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India
Intelligence for Better Decision Making
Godrej Group Split
May 2, 2024 | Indirect Indicator- The founding family of Godrej Group, operating for 127 years and known for its diverse portfolio, has decided to split the conglomerate.
- This decision to redistribute ownership shares within the conglomerate was announced on Tuesday, pending regulatory approvals.
- The split is anticipated to cause significant changes in the business structure, possibly affecting operation and competition in respective markets.
- Potential factors driving the decision could include strategic considerations, succession planning, or a desire to unlock value within the conglomerate.
- Adi Godrej and Nadir Godrej are set to control the listed companies in the group, while Jamshyd Godrej and Nyrika Holkar will control Godrej Enterprises, including Godrej & Boyce and its affiliates.
- The realignment aims to maintain harmony, enhance strategic direction, increase focus and create long-term value for shareholders and stakeholders.
- Nadir Godrej is set to become the chairperson of the Godrej Industries Group (GIG) with Pirojsha Godrej as Executive Vice Chairperson, expected to succeed Nadir in August 2026.
- An open offer will be made to the public shareholders of Astec Lifesciences as part of the settlement and shares held will not be transferred to competitors without prior permission.
- Jamshyd Godrej and Smita Godrej Crishna will control the Godrej Enterprises Group (GEG), with Pirojsha Godrej expected to be executive vice chairperson of Godrej Industries and chairperson by August 2026.
- The realignment intends to leverage core strengths, simplify operations and generate long-term value for stakeholders. Nyrika Holkar and Pirojsha Godrej are emerging as key next-generation leaders.
- Godrej & Boyce will control a substantial land bank in Mumbai. The group owns over 3,400 acres in Vikhroli, a key aspect of the realignment.
- Emphasizing this split as an "ownership realignment", it is aimed at maximizing strategic direction, focus, and agility. The two groups will continue to use the Godrej brand.
- To facilitate the split, both sides of the family resigned from boards of companies in rival camps. Unconfirmed reports suggest a mutual divestment of stakes between the two sides.
Covishield Vaccine Side Effects Controversy
May 2, 2024 | Direct Indicator- Political parties in India, including the Samajwadi Party, RJD, and Uttar Pradesh Congress, have raised concerns and controversies around the Covishield vaccine, with allegations of corruption, administration of incorrect vaccines, and implications of playing with public health.
- AstraZeneca, the manufacturer of Covishield, has admitted that their vaccine can cause a blood clot-related side effect called Thrombosis with Thrombocytopenia Syndrome (TTS) in 'very rare cases'.
- Public criticism targets Indian PM Narendra Modi for promoting Covishield, with questions regarding responsibility for possible deaths due to vaccine side effects.
- The political dispute raises broader issues about vaccine safety, transparency in the vaccination process, and the governmental role in addressing public health controversies.
- Despite potential rare side effects, AstraZeneca emphasizes that their vaccines remain safe and that patient safety is a top priority.
- Covishield, while identical in formulation to AstraZeneca's vaccine but produced in different locations, has been broadly distributed in India and has limited reported cases of TTS.
- Accurate information remains essential in managing fears regarding vaccinations, as vaccine efficacy in controlling the COVID-19 pandemic outweighs rare negative side effects.
- AstraZeneca is involved in multiple lawsuits about serious harm and fatalities linked to its vaccine.
- The acknowledgment of TTS as a side effect coincides with criticism towards both AstraZeneca and the Serum Institute of India, with requests to halt vaccine production.
- The World Health Organisation has recognized TTS as a serious event post-immunization with certain COVID-19 vaccines.
- Union Health Minister Mansukh Mandaviya refutes claims about vaccines causing heart attacks, stressing lifestyle factors as potential causes and the need for accurate data.
- There is a demand for a legal review of Covishield's potential side-effects and the establishment of a vaccine damage payment system for citizens heavily affected by vaccinations.
- Dr. Raman Gangakhedkar, Ex-ICMR scientist, states that a very small fraction of people receiving the Covishield vaccine may face the risk of TTS, with risks highest after the first dose and decreasing afterwards.
Monitored Intelligence for India - Jan. 25, 2024
News
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377
Government
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6
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0
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Releases
5
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Advisories
0
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0
Academic/
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11
Think
Tank
11
Podcasts
0
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0
Social
Media
0
Business
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0
Erudite Risk takes an all risks approach to intelligence reporting. We categorize key intelligence into one of 40 different risk intelligence categories.
The goal is to provide intelligence that allows decision makers to avoid being blindsided by what they may have missed, while informing them to make better decisions as well.
Risk Categories Reported on Today
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12
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6
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3
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6
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14
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We categorize key intelligence into one of 30 different operations intelligence categories.
Different roles and functions within the organization can monitor different key issue areas. HR may monitor employment, wages, regulations, labor and management relations, etc., while P&L leaders may monitor overall developing trends.
Operations Categories Reported on Today
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8
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11
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1
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14
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1
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2
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3
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3
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1
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Covishield vaccine: Plea filed in SC seeking formation of expert panel to study side-effects, risk factors
The Economic Times | English | News | May 2, 2024 | Epidemics and Pandemics
A petition has been filed in the Supreme Court seeking the formation of a panel of medical experts to study the Covishield vaccine and examine its side-effects and risk factors. The petition also seeks directions for the Central government to establish a 'vaccine damage payment system' for citizens who were severely disabled as a result of the vaccination drive during the Covid-19 pandemic. The controversy surrounding Covishield arose when AstraZeneca admitted that its Covid vaccine could cause blood clot-related side effects in very rare cases.
2 Indian spies expelled from Australia for trying to 'steal secrets' in 2020: Report
Deccan Herald | English | News | May 2, 2024 | Geopolitical Conflict and Disputes
Two Indian spies were expelled from Australia in 2020 for attempting to 'steal secrets' about sensitive defense projects and airport security. The spies were accused of monitoring Indians living in Australia and developing relationships with politicians. The Australian Security Intelligence Organisation (ASIO) disrupted the foreign 'nest of spies', with the Director-General mentioning the spy ring in his annual threat assessment. The spies also targeted obtaining classified information about Australia's trade relationships.
Adani Energy Solutions' Q4 net profit falls 13% to Rs 381 crore
Deccan Herald | English | News | May 2, 2024 | Operating Results
Adani Energy Solutions' consolidated net profit for the quarter ended March 2024 fell 13.26% to Rs 381.29 crore due to increased expenses. The company reported a net profit of Rs 1195.61 crore for the entire FY 24, down from Rs 1280.60 crore in FY 23. The total income for the company surged, and expenses rose in both the quarter and the whole financial year. The company's revenues saw double-digit growth, attributed to various operational and commissioning activities. AESL remains at the forefront of energy transition in India and has successfully completed key transmission projects. They also reduced long-term debt through a bond buyback program and acquired contracts for smart meters. In transmission, the company operationalized 1,244 circuit km during the year. AESL is part of the Adani Group and is the largest private transmission company in India.
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