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This is Nelson John, and I'll bring you the top business and tech stories, let's get started.
IndusInd Bank's derivatives issue is an isolated case, says RBI. The Nifty Midcap index sees its biggest jump since June 2024, Adani Group eyes medical tourism with its airport-linked hospital plan and Vodafone Idea explores a Starlink partnership for satellite internet. Plus, IPL 2025 is a goldmine for influencers, and Google's $32 billion Wiz deal shakes up cloud wars. Tune in for all this and more!
In part two, political economist Patrick Bond outlines the activities of Glencore and other South African energy corporations which continue to ship coal to Israel's electricity grid. Despite the historic efforts of South Africa to bring a genocide case against Israel at the International Court of Justice, as well as its involvement in the Hague Group to demand enforcement of international rulings on Israel's unlawful occupation, Bond discusses South African policies and crony capitalist transactions which ultimately undermine these Palestine solidarity initiatives. With corporations such as India's Adani Group heavily invested in Israel's economy, Bond exposes the contradictions in BRICS' stance towards Israel.
Tech Leaders Push Longer Workweeks: Brin Advocates 60-Hour Grind for AI Race Google co-founder Sergey Brin is urging employees to work 60-hour weeks, believing it's crucial for winning the race toward Artificial General Intelligence (AGI). His stance aligns with Infosys' Narayana Murthy, who suggested 70-hour workweeks for young Indians, and L&T's SN Subrahmanyan, who went even further with 90-hour weeks. In an internal memo, Brin stressed that with OpenAI and Microsoft closing in, Google must double down on effort. He encouraged engineers to use the company's AI models for coding efficiency, reinforcing the message that AI's future won't wait. But will employees embrace this relentless work culture? Adani Eyes U.S. Expansion Amid Legal Woes Despite bribery allegations, Adani Group is reviving plans to invest in U.S. infrastructure, including nuclear power, utilities, and an East Coast port. Founder Gautam Adani faces accusations of bribing Indian officials to secure power deals, while the U.S. SEC is investigating a $265 million fraud scheme involving his nephew, Sagar Adani. The group denies the charges and is exploring legal options. Adani has pledged $10 billion toward U.S. energy security, potentially creating 15,000 jobs, banking on Trump's pro-energy policies. This isn't its first U.S. venture—the group previously considered Texas petrochemical investments. However, with mounting legal scrutiny, its American ambitions face uncertainty. India's Semiconductor Push: A Slow Climb Up the Value Chain India's $10 billion semiconductor Production-Linked Incentive (PLI) scheme, launched in 2021, signals a long-term ambition to build a Silicon Valley-like ecosystem. Semiconductor manufacturing is capital-intensive, with a single fab costing up to $20 billion. Countries like Taiwan and South Korea dominate through subsidies, tech transfers, and strategic alliances—tactics India has been slower to adopt. So far, India has focused on the assembly, testing, and packaging (ATP) segment, with actual payouts totaling just $2 billion since 2023. Meanwhile, semiconductor imports have shifted away from China, with Taiwan and South Korea now supplying nearly a third of India's chips. With the U.S. restricting tech transfers to China, India has a unique opportunity to move up the value chain. But will global players bet big on India? That remains the billion-dollar question. Bitcoin vs. Gold: One Soars, the Other Stumbles Bitcoin and gold, often compared as stores of value, are charting very different paths. Since peaking at $109,000 in January, Bitcoin has plunged 24%, while gold has climbed nearly 8%. The reason? Market sentiment. Bitcoin behaves like a speculative asset, swayed by AI spending trends, tariffs, and Trump's unpredictable policies, which have triggered a broader market pullback. In contrast, gold benefits from central bank purchases and geopolitical instability. Analyst Eric Wallerstein predicts gold could reach $4,000 by the decade's end. Meanwhile, Bitcoin remains volatile—BlackRock estimates its annual price swings at 50%, far above gold's 15%. As uncertainty looms, investors are opting for the stability of gold, leaving Bitcoin in pursuit of reliability.
This is the Catchup on 3 Things by The Indian Express and I'm Flora Swain.Today is the 13th of February and here are the headlines.Prime Minister Narendra Modi is set to hold talks with US President Donald Trump, after his meeting with the country's intelligence chief Tulsi Gabbard. PM Modi is currently on a two-day visit to the United States, landing in Washington DC after wrapping up his visit to France where he co-chaired the Paris AI Action Summit alongside French President Emmanuel Macron. PM Modi is set to be the third foreign leader to be hosted by the White House since President Trump took office on January 20 for the second term.Meanwhile, in news from the parliament, Union Minister for Finance Nirmala Sitharaman introduced the new Income Tax bill in Lok Sabha. The new Income Tax Bill will replace the six-decade old Income Tax Act and will likely come into effect from April 1, 2026. With no major structural changes in the new Bill, experts say its majorly a simplification exercise and its key features are — crisp language, removal of extra provisos and explanations along with expanded definition of income. In the new I-T Bill, virtual digital assets have been included in the definition of property to be counted as a capital asset of the assessee and several provisions have been provided in tabular format such as tax deducted at source provisions, presumptive taxation rates, assessment time limits among others.In other news, The Adani Group has withdrawn from a 484 megawatt wind project in northern Sri Lanka after the government in Colombo allegedly moved to renegotiate the terms of the project. Adani Green Energy Ltd told Sri Lanka's Board of Investment yesterday that it would “respectfully withdraw” from the wind project following discussions with officials who indicated that fresh committees would be formed to “renegotiate the project proposal”. The wind project has been under intense scrutiny since the election of Sri Lanka's President Anura Kumara Dissanayake in September last year, after he promised to cancel the “corrupt” project in the runup to the elections.Meanwhile, facing growing revenue and fiscal deficits and a mounting debt, the Mamata Banerjee government diverted some of its spending on social welfare from its flagship Lakshmir Bhandar scheme to one for building rural houses, in the Budget tabled yesterday. The Chief Minister, who has accused the Centre of not releasing “a single paisa” for the PM Awas Yojana in Bengal, had announced the Banglar Bari housing scheme in December last year.In news from Maharashtra, Shiv Sena (UBT) leader Aaditya Thackeray met Congress leader Rahul Gandhi in Delhi today amid speculations of trouble within the Maha Vikas Aghadi (MVA) alliance in Maharashtra after NCP (SP) chief Sharad Pawar recently felicitated Shiv Sena chief and Maharashtra Deputy Chief Minister Eknath Shinde. Thackeray, the former Maharashtra minister, is also likely to meet AAP national convenor and former Delhi CM Arvind Kejriwal later in the day.This was the Catch Up on 3 Things by the Indian Express
Marketbuzz Podcast: Indian markets may open in the red according to the GIFT Nifty. Watch out for stocks like HUL, UltraTech, Adani Group stocks, Coforge and others.
This is the Catchup on 3 Things by The Indian Express and I'm Flora Swain.Today is the 16th of January and here are the headlines.The Indian Space Research Organisation (ISRO) successfully docked its SpaDeX satellites on Thursday, after bringing them within 3 meters of each other. Following the docking, ISRO confirmed the satellites were functioning as a single unit. The space agency mentioned that undocking and power transfer checks would follow in the coming days. The docking process had previously been delayed twice, on January 7 and 9, due to technical issues. The satellites were launched on December 30.Saif Ali Khan, after undergoing surgery for stab wounds sustained in a home attack, is now in stable condition, according to doctors at Lilavati Hospital. The attack occurred early Thursday when an intruder stabbed Khan multiple times, including a serious wound near his spine. Police believe the attacker may be linked to a domestic worker who allowed him entry. The intruder was briefly locked in a room but managed to escape. Theft is suspected as the motive.Nearly 50,000 international students failed to show up at Canadian colleges and universities in March-April 2024, with Indian students making up a significant portion. Of the 20,000 “no-shows,” 5.4% were from India, representing a sizeable portion of the country's study permit holders. This data, compiled under the International Student Compliance Regime, highlights the non-compliance of 6.9% of international students, prompting educational institutions to report on enrolment twice a year to ensure adherence to study permits.Hindenburg Research, the US-based short seller whose allegations caused significant financial turmoil, including for India's Adani Group, has announced its closure. The decision to disband the firm came shortly after US Congressman Lance Gooden wrote to Attorney General Merrick Garland, asking for clarification on the US Department of Justice's case against Adani. The letter highlighted concerns over the investigation's focus on a foreign company while Hindenburg's own role in global financial disruptions has been scrutinized.A ceasefire agreement between Hamas and Israeli negotiators is set to end the 15-month Gaza conflict, with the deal taking effect on January 19. The agreement, brokered by US President Joe Biden, includes swapping hostages for imprisoned Palestinians in Israel. Biden, who played a pivotal role in the negotiations, views this achievement as a significant foreign policy legacy. While he is credited with ending the bloodiest phase of the Israel-Gaza conflict, he shares this accomplishment with his successor, Donald Trump.This was the Catch Up on 3 Things by the Indian Express.
Voordat je rode oortjes krijgt, we bedoelen een chip-triootje: ASML, ASMI en Besi. Die aandelen stijgen hard na goed nieuws van chipmaker TSMC. Vooral de winst valt op. Deze aflevering kijken we of de Nederlandse chipbedrijven dat kunstje ook kunnen flikken. De AEX-droom van Fastned spat uiteen. Het bedrijf wordt door beleggers aan de kant gezet. Fastned heeft last van de trage groei van elektrische auto's en moet daardoor ook het eigen groeitempo terugschakelen. Over de AEX gesproken, die gaat op de schop. Nu bestaat de index nog uit 25 namen, dat moeten er binnenkort 30 worden. Maar schiet je daar als belegger ook wat mee op? En een doorbraak voor Jeff Bezos: hij lanceert een 100 meter lange raket met zijn Blue Origin. Daarmee wordt hij een serieuze concurrent voor SpaceX, van Elon Musk. See omnystudio.com/listener for privacy information.
Welcome to CNBC-TV18's Marketbuzz Podcast. Here are all the top developments from around the world ahead of the trading session of January 15 -The Nifty 50 index opened with a gap-up on Tuesday and edged higher during the initial trades. However, pressure on select heavyweight stocks limited the recovery. Eventually, the index closed the day 90 points higher at 23,176. A rebound in global markets and easing domestic CPI inflation provided respite to broader indices. -Financial heavyweights, along with Adani Group stocks, lifted the Nifty, with Adani Group stocks seeing healthy gains of up to 18%. All Nifty Bank constituents closed in the green. Select PSU banks, including Central Bank of India, UCO Bank, and Indian Overseas Bank, surged following news that the government had approved a ₹10,000 crore fundraising plan for five state-run lenders through the Qualified Institutional Placement (QIP) route. -Nagaraj Shetti of HDFC Securities said that the near-term trend of Nifty remains weak and he expects this upside bounce could be a sell on rise opportunity around 23350 levels. Immediate support is at 23050 levels. -The Gift Nifty was trading near the flatline indicating a muted start for the Indian market. -Stocks to watch: Adani Green, IRFC, SAIL, Vedanta, Sula Vineyards -Earnings: HDFC Life Insurance, CEAT, Oracle Financial Services Software, L&T Technology Services, Bank Of Maharashtra -Asian stocks saw small gains while the dollar steadied as traders awaited US inflation data for clues on the path of Federal Reserve policy. The MSCI Asia Pacific Index was up 0.1%, with advances in South Korea and Japan offset by losses in some Chinese shares. US equity futures edged higher. The dollar gauge was little changed after dropping 0.4% in the previous session. -All eyes are on Wednesday's consumer price index, which is likely to cause further ripples through global markets after traders pushed back bets on Fed easing following signs of a robust US economy. The muted sentiment is in contrast to optimism that swept across Asia in the previous session, buoyed by a report that Donald Trump's incoming team is considering gradual tariff hikes. -In commodities, oil edged higher after dropping by the most in more than a month as the impact of US sanctions against Russian flows continued to reverberate. Tune in to Marketbuzz Podcast for more cues
P&C drink a well-aged bourbon barrel stout from Goose Island to celebrate the general effect Trump is already having on the culture. In recent news, Mark Zuckerberg announced a big change in the way Meta will monitor and censor content. It's a huge step in the right direction. The Trump effect goes further. Before even taking office, Trump is pushing things in the right direction, including ... His approval rating is higher than it's ever been. Tucker Carlson gave a great speech about how the spell has been broken. The left used to tell us that all polite, right-thinking people thought a certain way. Now we know that's not true. We see more foreign investments in the U.S. - Softbank Grop has pledged to invest $100 billion in U.S. projects. (Trump asked for $200 billion on live TV.) - DAMAC Properties plans to invest at least $20 billion in U.S. data centers - Adani Group plans to invest $10 billion in U.S. energy security and infrastructure. Steve Madden announced that they're slowing manufacturing in China and moving it to the U.S. Putin says he's ready to work for a peaceful solution in Ukraine. Many companies are reversing course on DEI, ESG, etc. NATO members have pledged to up their commitments. The so-called "mainstream media" is falling apart. MSNBC is up for sale. CNN has announced more hard news and less opinion. The Wash Post has promised to moderate their message. Hamas, the Houthis, and Hezbollah seem to be toning things down a little. China is toning down rhetoric about Taiwan. Some migrant caravans are turning back, and Mexico is showing signs of helping. Trudeau is gone in Canada. Trump is already winning even before taking office.
This is the Catchup on 3 Things by The Indian Express and I'm Ichha Sharma.Today is the 2nd of January and here are the headlines.The Supreme Court slammed the Punjab government today over the hunger strike by farm leader Jagjit Singh Dallewal, saying that the state's attitude appeared to be against reconciliation and its officials were spreading the wrong impression that the court is trying to persuade Dallewal from breaking his fast. Justice Surya Kant, presiding over a two-judge Bench said, quote, “There appears to be a deliberate attempt in the entire media where your state government officers are trying to create an impression that there is a persuasion by the court to Mr Dallewal to break the fast. That's why he is probably reluctant”, unquote.Andhra Pradesh Chief Minister N Chandrababu Naidu has said that the Solar Energy Corporation of India's agreement to purchase power from the Adani Group was an advantage for the state government and any action on the bribery charges would be taken only after a thorough examination of the records. On Tuesday, speaking at Vijayawada, the CM said that the state government cannot scrap contracts unless there is adequate proof of irregularities. The development comes more than a month after Gautam Adani's indictment in the United States over allegations of bribing Indian government officials for securing “lucrative solar energy supply contracts”.The Chattogram Court in Bangladesh has denied bail to monk Chinmoy Krishna Das Brahmachari, in a hearing held under tight security today. Bangladesh Supreme Court lawyer Apurba Bhattacharya and 10 others had appeared before the court to represent the monk. The bail request was turned down after about 30 minutes of hearing both parties' arguments. Chinmoy Krishna Das, spokesperson of Bangladesh Sammi lito Sanatani Jagran Jote, was arrested on November 25 in Bangladesh on charges of sedition.After 40 years, the process of relocating the toxic waste from Bhopal's Union Carbide factory began Wednesday night when 12 containers carrying 337 metric tonnes of hazardous waste departed for Pithampur. Officials said the waste is being transported under tight security through a 250 km-long green corridor. Each container has a unique identification number, and detailed route information has been shared with the district administration and police. The chosen route was selected to minimize traffic disruptions at night. The specialised containers, which are moving at a speed of 40-50 km per hour, will halt briefly at designated points. Along with the containers, police escorts, ambulances, fire brigades, and a quick response team are accompanying the convoy. Each container is manned by two drivers.A terrorist attack on New Year's Day in New Orleans left 15 dead and over 30 injured when a pickup truck rammed into a crowd on Bourbon Street. The suspect, identified as Shamsud Din Jabbar, was killed in a gunfight with police after the attack. Speaking on the incident, US President Joe Biden said that every resource is being utilized to ensure there is no threat to the American people. He further said that law enforcement is investigating any possible connection between the “terror attack” and the Tesla Cybertruck explosion in Las Vegas.''This was the Catch Up on 3 Things by The Indian Express.
Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of December 2 -Going ahead, the market will react to the weak Q2 GDP data for India, which came at 5.4%, against an expectation of 6.5% and also China's manufacturing PMI, which rose to 50.3 in November, signaling accelerated expansion. -Just as the bulls were preparing for a comeback of sorts for the Nifty in the December series on Friday, then came the second quarter GDP numbers which turned out to be well below expectations. -Nagaraj Shetti of HDFC Securities believes the upside bounce of Friday is indicating a comeback of bulls after one day of decline. Further up move is expected from here and Nifty is likely to challenge the immediate hurdle of 24,350 and move higher by next week. -This morning, the GIFTNifty was trading with a premium of 60 points from Nifty Futures' Friday close, indicating a gap-up start for the Indian market. -Stocks to track: Cochin Shipyard, KEC International, Adani Enterprises, RBL Bank, Bajaj Finance, auto stocks -Asian stocks edged higher after US shares rose Friday as global markets enter a seasonally strong period. The euro weakened amid a dispute over the French budget. The MSCI gauge of Asian shares headed for a second day of gains with benchmarks in South Korea and Australia among those gaining. The euro slipped after France's far-right leader Marine Le Pen gave the strongest indication yet that she's prepared to topple the government as soon as this week. -Emerging market assets including China's yuan and South African rand may face volatility after US President Donald Trump warned BRICS nations he will require a commitment that they won't create a new currency, or favor another in a bid to displace the US dollar in global trade. Should they not meet Trump's demands, he threatened to lob 100% tariffs on their goods entering the US. -In commodities, oil rose in early trading amid heightened Middle East tensions. -Adani Group founder Gautam Adani responded for the first time to allegations by US authorities that he was part of a $265 million bribery scheme, saying that his ports-to-power conglomerate was committed to world class regulatory compliance. The indictment is the second major crisis to hit Adani in just two years, sending shockwaves across India and beyond. Meanwhile, the Indian government has termed the issue “legal matter involving private individuals and private entities and the US Department of Justice”. -Devendra Fadnavis is leading the race for the Maharashtra CM post Tune in to the Marketbuzz Podcast for more cues
In today's episode for 29th November 2024, we tell you why GQG, an investment management company, may be stuck in a dilemma over its support for the Adani Group. Speak to Ditto's advisors now, by clicking the link here - https://ditto.sh/9zoz41
Vivendi prepares to spin off Canal+ for a London listing. Christine Lagarde says trade wars threaten global GDP. Sir Alex Younger, former head of UK's MI6, discusses Tulsi Gabbard, Donald Trump's proposed director of national intelligence. Plus, Adani Group's infrastructure projects in Kenya hit a roadblock.Mentioned in this podcast: London's snaring of France's Canal+ to revive moribund listing market‘Adios Adani!' Bribery charges threaten group's Africa ambitionsThe FT News Briefing is produced by Mischa Frankl-Duval, Josh Gabert-Doyon, Lulu Smyth, Ethan Plotkin, Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Indian billionaire Gautam Adani, his nephew Sagar Adani, and six others face US charges over an alleged $US265 million bribery scheme. The Adani Group, which oversees global infrastructure projects, including in Australia, has issued a statement denying any involvement of the company or its executives in civil or criminal offences and vowed legal action. Corporate litigation lawyer Dr Apurva K Sharma told SBS Hindi that while Adani is indicted, not convicted, the case could harm the conglomerate's reputation. She also praised Australia's strong laws for safeguarding against corporate fraud.
India's parliament has been suspended after clashes broke between the BJP and Congress party. The opposition party has been demanding answers regarding bribery charges related to Adani Group. How will US fraud charges affect Indian economy? Also, we look at Mexican trade deals with the US and hear from Jorge Castaneda, the former Mexican Foreign Minister. We find out how the busiest night of the year will be managed by one of the biggest airlines in the US. And why rapper Drake is accusing record label Universal Music and streaming platform Spotify of defamation.You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033. We would love to hear from you!
In episode 190 of PG Radio, Prakhar and Abhijit Iyer-Mitra explore the recent indictment of the Adani Group, discussing its potential impact on India's economy and its standing on the global stage. They also dive into the latest developments in the Russia-Ukraine war, analyzing military strategies, and the broader geopolitical implications. Abhijit Iyer-Mitra is a senior fellow at the Institute of Peace and Conflict Studies with a focus on military strategy and foreign policy. Known for his candid and often provocative commentary, he offers unique insights on topics ranging from defense and international relations to regional conflicts. With extensive experience in analyzing geopolitical dynamics, Abhijit is a respected voice in discussions on India's security and global positioning. Recording Date: 25 November, 2024 This is what we talked about: 00:00 - Is American conspiring against Adani? 00:13 - Adani works with the Indian Government 04:38 - Bribery and it's reality 08:10 - All the details about the indictment 17:55 - Did Adani actually bribe the officials? 22:08 - Is this a genuine indictment? 33:30 - Is Congress Pro-China? 46:58 - What are the real causes of Delhi Pollution? 1:08:00 - Recent events of the Russia-Ukraine War 1:16:40 - Why is George Soros Pro-china? 1:28:28 - Can Trump stop the Russia-Ukraine War? 1:32:27 - Prakhar's analysis
This is the Catchup on 3 Things by The Indian Express and I'm Flora Swain.Today is the 27th of November and here are the headlines.Parliamentary ProtestsThe proceedings in both Houses of Parliament were adjourned after Opposition MPs raised slogans demanding discussions on issues like the Adani bribery case, Sambhal violence, and rising crime in Delhi. In the Rajya Sabha, Chairman Jagdeep Dhankar rejected 18 notices for a joint parliamentary probe into the Adani bribery charges and other matters. As protests escalated, MPs began shouting slogans, leading to the adjournment. Meanwhile, a parliamentary committee on the Waqf (Amendment) Bill will meet today to review suggestions, but Opposition members are asking for more time to finish their work.Adani Group's ClarificationAdani Green Energy (AGEL) clarified that neither Chairman Gautam Adani, his nephew Sagar Adani, nor Managing Director Vneet Jaain have been charged under the US Foreign Corrupt Practices Act (FCPA). The statement comes after reports suggested charges against the trio. Senior lawyer Mukul Rohatgi also confirmed that neither Gautam nor Sagar Adani face charges in the serious counts of the US prosecutors' five-count indictment. AGEL's clarification aims to clear any confusion about the involvement of its top executives in alleged violations.Delhi Air Quality UpdateDelhi's air quality remains in the “very poor” category with an AQI of 301, improving slightly from Monday's 392. Areas like Mundka and Bawana recorded the worst levels. Due to the pollution, schools in Delhi switched to a hybrid model with both in-person and online classes, as mandated by the Supreme Court. The temperature dipped to 11.6°C, and visibility at the airport was reduced to 1,600 meters. Authorities have forecast a mainly clear day ahead, though pollution concerns persist.Lebanon-Israel CeasefireA ceasefire between Israel and Hezbollah in Lebanon took effect, following an agreement brokered by the US and France. Hamas expressed support for Lebanon's efforts to protect its people and hopes for a broader deal to end the Gaza war. While international peace efforts remain stalled, Lebanon's military is preparing to deploy in the south to help maintain the ceasefire, urging residents near the border to stay away until the Israeli military retreats. This marks a tentative step toward reducing tensions in the region.Pakistan Protest UpdatePakistan's Tehreek-e-Insaf (PTI) party, led by former PM Imran Khan's wife Bushra Bibi, called off a planned sit-in protest in Islamabad. The decision came after violent clashes between security forces and protesters. The PTI had attempted to march towards the D-Chowk, but security forces used tear gas to disperse them. PTI leaders, including Khyber Pakhtunkhwa CM Ali Amin Gandapur, urged protesters to return home, citing a temporary pause in the movement.This was the Catch Up on 3 Things by The Indian Express.
S&P futures are down (0.02%), pointing to a flat open. Both Asian and European markets are lower today. Asia top stories include the Chinese sovereign bond yields declining toward record lows, and Adani Group stocks in India facing further selling pressure amid SEC bribery allegations. For Europe, UK finance minister Rachel Reeves pledged no further tax hikes for businesses until the next election. Companies Mentioned: Amazon, Apple, Tesla, Poseida Therapeutics
Marketbuzz Podcast: Indian markets may open marginally higher according to the GIFT Nifty. Watch out for stocks like Adani Group stocks, Zomato, Swiggy and others.
From the BBC World Service: The company owned by the Indian billionaire Gautam Adani, says they're in good shape to handle their debts, despite some serious challenges. And the British government is planning changes to workers’ rights that it says are the biggest improvement in a generation. But how will businesses foot the bill?
From the BBC World Service: The company owned by Indian billionaire Gautam Adani, says they're in good shape to handle their debts, despite some serious challenges. And the British government is planning changes to workers’ rights that it says are the biggest improvement in a generation. But how will businesses foot the bill?
US equity futures are higher this morning, following gains in European markets, which are seeing broad-based strength. Asian markets closed mostly higher, Treasury yields dipped again in Asia trade Monday alongside the US dollar. Scott Bessent's nomination as Treasury Secretary over the weekend has drawn significant attention. The market views Bessent as a market-friendly choice, emphasizing fiscal restraint alongside a pro-growth agenda. Meanwhile, fallout from the US SEC indictment of Gautam Adani continues to weigh on Adani Group assets.Companies Mentioned: Samsung Electronics, Nvidia, Intel, Apple
Bangladesh chief adviser Muhammad Yunus has recommended appointment of a 'reputed law & investigative firm' to assist in review of at least 7 power contracts signed during Hasina regime.
Few days ago, the United States Department of Justice (DOJ) issued an indictment against executives of the Adani Group for orchestrating a massive bribery scheme to secure solar energy contracts worth billions of dollars in India. The indictment specifically states that, between July 2021 and February 2022, the Adanis and their associates promised bribes to Indian government officials to secure agreements with state-run electricity distribution companies, which in turn entered into power supply agreements with the Solar Energy Corporation of India (SECI). The contracts were expected to generate profits of approximately US$2 billion over the next two decades, according to the petition. However, a year ago in November 2023, Adani (like Milele Energy in Sierra Leone) received US$553 million debt financing from the United States International Development Finance Corporation (DFC) to fund the Colombo Port Terminal in Sri Lanka, a project in which the Adani Group held 51% ownership. In Sierra Leone, Milele Energy similarly received over US$400 million in DFC debt financing for a corruptly awarded energy project in Freetown. The contract relating to the Western Area Power Generation Project was never advertised or put on a public tender, and was secretly awarded to Milele Energy executives by Julius Maada Bio following deal arrangements and negotiations brokered in Lebanon, Nairobi, Dubai, and Freetown between 2021 and 2023. In this episode, we ask what are the implications of the Adani Group indictment for Milele Energy's corrupt acquisition of Sierra Leone's Western Area Power Generation Project? Also, what is the relationship between the Adani Group corruption case and our ongoing efforts to scrutinize corrupt acquisition of critical infrastructure and service related contracts by US financed corporations in Sierra Leone, including Milele Energy and the Summa Group? Thus, we point out the need to investigate DFC's operation in Sierra Leone from 2021 to present. This episode is part of the Voice from Exile series of the Africanist Press.
This is the Catchup on 3 Things by The Indian Express and I'm Ichha Sharma.Today is the 22th of November and here are this week's headlines.Karnataka's Anti-Naxal Force shot and killed fugitive Naxal leader Vikram Gowda in a gunbattle on Monday night in Udupi. The 44-year-old had been a key member of the banned CPI (Maoist) group, considered one of the last remaining major Naxal leaders from Karnataka. His death follows the 2021 arrest of another top leader, B.G. Krishnamurthy. With Gowda's death, the remaining underground Naxals in Karnataka come down to just seven, including four women.Delhi's air quality hit alarming levels early Tuesday, with an AQI of 492, placing the capital in the "severe-plus" category. Certain areas, including Alipur and Anand Vihar, surpassed the 500 mark. This means Delhi residents are breathing in pollutants equivalent to 50 cigarettes a day, posing serious health risks to everyone, not just those with pre-existing conditions. The government has implemented its highest emergency measures, and the Supreme Court has ordered these actions to remain in place until further notice. Additionally, Delhi's Environment Minister Gopal Rai announced a 50% work-from-home policy for both private and government offices due to severe air pollution.As polling concluded in Maharashtra and Jharkhand, urban voter ahpathy remained a challenge for the Election Commission, which frequently ran campaigns to encourage people to come out in large numbers and vote. Despite being the state's largest city and the country's financial and entertainment hub, Mumbai recorded the lowest vote turnout at 51.27 per cent, just 1 per cent higher than 48.4 per cent turnout in 2019. Meanwhile, Gadchiroli saw the highest turnout at 69.63 per cent. In Jharkhand, Jamtara recorded the highest turnout at 76.16 per cent, while Bo-ka-ro had the lowest at 60.97 per cent. After casting his vote in Thane, Maharashtra Chief Minister Eknath Shinde expressed his confidence in securing a thumping victory in the ongoing Assembly polls. Shinde said, quote “People have seen their two-and-a-half years of rule vis-a-vis the work done by us in the same amount of time. People will vote for development and for the work done by us,” unquote.In a major legal development, US prosecutors have indicted Gautam Adani, the chairman of Adani Group, along with seven others, accusing them of orchestrating a $250 million bribery scheme. The charges allege the group bribed Indian officials to secure power contracts in India. Alongside the indictment, the US SEC is seeking penalties and a jury trial for Adani and his associates, citing their operations in the US and impact on American investors. The political war over the Adani bribery case heats up as Congress leader Rahul Gandhi accuses the Indian government of supporting Gautam Adani, who was indicted in the US for allegedly offering over $200 million in bribes. BJP spokesperson Sambit Patra hit back, accusing Congress of destabilizing Indian markets with false propaganda. He questioned why Congress-ruled states had welcomed Adani's investments despite the controversy.On the global front, Russia launched an intercontinental ballistic missile from its southern Astrakhan region in an attack against Ukraine. Kyiv's air force said this is the first time since the war broke out that Russia has used a long-range missile. Meanwhile, Ukraine on Wednesday said that Russia hit it with a “a massive information-psychological attack” by dispersing fake warning, alledgedly from Ukrainian military intelligence, about an imminent mass air attack. Following the Main Directorate of Intelligence's statement Reuters reported, quote “This message is a fake, it contains grammatical errors typical of Russian information and psychological operations,” unquoteThis was the Catch Up on 3 Things by The Indian Express.
In this episode of Market Minutes, Neeshita Beura unpacks the Adani Group's legal troubles, which caused key indices to tumble to fresh five-month lows amid heightened geopolitical tensions and foreign outflows. The podcast also highlights Hyundai Motor's renewable energy plans, Infosys' penalty concerns, and Tata Power's clean energy push. In the Voice of the Day segment, Aishvarya Dadheech, Founder and CIO of Fident Asset Management, shares his perspective on consumption trends, earnings, and valuations. Market Minutes is a morning podcast, putting the spotlight on trending stocks, crucial data points, and evolving market trends.
From the BBC World Service: Gautam Adani is accused of orchestrating a $250 million bribery scheme and concealing it to raise money in the U.S. The Adani Group has denied the allegations, which relate to renewable energy contracts. A BBC investigation has found that thousands of dollars worth of British Raspberry Pi mini computers have been shipped to companies in Russia sanctioned for their links to the military. Plus, the U.S. and Mexico have a strong trading relationship, but that could all change when Donald Trump becomes president; we hear from businesses on the Mexican side of the border.
From the BBC World Service: Gautam Adani is accused of orchestrating a $250 million bribery scheme and concealing it to raise money in the U.S. The Adani Group has denied the allegations, which relate to renewable energy contracts. A BBC investigation has found that thousands of dollars worth of British Raspberry Pi mini computers have been shipped to companies in Russia sanctioned for their links to the military. Plus, the U.S. and Mexico have a strong trading relationship, but that could all change when Donald Trump becomes president; we hear from businesses on the Mexican side of the border.
A US court Wednesday indicted Gautam Adani and six others in the Adani Group for allegedly ‘offering' bribes to several Indian state govt officials for electricity sales. In Episode 1557 of Cut The Clutter, Editor-in-Chief Shekhar Gupta & Deputy Editor (Economy) Sharad Raghavan discuss why the allegations and what it means for the conglomerate going forward. Read the indictment here: https://www.justice.gov/usao-edny/media/1377806/dl?inline https://www.sec.gov/files/litigation/complaints/2024/comp-pr2024-181.pdf
This is the Catchup on 3 Things by The Indian Express and I'm Flora Swain.Today is the 21st of November and here are the headlines.1. US Indicts Adani Group Executives for Bribery SchemeIn a major legal development, US prosecutors have indicted Gautam Adani, the chairman of Adani Group, along with seven others, accusing them of orchestrating a $250 million bribery scheme. The charges allege the group bribed Indian officials to secure power contracts in India. Alongside the indictment, the US SEC is seeking penalties and a jury trial for Adani and his associates, citing their operations in the US and impact on American investors.2. Adani Bribery Scheme Details Revealed in US Court FilingA US court filing reveals that over $228 million was allegedly paid in bribes to an unnamed high-ranking Andhra Pradesh official to secure solar power contracts. The bribe was part of a deal to help the Solar Energy Corporation of India purchase seven gigawatts of solar power. The filing doesn't name the official or the companies involved, but details indicate this official served in Andhra Pradesh from May 2019 to June 2024.3. Rahul Gandhi vs. BJP on Adani IndictmentThe political war over the Adani bribery case heats up as Congress leader Rahul Gandhi accuses the Indian government of supporting Gautam Adani, who was indicted in the US for allegedly offering over $200 million in bribes. BJP spokesperson Sambit Patra hit back, accusing Congress of destabilizing Indian markets with false propaganda. He questioned why Congress-ruled states had welcomed Adani's investments despite the controversy.4. Supreme Court on Yasin Malik's Trial in Tihar JailThe Supreme Court of India raised concerns about conducting a fair trial for separatist leader Yasin Malik, currently serving life imprisonment in Tihar Jail. The court suggested setting up a courtroom within the prison for his trial in a 1989 kidnapping case. Justice Oka reminded that even Ajmal Kasab received a fair trial in India, emphasizing the country's commitment to due process, despite the challenges posed by remote hearings.5. Ukraine Claims Russia Launched ICBM at DniproIn a shocking escalation, Ukraine reported that Russia launched an intercontinental ballistic missile (ICBM) targeting Dnipro city. If confirmed, this would mark Russia's first use of an ICBM in the ongoing conflict. Ukraine's air force said the missile was launched from Russia's Astrakhan region. In response, Ukrainian forces intercepted six out of nine incoming missiles, marking a significant moment in the war as both sides intensify their military operations.This was the Catch Up on 3 Things by The Indian Express.
*) Israel kills 66 Palestinians, wounds 100 in new Gaza massacre Israel unleashed another deadly attack in northern Gaza, killing at least 66 Palestinians and injuring 100 more in a devastating air strike near Kamal Adwan Hospital, witnesses and local journalists report. Palestinian journalist Hossam Shabat described the scene as “horrific”, revealing that the bombing targeted displaced people and “wiped out entire families”. Hussam Abu Safiya, the hospital's director, painted an even grimmer picture, saying that “there were about 200 people at the site when it was bombed. Many are dead, others are injured, and so many are still buried under the rubble”. *) Senate scuttles Sanders' shot at stopping sale of US arms to Israel The US Senate has rejected Senator Bernie Sanders' attempt to halt arms sales to Israel, even as concerns grow over the humanitarian crisis in Gaza. Out of 100 senators, a striking majority — 79 — voted against blocking sales of tank rounds to Israel, while 18 supported the measure. Similar resistance met Sanders' second proposal to stop mortar shipments, with 78 senators voting “no”. The votes broke largely along party lines, with all “yes” votes coming from Sanders' Democratic caucus allies. A third proposal, targeting the sale of bomb-guidance systems, was also on the table but faced dim prospects. *) Ukraine said to have fired UK Storm Shadow missiles into Russia For the first time, Ukraine has used British-supplied Storm Shadow missiles against Russia, British media reports, with London reportedly giving the green light. Several of the long-range missiles were fired at a Russian military target, according to the Financial Times, which cited a Western official. The Times confirmed the move, noting it's the first deployment of these missiles since Britain handed them over. *) Paramilitary rampage in central Sudan kills at least 40 people — medic Violence erupted in central Sudan as paramilitary Rapid Support Forces (RSF) launched an assault on a village north of Wad Madani, leaving at least 40 people dead, according to a medic from Wad Rawah Hospital. “All the victims suffered direct gunshot wounds,” said the medic, who spoke anonymously due to repeated attacks on healthcare workers. Eyewitnesses said the attack began Tuesday night, with the paramilitary RSF launching a deadly assault on the village. This bloodshed comes amid months of clashes between the RSF and Sudan's military, pushing Al-Jazira state deeper into chaos and turning once-safe areas into battlegrounds. And finally… *) US charges Indian tycoon Gautam Adani with duping investors, bribery plot Gautam Adani, the billionaire behind India's Adani Group, is now facing US federal charges for an alleged bribery scheme involving hundreds of millions of dollars. Prosecutors in Brooklyn claim that between 2020 and 2024, Adani, along with two associates, paid $250 million in bribes to Indian officials to secure lucrative solar energy contracts projected to yield $2 billion in profits. The accused executives allegedly covered their tracks with false and misleading financial statements, raising over $3 billion in loans and bonds.
This Day in Legal History: Gong Lum v. RiceOn November 21, 1927, the U.S. Supreme Court issued its decision in Gong Lum v. Rice, a landmark case concerning racial segregation in public education. The case arose when Martha Lum, a nine-year-old Chinese American girl, was denied entry to a school for white children in Mississippi. Local authorities directed her to attend a school designated for Black students under the state's racially segregated education system. Her father, Gong Lum, challenged the decision, arguing that such segregation violated the Equal Protection Clause of the Fourteenth Amendment.The Supreme Court, however, ruled unanimously that Mississippi's actions were constitutional. It extended the "separate but equal" doctrine established in Plessy v. Ferguson (1896) to include Asian Americans, thereby reinforcing the legality of segregated schools. The Court maintained that states had the authority to classify students by race and assign them to separate schools, as long as the facilities were deemed equal. This decision effectively placed Chinese Americans and other non-White groups under the same discriminatory segregation laws applied to African Americans in the Jim Crow South.The ruling was a significant blow to the Lum family and a stark reminder of the pervasive racial hierarchies embedded in U.S. law at the time. It also illustrated how the "separate but equal" doctrine legitimized widespread exclusion and inequality, beyond Black and White racial dynamics. The precedent set by Gong Lum v. Rice remained unchallenged for decades, contributing to the entrenchment of racially segregated education across the United States.This decision underscored the systemic nature of racial discrimination in early 20th-century America. It wasn't until Brown v. Board of Education in 1954 that the Supreme Court overruled the doctrine of "separate but equal," marking a pivotal shift toward dismantling segregation in public education. Gong Lum v. Rice remains a critical case in the history of American civil rights law, reflecting the broader struggles of minority groups against institutionalized racism.The latest round of year-end bonuses at major law firms reflects a cautious approach to associate compensation as firms prioritize protecting partner profits amid rising revenues. Milbank LLP initiated the bonus announcements, offering payments up to $140,000, including special bonuses introduced earlier in the year. At least five firms have matched Milbank's bonus structure, with others expected to follow. However, the stagnant bonus scale, unchanged since 2021, indicates a broader effort to manage costs while maintaining profitability.This year, firms are separating special bonuses from regular ones to avoid setting new precedents for higher compensation scales. Recruiters note that Milbank's early announcements help attract associate attention, a valuable branding strategy. The firm's financial success, with $1.5 billion in gross revenue and over $5.1 million in profits per equity partner last year, underscores its robust position, even as it faces some high-profile departures and lateral hires.Despite the cautious bonus adjustments, top law firms are thriving. A Wells Fargo survey revealed a 15% revenue increase and a 25% net income rise among the 50 largest firms, driven by higher demand, productivity, and billing rates. Still, associate productivity has only slightly improved from record lows, and firms are increasingly focusing on partner-level recruitment to sustain profitability. Traditional leaders like Cravath remain influential in finalizing bonus decisions, reinforcing long-standing industry customs.Big Law Hedges Associate Bonuses to Protect Partner ProfitsIndian billionaire Gautam Adani has been charged by U.S. prosecutors in a $265 million bribery scheme involving payments to Indian officials to secure power contracts and develop India's largest solar power project. The indictment, which includes securities fraud and conspiracy charges, also implicates Adani's nephew, Sagar Adani, and former Adani Green Energy CEO Vneet Jaain. The scheme allegedly defrauded American investors by concealing corruption in financial materials for bond offerings, including one that raised $750 million in 2021.The U.S. has issued arrest warrants for Gautam and Sagar Adani, intending to involve foreign authorities under an extradition treaty with India. Adani's conglomerate, already under scrutiny after a critical report by Hindenburg Research in 2023, saw its market value plunge by $20 billion following the indictment. Adani Green Energy canceled a $600 million bond sale, and shares of Adani-related firms dropped sharply.Indian regulators, including SEBI, have yet to comment on the U.S. charges, while opposition parties in India demand further investigations into the group. The Adani Group denies the allegations and plans to challenge the charges, but the scandal has intensified scrutiny over the company's operations and political connections.Indian tycoon Gautam Adani charged in US over $265 million bribery scheme | ReutersThe U.S. Department of Justice (DOJ) has proposed sweeping measures to address what it calls Google's illegal monopoly in online search and related advertising. Prosecutors argue that Google must divest its Chrome browser, share search data with competitors, and potentially sell its Android operating system to restore competition. The proposals aim to dismantle Google's dominant market position, as it processes 90% of U.S. searches.Other recommendations include banning Google from exclusive agreements with device makers like Apple, ending its preference for its search engine on Chrome and Android, and restricting acquisitions of search rivals or AI products. A five-member technical committee would oversee compliance for up to a decade, with powers to review documents, interview staff, and inspect software code.Chrome and Android are central to Google's business, as they collect user data crucial for targeted advertising. Prosecutors claim these platforms unfairly entrench Google's dominance by limiting rivals' market access. The DOJ also proposes mandatory licensing of search results to competitors at low cost and unrestricted data-sharing unless privacy laws prevent it. Google opposes the measures, calling them government overreach that would harm consumers and innovation. A trial is scheduled for April 2025, during which Google can present alternative proposals. These measures could reshape the digital landscape and are being closely watched by competitors like DuckDuckGo, which supports the DOJ's initiatives.Google must divest Chrome to restore competition in online search, DOJ says | ReutersThe U.S. Consumer Financial Protection Bureau (CFPB) has finalized a rule to regulate major technology firms like Apple Inc. that offer digital wallets and payment apps. Companies processing more than 50 million U.S.-dollar transactions annually will now face oversight similar to banks. This rule significantly raises the initial threshold of 5 million transactions proposed last year. It empowers the CFPB to supervise these firms regularly, not just when legal violations occur, as digital payments become increasingly essential to consumers.CFPB Director Rohit Chopra emphasized that digital payments are now a necessity, warranting heightened oversight. The shift comes as digital wallet usage in the U.S. surged to 62% in 2023, up from 47% the previous year, with Apple Pay maintaining dominance in the sector.The new regulatory environment follows global scrutiny of tech firms. Apple recently agreed with European regulators to open its near-field communication technology to competitors, a notable change in its approach. Other firms, like PayPal, are also cooperating with the CFPB on compliance questions regarding digital wallet features.The rule, set to take effect 30 days after its publication, introduces a significant shift in how large tech firms are governed. However, it remains an open question how these regulations will fare under the Trump administration, given the potential for policy shifts in the new political climate.Apple Pay, Other Tech Firms Come Under CFPB Regulatory Oversight This is a public episode. 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Nvidia posts another stellar quarter to cement its lead in the A.I. race. Its shares, however, dip in after-hours trade. Indian multinational conglomerate Adani Group sees shares nose-dive after billionaire chairman Gautam Adani is charged by U.S. prosecutors with fraud and bribery charges. U.S. retail giant Target is in the red, falling 21.4 per cent in yesterday's session – its worst trading day in more than two years. The company issued a sales warning ahead of the Christmas shopping season. And the co-heads of the upcoming Trump administration's Department of Government Efficiency, Elon Musk and Vivek Ramaswamy, outline plans for mass job and spending waste cuts to the U.S. civil service. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Kenya's president has announced the cancellation of two major infrastructure deals with India's Adani Group, after US prosecutors charged its founder Gautam Adani and his associates with fraud over a $250 million corruption scheme. The scandal has wiped more than $20 billion off Adani's 10 listed companies' combined market value. Plus, it's the third Thursday of November, the official uncorking day for this year's Beaujolais Nouveau. Half of the wine is exported outside France.
In this episode of Market Minutes, Neeshita Beura delves into the key triggers for the Indian market's opening moves as domestic indices navigate geopolitical tensions and weak global cues. Will investor sentiment improve, or will caution dominate amid escalating geopolitical risks? Additionally, Adani Group stocks will be in focus following legal troubles for the group's chairman. In the Voice of the Day segment, Mohit Khanna of Purnartha Investment Advisers Pvt Ltd shares insights on market volatility and strategies for investors. Market Minutes is a morning podcast, putting the spotlight on trending stocks, crucial data points, and evolving market trends.
Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News—all from the Compliance Podcast Network. Each day, we consider four stories from the business world: compliance, ethics, risk management, leadership, or general interest for the compliance professional. For the first time, the Daily Compliance News focuses on one story: the massive civil and criminal set of charges brought against the Adani Group and its founder, Gautam Adani. Articles featured in this edition include the NYT, FT, and WSJ. For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here. Check out the full 3-book series, The Compliance Kids on Amazon.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
El bitcóin se acercó el jueves al nivel histórico de US$100.000, impulsado por el optimismo de que el apoyo del presidente electo, Donald Trump, a las criptomonedas anuncia un auge a medida que EE.UU. gira hacia regulaciones favorables para el sector; las acciones y los bonos de Adani Group se desplomaron después de que los fiscales estadounidenses acusaran a Gautam Adani de participar en una presunta trama de sobornos; y Juan Pablo Spinetto, columnista de Bloomberg Opinion para América Latina, nos comenta sobre la crisis en Bolivia.Más de Bloomberg en EspañolNewsletter Cinco cosas: https://trib.al/WIwfnT0Linkedin: https://www.linkedin.com/company/bloomberg-en-espanol/Youtube: https://www.youtube.com/BloombergEspanolWhatsApp: https://whatsapp.com/channel/0029VaFVFoWKAwEg9Fdhml1lTikTok: https://www.tiktok.com/@bloombergenespanolX: https://twitter.com/BBGenEspanolProducción: Ivana Bargues y Stephen WicarySee omnystudio.com/listener for privacy information.
The ASX struggled today, slipping after an early rise of 0.4% faded, leaving markets unable to secure a fourth gain in five sessions despite a solid start to the week. Financials provided a bright spot with a modest uptick, while consumer discretionary stocks faced their second consecutive day of losses, offsetting gains earlier this month. Retailer Accent Group plunged nearly 12% due to disappointing margins, and fund manager GQG saw a 15% drop amid controversy surrounding Adani Group. On the global stage, Nvidia's earnings exceeded expectations but revealed slower growth forecasts and supply constraints, leading to a 2.5% dip in after-hours trading. Investors now await key speeches and manufacturing data for further market direction. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.
Gautam Adani, chair of India's Adani Group and one of the world's wealthiest individuals, has been indicted in a New York federal court alongside others over an alleged multi-billion-dollar fraud scheme.Archegos founder Bill Hwang has been sentenced to 18 years in prison for orchestrating one of the largest economic frauds in U.S. history.We also explore the Bangladesh Central Bank's efforts to recover funds siphoned abroad.
Wars, trade tensions and elections around the world are testing humanity's ability to tackle climate change. Two experts from the World Economic Forum's Global Future Council on the Future of Geopolitics look at the diplomacy and real-world reality of climate change politics and economics, with a particular focus on the global South. This episode is published to coincide with the Annual Meeting of the Global Future Councils, find out more here: https://www.weforum.org/events/annual-meeting-of-the-global-future-councils-2024/ Guests: Arun Sharma, senior advisor to the Chairman, Adani Group Varun Sivaram, Senior Fellow for Energy and Climate, Council on Foreign Relations Co-host: Jessica Margolis, Lead, Geopolitical Agenda, World Economic Forum Links: The World Economic Forum's network of Global Future Councils: https://www.weforum.org/communities/global-future-councils/ Global Future Council on the Future of Geopolitics: https://www.weforum.org/communities/gfc-on-geopolitics/ Shaping Cooperation in a Fragmenting World: https://www.weforum.org/publications/shaping-cooperation-in-a-fragmenting-world/ Related podcasts: Why it's time for the 'middle powers' to step up on geopolitics How do we ensure the green transition doesn't penalise the poorest? Check out all our podcasts on wef.ch/podcasts: YouTube: - https://www.youtube.com/@wef/podcasts Radio Davos - subscribe: https://pod.link/1504682164 Meet the Leader - subscribe: https://pod.link/1534915560 Agenda Dialogues - subscribe: https://pod.link/1574956552 Join the World Economic Forum Podcast Club: https://www.facebook.com/groups/wefpodcastclub
Send us a textLinking the Travel Industry is a business travel podcast where we review the top travel industry stories that are posted on LinkedIn by LinkedIn members. We curate the top posts and discuss with them with travel industry veterans in a live session with audience members. You can join the live recording session by visiting BusinessTravel360.comYour Hosts are Riaan van Schoor, Ann Cederhall and Aash ShravahStories covered on this session include - Air Canada faces a potential shut down as it can't reach an agreement with their pilots union.Wouter Dewulf provides us with a fantastic infographic on the current Boeing and Airbus order backlogs.Elliott Investment Management L.P. finally achieves some of what it wanted at Southwest Airlines with the news that six board members are leaving, whilst Bob Jordan stays, for now.The Vistara and Air India Limited merge becomes real with the last bookings on Vistara made on 3 September.Kenyan aviation workers are on strike over the government's plan to lease the country's main airport to Indian firm Adani Group for 30 years, and CNN's Larry Madowo shows us what that means for queues at NBO's airport. Lufthansa's investment hunger is not over, as it is reported they are interested in a piece of Air Baltic ahead of their IPO.IranAir is set to be banned from EU airspace soon.A Delta Air Lines A350 pushing back on the tarmac at Atlanta airport collides with an Endeavor Air CRJ900, ripping it's tailfin off.Extra StoriesYou can subscribe to this podcast by searching 'BusinessTravel360' on Google Podcast, Apple Podcast, iHeart, Pandora, Spotify, Alexa or your favorite podcast player.This podcast was created, edited and distributed by BusinessTravel360. Be sure to sign up for regular updates at BusinessTravel360.com - Enjoy!Support the show
Adani Group के खिलाफ Western Lobby की साज़िश। Should you buy Adani Shares | Sanjay Dixit
Why are workers at Kenya's main airports objecting to a planned deal to lease the facility to India's Adani Group for 30 years? How Cameroon's simmering secessionist rebellion is affecting schooling for children And why African women need to be involved in developing Artificial Intelligence. Presenter : Audrey Brown Producers: Charles Gitonga and Susan Gachuhi in Nairobi, Todah Opeyemi in Lagos with Bella Hassan and Paul Bakibinga in London Technical Producer: Nick Randell Editors: Alice Muthengi and Andre Lombard
From the BBC World Service: Like the U.S., the European Union recently slapped import duties on Chinese electric vehicles. It says it’s protecting European automakers from unfair competition, but not everyone — such as Spain’s prime minister and Belgian firm Umicore — agrees. Then, Kenya's main airport is facing major disruption after workers staged a go-slow protest over a proposed 30-year lease deal with the Indian conglomerate, the Adani Group.
From the BBC World Service: Like the U.S., the European Union recently slapped import duties on Chinese electric vehicles. It says it’s protecting European automakers from unfair competition, but not everyone — such as Spain’s prime minister and Belgian firm Umicore — agrees. Then, Kenya's main airport is facing major disruption after workers staged a go-slow protest over a proposed 30-year lease deal with the Indian conglomerate, the Adani Group.
This is the Catchup on 3 Things by The Indian Express and I'm Flora Swain.Today is the 9th of September and here are the headlines.The Supreme Court today said there was a delay of “at least 14 hours” in the registration of the FIR in connection with the alleged rape and murder of a junior doctor at Kolkata's RG Kar Medical College and Hospital. Led by the Chief Justice of India, the bench was perusing a status report filed by the CBI, which is probing the case. The CBI informed the court that it had decided to resend samples taken from the crime scene to AIIMS and Central Forensic Sciences Labs. Additionally, it was stated that CBI had been given only four video clips of a total duration of 27 minutes. The bench, which sought a fresh status report from the CBI, also fixed the matter for hearing next on the 18th of September. During his first international trip as the Leader of the Opposition in the Lok Sabha to the US, Rahul Gandhi said that following the Lok Sabha election results earlier this year, people's fear of the BJP had vanished. He added that the people realised they would not tolerate attacks on the Constitution, religions, and states. Gandhi is on a four-day unofficial trip to the US during which he will interact with the members of the Indian diaspora and the youth, with stops in Dallas, Texas, and Washington DC. A day after the Ganesh Chaturthi festival began, Surat city witnessed riots in old wall city areas, after four teenagers allegedly pelted stones to damage a Ganesh idol and injured a man. The damage led to people stone pelting and setting parked vehicles on fire near the Saiyedpura police station, where a huge mob gathered. Police resorted to lathi-charging to control the mob near the station. According to police, they apprehended the four accused, including two teenagers, and detained around 27 people who were said to be involved in the stone-pelting.According to Syria's state news agency, SANA, the Israeli airstrikes targeted several areas in central Syria, killing at least four people and injuring 13 late Sunday. The strikes caused significant damage and sparked fires along a highway in Hama province, which firefighters were battling to control earlier today morning. SANA reported that Syrian air defenses responded to the strikes, which hit multiple points in the region. According to a report by Informa Connect Academy that tracks wealth, world's richest person Elon Musk is on track to become the first trillionaire in the world by 2027. The report also adds that the second entrepreneur to hit trillionaire status would be India's businessman Gautam Adani. Where Musk has seen his wealth growing at an average annual rate of 110 per cent. Adani Group's founder and chairman Gautam Adani's wealth has been growing at an average annual rate of 123 per cent.This was the Catch Up on 3 Things by The Indian Express
This is the Catchup on 3 Things by The Indian Express and I'm Flora Swain.Today is the 13th of August and here are the headlines.Calcutta HC has ordered CBI probe in the case of the rape and murder of a 31-year-old junior doctor who was found dead in a seminar hall at RG Kar Medical College and Hospital in Kolkata on Friday. Earlier in the day Chief Justice T S Sivagnanam asked why a murder case was not registered at the outset and why an unnatural death case was initiated to the West Bengal government lawyer when he claimed that an unnatural death case was registered, as there is no immediate complaint of murder. The division bench presided by the Chief Justice said the body of the postgraduate trainee was not found on the roadside, and the superintendent or the principal of the hospital could have filed the complaint.The Hindus in Bangladesh continue to protest against recent attacks on them. Chief advisor of the new interim government Muhammad Yunus who is expected to meet two minority groups today urged Bangladeshi Hindus to treat themselves as human beings and children of the soil. “You simply say that you are human, a citizen of Bangladesh, and this is your constitutional right that must be ensured. Just demand this, nothing more,” he was quoted as saying by Dhaka Tribune.A lawyer has approached the Supreme Court with a fresh application seeking compliance with its January 3, 2024, order asking the Securities and Exchange Board of India (Sebi) to “complete the pending investigations” into some of the allegations raised by the US-based short seller Hindenburg Research against Adani Group “preferably within three months”. In his plea, Advocate Vishal Tiwari said the Supreme Court in its order “clearly fixed the timeline of three months for the completion of investigations by Sebi”.While rejecting the bail application of a man booked on various charges, including those under the anti-conversion law, the Allahabad High Court recently observed that the primary objective of the Uttar Pradesh Prohibition of Unlawful Conversion of Religion Act, 2021, is to guarantee religious freedom to all, thereby reflecting the social harmony and spirit of India. The court noted that the Act's objective is to uphold the spirit of secularism in the country.Assassination attempt, nuclear dominance, cutting down on government regulations — these were some of the topics up for discussion in a conversation between Republican presidential candidate Donald Trump and billionaire Elon Musk, marking the former's comeback on the social media platform ‘X'. Trump stuck to his speech from the four-day Republican National Convention highlighting President Biden's shortcomings and calling his withdrawal from the presidential race ‘a coup'. Speaking of nuclear warming and the tug of powers, he spoke of Russia's invasion of Ukraine and claimed that it wouldn't have happened if he had been in charge.This was the Catchup on 3 Things by The Indian Express.
Hindenburg, following up on its 2023 report on overseas dodgy investments manipulating Adani Group-linked share price, has raised questions about SEBI, which is looking into the matter. In Episode 1501 of Cut The Clutter, Editor-in-Chief Shekhar Gupta discusses what the new report suggests about SEBI chair Madhabi Buch's Adani linkage, Blackstone connection & consultancies, and the questions that remain after her & SEBI's statements. https://hindenburgresearch.com/sebi-chairperson/ https://www.sebi.gov.in/media-and-notifications/press-releases/aug-2024/sebi-stateme[…]-hindenburg-research-s-report-dated-august-10-2024_85606.html https://x.com/HindenburgRes/status/1822691385730040048 https://www.bseindia.com/xml-data/corpfiling/AttachLive/bde9b89d-6ca6-492c-b570-148c7da82ba6.pdf --------------------------------------------------------------------------------------------- Exclusive content, special privileges & more – Subscribe to ThePrint for Special benefits: https://theprint.in/subscribe/ --------------------------------------------------------------------------------------------- Connect with ThePrint » Subscribe to ThePrint: https://theprint.in/subscribe/ » Subscribe to our YouTube Channel: https://bit.ly/3nCMpht » Like us on Facebook: https://www.facebook.com/theprintindia » Tweet us on Twitter: https://twitter.com/theprintindia » Follow us on Instagram: https://www.instagram.com/theprintindia » Find us on LinkedIn : https://www.linkedin.com/company/theprint » Subscribe to ThePrint on Telegram: https://t.me/ThePrintIndia » Find us on Spotify: https://spoti.fi/2NMVlnB » Find us on Apple Podcasts: https://apple.co/3pEOta8
Rishi Sunak has taken a huge gamble by announcing a July 4 election, record sales of artificial intelligence chips sent Nvidia's revenue soaring 262 per cent in the past quarter Adani Group passed off low-quality coal as far more expensive cleaner fuel in transactions with an Indian state power utility, according to evidence seen by the Financial Times, and the first batch of genetically engineered non-biting mosquitoes will be released in Djibouti on Thursday.Mentioned in this podcast:Rishi Sunak calls July 4 UK electionNvidia's revenue beats high expectations as AI chip demand climbsFederal Reserve officials were open to further US rate rises to quell inflationAdani suspected of fraud by selling low-grade coal as high-value fuelDjibouti looks to genetically engineered mosquitoes to quell urban malaria wave The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.