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PM Modi meets Japanese PM Shinzo Abe in Russia

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Vladivostok:  Prime Minister Narendra Modi on Thursday met Japanese PM Shinzo Abe in Russia during his two-day visit to the country. The two leaders pledged to deepen the robust bilateral ties in a number of areas, including in economic and defence sectors.

Modi, who arrived in Russia on a two-day visit, is the first Indian Prime Minister to visit to the Russian Far East Region. This duo has met twice this year, one at the G20 summit in Osaka, Japan and other one along the sidelines of G7 summit in Biarritz, France.

“Continuous engagement for concrete bilateral ties. Prime Ministers Shinzo Abe and Narendra Modi meet in Vladivostok,” the Prime Minister’s Office said in a tweet.

“A global partnership reinforced by robust bilateral ties. PM Narendra Modi met with PM Shinzo Abe on the margins of 5th EEF in Vladivostok. Discussed deepening multi-faceted ties in economic, defense and security, start-up and 5G areas and exchanged views on regional situation,” External Affairs Ministry Spokesperson Raveesh Kumar said in a tweet.

 

Following his meeting with Abe, Modi will hold bilateral talks with Prime Minister of Malaysia Mahathir bin Mohamad and President of Mongolia Khaltmaagiin Battulga.

Modi arrived in Russia on Wednesday to participate in the 20th India-Russia annual summit and the fifth meeting of the Eastern Economic Forum (EEF). On his arrival, Modi received a guard of honour at Vladivostok International Airport.

The forum focuses on development of business and investment opportunities in the Russian Far East Region, and presents enormous potential for developing close and mutually beneficial cooperation between India and Russia in the region.

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Hyderabad based GVK Group reportedly under government scanner

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Mumbai: The GVK Group, which is in locked in a legal battle with the Adani Group on stake sale in its flagship Mumbai International Airport (MIAL), on Tuesday said it has received a notice from the corporate affairs ministry (MCA), seeking some details about the airport operator.

This comes at a time when the Hyderabad-based diversified GVK Power & Infrastructure Limited, which owns 50.5 percent stake in the MIAL, is in the process of hiking its stake in the airport arm by acquiring 23.5 per cent additional stake from Bidvest and ACSA.

The MCA notice, according to sources, is based on a whistleblower complaint to MCA with regard to alleged ‘diversion of funds’ from some of the GVK Group companies.

MCA has initiated an inspection of the books of 11 entities, which include GVK Power & Infrastructure, Mumbai International Airport, GVK Jaipur Expressway Pvt and GVK Power. It has also ordered an inspection of the books of Navi Mumbai International Airport Pvt – the under construction airport at Navi Mumbai.

These companies are located in different jurisdictions — Hyderabad, Bengaluru, Rajasthan and Mumbai — of the Registrar of Companies and MCA has sent a physical inspection letter to each of these companies, sources said.

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