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Business EYE DECEMBER 11, 2020 | The Indian Eye 29

BUSINESS BRIEFS

Adani group seeks india slips to 54th rank in

action against fake news home price appreciation:

wrongdoers Knight Frank

dani Group has written the prominent business hous- ndia moved down seven In the 12-month percent-
a letter to Union Min- es through fake news on Twit- spots in the global home age change for the period Q3
Aister for Law and Jus- ter, urging several Twitterati to Iprice index to 54th rank in 2019 to Q3 2020, Turkey con-
tice Ravi Shankar Prasad over participate in a 'Tweetstorm', to the third quarter (July to Sep- tinues to lead the annual rank-
a planned attempt to malign systematically wreak havoc has tember) against 47th rank in ings with prices up by 27.3 per
the reputation of the prominent surfaced when the Indian gov- Q3 2019 with a decline of 2.4 cent year-on-year, followed by
business houses through fake ernment has launched a cam- per cent year-on-year in home New Zealand at 15.4 per cent
news on Twitter to systemati- paign focusing on making India prices, Knight Frank said on and Luxembourg with 13.4 per
cally wreak havoc even as the self-reliant in various sectors to Friday. cent.
Centre has launched a cam- promote investments and gen- In the performance com- Morocco was the weak-
paign focusing on making India erate jobs locally," Adani Group pared to previous quarter (Q2 est-performing territory in Q3
self-reliant in various sectors to wrote in the letter. 2020), the ranking remains un- 2020 with home prices fallen to
promote investments and gen- "It is vital to determine the changed to 54th spot among 3.3 per cent.
erate jobs locally. source of these conspiratori- the 56 countries and territo-
The company sought al operations targeting Indian ries tracked in Q3 2020 index. The Knight Frank report high-
Prasad's intervention, stating institutions and businesses in Knight Frank's global house lighted that in Q3 2020, ire-
that "as a country, we must ad- order to protect public monies price index tracks the move-
dress this nexus of foreign-fund- invested in such businesses," ment in mainstream residential land, spain, india and Hong
ed activism against Indian com- the company said in the letter, prices across 56 countries and Kong witnessed the weakest
panies". "A planned attempt a copy of which was accessed by territories worldwide using of- price growth year-on-year.
to malign the reputation of ANI. ficial statistics.

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