'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
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Double-decker electric bus gutted in fire at Kurla BEST depot
Mumbai (PTI): An empty double-decker electric bus was gutted in a fire during servicing at a BEST depot in Mumbai's Kurla area on Sunday, officials said, adding that nobody was injured.
The blaze broke out inside the Kurla BEST bus depot near Kanakia Building at 4.14 pm, according to preliminary information from the Mumbai Fire Brigade.
The parked bus was unoccupied at the time of the incident.
Fire brigade personnel rushed to the spot and brought the blaze under control. The exact cause of the fire was yet to be ascertained, they said.
No injuries were reported in the incident, officials added.
The Brihanmumbai Electricity Supply and Transport (BEST) Undertaking has hired 50 electric double-decker buses from Switch Mobility in its fleet of around 2,700 buses.
