PM Modi conferred with 'Order of the Nile' – Egypt’s highest state honour

News Network
June 25, 2023

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Cairo, June 25: Prime Minister Narendra Modi has been conferred with 'Order of the Nile' award in Cairo by Egyptian President Abdel Fattah al-Sisi. ‘Order of the Nile’ is Egypt's highest state honour. PM Modi arrived in Cairo of Egypt on Saturday for a two-day State visit – a first bilateral visit by any Indian prime minister in the past 26 years -- during which the two countries seek to enhance their strategic partnership.

PM Modi is visiting Egypt at the invitation of Egyptian President El-Sisi. PM Modi was received by Egypt’s Prime Minister Mostafa Madbouly who welcomed him with a warm embrace.

Upon his arrival, PM Modi was accorded a ceremonial welcome and a Guard of Honour. After landing in Cairo, PM Modi tweeted: “I am confident this visit will strengthen India’s ties with Egypt…I thank Prime Minister Mostafa Madbouly for the special gesture of welcoming me at the airport. May India-Egypt ties flourish and benefit the people of our nations."

An enthusiastic Indian diaspora welcomed the prime minister to the chants of 'Modi, Modi' and 'Vande Mataram' as he arrived at his hotel in Cairo. An Egyptian woman dressed in a saree greeted PM Modi with 'Yeh Dosti Hum Nahi Chhodenge' from the movie 'Sholay', which the prime minister listened to carefully and also appreciated her.

Later on Saturday, PM Modi met the India Unit, a group of Egyptian ministers led by PM Mostafa Madbouly and discussed deepening trade and economic relations with Egypt.

During the meeting, the talks were focussed on range of areas including “trade and investment, renewable energy, green hydrogen, IT, digital payment platforms, pharma and people to people ties."

After the roundtable with his Egyptian counterpart, PM Modi interacted with the members of the Indian community. Later, PM Modi met the Grand Mufti of Egypt, Shawky Ibrahim Abdel-Karim Allam. With him, PM Modi discussed extremism and radicalisation.

PM Modi has also met some prominent personalities in Egypt. PM Modi met “Hassan Allam, CEO of Hassan Allam Holding Company, one of the largest Egyptian companies operating in the Middle East & North African region" who later said he found the prime minister to be an “unbelievable man, wise, humble and with great vision."

On Sunday, PM Modi visited the Al-Hakim Mosque in Cairo and spent nearly half an hour there.

PM Modi has also met Egyptian President Abdel Fattah El-Sisi to discuss a strategic partnership between the two countries.

Later on Sunday, PM Modi has also visited the Heliopolis War Grave cemetery to honour the Indian soldiers who laid down their lives fighting for Egypt during the First World War. Paying a floral tribute, PM Modi signed the visitor's book at the Cemetery. Prime Minister Modi will engage with the Indian diaspora residing in Egypt.

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News Network
November 18,2024

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Mangaluru: The Ullal police have arrested Manohar, the owner of Vazco Beach Resort, and its manager Bharath in connection with the drowning of three college girls from Mysuru at the resort’s swimming pool on November 17.

City Commissioner of Police Anupam Agrawal confirmed the arrests, stating that a case has been registered under Section 106 of BNS. The bodies of the victims, all in their twenties, have been handed over to their parents. The women had arrived at the resort for a weekend getaway on November 16.

Following the tragic incident, the resort was sealed by officials led by Mangaluru Assistant Commissioner Harshavardhan. The trade license of the resort, issued on June 13, 2024, has been suspended, and the tourism department has temporarily revoked the resort's registration. These actions prohibit the resort from engaging in any tourism-related activities until further notice.

Someshwara TMC Chief Officer stated that the suspension was due to the resort's failure to implement adequate safety measures, which resulted in the loss of three lives. Further investigations are underway.

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News Network
November 10,2024

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Mangaluru: A tragic accident took place on Saturday at Chembugudde near Thokkottu, claiming the life of a 47-year-old woman after a tanker lorry ran over her. The victim, identified as Rahmat H Rashid, was riding pillion with her husband, Abdul Rashid G, on their scooter. 

The couple was traveling from Yenepoya Hospital to Bajpe when the scooter skidded on the poorly maintained road. Rahmat fell onto the road and was fatally struck by a tanker lorry that was coming from behind. Despite being rushed to the hospital, doctors declared her dead upon arrival.

The incident prompted a swift response from the DYFI Ullal Taluk Committee, which staged a protest on Saturday night, condemning the unsafe condition of the road. Nithin Kuthar, president of the committee, criticized MLA and Legislative Assembly Speaker UT Khader for failing to ensure safe infrastructure, despite touting the road as toll-free. 

Kuthar demanded immediate repairs, warning that the committee would march to the MLA’s office with black flags if the road is not fixed within a week.

Former DYFI State President Sunil Kumar Bajal also voiced frustration over the deteriorating condition of Thokkottu market, highlighting the struggles people face while crossing roads riddled with dangerous potholes. In response to public outcry, temporary repairs were made to the road at Chembugudde on Sunday, though locals remain wary and demand a more permanent solution. 

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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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