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Assam govt carries out eviction drive in Lumding, recovers 1410 hectares of encroached forest land

OpIndia Staff
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Assam govt carries out eviction drive in Lumding, recovers 1410 hectares of encroached forest land

On Monday (November 8), the Assam government carried out an eviction drive in the Lumding reserve forest in the Hojai district of Assam.

As per reports, the eviction drive was carried out under the direction of the Guwahati High Court to remove illegal occupants from reserve forest lands. The Assam government had deployed about 1000 security personnel including the State Police and Central Reserve Police Force (CRPF) to prevent any untoward incident. According to the district administration in Hojai, most of the illegal occupants had left their homes prior to the commencement of the eviction drive.

Both elephants and bulldozers were used to demolish the illegal structures. An official informed on Monday, “Today, we have demolished around 555 houses, illegal structures. Most of the people who encroached on the forest lands have cooperated with us and they left the forest lands. Our drive will continue tomorrow also.” The eviction drive will also continue on November 9.

Reportedly, the Lumding reserve forest comprises an area of over 22,403 hectares, out of which 1,410 hectares was encroached upon by illegal settlers. According to Hojai Divisional Forest Officer Gounadeep Das, about 3,000 people from 670 families were living on the encroached land. The illegal settlers took up the occupation of agriculture and business to sustain themselves.

Assam Chief Minister Himanta Biswa Sarma had informed that a total of 1500 families were evicted from the Lumding reserve forest. “Eviction drive has been carried out peacefully in Lumding forest. Everyone (settlers) has been sent home. The forest is free of encroachment from today.,” he had remarked.

As per reports, most of the encroachment was for economical reasons. A mafia named Nazrul had brought Muslim families from different places like Barpeta, Nagaon, and Dhubri. These people were engaged in farming ginger and turmeric worth crores in these forest lands. A case against Nazrul has also been registered. As per a report in Organiser, some locals have alleged that the land mafia has even sold the encroached land to migrant families in lakhs of Rupees per bigha.

Violence in Darrang district of Assam during anti-encroachment drive

Recently, an eviction drive conducted by the administration in Darrang district in Assam had turned violent after encroachers of the land attacked security forces. While 9 policemen were injured in the attack by the mob of illegal encroachers, 2 attackers were killed in retaliatory police firing.

The incident took place at the Dholpur in the Garukhuti area near the Sipajhar town in Darrang district in Assam, where the Himanta Biswa Sarma government was conducting an eviction drive of illegal settlers on land belonging to the government or other organisations like temples. When the eviction party reached the place inhabited by Bengali speaking Muslims on Thursday, hundreds of people clashed with the police, attacking them with stones, machetes, pointed bamboo sticks etc.

Mumbai: Security enhanced at Ambani residence after taxi driver alerts about suspicious persons speaking Urdu

OpIndia Staff
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Mumbai: Security enhanced at Ambani residence after taxi driver alerts about suspicious persons speaking Urdu

Mumbai police on Monday tightened security outside industrialist Mukesh Ambani’s residence after receiving a tip-off from a taxi driver. The cab driver dialled the police after two men carrying a bag and conversing in Urdu asked for Ambani’s address. 

Reportedly, the two men sporting a beard stopped in front of Killa Court in CST to ask Ambani’s address from the taxi driver. The driver asked them to make use of Google maps. 

However, the man informed him that their application was not working. The driver guided the duo after which they left. 

The driver informed that the two were in a silver WagonR and carrying a bag. He further informed that the two men were speaking in Urdu with each other. 

“We received a call from a taxi driver that two people carrying a bag asked for Mukesh Ambani’s residence Antilia. We are recording his statement,” a Mumbai police official said as quoted by Mint.

The driver also informed that the occupants of the car looked suspicious and shared the car’s registration number. A manhunt has been launched to nab the car owner.

The police are also investigating the CCTV footage basis the driver’s statements. The taxi driver’s statement has been recorded by the Azad Maidan Police. 

“DCP level rank officers are monitoring the situation. Security has been heightened outside Antilia and CCTV footages are also being checked,” the police officials added.

“We are verifying the information and would release a statement once it’s done,” informed another senior police officer.

The police further said that the industrialist’s private security coordinated with the police at all times as soon as they received the information. 

Taking precautionary measures, the police has beefed up security and set up barricades (nakabandi) in various parts of South Mumbai. 

As per a News18 report, the police nabbed one Suresh Visanji Patel (40) and said that he does not pose any threat to safety. Patel who is a resident of Vashi was only visiting the area along with his friends.

OpIndia tried contacting the Azad Maidan police station, however, they refused to divulge any information.  ANI reported that one person has been identified as a taxi driver from Gujarat. But noting suspicious has been recovered from him.

‘Explosive-laden SUV’

In February, the police had recovered an explosive-laden SUV outside Antilia, Mukesh Ambani’s plush residence in South Mumbai. The incident led to a chain of events with Assistant Police Inspector (API) of Mumbai Police, Sachin Waze being arrested by the National Investigative Agency (NIA) for his role in the ploy. 

The owner of the car was also found dead in a creek in Thane a few days later. Several of Vaze’s associates were arrested by the NIA for their involvement in the Antilia bomb-scare case and murder of businessman Mansukh Hiren. 

Mumbai Police arrest actress Poonam Pandey’s husband Sam Bombay on allegations of assault, actress admitted to hospital

OpIndia Staff
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Mumbai Police arrest actress Poonam Pandey’s husband Sam Bombay on allegations of assault, actress admitted to hospital

On November 8, Mumbai Police arrested Sam Bombay, husband of actress Poonam Pandey, for allegedly assaulting his wife. Pandey has filed a complaint against Bombay, alleging she suffered serious injuries on the head, eyes and face. Mumbai Police said that after filing a complaint, the actress was admitted to the hospital. Police further added the details of the altercation between the couple were unknown.

The investigation is underway.

Pandey has accused Bombay of assault after marriage

In July 2020, Pandey had announced she was going to marry her long time boyfriend. In September 2020, she tied the knot with Sam Bombay in a private ceremony and announced it later on her Instagram account. However, things did not go well between the newly married couple as she filed a complaint against Bombay just days after the wedding when they were in Goa.

At that time, Pandey had alleged that Sam had molested, threatened and assaulted her. The incident took place at Canacona village in South Goa. After her complaint, Goa Police conducted an investigation at the South Goa Hotel where the couple was staying. They booked Bombay later that day and arrested him. The next day, he was granted conditional bail by a Goa court. Bombay, who is a film producer, was booked under Sections 353 (causing hurt), 353 (insult), 506 (criminal intimidation) and 354 (outraging modesty) of the Indian Penal Code.

At that time, Pandey had said she would end her marriage following the alleged assault. However, later in an exclusive interview with ET Times, Sam had added that the things got blown out of proportion. Poonam and Sam both said that they had sorted things out.

‘India Cricket is in good hands’: Read what Virat Kohli said and how social media is reacting to his last match as T20 captain

OpIndia Staff
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‘India Cricket is in good hands’: Read what Virat Kohli said and how social media is reacting to his last match as T20 captain

After a disappointing team India campaign at the ongoing T20 World Cup with back to back defeat at the hands of Pakistan and New Zealand which all but ensured an early exit, India’s final match against Namibia on Monday was the last match for Virat Kohli as the Indian Captain in the T20 format.

Virat Kohli had earlier announced in September that he would step down from the T20 captaincy after the T20 World Cup. In his statement prior to his last match as captain, Virat Kohli said that it was an honor to captain India in the shorter format and that Indian Cricket was in good hands.

Kohli said, “It’s been an honour to captain India and I’ve done my best. The shortest format has to give way to the longest format. It’s time for the next lot to take the team forward. Rohit has been looking on anyway, and Indian cricket is in good hands”

Ravi Shastri’s term as the Head Coach of the Indian Cricket team would also come to an end after the T20 World Cup. Besides Ravi Shastri, bowling coach Bharat Arun and fielding coach R Sridhar are set to move on.

Ravi Shastri in his statement said, “When I took this job, I said to myself I want to make a difference. I think I’ve made a difference. What these men have overcome in last 5 years, the way they’ve performed in all formats will make this one of the greatest teams in history of cricket.”

What social media is saying about Virat Kohli stepping down as captain

Cricket fans were pretty emotional about the fact that Kohli would no longer be captain of the Indian team in T20s. One user said that he is one of the best captains for India.

Others hoped that they would get to see the ‘old Virat’.

Others, however, were not yet in the mood to forgive the Indian captain for his performative wokeness.

As always, there were memes and jokes as well.

Bollywood actor Sunil Shetty, too, had a message for Virat Kohli on the occasion.

The Indian cricket team, and Kohli especially, have been at the receiving end of a great deal of criticism due to the less than satisfactory performance at the T20 World Cup. Apart from performance on the field, their conduct on and off it have also received criticism.

Congress leaders score self goal, promote news about bribery in Rafale deal, bribes were paid during UPA era

OpIndia Staff
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Congress leaders score self goal, promote news about bribery in Rafale deal, bribes were paid during UPA era

Mediapart published a new ‘expose’ on the Rafale deal alleging payments were made to a middleman to secure the deal. However, the payments were made when the UPA Government was in power, the ‘fake invoices’ published by the French media portal revealed.

Nonetheless, before reading the actual content of the ‘expose’, Congress accounts on social media leapt on to the matter to accuse the NDA Government at the center of corruption. In reality, the payments were made before Narendra Modi became Prime Minister and projects the Congress party itself in poor light.

Congress accounts target Narendra Modi, NDA Govt over Mediapart ‘expose’ on the Rafale Deal

Telangana Pradesh Congress Sevadal used the report to claim that it was evidence of ‘Rafale Scam’.

Source: Twitter

Rohan Gupta, Chairman of the Social Media Department of the Indian National Congress, asked, “How long can you cover up theft?”

Source: Twitter

Surbhi, a state coordinator for Odisha Pradesh Congress Sevadal, shared the report with great enthusiasm, blissfully ignoring that the kickbacks in the new ‘expose’ were made when the Congress party was in power.

Source: Twitter

Vijay Thottathil, a Congress activist, used the report to claim that India is now a banana republic.

Source: Twitter

Media sings Congress tunes

The media, too, played its part in promoting the narrative favoured by the Congress party. They were careful not to mention in their tweets that the payments to middlemen were made in the Congress era. NDTV, as expected, was at the forefront of it.

Source: Twitter

Again, as expected, The Wire was part of the charade as well.

Source: Twitter

Others were more subtle in peddling their agenda.

Source: Twitter

What does the new Mediapart ‘expose’ on the Rafale Deal say?

The Mediapart report detailing its new ‘expose’, said, “It involves offshore companies, dubious contracts and ‘false’ invoices. Mediapart can reveal that detectives from India’s federal police force, the Central Bureau of Investigations (CBI), and colleagues from the Enforcement Directorate (ED), which fights money laundering, have had proof since October 2018 that Dassault paid at least €7.5 million in secret commissions to middleman Sushen Gupta.”

The ‘fake invoices’ cited by Mediapart occurred when the UPA Government was in power. According to the invoices, payments totaling around 11 million Euros were made to a firm in Singapore. “According to an accounts spreadsheet belonging to Sushen Gupta, an entity called simply ‘D’, which is a code he regularly used to designate Dassault, paid €14.6 million to Interdev in Singapore over the period 2004-2013,” the media outlet’s own report from April this year said.

Quite clearly, the invoices are related to a deal that the UPA Government was trying to make. After the NDA Government came to power, the UPA era deal was scrapped and the Indian Government secured a government-to-government deal that involved India buying 36 Rafale jets directly from the French Government. Then Defense Minister Manohar Parrikar had said that the UPA era deal was not viable and had not been closed either.

Uttar Pradesh: Senior Congress leader Mahira Khan arrested on charges of cow slaughter, cattle smuggling and cheating

OpIndia Staff
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Uttar Pradesh: Senior Congress leader Mahira Khan arrested on charges of cow slaughter, cattle smuggling and cheating

Mahira Khan alias Mehak Warsi, a senior Congress leader, has been arrested in Moradabad, Uttar Pradesh in cases that were 7 years old. Mahira Khan, the metropolitan president of Congress’s women’s wing, faced charges of illegal cow slaughter, cattle smuggling and cheating. A non-bailable warrant was earlier issued against her on these charges.

As per reports, Mahira Khan was involved in illegal cow slaughter and engaged in cattle smuggling during the Samajwadi Party’s rule in the state. Mahira Khan reportedly earned crores from various illegal business and was shielded by political interferences. A case of fraud was also filed against Mahira by one Zahid in connection to obtaining recognition for an Inter College. Zahir said that he was duped of three and half lakh rupees in the name of getting recognition by Khan.

In September 2015, police took action against four people as Thakurdwara Kotwali Inspector Vidyaram Diwakar filed charges of cheating and earning illegal money from slaughtering cows against Mahira. The others accused in the case were Vandana of Ashok Nagar, Muhammad Hussain, a resident of Thana Galshaheed area, Naima Warsi, a resident of Himgiri Colony. A charge sheet was also filed in the case the same year.

City SP Amit Kumar Anand informed that Mahira has been arrested under the Gangster Act. Inspector Dhananjay Singh, in-charge of Thakurdwara, noted that that there were many cases registered against Mahira in Bhojpur under sections of the Cow Slaughter Act. 

Inspector Amit Kumar of Mughalpura police station said that after the non-bailable warrant had been issued against her, she was arrested and produced in the court. Khan is a resident of Shaukat Bagh.

After the arrest of the Congress leader, Mahira Khan, state general secretary Sachin Chaudhary had acknowledged that information about the arrest was received by the party. Chaudhary said that an inquiry on the matter would be done by the Disciplinary Committee before any disciplinary action was taken. After her arrest, the photo of Mahira with the National President of the Congress Minority Department and the party’s Lok Sabha candidate from Moradabad, Imran Pratapgarhi, went viral. In the photo, Mahira could be seen presenting a bouquet to Imran.

Notably Shaulat Hussain, an advocate of Mahira Khan has claimed that the arrest was a political conspiracy. Hussain said that Mahira was a sharp-tempered leader and some political parties were troubled by her increasing popularity and political hold.

Madhya Pradesh: Aas Mohammad Khan gives triple talaq to wife over phone, woman says she was harassed for dowry

OpIndia Staff
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Madhya Pradesh: Aas Mohammad Khan gives triple talaq to wife over phone, woman says she was harassed for dowry

Indore police in Madhya Pradesh have filed a case against one Aas Mohammad Khan and his family members after the former gave triple talaq to his wife over the phone for not fulfilling his family’s dowry demands. The FIR was registered on Saturday night (November 6), based on the complaint of his 32-year-old wife, who alleged that her in-laws also harassed her for dowry.

“In her complaint filed on Saturday night, the woman alleged that her husband, Aas Mohammed Khan, a resident of Uttar Pradesh’s Hapur, gave triple talaq to her over the phone on September 21,” MIG Police Station in-charge Ajay Verma said.

The victim alleged that her in-laws were demanding Rs 5 lakhs dowry from her parents. When they were unable to fulfil their demands, her in-laws started harassing her and the husband gave her triple talaq.

The MIG PS in charge informed that the woman’s parents had purchased a flat for them, where they had been living together earlier.

Following the woman’s complaint, a case was registered against the man under provisions of the Muslim Women (Protection of Rights on Marriage) Act, 2019 and police began investigating the case. No arrest has, however, been made so far.

The practise of instant Triple talaq is prohibited under the Muslim Women (Protection of Rights on Marriage) Act, 2019. On August 1, 2019, President of India Ram Nath Kovind had given his assent to the landmark Muslim Women (Protection of Rights on Marriage) Bill, 2019, that abolishes Triple Talaq. With the Presidential assent, the law had come into force retrospectively from 19th September 2018. 

The act seeks to declare the practice of instant Triple Talaq as void and illegal and makes it a cognizable offence. It also provides an allowance to women victims and their dependent children. The offence is made compoundable with the permission of the Magistrate at the instance of the married Muslim woman upon whom talaq is pronounced.

The NDA government led by Prime Minister Narendra Modi championing the social cause of Muslim women had initiated the process of legislation to ban “Triple Talaq” after the historic Supreme Court judgement had declared the barbaric Islamic practise as unconstitutional.

Uphaar fire tragedy: Ansal brothers to serve 7-year jail terms. Here is everything you need to know

OpIndia Staff
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Uphaar fire tragedy: Ansal brothers to serve 7-year jail terms. Here is everything you need to know

On Monday (November 8), a Delhi court sentenced the Ansal brothers, namely, Gopal and Sushil Ansal, to 7 years imprisonment on charges of evidence tampering in the infamous 1997 Uphaar fire tragedy case.

The court also imposed a fine of ₹2.25 crores each against the two businessmen. The duo was convicted under the Indian Penal Code (IPC) Sections 120B (criminal conspiracy), 201 (evidence tampering), and 409 (criminal breach of trust by public servant). Besides, three others namely, P P Batra, Anoop Singh and Dinesh Chand Sharma were also held guilty.

While handing out the quantum of punishment, Central Metropolitan Judge Pankaj Sharma conceded that it was one of the biggest cases of his career. He informed that he thought about the case on several nights and realised that the accused deserved punishment. The Judge noted that the Ansal brothers destroyed key evidence that established their complicity in the Uphaar fire tragedy case.

The Court pointed out that the accused scuttled the trial process and fiddled with the judiciary with great impunity. Judge Sharma also added that the Ansal brothers and the other accused “attacked on the very purity and sanctity of the justice system” under the false belief that they will get away with their crime.

Uphaar fire tragedy case and aftermath

On June 13, 1997, a fire broke out during the matinee screening of the movie ‘Border’ at Uphaar cinema, which was located in South Delhi. Due to a lack of proper safety measures, a whopping 59 people died of suffocation (asphyxia). Around 100 people were injured in the stampede resulting from the chaos. A month later, the crime branch of Delhi police arrested theatre owner Sushil Ansal and his son Pranav from Mumbai. The case was then transferred to the Central Bureau of Investigation (CBI) from the Delhi police.

In November that year, the CBI filed a chargesheet against 16 people including the Ansal brothers. The trial began two years later in March 1999 in a Sessions court. On February 27, 2001, the sessions court framed charges against the accused under IPC Sections 304, 304A, and 337. In April 2002, the Delhi High Court asked the trial court to conclude the hearing of the case by December 15, 2002.

A year later, the Ansal brothers sought re-possession of Uphaar theatre. But their plea was rejected on the ground that it is a key piece of evidence. In April 2003, the Delhi High Court in a landmark decision asked the Ansal brothers to pay ₹18 crores in compensation to the kin of the deceased. However, the case made little progress in the following 3 years. It was only on November 20, 2007 (after 10 years of the incident) that 12 accused including the Ansal brothers were sentenced to 2 years imprisonment by the trial court.

Within a span of 1.5 months, the Delhi High Court granted bail to Sushil and Gopal Ansal. In September 2008, the Ansal brothers were sent to Tihar jail after their bail plea was cancelled by the Supreme Court. In December that year, Delhi High Court reduced the sentence of the Ansal brothers from 2 years to 1 year. A petition was filed before the Supreme Court by The Association of Victims of Uphaar Fire Tragedy (AVUT) for increasing punishment of the accused. However, no progress happened on that front till 2013.

In March 2014, the Supreme Court gave a split verdict on the quantum of sentence to be served by the Ansals. One Judge had awarded one year sentence while another judge awarded them the sentence that has been already served. The matter was then referred to a 3-Judge Bench. On August 19, 2015, the Supreme Court released the Ansal brothers on the condition that they both pay ₹30 crores each as fine and build trauma centre in Delhi.

In 2017, the Supreme Court asked Gopal Ansal to complete his remaining one year sentence while Sushil was given relief, keeping in mind his old age. On November 8, 2021, the Ansals were sentenced to 7 years imprisonment for evidence tampering and penalised ₹2.5 crores each.

CBI approaches Google, Facebook to retrieve deleted chats and mails of Sushant Singh Rajput to investigate actor’s death

OpIndia Staff
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CBI approaches Google, Facebook to retrieve deleted chats and mails of Sushant Singh Rajput to investigate actor’s death

The Central Bureau of Investigation (CBI), investigating the death of late Bollywood actor Sushant Singh Rajput, approached the United States (US) on Monday, requesting support in recovering deleted data from the actor’s email and social media accounts. The central agency has sought the information from the headquarter of social media giants Google and Facebook based in California, under the MLAT (mutual legal assistance treaty).

A mutual legal assistance treaty (MLAT) is an agreement between two or more countries for the purpose of gathering and exchanging information in an effort to enforce public or criminal laws. The treaty allows India and the United States to obtain information from each other in any domestic investigation that would otherwise be unattainable.

The CBI is reportedly looking for information to see whether anything happened in the past that could be linked to the actor’s death. Sushant Singh Rajput was found dead in his Mumbai apartment on June 14, 2020,

CBI refutes ‘speculative’ media reports, says it is still probing the case

In December 2020, the central agency had reiterated that it is still conducting the probe in the alleged suicide case of actor Sushant Singh Rajput and it has not ruled out any aspect as of 30 December 2020.

Prior to this, in the month of October, CBI had refuted media reports that no foul play was found in the Sushant Singh Rajput death case and that the agency was going to file a closure report in the case. It had clarified that it was still probing the case.

The statement had come after speculations were rife that the central agency has ended the probe in the case. Reports had also emerged saying that CBI had ruled out the foul play angle in the case.

The news was originally shared by the Bombay Times which claimed that the CBI had concluded its investigation and that no foul play was found by it in the death of Sushant Singh Rajput. In no time the news was picked up by several other media portals.

Several media houses including the Times of India, Zee News, Economic Times and News 18 had reported that the CBI had concluded the investigation in the case and no foul play was found by the agency during the investigation. The media portals also said that the CBI is soon likely to file a closure report in the case.

Soon after the news went viral, the central agency clarified, refuting the ‘speculative and erroneous’ news. It said that it was still probing “all possible angles” in the death of the late actor.

Sushant Singh Rajput Death

On June 14, 2020, actor Sushant Singh Rajput was found hanging in his Mumbai flat under mysterious circumstances. The cause of death was determined to be suicide by Mumbai police. Rajput’s family had sought that the matter be referred to the CBI after being dissatisfied with the Mumbai police investigation. The Supreme Court finally transferred the matter to the CBI in August. The CBI inquiry into the death of the later actor opened a can of worms, resulting in the intervention of the Narcotics Control Bureau (NCB), which is looking into the case’s alleged drugs connections.

Tech firms turn to India amidst Chinese Tech sector crackdown under Xi Jinping: Read full details

OpIndia Staff
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Tech firms turn to India amidst Chinese Tech sector crackdown under Xi Jinping: Read full details

FDI flows into Indian debt as well as equity have shown an increase as uncertainties continue to revolve around the Chinese tech sector according to reports. The recent crackdowns on Chinese tech companies and anti-monopoly regulations under Xi Jinping have triggered investors to re-assess the rationale and the risk of investing in China.

As per reports, Chinese companies like Tencent, Alibaba, Kuaishou Technology and Meituan have witnessed more than $1 trillion wipeouts combined. The Hang Seng Tech Index members have seen $1.5 trillion of value evaporate.

The Chinese policy shift has crippled industries such as technology, property, online private tuition and video gaming. Chinese have declared cryptocurrencies illegal and have put heavy restrictions on data collection and use with anti-monopoly legislation to curb the growth of tech companies.

According to data compiled by Bloomberg, Mainland investors have become net sellers of Tencent since June. Li Weiqing, a Shenzhen-based fund manager at JH Investment Management Co. had stated that he sold his internet firms holdings in the fourth quarter last year and planned to observe things from the distance.

Reportedly, Chinese stock market investors have been swapping big tech names for “small giants” and luxury brands for mass-market companies under the new plan for the economy initiated by Xi Jinping. Ronald Chan, Hong Kong-based Asia head of equities at Manulife Investment Management said that Chinese policymakers “are talking about how to go from a pear-shaped type of economy, which is bottom-heavy, top-light, into an olive shape”.

Reportedly, Chinese Food delivery platform Meituan was slapped with a fine of $1 billion for anticompetitive behaviour. Ride-hailing company DiDi Chuxing also faced restrictions from accepting new users. The Chinese financial company, Ant Group had to deal with regulations regarding payment and personal finance. Founder of TikTok, Zhang Yiming took early retirement amid mounting pressure.

The crackdown on the Chinese internet companies and tech sector have caused a drastic need for investors to find new markets. According to Bloomberg, investments in Indian start-ups climbed from $1.6 billion in June to around $8 billion in July. The Venture Capital deals in India exceeded the value of those in China for the first time after 2013.

Tiger Global Management, a New York-based equity firm that previously held investments of around $8.6 billion in public in addition to 36 private Chinese companies had started investing in India after facing heavy losses in China.

Analysts at Credit Suisse wrote “India’s corporate landscape is undergoing a radical change due to a remarkable confluence of changes in the funding, regulatory and business environment in the country over the past two decades. An unprecedented pace of new-company formation and innovation in a variety of sectors has meant a surge in the number of highly-valued, as-yet unlisted companies”.

Besides, Japan’s SoftBank Group which had recently announced the suspension of further investments in China is expected to invest $4 billion in India by the end of 2021, marking one of its biggest investments in India. 

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