23-yr-old techie crushed to death by water tanker after hoarding falls on her

Agencies

September 13, 2019

Chennai, Sept 13: Twenty-three-year-old Subashree working in a software company was run over by a water tanker as she fell down on the road when an illegal life size hoarding put up by a ruling AIADMK functionary fell on her on Thursday.

Even though the Madras High Court had banned hoardings in public places, an AIADMK party official C. Jayagopal had put up the banner at the centre of the busy Pallavaram-Thoraipakkam Radial Road.

Subashree was returning home from office when the accident happened.

The banner had the images of Chief Minister K. Palaniswami, Deputy Chief Minister O. Panneerselvam, late Chief Minister J. Jayalalithaa and others for a family wedding.

Panneersevlam had attended that wedding.

Expressing his condolence for Subashree's death DMK President M.K.Stalin tweeted: "How many lives have to be sacrificed for such arrogance of power."

He said, an illegal hoarding had killed Subashree owing to government's carelessness, irresponsibility of the officials and the inability of the police.

Action has been initiated against the people who had installed the banner and have arrested the tanker driver for rash driving, the police said.

The Chennai Corporation has sealed the printing press that printed the banner.

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Adani Group in Crisis: $30 Billion Wiped Out after US Bribery and Fraud Charges Emerge

News Network

November 21,2024

Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises tumbled 23 per cent, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC , Ambuja Cements and NDTV fell between 20 per cent and 90 per cent.

Adani group's 10 listed stocks had a total market capitalisation of about $141 billion at 0534 GMT, compared to $169.08 billion on Tuesday.

US authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani Green in a statement on Thursday said the US Justice Department had issued a criminal indictment against board members Gautam Adani and Sagar Adani and the Securities and Exchange Commission had issued a civil complaint against them.

The US Justice Department also included Adani Green board member Vneet Jaain in the criminal indictment, it said.

Adani Green's units had decided not to proceed with the proposed US dollar denominated bond offerings due to developments, it added.

"Investors will shy away from Adani Group stocks ... and that's what this sharp selling is signifying," said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

"This could hurt the credibility of the group and maybe borrowing costs will rise," he said.

The indictment comes nearly two years after US shortseller Hindenburg Research alleged that Adani had improperly used tax havens and was involved in stock manipulation, allegations the conglomerate denied.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.

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