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Super Bowl-bound Eagles are built around QB Jalen Hurts

PHILADELPHIA (AP) — The Philadelphia Eagles’ decision to draft Jalen Hurts in 2020 came with as much hand-wringing as intrigue regarding how to use the talented Heisman Trophy finalist. The Eagles already had quarterback Carson Wentz locked into a $128 million contract. They certainly had more pressing needs at the time on all sides of the ball.

Three seasons later, there’s no doubt in Philly that drafting Hurts was the right call.

Hurts would win any Philly most-popular athlete poll these days —- well, it is football season — and the third-year quarterback has the Eagles just one win away from only their second Super Bowl victory in franchise history.

Turns out, the Eagles were built on the strength of a QB still on his paltry rookie deal. He’s a finalist for AP NFL MVP, Offensive Player of the year and tied a franchise record with 33 total touchdowns.

At just 24, Hurts has a Super Bowl — and super riches — ahead. He’s due for a new contract that will pay him in the neighborhood of $50 million a season, one that could rival the mammoth 10-year contract given to Kansas City’s Patrick Mahomes that has choked the team’s salary cap. The Chiefs have been creative in finding ways to remain at an elite level despite Mahomes’ salary. The Eagles will have to do the same.

General manager Howie Roseman has been masterful of late at making all the right moves in drafts, trades and smart contracts. If the Eagles are to remain contenders for the same window the Chiefs have smashed open with Mahomes, Roseman will have to be just as adept at working the salary cap and finding gems in the draft.

The future can wait until Feb. 13. On deck, the Super Bowl.

“We want to go out there and play to our standard,” Hurts said. “That doesn’t change, regardless of the magnitude of the game.”

The Eagles offseason is already off to an astounding start. Roseman swung a 2022 draft-weekend deal with New Orleans that involved all draft picks — notably, the Eagles would get the Saints’ first-round pick in 2023. Hey, the Saints were supposed to be pretty good and a pick in the 20s would have been fine. Instead, the Saints sank (though they did beat the Eagles) and Philadelphia has the No. 10 pick of the draft. Not bad for a team in the Super Bowl. The Eagles can only hope they can land a star player that could keep them championship contenders for another decade.

Odds are, though, this time they won’t stun anyone and pick a quarterback.

OFFENSE

Did someone say steal? Roseman outmaneuvered the Titans during the 2022 draft when he engineered a deal to get wide receiver A.J. Brown.

Upset with his contract in Tennessee, the Eagles sent two draft picks to the Titans for Brown and immediately gave him a $100 million, four-year deal with $57 million guaranteed. Brown was worth the price and his playmaking ability has only brought out the best in Hurts’ playmaking. The two are close friends and their chemistry is evident on the field.

He had 155 yards receiving in his Eagles debut and kept on rolling all the way to 88 catches for 1,496 yards and 11 touchdowns in the regular season. He topped Mike Quick’s 1,409 yards in 1983 for the Eagles’ single-season high.

Across the field, DeVonta Smith put up similar bold numbers. Smith, a first-round pick in the 2021 draft, finished his second NFL season with 95 catches, which are the most by a wide receiver in team history.

Jason Kelce and Lane Johnson have anchored the offensive line for a decade. Miles Sanders was a second-round pick who had 1,269 yards rushing this season and 11 touchdowns. Dallas Goedert has blossomed into one of the top tight ends in the league and made the offense one of the more dynamic in the league.

DEFENSE

Did someone say steal, Part II? Haason Reddick signed a $45 million, three-year contract, that included $30 million guaranteed. It turned in one of the greatest season performances in team history. He had 16 sacks and 3½ more in the playoffs to pace the Eagles. Brandon Graham and Fletcher Cox are 10-plus-year veterans who helped the Eagles win their first Super Bowl.

SPECIAL TEAMS

Jake Elliott, a fifth-round pick in 2017, has kept a low profile this season as Philadelphia’s fourth-down aggressiveness has kept him from putting up big field goal numbers. Elliott has at least been automatic on extra points, missing only one this season. It seems almost laughable that it’s worth noting, but Dallas kicker Brett Maher has missed five extra points in the postseason.

The Eagles this week activated the 21-day practice window for punter Arryn Siposs to return from injured reserve. Siposs had been sidelined since mid-December with an ankle injury. The Eagles have since used veteran Brett Kern. Siposs could be activated for the Super Bowl ahead of Kern.

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AP NFL: https://apnews.com/hub/nfl and https://twitter.com/AP_NFL

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Pope offers “wings to your hope“ to displaced children in South Sudan

2023-02-04T15:24:12Z

Residents in Juba expressed their hopes for peace on the first full day of a visit by Pope Francis to South Sudan.

Pope Francis on Saturday met South Sudanese children displaced by conflict and heard of the hardships of their lives in camps, telling them they would build a better future for the world’s newest country by replacing ethnic hatred with forgiveness.

The pope was visiting South Sudan with Archbishop of Canterbury Justin Welby and Church of Scotland Moderator Iain Greenshields – an unprecedented joint “pilgrimage of peace”.

South Sudan broke away from Sudan in 2011 but plunged into civil war in 2013 with ethnic groups turning on each other. Despite a 2018 peace deal between the two main antagonists, bouts of inter-ethnic fighting have continued to kill and displace large numbers of civilians.

At a meeting in the capital Juba, the three Christian leaders listened to testimonies from displaced children including Johnson Juma Alex, 14, who has been living in a camp since 2014 after fleeing his hometown because of fighting.

“Life in the camp is not good because the area is small and crowded,” he told them, reading haltingly from a prepared text in English, which is not his native language.

“There is not enough space to play football. Many children do not go to school because there are not enough teachers and schools for all of us,” he said. After he spoke, the pope, the archbishop and the moderator warmly shook his hand.

There are 2.2 million internally displaced people in South Sudan, out of a total population of about 11.6 million, and another 2.3 million have fled the country as refugees, according to the United Nations.

Extreme poverty and hunger are rife across the country, with two thirds of the population needing humanitarian assistance as a result of conflict as well as three years of catastrophic floods.

“The future cannot lie in refugee camps,” the pope told the children after hearing their stories at the event, which was held in a prefabricated structure holding about 2,500 people.

“As you said, Johnson, there is a need for all children like yourself to have the opportunity to go to school – and to have a field to play football!”

Francis said hope for South Sudan’s future rests in children from different ethnic groups, who have suffered and are still suffering, yet who do not want to respond to evil with more evil.

“Although conflict, violence and hatred have replaced good memories on the first pages of the life of this republic, you must be the ones to rewrite its history as a history of peace!” he said.

“You bear the burden of a painful past, yet you never stop dreaming of a better future. In our meeting today, we would like to give wings to your hope.”

The resident U.N. humanitarian coordinator in South Sudan, Sara Beysolow Nyanti, raised the issue of pervasive sexual violence against women and girls, who she said risked being violated while carrying out their daily routines.

The pope responded by calling on everyone in South Sudan to respect women.

“Please, protect, respect, appreciate and honour every woman, every girl, young woman, mother and grandmother. Otherwise, there will be no future,” he said, to cheers and ululations from the audience.

Archbishop Welby, leader of the global Anglican Communion, earlier spoke about South Sudan’s many problems at a service at Juba’s Anglican cathedral, where the congregation of thousands spilled out into the streets.

“My heart breaks. I can hardly speak with sorrow for South Sudan,” he said.

“I beg that at every level, from the president to the smallest child … that there is peace and good government, that no one steals money, that no one kills their neighbour for cattle.”

Later on Saturday, the three Christian leaders will take part in an open-air ecumenical prayer vigil at a mausoleum for South Sudan’s liberation hero John Garang, with 50,000 people expected to attend.

Related Galleries:

Pope Francis speaks during a meeting with priests, deacons, consecrated persons and seminarians at the Cathedral of Saint Therese during his apostolic journey, in Juba, South Sudan, February 4, 2023. REUTERS/Yara Nardi

Pope Francis addresses a meeting with priests, deacons, consecrated persons and seminarians at the Cathedral of Saint Therese, during his apostolic journey, in Juba, South Sudan, February 4, 2023. REUTERS/Thomas Mukoya

Pope Francis addresses a meeting with priests, deacons, consecrated persons and seminarians at the Cathedral of Saint Therese, during his apostolic journey, in Juba, South Sudan, February 4, 2023. REUTERS/Thomas Mukoya

People wait before Pope Francis arrives for a meeting with priests, deacons, consecrated persons and seminarians at the Cathedral of Saint Therese during his apostolic journey, in Juba, South Sudan, February 4, 2023. REUTERS/Yara Nardi

South Sudan’s President Salva Kiir Mayardit receives Pope Francis, Archbishop of Canterbury Justin Welby and Church of Scotland Moderator Iain Greenshields at the Presidential Palace during Pope’s apostolic journey, in Juba, South Sudan, February 3, 2023. REUTERS/Jok Solomun

Pope Francis meets with priests, deacons, consecrated persons and seminarians at the Cathedral of Saint Therese during his apostolic journey, in Juba, South Sudan, February 4, 2023. REUTERS/Yara Nardi

Pope Francis meets with priests, deacons, consecrated persons and seminarians at the Cathedral of Saint Therese during his apostolic journey, in Juba, South Sudan, February 4, 2023. REUTERS/Yara Nardi

Women wait for Pope Francis to arrive for a meeting with priests, deacons, consecrated persons and seminarians at the Cathedral of Saint Therese, during his apostolic journey, in Juba, South Sudan, February 4, 2023. REUTERS/Thomas Mukoya

Altar boys wait for Pope Francis to arrive for a meeting with priests, deacons, consecrated persons and seminarians at the Cathedral of Saint Therese, during his apostolic journey, in Juba, South Sudan, February 4, 2023. REUTERS/Thomas Mukoya
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Take a bow-wow! Meet Bobi, the world“s oldest dog on record

2023-02-04T15:25:08Z

When his dog was born three decades ago in a tiny village in central Portugal, Leonel Costa was only eight years old. Little did he know that his beloved Bobi would one day be recorded as the world’s oldest dog.

When Bobi, a purebred Rafeiro do Alentejo, celebrated its 30th birthday last year, Costa knew he had broken an almost century-old record held by an Australian cattle-dog that died at 29 years and five months in 1939.

Costa got in touch with the Guinness World of Records, submitted all the paperwork and a year later Bobi was officially named the oldest dog on record.

Bobi was 30 years and 269 days old as of Feb. 4.

“It’s a feeling of pride we can’t explain,” Costa, 38, told Reuters as he petted Bobi near a church in the village of Conqueiros in central Portugal.

“Some people told us we wouldn’t make it… but we knew Bobi’s age and were sure the exams would only prove what we already knew.”

The Guinness World of Records, which made the announcement on Thursday, described Bobi’s story as “miraculous”.

At the time Bobi was born, Costa’s family had many animals and little money so his father, a hunter, generally buried newborn puppies rather than keep them. But Bobi hid among a pile of firewood. Costa and his siblings found it a few days later and kept it a secret until the puppy opened its eyes.

“We knew that when he opened his eyes, my parents wouldn’t be able to bury him, ” he said.

Bobi’s breed usually has a life expectancy of 12 to 14 years and Costa attributed its longevity to a number of factors, including living in calm countryside, never having been chained or kept on a leash and always eating “human food”.

“Of course our love and affection throughout his life has also helped,” he said, giggling.

Although Bobi still loves walks, age is taking its toll: the dog is less adventurous, its fur is thinning, its eyesight has worsened and it needs to rest more than it used to.

Costa hopes Bobi has many more years of life and is thankful the dog has put the remote village of Conqueiros on the map.

“There were other animals here who lived long lives but Bobi surpassed everything.”

Related Galleries:

The dog, Bobi, that broke the record for oldest dog ever at 30 years-old, is pictured at Conqueiros, in Leiria, Portugal, February 4, 2023. REUTERS/Catarina Demony

Leonel Costa caresses the dog, Bobi, that broke the record for oldest dog ever at 30 years-old, at Conqueiros, in Leiria, Portugal, February 4, 2023. REUTERS/Catarina Demony

Leonel Costa walks the dog, Bobi, that broke the record for oldest dog ever at 30 years-old, at Conqueiros, in Leiria, Portugal, February 4, 2023. REUTERS/Catarina Demony
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Disney World unions vote down offer covering 45,000 workers

ORLANDO, Fla. (AP) — Union members voted down a contract proposal covering tens of thousands of Walt Disney World service workers, saying it didn’t go far enough toward helping employees face cost-of-living hikes in housing and other expenses in central Florida.

The unions said that 13,650 out of 14,263 members who voted on the contract on Friday rejected the proposal from Disney, sending negotiators back to the bargaining table for another round of talks that have been ongoing since August. The contract covers around 45,000 service workers at the Disney theme park resort outside Orlando.

Disney World service workers who are in the six unions that make up the Service Trades Council Union coalition had been demanding a starting minimum wage jump to at least $18 an hour in the first year of the contract, up from the starting minimum wage of $15 an hour won in the previous contract.

The proposal rejected on Friday would have raised the starting minimum wage to $20 an hour for all service workers by the last year of the five-year contract, an increase of $1 each year for a majority of the workers it covered. Certain positions, like housekeepers, bus drivers and culinary jobs, would start immediately at a minimum of $20 under the proposal.

“Housekeepers work extremely hard to bring the magic to Disney, but we can’t pay our bills with magic,” said Vilane Raphael, who works as a housekeeper at the Disney Saratoga Springs Resort & Spa.

The company said that the proposal had offered a quarter of those covered by the contract an hourly wage of $20 in its first year, eight weeks of paid time off for a new child, maintenance of a pension and the introduction of a 401K plan.

“Our strong offer provides more than 30,000 Cast Members a nearly 10% on average raise immediately, as well as retroactive increased pay in their paychecks, and we are disappointed that those increases are now delayed,” Disney spokesperson Andrea Finger said in a statement.

The contract covers service workers such as the costumed character performers who perform as Mickey Mouse, bus drivers, culinary workers, lifeguards, theatrical workers and hotel housekeepers, representing more than half of the 70,000-plus workforce at Disney World. The contract approved five years ago made Disney the first major employer in central Florida to agree to a minimum hourly wage of $15, setting the trend for other workers in the hospitality industry-heavy region.

A report commissioned last year by one of the unions in the coalition, Unite Here Local 737, said that an adult worker with no dependents would need to earn $18.19 an hour to make a living wage in central Florida, while a family with two children would need both parents earning $23.91 an hour for a living wage.

While a wage of $15 an hour was enough for the last contract, “with skyrocketing rent, food, and gas prices in the last three years, it’s no longer possible to survive with those wages,” the report said.

Before the pandemic, workers with families in the $15 to $16.50 an hour wage bracket could pay their bills. But with inflation causing the price of food and gas to shoot up, an employee earning $15 an hour full time currently makes $530 less than the worker would need to pay for rent, food and gas each month, the report said.

Last month, food service and concessions workers at the Orange County Convention Center voted to approve a contract that will increase all nontipped workers’ wages to $18 an hour by August, making them the first hospitality workers in Orlando to reach that pay rate.

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Follow Mike Schneider on Twitter at @MikeSchneiderAP

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#FBI FBI #DOJ DOJ #ODNI #Election2016 The plotters: Specialists in swaying the elections, in the US (and other Third World countries) & Political-Sexual Scandals, facilitated by the modern day digital technologies. Manafort and Kallstrom – Google Search google.com/search?q=Manaf…

#FBI FBI #DOJ DOJ #ODNI #Election2016

The plotters: Specialists in swaying the elections, in the US (and other Third World countries) &

Political-Sexual Scandals, facilitated by the modern day digital technologies.

Manafort and Kallstrom – Google Search google.com/search?q=Manaf…

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Bodies of Two UK Aid Workers Killed in Ukraine Recovered

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Chris Parry and Andrew Bagshaw were undertaking voluntary work in Soledar.

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Bike desks help Mexican students learn while burning calories

2023-02-04T15:22:06Z

High school students pedal on a bike desk, as part of a program to improve physical health and increase concentration during classes, in San Nicolas de los Garza, Mexico January 30, 2023. REUTERS/Daniel Becerril

Rows of sleek new school desks equipped with bike pedals are allowing students in Mexico to power through their class work while cranking out some light exercise, burning off calories in a country known for its alarming obesity rates.

But for the students at a high school just outside the bustling city of Monterrey, the new bike desks offer benefits beyond exercise.

“When we’re physically active it also helps keep us focused,” said 13-year-old Reimy Rodriguez, in her first year at Public High School 24. “It’s actually incredible.”

A third of all Mexicans are obese and as children age, many pack on the pounds. A recent national study showed about 8% of children under 5 were overweight or obese, which rises to almost 19% for kids between 5-11 years old.

Sanjuanita Garcia, the school’s principal, points to the bike desks’ post-pandemic benefits, especially for boys more vulnerable to excessive weight gain.

“After we got back to in-person classes, we began to observe lots of anxiety among our boys and how obesity shot up,” she said.

“With this project, we’re trying to break down the problem,” she added.

The school currently features two classrooms fully decked out with the new desks, but the plan is to gradually add them to all 21 classrooms.

Miguel Ortiz, founder of the company that built them, wanted to ensure Mexican students could also benefit from the new twist on healthier classrooms after seeing a Canadian school pioneer them.

“We decided to develop a prototype at a viable cost that could be implemented here,” he said, noting each bike desk costs about 2,700 pesos ($142) – about five times less than the Canadian original.

($1 = 18.9550 Mexican pesos)

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WHO report on Ukraine health emergency sparks U.S., Russia row

2023-02-04T15:21:03Z

(Reuters) – The United States and Russia faced off on Saturday over a World Health Organization report on the humanitarian crisis in Ukraine, with Moscow saying it was politically motivated and Washington calling for it to be swiftly updated.

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FILE PHOTO: A logo is pictured at the World Health Organisation (WHO) in Geneva, Switzerland, December 14, 2022. REUTERS/Denis Balibouse

WHO Director General Tedros Adhanom Ghebreyesus’s report was presented to the organisation’s executive board, on which both Russia and the United States sit.

It covered events in the first nine months of 2022 and classed the situation in Ukraine, which Russia invaded on Feb. 24, as one of eight acute global health emergencies.

The report documented more than 14,000 civilian casualties, with 17.7 million people in need of humanitarian assistance and 7.5 million Ukrainian refugees displaced across Europe.

Of 471 attacks with heavy weapons on healthcare facilities globally, 448 occurred in Ukraine, the WHO report said.

Russia’s representative to the WHO board called it politicised and one-sided and described its references to Ukraine as unfounded accusations.

Moscow has denied targeting civilians in Ukraine since it began what it calls a special military operation, which has also devastated Ukraine’s cities, killed thousands of combatants and shaken the global economy.

Sheba Crocker, U.S. representative to the United Nations, called for an updated report to document incidents in Ukraine since September.

“Russia’s attacks … have caused unspeakable harm to civilians and critical infrastructure in Ukraine,” she told the board meeting, according to a statement from her office.

“…This senseless death and destruction falls brutally on children, the elderly, and other vulnerable groups’ access to vital health care,” Crocker added.


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Raise your voices against South Sudan injustice, pope tells Churches

2023-02-04T14:43:33Z

Residents in Juba expressed their hopes for peace on the first full day of a visit by Pope Francis to South Sudan.

Pope Francis said on Saturday Churches in South Sudan “cannot remain neutral” but must raise their voices against injustice and abuse of power, as he and two other Christian leaders conducted a peace mission to the world’s newest country.

On his first full day in South Sudan, Francis addressed Catholic bishops, priests and nuns in the cathedral of St. Therese in the capital Juba as the Archbishop of Canterbury and the head of the Church of Scotland held services elsewhere.

South Sudan broke away from Sudan in 2011 but plunged into civil war in 2013 with ethnic groups turning on each other. Despite a 2018 peace deal between the two main antagonists, bouts of inter-ethnic fighting have continued to kill and displace large numbers of civilians.

“Brothers and sisters, we too are called to intercede for our people, to raise our voices against the injustice and the abuses of power that oppress and use violence to suit their own ends,” Francis said, adding that religious leaders “cannot remain neutral before the pain caused by acts of injustice”.

There are 2.2 million internally displaced people in South Sudan, out of a total population of about 11.6 million, and another 2.3 million have fled the country as refugees, according to the United Nations.

Extreme poverty and hunger are rife, with two thirds of the population needing humanitarian assistance as a result of conflict as well as three years of catastrophic floods.

At the cathedral, Francis heard a nun tell of how two of her fellow sisters were killed in an ambush near Juba in 2021.

“Let us ask ourselves what it means for us to be ministers of God in a land scarred by war, hatred, violence, and poverty,” Francis said, and later led prayers for them.

“How can we exercise our ministry in this land, along the banks of a river bathed in so much innocent blood?” he asked, referring to the White Nile that runs through the country.

Francis, Archbishop of Canterbury Justin Welby and the Church of Scotland Moderator Iain Greenshields will meet people displaced by war and hear their stories later on Saturday.

The three Christian leaders, on an unprecedented “pilgrimage of peace”, will later take part in an open-air ecumenical prayer vigil at a mausoleum for South Sudan’s liberation hero John Garang, with 50,000 people expected to attend.

The joint visit is the first of its kind in Christian history.

South Sudan is predominantly Christian and tens of thousands of people lined the streets of the capital Juba to welcome the pope with singing, drumming and ululations on Friday when he arrived from a visit to Democratic Republic of Congo.

In a strongly worded speech to South Sudan’s leaders including its previously warring President Salva Kiir and Vice-President Riek Machar, Francis implored them to renounce violence, ethnic hatred and corruption.

At the same event, Welby said he was grieved that violence had continued after the 2018 peace deal and a 2019 gathering at the Vatican during which the pope knelt to kiss the feet of the warring leaders, begging them to bring peace to South Sudan.

“I am sad that we still hear of such tragedy. We hoped and prayed for more. We expected more. You promised more,” Welby told the assembled leaders.

In his own speech, Kiir said his government was firmly committed to consolidating peace in South Sudan.

Related Galleries:

People wait before Pope Francis arrives for a meeting with priests, deacons, consecrated persons and seminarians at the Cathedral of Saint Therese during his apostolic journey, in Juba, South Sudan, February 4, 2023. REUTERS/Yara Nardi

South Sudan’s President Salva Kiir Mayardit receives Pope Francis, Archbishop of Canterbury Justin Welby and Church of Scotland Moderator Iain Greenshields at the Presidential Palace during Pope’s apostolic journey, in Juba, South Sudan, February 3, 2023. REUTERS/Jok Solomun

Pope Francis meets with priests, deacons, consecrated persons and seminarians at the Cathedral of Saint Therese during his apostolic journey, in Juba, South Sudan, February 4, 2023. REUTERS/Yara Nardi

Pope Francis meets with priests, deacons, consecrated persons and seminarians at the Cathedral of Saint Therese during his apostolic journey, in Juba, South Sudan, February 4, 2023. REUTERS/Yara Nardi

Women wait for Pope Francis to arrive for a meeting with priests, deacons, consecrated persons and seminarians at the Cathedral of Saint Therese, during his apostolic journey, in Juba, South Sudan, February 4, 2023. REUTERS/Thomas Mukoya

Altar boys wait for Pope Francis to arrive for a meeting with priests, deacons, consecrated persons and seminarians at the Cathedral of Saint Therese, during his apostolic journey, in Juba, South Sudan, February 4, 2023. REUTERS/Thomas Mukoya

Pope Francis speaks during a meeting with priests, deacons, consecrated persons and seminarians at the Cathedral of Saint Therese during his apostolic journey, in Juba, South Sudan, February 4, 2023. REUTERS/Yara Nardi

Pope Francis addresses a meeting with priests, deacons, consecrated persons and seminarians at the Cathedral of Saint Therese, during his apostolic journey, in Juba, South Sudan, February 4, 2023. REUTERS/Thomas Mukoya

Pope Francis addresses a meeting with priests, deacons, consecrated persons and seminarians at the Cathedral of Saint Therese, during his apostolic journey, in Juba, South Sudan, February 4, 2023. REUTERS/Thomas Mukoya
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Indian watchdog tells investors markets stable despite Adani rout

2023-02-04T14:38:42Z

India’s market regulator moved to calm investor concerns on Saturday, saying that its financial markets remain stable and continue to function in a transparent and efficient manner, despite recent dramatic stock falls in Adani Group companies.

Shares in Adani Group firms, controlled by billionaire tycoon Gautam Adani, have dropped by $100 billion, or half their market value, since U.S-based short-seller Hindenburg Research made allegations of stock manipulation and unsustainable debt.

“During the past week, unusual price movement in the stocks of a business conglomerate has been observed,” the Securities and Exchange Board of India (SEBI) said in a statement, without naming any specific entity.

The Adani Group denies all Hindenburg’s allegations, but the fall in the value of its stocks led it to call off earlier this week a $2.5 billion share sale by Adani Enterprises (ADEL.NS).

Mechanisms were in place to address excessive volatility in specific stocks, SEBI said, adding these were automatically triggered under certain conditions of stock price volatility.

Any matters related to specific entities will be examined and appropriate action will be taken, the regulator added.

Reuters earlier reported that SEBI was examining the recent crash in the Adani Group’s shares and looking into any possible irregularities.

The comments follow a similar assurance from the central bank which said that the banking sector remained stable.

Shares of the group’s flagship company stabilised somewhat on Friday and closed 1.4% higher, after earlier slumping 35% to hit their lowest level since March 2021. That low took its losses to nearly $33.6 billion since last week, a 70% fall.

Earlier on Saturday, India’s Finance Secretary TV Somanathan said that from a macroeconomic perspective, the Adani issue is a “storm in a teacup”, while Finance Minister Nirmala Sitharaman said regulators are independent and will take their own action.

Meanwhile, Anand Mahindra, Chairman of Mahindra Group, another of India’s biggest conglomerates tweeted on Saturday that investors should “never, ever bet against India” despite “current challenges in the business sector”.

Mahindra did not directly mention Adani Group.

Related Galleries:

A woman walks past the logo of the Securities and Exchange Board of India (SEBI), at its headquarters in Mumbai, India, May 27, 2022. REUTERS/Francis Mascarenhas

Traffic moves past the logo of the Adani Group installed at a roundabout on the ring road in Ahmedabad, India, February 2, 2023. REUTERS/Amit Dave


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