Indian drone invaded China’s airspace, crashed, alleges Chinese media

Agencies
December 7, 2017

Dec 7: The Chinese state media has alleged that an Indian drone invaded its airspace and crashed. However, no details were furnished on when and where the incident took place.

A senior Chinese defence official was quoted by China-based Xinhua news agency as saying that the Chinese border troops "took a professional and responsible attitude" and carried out identification verification of the device.

The official was also quoted as saying that the alleged move by India violated China’s territorial sovereignty, as he expressed his “dissatisfaction and opposition”.

On Wednesday, Chinese publication Global Times had accused India of attempting to put US against China’s increasing naval capabilities.

Hu Zhiyong, a research fellow at the Institute of International Relations of the Shanghai Academy of Social Sciences, has said that India is provoking the US by projecting Chinese People Liberation Army (PLA) navy as a direct rival of the Americans. "The Indian media is exaggerating the rise of our naval power, as China has made clear that the development of maritime power is to protect the security of sea lanes. And the rise of the PLA navy will never affect freedom of navigation," he said.

While an increasing number of countries - especially in south and south-east Asia - suspect China of trying to increase its maritime sphere of influence, China continues to project its rapid naval advancement as an attempt to secure merchant lines. "India just wants to incite the US to cooperate with India on containing China," said Hu.

India does see Chinese navy's movement in the Indian Ocean with a certain degree of suspicion. And that may well be due to China's own expansionist policy - a policy which has been witnessed by the global community in the South China Sea conflict.

And while Chinese patrolling vessels - and its submarines, more importantly - continue to lag in quality when compared to those with American and Russian forces, the country is on a fast-track to ramp up not just quantity but quality with it.

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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 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 19,2024

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