Business – Briefs

 
Adani Group seeks action against fake news wrongdoers
Adani Group has written a letter to Union Minister for Law and Justice Ravi Shankar Prasad over a planned attempt to malign the reputation of the prominent business houses through fake news on Twitter to systematically wreak havoc even as the Centre has launched a campaign focusing on making India self-reliant in various sectors to promote investments and generate jobs locally.The company sought Prasad's intervention, stating that "as a country, we must address this nexus of foreign-funded activism against Indian companies". "A planned attempt to malign the reputation of the prominent business houses through fake news on Twitter, urging several Twitterati to participate in a 'Tweetstorm', to systematically wreak havoc has surfaced when the Indian government has launched a campaign focusing on making India self-reliant in various sectors to promote investments and generate jobs locally," Adani Group wrote in the letter. "It is vital to determine the source of these conspiratorial operations targeting Indian institutions and businesses in order to protect public monies invested in such businesses," the company said in the letter, a copy of which was accessed by ANI.



India slips to 54th rank in home price appreciation: Knight Frank
India moved down seven spots in the global home price index to 54th rank in the third quarter (July to September) against 47th rank in Q3 2019 with a decline of 2.4 per cent year-on-year in home prices, Knight Frank said on Friday.In the performance compared to previous quarter (Q2 2020), the ranking remains unchanged to 54th spot among the 56 countries and territories tracked in Q3 2020 index. Knight Frank's global house price index tracks the movement in mainstream residential prices across 56 countries and territories worldwide using official statistics.In the 12-month percentage change for the period Q3 2019 to Q3 2020, Turkey continues to lead the annual rankings with prices up by 27.3 per cent year-on-year, followed by New Zealand at 15.4 per cent and Luxembourg with 13.4 per cent.Morocco was the weakest-performing territory in Q3 2020 with home prices fallen to 3.3 per cent. The Knight Frank report highlighted that in Q3 2020, Ireland, Spain, India and Hong Kong witnessed the weakest price growth year-on-year. 

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