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Pawan Hans Sale: Cayman Firm in Winning Bid Flayed By NCLT for Failure to Pay, Show Funding Plan

The privatisation of Pawan Hans Limited – the Indian government-owned helicopter operator – is shrouded in mystery. The entity that has acquired a controlling stake in Pawan Hans is Star9 Mobility Private Limited, a consortium led by a Dubai-based company about which little information is available. Indian regulators had imposed sanctions on this company, which appears not to have satisfied the eligibility criteria.

News, The Wire

Modi Government’s Rs 500-Crore Bonanza to the Adani Group

The government has quietly tweaked rules relating to special economic zones – and the new rules specifically favour the Adani Group. The government recently took a decision to quietly tweak the rules relating to special economic zones (SEZs) which has enabled a company in the Adani Group to reap a bonanza of around Rs 500 crore.

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