'Premium yours, benefit for...': Rahul's dig at LIC over investment in Adani group
New Delhi, Jun 3 (PTI): Congress leader Rahul Gandhi on Tuesday took a swipe at public sector LIC's Rs 5,000 crore investment in the Adani group while highlighting that public funds are being used for benefitting private entities.
"Money, policy, premium are yours; Security, convenience, benefit for Adani!" Gandhi said in a post in Hindi on X.
Adani Ports and Special Economic Zone Ltd (APSEZ), India's largest integrated transport utility, had last week said it has raised Rs 5,000 crore in its largest-ever domestic bond issue.
APSEZ raised the fund through a 15-year Non-Convertible Debenture (NCD) from Life Insurance Corporation of India (LIC), the firm said in a statement.
NCDs were raised at a competitive 7.75 per cent per annum coupon rate.
"Backed by APSEZ's strong financials and a 'AAA/Stable' domestic credit rating, the issue locked in a competitive coupon rate of 7.75 per cent p.a. and was fully subscribed by LIC. The debentures will be listed on the BSE," it said.
Gandhi has been alleging that public funds of LIC collected through insurance premiums of common public have been invested by it in the Adani group. LIC is state-run domestic financial institution which makes investments in the Indian stock market.
पैसा, पॉलिसी, प्रीमियम आपका,
— Rahul Gandhi (@RahulGandhi) June 3, 2025
सुरक्षा, सुविधा, फायदा अडानी का! pic.twitter.com/7czlLG4pUd
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Man arrested with Rs 2.54-crore heroin in Mumbai
Mumbai (PTI): Police have arrested a man and seized over 500 grams of heroin worth Rs 2.54 crore in the illicit market from him in Mumbai, officials said on Friday.
The police's Anti-Narcotics Cell (ANC) made the drug seizure in Santacruz in the western suburbs. The operation was conducted by the Kandivali unit of the ANC on Thursday as part of a special crackdown against drug trafficking in the area, they said.
Acting on specific inputs, an ANC team conducted a raid in Santacruz (East) and intercepted a man. During a search, the team recovered 508 grams of high-grade heroin from his possession, an official said.
The seized contraband, a highly addictive, opioid drug derived from morphine, is estimated to be worth Rs 2.54 crore in the international market, he informed.
Following the seizure, a case was registered against the man under relevant sections of the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985, and he was formally placed under arrest in the early hours of Friday.
The police are currently investigating the source of the drug and trying to identify the intended recipients of the consignment, he said.
