'Something big soon India': Hindenburg message raises eyebrows

News Network
August 10, 2024

Hindenburg Research, the entity which shorted Adani stocks and led to a massive crash in the conglomerate's market value, has posted a cryptic message on social media platform X, wherein it said, "Something big soon India".

Their post has already started garnering a lot of attention, with many X users slamming the short seller based on the recent Sebi show cause notice to the firm regarding the Adani issue.

"Tool kit activated to distract more from Bangladesh," one user commented.

"Like the actual Hindenburg, I find your India coverage to be mostly hot air," another said.

Adani Enterprises had decided not to proceed with a debut retail bond offering of up to Rs 1000 crore last year after US-based short-seller Hindenburg Research accused the group of improper use of offshore tax havens and stock manipulation.

Adani Group denied Hindenburg's allegations, but shares of its group companies lost more than $100 billion in value before recovering in late 2023.

Hindenburg Research had shared an advance copy of its damning report against Adani group with New York-based hedge fund manager Mark Kingdon about two months before publishing it and profited from a deal to share spoils from share price movement, according to market regulator Sebi.

The Securities and Exchange Board of India (Sebi), in its 46-page show cause notice to Hindenburg, detailed how the US short seller, the New York hedge fund and a broker tied to Kotak Mahindra Bank benefited from the over $150 billion routs in the market value of Adani group's 10 listed firms post-publication of the report.

Sebi charged Hindenburg of making "unfair" profits from "collusion" to use "non-public" and "misleading" information and induce "panic selling" in Adani Group stocks.

Hindenburg, which made public the Sebi notice, in its response, has described the show cause as an attempt to "silence and intimidate those who expose corruption and fraud perpetrated by the most powerful individuals in India" and revealed that the vehicle used to bet against Adani's flagship firm Adani Enterprises Ltd belonged to Kotak Mahindra (International) Ltd, a Mauritius-based subsidiary of Kotak Mahindra Bank Ltd. 

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coastaldigest.com news network
April 30,2025

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Mangaluru, April 30: The Netravati bridge at Jeppinamogaru, which had been closed for repair works since March 19, is set to reopen for vehicular traffic from May 2, police commissioner Anupam Agrawal announced.

Officials from the National Highways Authority of India (NHAI) confirmed that the bridge repairs are now complete. A new bearing has been installed in one of the bridge’s pillars, and all necessary structural maintenance has been carried out. Currently, the concrete curing process is in its final stages and is expected to conclude within the next two days, paving the way for the bridge to reopen as scheduled.

The closure of the old Netravati bridge had led to severe daily traffic congestion, as vehicles were diverted to the newly constructed parallel bridge on National Highway 66, where two-way traffic was temporarily permitted. Traffic jams were especially intense during peak morning and evening hours, causing vehicle queues that often stretched from Pumpwell and Kallapu to the Thokkottu flyover. Even emergency vehicles faced difficulties navigating through the gridlock.

To manage the situation, light vehicles heading towards Deralakatte and Konaje — or traveling towards Mangaluru from these areas — were diverted via the Harekala-Pavoor bridge. However, this alternate route also witnessed significant congestion during rush hours. As a result, many commuters, especially those traveling from Thokkottu, Talapady, and Kerala, were forced to start their journeys at least an hour earlier than usual.

The public had been urging authorities to expedite the repair works to ease traffic woes. With the bridge now ready to reopen, commuters can expect a significant improvement in traffic flow along the busy corridor from May 2 onward.

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coastaldigest.com news network
April 30,2025

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Mangaluru, April 30: The victim of the tragic mob lynching in Mangaluru, 36-year-old Ashraf, was assaulted for nearly two hours before his body was abandoned at the crime scene, according to sources. The incident took place near a local cricket match venue in Kudupu on April 28. The exact motive behind the attack remains under investigation. Ashraf had suffered multiple severe internal injuries, which led to his death.

Ashraf, originally from Pulpalli village in Sultan Bathery taluk, Wayanad district, Kerala, had been living in Mangaluru for the past month as a manual labourer. 

He was known to have a mild mental disability, which had caused him to wander around different areas. Abdul Jabbar, Ashraf’s brother, confirmed that Ashraf was unmarried and had no affiliations with any organization. "We had been treating his health issues for years, but his condition never fully improved," Jabbar shared. 

Despite his mental health challenges, Ashraf frequently visited family in Kerala and maintained regular contact with his brother, who provided him with essentials, including a mobile phone.

The police had initially registered the incident as an unnatural death under suspicious circumstances. However, following the autopsy, the case was reclassified as mob lynching after it was confirmed that Ashraf died from internal injuries caused by strong blows, compounded by shock and the lack of medical intervention.

In connection with the incident, 20 men have been arrested so far, with 25 suspects believed to be involved. The first person to assault Ashraf is thought to be 26-year-old autorickshaw driver T Sachin from Kudupu. Police have invoked several sections of the Bharatiya Nyaya Sanhita (BNS) related to mob violence and culpable homicide. Investigations are ongoing, with authorities collecting witness statements, CCTV footage, and mobile tower data to identify additional suspects.

Abdul Jabbar has assured full cooperation with the police as they continue to investigate the horrific attack.

‘Attempt to cover up’

Meanwhile, the Dakshina Kannada district committee of CPI(M) has accused the Mangaluru City Police Commissionerate of deliberately attempting to cover up the mob lynching. The committee claims that the FIR (First Information Report) filed in this case serves as strong evidence of the police’s efforts to obscure the truth.

“The news of the incident reached the Vamanjoor Police Station within an hour of the incident. Five hours later, police arrived at the crime scene, where they found the brutalized body of the victim. By this time, the details of the incident were clear to the police, and the news had also reached Mangaluru Police Commissioner Anupam Agrawal,” it said.

CPI(M) district secretary Muneer Katipalla alleged that the police apparently tried to weaken and possibly cover up the case due to various factors. Ravindra Nayak, a prominent BJP leader, and Manjunath, both believed to be key figures in the local political circles, are reportedly connected to the attack. The incident drew national attention, and the police were reportedly concerned that the case would cause embarrassment if it became widely known.

As part of the cover-up, Manjunath, who is said to have played a pivotal role in the mob lynching, allegedly filed a report stating that the unidentified body had been found. Despite being fully aware of the details, the police issued a lookout notice, falsely claiming that the victim may have died from falling due to intoxication or a scuffle, with only superficial injuries on his body, said Mr. Katipalla, who believes this was an effort to exonerate the real culprits and avoid further embarrassment for the local authorities.

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News Network
May 13,2025

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Srinagar: Following an unprecedented episode of intense cross-border shelling by the Pakistan Army that directly targeted the towns of Rajouri and Poonch in Jammu and Kashmir, the Indian government is moving to construct community bunkers in these towns and other vulnerable areas along the Line of Control (LoC).

While the government has, over the past decade, supported the construction of both individual and community bunkers along the LoC and the International Border (IB), towns like Rajouri and Poonch had been excluded from such initiatives. These towns were considered safe, as previous shelling incidents were largely restricted to forward villages closer to the border.

Officials now say the latest shelling marks a dangerous shift in the pattern of cross-border hostilities.

“The nature and intensity of the attack marked a significant departure from past ceasefire violations. For the first time in years, heavily populated towns like Rajouri and Poonch were directly hit,” a senior official said.

Caught unprepared, residents in both towns had little access to protective infrastructure as long-range mortar shells struck deep inside civilian areas.

“People weren’t expecting this—these towns had never been targeted before. Without bunkers, many had nowhere to go for safety,” the official added.

In response, the government now plans to build community bunkers at strategic locations throughout Rajouri and Poonch. These reinforced shelters will offer immediate protection to civilians during any future shelling incidents.

“In areas where individual bunkers aren't viable, community shelters become essential. These will provide residents with quick access to safety in emergencies,” the official noted.

The attacks have left local communities rattled.

“This is the first time shells landed so close to our homes in Poonch town,” said Abdul Rashid, a resident. “We never thought this would happen here.”

The sudden escalation has disrupted the fragile calm along the LoC, raising concerns over a potential return to more violent confrontations in the region.

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