Elon Musk’s X reveals India’s Modi govt issued 'executive orders' to withhold specific accounts, posts

News Network
February 22, 2024

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The global affairs team of Elon Musk's X (formerly Twitter) in a post shared on Thursday revealed that the Prime Minister Narendra Modi-led Indian government had issued "executive orders" asking the platform to take actions against specific accounts and posts.

In compliance with the government's orders, the social media giant announced they would be withholding these accounts and posts in India, despite the platform's disagreement with the move.

"We will withhold these accounts and posts in India alone; however, we disagree with these actions and maintain that freedom of expression should extend to these posts," the post read.

X said that while they had already provided the affected users with a notice as per their policies, they are yet to file a petition challenging the government's blocking orders.

Even though the platform acknowledged that making the executive orders public was essential for transparency, they were unable to do so owing to legal restrictions.

"This lack of disclosure can lead to a lack of accountability and arbitrary decision-making," the post concluded.

It is significant to not that in 2022 when Elon Musk took over Twitter (now X), India clarified that it would expect the platform to adhere with the policies of the country irrespective of who owns it.

"Our rules and laws for intermediaries remain the same regardless of who owns the platforms," Rajeev Chandrasekhar, India’s minister of state for electronics and information technology had said. "So, the expectation of compliance with Indian laws and rules remains," Chandrasekhar had further clarified.

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News Network
November 21,2024

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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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News Network
November 14,2024

Bengaluru: Karnataka Deputy Chief Minister D K Shivakumar on Thursday backed Chief Minister Siddaramaiah over his claim that the BJP had offered Rs 50 crore each to 50 Congress MLAs in an attempt to "topple" the state government.

Addressing reporters here, Shivakumar, also the Congress state president, said, “The BJP indeed lured 50 Congress MLAs with Rs 50 crore each.”

He defended Siddaramaiah’s statement and said the Congress MLAs were briefed about the BJP’s alleged 'Operation Lotus', a term used to describe the BJP's attempts to destabilise ruling governments through horse-trading.

“Some of our MLAs informed the Chief Minister about this matter, and he, in turn, shared it with the media,” Shivakumar said.

At an event in Mysuru, Siddaramaiah reiterated the claim that "none of the Congress MLAs had accepted the offer".

He also accused the BJP of filing false cases against him in a bid to "remove him and overthrow his government".

The BJP has yet to respond to the allegations.

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