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☆ In Kashmir, Tourists Return but Tensions Simmer
▼ + stars: | 2023-05-30 | by ( Shan Li | ) www.wsj.com time to read: 1 min

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☆ In India’s Landmark Same-Sex Marriage Case, Arguments Span Equality, Family, Religion
▼ + stars: | 2023-04-29 | by ( Shan Li | ) www.wsj.com time to read: 1 min

NEW DELHI—In landmark hearings before India’s Supreme Court, a series of petitioners are arguing for the expansion of marriage rights to millions of LGBTQ people in the world’s most populous nation, but are facing opposition from the country’s socially conservative government. The closely watched proceedings, which began mid-April, come five years after the court decriminalized gay sex. Its other rulings over the past decade have brought rights of gay, lesbian and transgender people to the forefront, including one in 2014 that recognized transgender people as a third gender. In 2017, the court said privacy, including a person’s sexual orientation, is a constitutional right for all.

☆ India’s Population to Surpass China’s by Midyear
▼ + stars: | 2023-04-19 | by ( Shan Li | ) www.wsj.com time to read: 1 min

A nurse checks on a newborn at a hospital in Patiala, India. India’s population is expected to continue growing over the next four decades. Photo: Elke Scholiers/Getty ImagesNEW DELHI—The United Nations, in a report about global population trends released Wednesday, said India would overtake China as the world’s most populous country by midyear. India will have 1.4286 billion people by July 1, surpassing China’s population of 1.4257 billion by nearly three million people, according to the U.N. report. China’s data doesn’t include the populations of Hong Kong, Macau or Taiwan.

☆ Norwegian wealth fund seeks Credit Suisse boardroom shake-up
▼ + stars: | 2023-04-02 | by ( ) www.reuters.com time to read: +1 min

[1/2] Chairman of the Board of Directors of Credit Suisse, Axel Lehmann, attends a news conference after UBS's takeover offer, in Bern, Switzerland, March 19, 2023. REUTERS/Denis Balibouse/File PhotoApril 2 (Reuters) - Norges Bank Investment Management will vote against the re-election of Credit Suisse (CSGN.S) Chair Axel Lehmann and six other directors at the Swiss lender's annual general meeting on Tuesday, the Norwegian wealth fund said on its website. "Shareholders should have the right to seek changes to the board when it does not act in their best interest," the Norges wealth fund said ahead of the April 4 meeting. In addition to Lehmann, Norges is also opposing re-election of Credit Suisse directors Iris Bohnet, Christian Gellerstad, Shan Li, Seraina Macia, Richard Meddings and Ana Pessoa. Credit Suisse declined to comment and UBS did not immediately respond to a request for comment.

☆ Behind Adani Deals, an ‘Elusive’ Elder Brother
▼ + stars: | 2023-03-25 | by ( Shan Li | ) www.wsj.com time to read: 1 min

Adani Group has denied allegations by a short seller that it committed fraud or stock manipulation. Gautam Adani is the public face of Adani Group, the sprawling Indian conglomerate that has been accused by an American short-seller firm of stock manipulation and accounting fraud. Behind the scenes, another family member has played a pivotal role in the company—and the activities that critics say misled investors: his elder brother, Vinod Adani .

☆ India’s Economy Slows Amid Sluggish Consumer Demand, High Inflation
▼ + stars: | 2023-02-28 | by ( Vibhuti Agarwal | Shan Li | ) www.wsj.com time to read: 1 min

Some restaurant owners in India say fewer diners are coming through their doors after an initial bump last year. NEW DELHI—India’s economy grew 4.4% in the October-to-December quarter from a year earlier, weighed down by sluggish consumer demand and high inflation. The gross domestic product figure released Tuesday for the fiscal third quarter shows a slowing of growth compared with the preceding two quarters. The economy climbed 6.3% in the period from July to September and 13.2% in the April-to-June quarter.

One of the large shareholders of Adani Power, the energy firm at the core of Indian billionaire Gautam Adani’s business empire, is an offshore company called Opal Investment Pvt. Ltd.Adani Power described Opal in its latest quarterly report as an independent shareholder that has no ties to the ports-to-power conglomerate beyond its 4.69% stake in Adani Power.

AHMEDABAD, India— Gautam Adani is ubiquitous in this country. His name is plastered on roadside billboards and on the airports and shipping docks he operates. His power plants light Mumbai office towers and irrigate rural fields, fueled by coal he imports from mines as far away as Australia. He recently expanded into defense and media.

☆ Selloff in Adani Group Stocks Wipes Out $47 Billion in Market Value
▼ + stars: | 2023-01-27 | by ( Weilun Soon | Shan Li | ) www.wsj.com time to read: 1 min

The Bombay Stock Exchange in Mumbai. The benchmark Nifty 50 index, which includes two Adani companies, fell to a three-month low Friday. Shares of several companies linked to India’s richest man, Gautam Adani , fell sharply Friday, losing tens of billions of dollars in market value after a U.S. short seller’s allegations of fraud at his sprawling conglomerate continued to unnerve investors. Five of the seven listed Adani Group companies ended the day 16% to 20% lower, and the other two fell by the maximum 5% permitted by India’s exchanges for their stocks. The market’s benchmark Nifty 50 index, which includes two Adani companies, fell to a three-month low.

☆ Adani Group Calls Fraud Allegations Baseless, Bemoans Stock Moves
▼ + stars: | 2023-01-26 | by ( Shan Li | Weilun Soon | ) www.wsj.com time to read: 1 min

The energy and infrastructure conglomerate controlled by Gautam Adani , India’s richest man, said stock-market moves that followed allegations of fraud outlined in a report by short seller Hindenburg Research had created anguish for Indian citizens. Adani Group ‘s seven listed companies lost a total of $10 billion in market value on Wednesday after New York-based Hindenburg accused the Indian conglomerate of wide-ranging fraud, including the use of shell companies to manipulate its share prices. Prices of U.S. dollar bonds issued by some of those companies also fell.

☆ At Least 68 Killed in Nepal Plane Crash
▼ + stars: | 2023-01-16 | by ( Krishna Pokharel | Shan Li | ) www.wsj.com time to read: 1 min

A plane crashed into a river gorge in central Nepal on Sunday, killing at least 68 people and sending Nepalese authorities into a scramble to determine what brought the aircraft down. The Yeti Airlines turboprop hit the gorge of the Seti River about a mile from its destination, Pokhara International Airport, according to Brig. Gen. Krishna Prasad Bhandari, the spokesman for the Nepalese army. Photos and TV footage showed black plumes of smoke and fire at the site, with crowds swarming around the wreckage.

☆ Nepal Plane Crash Kills Dozens, Some Remain Missing
▼ + stars: | 2023-01-15 | by ( Krishna Pokharel | Shan Li | ) www.wsj.com time to read: 1 min

A plane carrying 72 people crashed into a river gorge in central Nepal on Sunday, killing at least 62, according to a spokesman for the Nepalese army. The Yeti Airlines aircraft went down in the gorge of the Seti River about a mile away from Pokhara International Airport, according to Brig. Gen. Krishna Prasad Bhandari, the army spokesman. Photos and TV footage showed black plumes of smoke and fire at the site, with crowds swarming around the wreckage.

☆ Nepal Plane Crash Kills Dozens, Many Remain Missing
▼ + stars: | 2023-01-15 | by ( Krishna Pokharel | Shan Li | ) www.wsj.com time to read: 1 min

A plane carrying 72 people crashed into a river gorge in central Nepal on Sunday, killing at least 29, according to a spokesman for the Nepalese army. The Yeti Airlines aircraft went down in the gorge of the Seti River about a mile away from Pokhara International Airport, according to Brig. Gen. Krishna Prasad Bhandari, the army spokesman. Photos and TV footage showed black plumes of smoke and fire at the site, with crowds swarming around the wreckage.

☆ India Economic Growth Slows to 6.3% as Inflation, Global Headwinds Weigh
▼ + stars: | 2022-11-30 | by ( Vibhuti Agarwal | Shan Li | ) www.wsj.com time to read: 1 min

India’s gross domestic product grew 6.3% from July to September as global pressures on prices and supply chains, along with economic downturns in the U.S. and European Union, slowed its economic recovery. In April to June, the economy grew 13.5% from a year earlier, benefiting from the easing of covid restrictions, and from a comparison to a quarter in which India’s economy was hit hard by a fierce wave of the illness.

☆ Indian Prime Minister Narendra Modi’s Gujarat State Heads to the Polls
▼ + stars: | 2022-11-29 | by ( Shan Li | Krishna Pokharel | ) www.wsj.com time to read: 1 min

GANDHINAGAR, INDIA—Gujarat, the home state of Indian Prime Minister Narendra Modi , will vote in state assembly elections starting this week, offering a barometer of the endurance of Mr. Modi’s personal appeal ahead of national elections in 2024 in which he will run for a third term. The Bharatiya Janata Party has ruled in the western coastal state for 27 years, and there is little doubt of another victory, but the party is leaving little to chance after a surprisingly tough challenge from its rival, the Indian National Congress Party, in 2017. Top BJP leaders were also stung by the party’s defeat in West Bengal last year after it poured money and resources into winning state elections there, analysts said.

☆ India Successfully Test Launches Its First Privately Developed Rocket
▼ + stars: | 2022-11-18 | by ( Shan Li | Vibhuti Agarwal | ) www.wsj.com time to read: 1 min

The Vikram-S rocket blasted off at around 11:30 a.m. local time from the Sriharikota spaceport, reaching an altitude of 55.6 miles. India tested its first privately developed rocket on Friday with a successful suborbital launch that marks a step forward in the country’s push to develop a commercial space industry. The Vikram-S rocket, which was developed by the startup Skyroot Aerospace, blasted off at around 11:30 a.m. local time from the Sriharikota spaceport off the southern Indian state of Andhra Pradesh. It reached an altitude of 89.5 kilometers (55.6 miles), with all of the rocket’s systems working as planned, the company said.

☆ India’s Congress Party Ruled for Decades—Now It’s on Life Support
▼ + stars: | 2022-10-14 | by ( Rajesh Roy | Shan Li | ) www.wsj.com time to read: 1 min

GUWAHATI, India—One of the most powerful political figures in the northeastern state of Assam spent two decades rising through the ranks of the Indian National Congress. But now Himanta Biswa Sarma governs his home state as a member of the ruling Bharatiya Janata Party. Mr. Sarma says he left Congress after losing faith in the party’s direction under Rahul Gandhi , the scion of the country’s once powerful political dynasty. In the seven years since he left, Mr. Sarma has ascended to the state’s top job—the role of chief minister—and has helped the BJP gain control of the state.

The Sinaloa and Jalisco organizations have taken over from Chinese sellers as a dominant source of the potent synthetic opioid, a leading cause of the U.S.’s record overdoses. Among the reasons, it is easier and less expensive to produce than heroin.

☆ FOTO // Cum arată castelul de 1,1 milioane de Euro al fostului procuror Ștefan Șaptefrați
▼ + stars: | 2020-09-11 | by ( Dan Vizitiu | ) telegraph.md time to read: +9 min

Imobilul prezintă o construcție inginerească cu reparație calitativă și design deosebit, cu suprafața generoasă de 250 mp și teren aferent de 12 ari”. ZdG a relatat despre cum Pavel Șaptefraț, unul dintre fiii lui Ștefan Șaptefraț, a împrumutat, fără a întoarce, zeci de mii de euro, dolari și lei moldovenești. Conform ultimei sale declarații de avere și interese, Ștefan Șaptefraț era unul dintre cei mai prosperi acuzatori de stat. În declarațiile de avere și interese din anii 2015-2016, Ștefan Șaptefraț indica și alte bunuri de milioane, care însă au dispărut din declarațiile cele mai recente. În acest imobil are viza de reședință și Pavel Șaptefraț, fiul cu datorii al cuplului Ștefan Șaptefraț şi Elena Cobzac.

Persons: Ștefan Șaptefrați, Maria, Șaptefraț, Ștefan, Constantin Leșco, ., Ion, Ludmila Cernov, Victor, Vera, Ștefan Șaptefraț, ZdG, Pavel Șaptefraț, Ştefan Şaptefraţ, Şaptefraţ, Cobzac Organizations: Transport, Capital, International Group, Volvo Locations: Chișinău, Tohatin, Dumbrava, Ciocana, Capitalei, SUA, Chişinău, Sarmizegetusa, Mileștii Mici, Ialoveni, Şaptefraţ, Procuratura Soroca

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