Report Wire

Category: Sports

  • Hindenburg Now Trains Guns On Sebi Chief Madhabi Buch, Says Had Stakes In Offshore Funds Linked To Adani | Economy News

    New Delhi: Hours after teasing a cryptic post on As per the Hindenburg Research documents, market regulator Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch and her husband Dhaval Buch had stakes in in offshore funds linked to the Adani Group.

    NEW FROM US:

    Whistleblower Documents Reveal SEBI’s Chairperson Had Stake In Obscure Offshore Entities Used In Adani Money Siphoning Scandalhttps://t.co/3ULOLxxhkU

    — Hindenburg Research (@HindenburgRes) August 10, 2024

    The Hindenburg latest report, citing Whistleblower Documents, said that it showed “Madhabi Buch, The Current Chairperson of SEBI, And Her Husband Had Stakes In Both Obscure Offshore Funds Used In The Adani Money Siphoning Scandal.”

    “It has been nearly 18 months since our original report on the Adani Group presented overwhelming evidence that the Indian conglomerate was operating “the largest con in corporate history”. Our report exposed a web of offshore, primarily Mauritius-based shell entities used for suspected billions of dollars of undisclosed related party transactions, undisclosed investment and stock manipulation,” Hindenburg report mentions, which was published on its website on Saturday.

    As per the Hindenburg report, Madhabi Buch and her husband first appear to have opened their account with IPE Plus Fund 1 on June 5th, 2015 in Singapore. “We had previously noted Adani’s total confidence in continuing to operate without the risk of serious regulatory intervention, suggesting that this may be explained through Adani’s relationship with SEBI Chairperson, Madhabi Buch.

    What we hadn’t realized: the current SEBI Chairperson and her husband, Dhaval Buch, had hidden stakes in the exact same obscure offshore Bermuda and Mauritius funds, found in the same complex nested structure, used by Vinod Adani,” added the report. A declaration of funds, signed by a principal at IIFL reportedly states that the source of the investment is “salary” and the couple´s net worth is estimated at $10 million, said the report.

    Zee is awaiting comments from SEBI, following which the story will be updated.

  • Paris Olympics 2024: Whether Vinesh Phogat will get silver or not, CAS will give decision on appeal on this day

    Paris Olympics 2024: Indian female wrestler Vinesh Phogat was disqualified just before the 50 kg freestyle gold medal match at the Paris Olympics 2024 due to being 100 grams over the prescribed weight limit. After this decision, while the Indian Olympic Association lodged a strong objection, Vinesh was also very disappointed. Vinesh Phogat had appealed to the Court of Arbitration for Sports (CSA) regarding this decision that she should be given at least a silver medal, on which a big update has now come.

    Actually, the hearing of Vinesh Phogat’s case has been completed, but the verdict has not been announced. The date of decision on the case has been extended. Now the verdict in this case will come on August 11 at 9:30 PM Indian time.

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  • Watch: Terrifying Plane Crash In Brazil Captured On Video With 62 Aboard Voepass Flight 2283 | aviation news

    A plane carrying 62 people crashed in Vinhedo, Brazil, with a shocking video capturing the moment of the accident. The aircraft, which had a capacity of 68 passengers, was identified as Voepass Flight 2283. According to GloboNews, the plane was en route from Cascavel to São Paulo.

    BNO News released footage showing the plane descending to the ground. São Paulo’s state fire brigade confirmed the crash on social media, stating that seven emergency crews were dispatched to the site.

    watch video

    BREAKING: Voepass Flight 2283, a large passenger plane, crashes in Vinhedo, Brazil pic.twitter.com/wmpJLVYbB3 — BNO News (@BNONews) August 9, 2024

    The flight, which took off from Cascavel at 11:50 am, was scheduled to arrive in São Paulo at 1:40 pm. The aircraft involved was an ATR ATR-72, according to FlightAware.

    In May 2023, a small aircraft crashed into a river near Santarem in the Amazon region, killing all five people on board. The plane was on a regional flight within Pará state. Result: The accident underlined the challenges of air travel in Brazil’s vast and remote areas, where aviation is often the only viable mode of transportation.

    In November 28, 2016, a chartered flight carrying the Brazilian football team Chapecoense crashed in Colombia, killing 71 of the 77 people on board. The crash was attributed to fuel exhaustion. The team was en route to play in the final of the Copa Sudamericana.

  • Paris Olympics 2024: Aman Sehrawat Wins Bronze Medal For India In 57kg Wrestling Category | Other

    Indian wrestler Aman Sehrawat defeated Cruz on Friday (August 9) at the Paris Olympics 2024 with a scoreline of 13-5 to win bronze medal for his country. Earlier, Aman Sehrawat met Japanese top seed Rei Higuchi in the last-four round and got thrashed by technical superiority. Aman was dominated by the Japanese wrestler in the 57kg free-style semifinal on Thursday (August 8). Within just two minutes of the first period, Japan’s Higuchi Rei finished the game in the semifinal making the job too much easier for the officials and himself qualifying for the finals.

    READ – (7 Longest Javelin Throws In History Of Olympics)

    In quarter-finals, Aman Sehrawat demolished former world champion Zelimkhan Abakarov of Albania by technical superiority to seal a place in the 57kg free-style semifinal. Aman showed tremendous rhtyhm as he toyed with the Albanian in the second round. The 21-year-old Wrestling star of India locked his legs at the start of the second round and turned him over multiple times to earn eight straight points to secure a 12-0 victory.

  • 5-Star Safety and 23+ kmpl Mileage: Discover India’s Most Affordable Diesel Car | auto news

    Most Affordable Diesel Car In India: Tata Motors offers a strong portfolio of petrol, diesel, CNG, and electric cars. This range includes hatchbacks, compact sedans, compact SUVs, and mid-sized SUVs. While the Indian Automobile industry losing hope on diesel cars, Tata Motors is still one of the OEMs that is betting high on diesel engines, offering its flagship SUVs — Tata Safari & Harrier — only with diesel units. Notably, Tata Motors also offers the most affordable diesel car in the country, the Tata Altroz.

    Tata Altroz: Competition

    The Tata Altroz ​​competes directly with the Maruti Suzuki Baleno, which comes with a single 1.2-liter petrol engine, while the Altroz ​​offers three engine options: two petrol and one diesel. However, there is a significant difference in the sales of these two models. The Baleno is one of the best-selling cars in the country, while the Altroz ​​lags far behind in sales.

    Tata Altroz ​​Diesel: Price

    The Tata Altroz ​​starts at Rs 6.65 lakh and goes up to Rs 10.80 lakh (ex-showroom) for the top variant. However, the diesel variants start at Rs 8.90 lakh (ex-showroom). The base variant with diesel fuel is the XM Plus Diesel.

    Tata Altroz: Engine Options

    The Altroz ​​offers three engine options: a 1.2-liter naturally aspirated petrol, a 1.2-liter turbocharged petrol, and a 1.5-liter diesel engine. All three come with a 5-speed manual gearbox as standard. The 1.5-liter diesel engine generates 90PS @ 4000rpm and 200Nm @ 1250-3000rpm. It offers a claimed mileage of 23.64 kmpl.

    Tata Altroz: Features

    The Altroz ​​is equipped with a range of features, including a 7-inch touchscreen infotainment system, semi-digital instrument cluster, ambient lighting, cruise control, single-pane sunroof, automatic climate control, height-adjustable driver seat, power windows, leather steering wheel, leather seats, adjustable headlights, fog lights (front and rear), rear defogger, rain-sensing wipers, and alloy wheels (14-16 inches).

    Tata Altroz: Safety

    It’s a 5-star safety-rated car. The Global NCAP has awarded it a 5-star safety rating in its crash tests. It includes features such as dual front airbags, ISOFIX child-seat anchors, auto park lock (only for DCT), and rear parking sensors.

  • Paris Olympics 2024: Neeraj Chopra missed gold in the final of javelin throw, won silver medal, gold won by Arshad Nadeem of Pakistan

    Javelin Throw Final: Tokyo Olympics gold medalist Indian athlete Neeraj Chopra could not repeat his performance in Paris and had to settle for the silver medal by finishing second. Neeraj was able to throw correctly in only one out of 6 attempts. The remaining 5 throws were his fouls. Neeraj Chopra threw 89.45 meters in his second attempt. At the same time, Arshad Nadeem of Pakistan won the gold medal by throwing the farthest throw of 92.97 meters.

    Let us tell you that even though Neeraj had to settle for a silver medal in this final, a big record was registered in his name despite this. Neeraj Chopra has become the first Indian athlete to win two consecutive Olympic medals in track and field. Neeraj Chopra has won a medal in the second consecutive Olympics.

    In today’s final match, Neeraj and Nadeem started with a foul, but Pakistan’s Nadeem strengthened his claim by breaking the Olympic record in the second attempt. Neeraj also gave his best performance of this season (89.45 meters) in the second attempt, but he could not go ahead of Nadeem.

    Neeraj could make just one successful attempt and fouled five out of six, while Nadeem threw 91.79 meters in the sixth attempt. This was the second time in this match that Nadeem threw more than 90 meters. Grenada’s Anderson Peters finished third with a best throw of 88.54 meters.

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  • Tata Motors Reaffirms Long-Term Confidence In EV Segment Despite Sales Dip | auto news

    Electric Vehicles In India: Tata Motors on Wednesday said it remains confident about the long-term prospects of the electric vehicle segment and termed the fall in sales numbers a “short-term” issue. Shailesh Chandra, Managing Director of Tata Motors Passenger Vehicle and Tata Passenger Electric, said “EV industry is a part of the larger PV trend that we are seeing of overall demand stress, which I would say is of a temporary nature.” The good thing is that inquiries and bookings are holding well, he said.

    There was a very high base effect of the first quarter also, he said, and added that “therefore there’s a larger industry trend also impacting (the sales) but primarily EV has come down because of the fleet segment.”

    “So, I don’t see an issue from a mid-to-long term as far as EVs are concerned,” Chandra said. The passenger electric vehicle sales for Tata Motors and other OEMs have been on a declining trend for the last four months.

    According to automobile dealers’ body FADA, passenger electric vehicle sales in July dipped 2.92 per cent year-on-year to 7,541 units from 7,768 units in the same month last year, with market leader Tata Motors seeing a 12 per cent decline at 4,775 units. as against 5,471 passenger electric cars retailed in July 2023.

    He said that the personal segment is absolutely stable in demand but the fleet segment came down completely in the first quarter because of the pre-buying in the March quarter due to the discontinuation of the FAME-11 scheme, which is 20 per cent of our total sales.

    “That was the whole reason and there is a high-base effect of last year,” he added. Chandra said that the barriers which existed two years back when the EVs were growing at 100-200 per cent, were much higher as compared to now from a charging, price or range anxiety perspective.

    Today there are 15,000-16,000 EV charges on the highways as compared to a few hundred that were there earlier, Chandra said. “So why there should be any concern,” he said.

    “So I believe that it’s a short-term issue and we should not bother too much about (the declining sales numbers). The long-term trend has to be EV and therefore one should be very confident and focused on that,” he said. while referring to a 12 per cent year-on-year decline in EV sales in July 2024.

    Chandra said that the regulations are also being framed in a manner that promotes the EV industry. He said that hopefully the FAME-III incentives should also be able to accommodate and continue what was in the earlier version of the scheme in terms of the category of vehicles.

    Tata Motors’ passenger electric portfolio now comprises Tiago EV, Tigor RV, Punch EV, Nexon, and Curvv EV. Moreover, EV sales account for 12 percent of the company’s total sales. Chandra said that the company is looking to achieve one-lakh electric vehicle sales this financial year.

  • IND vs SL 3rd ODI: Sri Lanka Thrashes India By 110 Runs To Win ODI Series 2-0 For First Time In 27 Years | cricket news

    IND vs SL: In a disappointing end to their three-match series against Sri Lanka, India fell short once again, losing the 3rd ODI by 110 runs. Sri Lanka, having posted a total of 248/7, successfully defended their score as India collapsed for just 138 runs in Colombo. Dunith Wellalage was the standout performer for Sri Lanka, delivering a match-winning five-wicket haul. His impressive bowling performance included the crucial wicket of Kuldeep Yadav, sealing India’s fate. Wellalage’s ability to dismantle India’s batting lineup was a key factor in Sri Lanka’s dominant display.

    India’s batting woes were evident throughout the series, with only Rohit Sharma providing any significant resistance. Despite his efforts, the Indian batting order struggled against Sri Lankan bowlers, failing to chase targets of less than 250 runs in both matches they lost. This series defeat highlights major concerns for the Indian team as they approach the Champions Trophy.

    Sri Lanka’s victory in the 3rd ODI means they win the series 2-0, showcasing their strength and preparation ahead of upcoming international fixtures. The Indian team, on the other hand, will need to address their batting frailties and enhance their strategies if they are to perform better in future tournaments.

    As the series concludes, the Indian team faces intense scrutiny and pressure to regroup and refine their approach before the Champions Trophy. Sri Lanka, meanwhile, will look to build on this successful series and maintain their momentum in upcoming contests.

  • Electric Vehicle Sales Rose 55.2% To 1.79 Lakh Units In July: FADA | auto news

    Electric Vehicle Sales In July 2024: Electric vehicle sales registered a 55.2 per cent year-on-year growth at 1,79,038 units in July driven by a massive 96 per cent jump in e-two-wheeler sales, automobile dealers’ body FADA said. on Tuesday. The total electric vehicle sales for July 2023 were at 1,16,221 units, according to the monthly sales data from Federation of Automobile Dealers’ Association (FADA).

    The electric two-wheeler sales during the previous month stood at 1,07,016 units, up 95.94 per cent, from 54,616 units sold in July last year, while the electric three-wheeler sales grew 18.18 per cent at 63,667 units, from 58,873 units year. earlier, as per FADA.

    The commercial vehicle sales during the reporting month was also on an upward trajectory, growing two-fold on a year-on-year basis to 816 units, from 364 commercial vehicles sold in July 2023, it stated.

    Passenger vehicles, however, declined 2.92 per cent at 7,541 units in July, as against 7,768 units in the same month of last year, as per data.

    “The rising market share in the 2W and 3W EV segments for July 2024, with YoY growth rates of 95.94 per cent and 18.18 per cent respectively, and a market share of 7.4 per cent and 57.6 per cent, respectively for the month, is a clear indication of the growing acceptance and demand for electric vehicles in India,” FADA President Manish Raj Singhania said.

    The PV segment, while showing a marginal year-on-year decline of 2.92 per cent, maintains a market share of 2.4 per cent, Singhania said, adding that the CV segment has shown remarkable growth with a year-on-year increase of 124.2. per cent and a current (July) market share of 1.02 per cent.

    The combination of attractive discounts and the anticipation of the discontinuation of the EMPS (Electric Mobility Promotion Scheme), despite its extension, has significantly boosted sales, he said.

    Announced by the Ministry of Heavy Industries in March, for a four months period-April 1,2024 to July 31,2024 to boost the adoption of EVs across the country with a total outlay of Rs 500 crore, the EMP scheme has now been extended. by September 30, while the scheme’s outlay has also been increased to Rs 778 crore.

  • Paris Olympics 2024: Germany beat India 3-2 to make it to the final, now Team India will face Spain for bronze

    Paris Olympics 2024: Germany has made it to the final of the Paris Olympics by defeating the Indian men’s hockey team in the semi-final match. Germany defeated India by a margin of 3-2 in this match and made it to the gold medal match. Germany will face the Netherlands in the final, which defeated Spain in another semi-final. Although the Indian team could not qualify for the gold medal match, the Harmanpreet Singh-led team will have a chance to win the bronze medal. India will face Spain for bronze.

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