory is important in todays time. Narendra Modi gave a new term ‘andolanjeevi’ to his supporters which was countered by activists vehemently. Modi’s speech was nothing but addressed to his audience and now that includes corporate bosses too as he categorically said that ‘private’ is important for ‘nation building’. The second most important speech which was highly impressive and exposed[Read More…]

by — 12/02/2021 — Comments are Disabled — India
The Rightist Regimes, Monopoly Houses And State

The Rightist Regimes, Monopoly Houses And State

In a globalized world market the monopoly houses are growing in a manner that they could control the democratic state apparatus in the countries of their headquarters like never before. When the right wing parties come to power with the full support of monopoly houses there is a contract between monopoly houses and the party that their market reach must[Read More…]

by — 11/02/2021 — Comments are Disabled — India
 NAPM extends solidarity to the Global Campaign by (YAStA) Youth Action to Stop Adani 

 NAPM extends solidarity to the Global Campaign by (YAStA) Youth Action to Stop Adani 

National Alliance of People’s Movements (NAPM) commends and extends its solidarity to the youth groups of India and Australia who, in an effort to bring more attention to the continuous struggles of the multitude — aboriginal, indigenous peoples, farmers, working class and other oppressed communities — against anti-people multinational corporate conglomerates, have successfully organised the Global Week of Action to[Read More…]

by — 02/02/2021 — Comments are Disabled — India
Widespread Opposition of Arrest Warrant Against Eminent Journalist Paranjoy Guha Thakurta

Widespread Opposition of Arrest Warrant Against Eminent Journalist Paranjoy Guha Thakurta

On January 19, a court in Gujarat issued an arrest warrant against eminent journalist Paranjoy Guha Thakurta in a defamation suit filed by the Adani Group. Since then several leading media organizations and commentators have voiced strong opposition of this action against a senior journalist with many-sided achievements in print journalism,  TV and documentary films. Thakurta has also been working[Read More…]

by — 23/01/2021 — Comments are Disabled — Human Rights
Protesters ask GE to pull plug on coal; firm set to provide turbine for Godda

Protesters ask GE to pull plug on coal; firm set to provide turbine for Godda

The proposed 1,600 MW Godda Power Plant in Jharkhand, to be set up by the Adani Group with the aim of supplying power to Bangladesh, is to get its turbines from General Electric. A press conference on Friday, December 11, 2020, conducted online by civil society groups from Kenya, Indonesia, India, Vietnam and Bosnia and Herzegovina urged GE to pull[Read More…]

by — 14/12/2020 — Comments are Disabled — India
The Adani Group’s Penchant for Controversial Projects Seem Unstoppable

The Adani Group’s Penchant for Controversial Projects Seem Unstoppable

Reports on the Adani group’s projects worldwide show massive illegalities, ecological and environmental destruction, human rights violation, tax evasion, money laundering and corruption.  An ongoing coal based thermal power project in India which will supply its entire power to Bangladesh and import coal from Adani’s Carmichael mines in Australia, points to crony capitalism, exploitation, corruption and violation of laws. Who[Read More…]

by — 19/08/2020 — Comments are Disabled — Environmental Protection