South Asia Times

BJP claim zero indulgence in Adani Controversy

Indian Home Minister defends Modi’s party over Adani controversy amid opposition allegations

India’s home minister Amit Shah makes comments after ruling party accused of favoritism towards embattled conglomerate, while BJP claim zero indulgence.

Indian Prime Minister Narendra Modi’s party has “nothing to hide or be afraid of” on the controversy over the Adani group, the home minister has said, responding to opposition allegations of favoring the conglomerate attacked by an American short seller, while BJP claim zero indulgence.

Led by billionaire Gautam Adani, the business house’s seven listed companies bear his name. Since January 24, following Hindenburg Research’s report on tax havens and stock manipulation, Adani’s seven listed companies lost $120 billion. The Adani group has denied the allegations and threatened legal action against Hindenburg.

“The Supreme Court has taken cognizance of the matter. Amit Shah is widely regarded as the most powerful politician in India after Modi. He told the ANI news agency that commenting on the matter would not be appropriate. This is especially true if the Supreme Court is seized of it.

Shah added, “However, in this, there is nothing for the BJP to hide.” He also mentioned, “Moreover, there is nothing for the BJP to be afraid of.” Shah’s comments were in reference to the ruling Bharatiya Janata Party (BJP).

Shares of Adani Enterprises, the group’s flagship, fell nearly 4 percent in early trade. The company, which pulled a $2.5bn share sale earlier this month after the stock rout, will announce quarterly results later in the day.

India’s Economic Times daily reported on Tuesday that Adani group executives had been holding negotiations since last week with Abu Dhabi’s International Holding Company (IHC) for capital infusion into Adani Enterprises or other group entities.

Source: aljazeera

News Desk

Your trusted source for insightful journalism. Stay informed with our compelling coverage of global affairs, business, technology, and more.

News Desk

Your trusted source for insightful journalism. Stay informed with our compelling coverage of global affairs, business, technology, and more.

Recent

Healthcare as Statecraft in Taliban-Ruled Afghanistan

SAT Commentary December 23, 2025

Afghanistan’s recent shift away from Pakistani pharmaceutical imports toward Indian suppliers marks a dangerous transformation of healthcare into a tool of geopolitical signaling. Framed as regulatory reform, this pivot reflects a broader biopolitical strategy in which access to medicine is subordinated to diplomatic recalibration, with profound ethical and humanitarian consequences for an already vulnerable population.

The Taliban Regime and the 2025 Global CFT Framework

SAT Editorial Desk December 23, 2025

Despite consolidating internal control and boosting revenues, the Taliban remain structurally incompatible with the 2025 global Counter-Terrorism Financing regime, as sanctions, militant linkages, and gender persecution block financial reintegration.

How Afghan Networks Sustain Terrorism in Pakistan

SAT Commentary December 22, 2025

The December 2025 Boya suicide attack underscores the transnational nature of militancy confronting Pakistan. The identification of an Afghan national from Kabul as the attacker, and the public veneration he received there, reveals how recruitment pipelines, ideological legitimation, and porous borders continue to sustain insurgency in North Waziristan, placing growing strain on Pakistan–Taliban relations.

Majoritarian Politics and the Erosion of Minority Dignity in India: The Bihar Hijab Incident

Nimra Khalil December 22, 2025

The forcible removal of a Muslim woman doctor’s hijab by Bihar’s Chief Minister was not an isolated lapse of conduct but a revealing moment in India’s evolving political culture. It underscored how majoritarian ideology increasingly normalizes the public humiliation of minorities, particularly Muslim women, and weakens constitutional guarantees of equality, religious freedom, and personal dignity.

Herat tragedy claims 30 lives, exposing Afghanistan’s governance failures, unsafe migration, and escalating humanitarian crisis.

Herat Border Tragedy: The Deadly Consequences of Afghanistan’s Governance Failures

SAT Commentary December 20, 2025

The Herat border tragedy, is a stark illustration of the human cost of Afghanistan’s governance failures. With limited economic opportunities, widespread poverty, and insufficient social support, families are forced to undertake life-threatening journeys across freezing mountains. The incident underscores the urgent need for the Afghan government to provide stable livelihoods, establish safe migration routes, and strengthen healthcare and social services, as humanitarian risks continue to escalate across the country.