US Invests $553 Million In Adani Port In Sri Lanka To Curb China's Influence
NDTV
China had invested about $2.2 billion in Sri Lanka as of the end of last year, its biggest foreign direct investor.
The US will provide $553 million in financing for a port terminal in Sri Lanka's capital being developed by billionaire Gautam Adani, as New Delhi and Washington look to curtail China's influence in South Asia.
The funding from International Development Finance Corp. underscores renewed US and Indian efforts to loosen Beijing's sway over Sri Lanka after Colombo borrowed heavily to splurge on Chinese port and highway projects before its economic meltdown last year. For Mr Adani, US money may offer a stamp of legitimacy after allegations of fraud by short seller Hindenburg Research erased billions from the conglomerate's market value earlier this year.
The deepwater West Container Terminal in Colombo is the US government agency's largest infrastructure investment in Asia, and among its biggest globally. It will bolster Sri Lanka's economic growth and "its regional economic integration, including with India, a key partner to both countries," DFC said in a statement.
However, Salman who got married on Friday night will miss his own wedding reception, scheduled for November 26 in Meerut, due to the district ban imposed just a day before the 'nikah' (wedding).
Maharashtra Election Results 2024: The rebel faction of Eknath Shinde, which has pitched the electoral battle as an acid test of "who is the real Shiv Sena" has lost no time to announce it as an ideological victory.
Meanwhile, as the dust settles after the counting of votes, the identity of the victor of the 2024 Maharashtra Assembly election is settled, and the focus now will be on the next Chief Minister.
The Jharkhand Mukti Morcha leader was arrested by the Enforcement Directorate in January and released on bail in June.
Jharkhand Elections Results 2024: JMM chief Hemant Soren and his wife Kalpana are parents to two boys. Sharing a picture of his two sons, he wrote, "My strength."
Overall, the BJP has not only retained the three seats it won in 2022 but also flipped two others - Kundarki and Katehari - while also picking up a sixth from allies NISHAD Party.
Fahad Ahmed, a candidate of the Sharad Pawar-led NCP faction, is currently trailing Sana Malik, nominee of Ajit Pawar's NCP, by over 3,000 votes and the counting is nearing completion.
The BJP-led Mahayuti alliance, which includes the Shinde Sena and Ajit Pawar's NCP, is en route to a thumping win in the 2024 Maharashtra Assembly election, thanks to its two smaller allies.
The Shiv Sena (Uddhav Balasaheb Thackeray) leader said the results are not acceptable to his party and the opposition Maha Vikas Aghadi coalition.
The Adani Group said that none of its 11 public companies are implicated or accused of any wrongdoing.
The MVA had only been given a (very) slim chance of upsetting the in-power BJP-led alliance's applecart in this election; only one of 11 exit polls studied by NDTV believed it can win.