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Fotocorp

Are Adanis Using Foreign Route To Acquire Ambuja Cements, ACC In India?

The country’s fastest growing business house of the day, Ahmedabad-based Adani Group, is reportedly entering into the cement business by acquiring two major companies of the Indian cement industry from world’s second largest cement producer, Holcim of Switzerland. The deal is worth more than Rs 50,181 crore. Strangely, none of the India-based Adani Group companies is involved in the acquisition process. Interestingly, the net worth of the so called acquirer of the two large Indian cement conglomerates at the end of fiscal 2022 was less than Rs 20 lakh! To acquire Ambuja Cements Ltd (ACL) and ACC Ltd (ACCL), Adanis have adopted a complex route. The main face of the group, Gautam Adani, does not come into the picture. The takeover process is executed via elder sibling, Vinod Adani, a citizen of Cyprus, a resident of Dubai and Singapore and a director of dozens of companies & trusts spread across many tax havens like Mauritius and British Virgin Islands (BVI). The acquirer of ACL/ACCL is the Mauritius-registered Endeavour Trade and Investment Ltd which is 100% owned by another Mauritius-based company, Xcent Trade and Investment Ltd, which is again 100% owned by Acropolis Trade and Investment Ltd which too is a Mauritius incorporated company. Acropolis Trade is held 100% by Adani Global Investment DMCC, a UAE incorporated company. Adani Global is held 100% by AR Global Holding Ltd, a BVI incorporated company. AR Global is held 100% by another BVI incorporated company Amulya Resources Holding Ltd which is held 100% by Amulya Resources Family Trust, a BVI incorporated trust. By arrangement with https://investlive.net/.
Amit

@AmitShah

“Punish Uddhav’s Betrayal By Ousting His Sena From BMC,” Roars Amit Shah

“Punish Uddhav Thackeray for his betrayal by winning at least 150 seats in the coming BMC election,” Union home minister Amit Shah has exhorted BJP workers during his two-day visit to the financial capital. He has assured all the support to Mumbai BJP from the party headquarters for capturing the Brihanmumbai Municipal Corporation. Shah told BJP workers on Monday that Uddhav had betrayed the BJP twice. In 2014, the Shiv Sena broke the alliance for a frivolous reason. In 2019, Uddhav joined hands with the Congress and the NCP. “This treachery can’t be tolerated.  Teach him a lesson he will never forget. Oust the Uddhav Sena from the BMC and reestablish the Hindutva imprint in Mumbai,“ Shah said. Taking Uddhav to task for the rampant corruption in the BMC, Shah said it was time to make a change. To bring it about, every worker, office bearer, corporator, MLA and MP will have to take to the streets and mobilise the public opinion, Shah declared. The BMC has 227 electoral wards, which were earlier restructured by the Uddhav government in a bid to increase their number to 236 and to make them easier for the then ruling coalition. However, chief minister Eknath Shinde’s government has restored the earlier status. The BJP’s strategy planning will accommodate the Shinde faction, too, according to party insiders.
FC1512211

The Truth About Big B’s Views On ‘Brahmastra’

Contrary to media reports about Amitabh Bachchan predicting that Ranbir Kapoor-Alia Bhatt starrer Brahmastra would bomb at the box office those close to the project have maintained it is otherwise. It is learnt that the senior actor gave his suggestions and director Ayan Mukerji took Big B’s feedback seriously and reshot a few scenes. Reportedly, advance collections in Jaipur, Indore, and Patna circuits have been good. According to insiders, Bachchan is one of those actors who prefers to be on the set even if his shot is not happening at that particular time. In the case of younger lots they are ensconced in their vanity van and enter the set only when “their shot is ready”.  Big B, while waiting on the set, is known to give constructive suggestions and at times even gives cues to his co-stars if he is not in the frame. Aryan cleared the air while on an informal chat with the media that Amitji would be the first person to take his position during the shot and hang around the camera giving cues. It may be recalled that Amitabh had differences with Farhan Akhtar and Tinnu Anand while working for their films which was eventually sorted out. One of the reasons for stories doing rounds about the failure of Brahmastra could be Amitabh’s absence from its promotion.
Collage Maker-05-Sep-2022-11

Siblings As Rivals: Priyanka Gives Rahul's Rally A Miss

Congress leader Rahul Gandhi’s address at the “Halla Bol rally” against price rise on September 4 turned out to be a damp squib. Partymen found the speech tad boring as it dwelled more on Rahul’s insecurities. Like his troubles with the ED over doubtful transactions in the National Herald case involving Rs 5,000 crore scam. Instead of focusing on issues of people, Rahul talked about how he had been grilled by the ED for 55 hours. The big takeaway from the rally was that for the first time differences between Rahul and his sister Priyanka came out in the open. It was unimaginable that Priyanka skipped the rally, though some of her cut-outs were spotted at the venue. Amidst speculations whether Priyanka had returned to Delhi or not, there was a buzz how the sulking sibling had decided to finally speak her mind. It is being said in the midst of ongoing party polls, Priyanka who is in-charge of UP is keen to take over as Congress President. Both Rahul and Sonia want Priyanka to keep away. They are backing Ashok Gehlot as Congress President. Priyanka is being backed by leaders from south states that will go to assembly polls. Some of her backers like Acharya Pramod Kishan have openly batted for Priyanka as the only Congress leader who is capable of taking on PM Modi in 2024.

TRENDS & VIEWS

We Have Created A New Segment That Has Resonated Well With Readers: Short Post Editor

Nothing is more powerful than an idea whose time has come, said Victor Hugo a long time ago. I felt likewise. So instead of waiting endlessly for the Covid-19 tide to ebb, I decided to take the plunge and launch www.shortpost.in on January 28, 2021. This website, the first of its kind in the country, focuses only on short ‘Authentic Gossip’. Clearly, content is king more so if it is short & crisp (225 words), as a large section of our society is steadily shifting to digital and mobile space. To achieve this, I was fortunate to muster editorial support of some of the most senior and respected journalists in the country to bring out credible content that involves, stimulates and entertains our highly discerning readers — from across continents. We have so far uploaded close to 1,000 posts covering areas like Business, Politics, Sports, and Entertainment. Yes, today we have crossed an important milestone in our journey – #ShortPostFirstAnniversary —  and we are confident many more will follow in keeping with our stated vision – to become a one stop site for authentic gossip. So, what next?  With the third wave showing signs of slowing down things can only look better. So as the year rolls by we promise to pack in more punches. Before I sign off I would like to thank our advertiser IDFC FIRST Bank, angel investors Anuradha Verma, Ashish Kakkar and you readers for making this journey possible.