The embattled Adani Group on Monday attempted to calm the market as a rout in its shares continued, saying its growth plans are intact, business plans are fully funded and it remains confident of delivering returns to shareholders. Market value of the group's seven listed companies has halved since a January 24 report by US-based short-seller Hindenburg Research alleged that Adani pulled "the largest con in corporate history" using offshore tax havens and stock manipulation. The Group has denied all allegations, calling them "malicious", "baseless" and a "calculated attack on India".
The announcement from the Vermont Senator was expected as he had not done well in the recent Democratic primaries against Biden, 77, who has now taken a substantial lead over him after winning a series of key Democratic presidential primaries.
Embattled Adani group has appointed accountancy firm Grant Thornton for an independent audit of some of its companies in a bid to come clean of the damning allegations levelled by the US short-seller Hindenburg Research and to assure investors and regulators. Sources said the audit is primarily to show to regulators like the Reserve Bank of India (RBI) that the group has nothing to hide and it is in compliance with relevant laws. The audit will specifically look into if there was any misappropriation or repatriation of funds and if loans were used for any purpose other than the one they were intended for.
A group of influential lawmakers have introduced a bipartisan legislation in the US Senate to comprehensively overhaul the H-1B and L-1 visa programmes and usher in more transparency in the recruitment of foreign workers. The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. Technology companies depend on it to hire tens of thousands of employees each year from countries like India and China.
In 1937, a hydrogen-powered German airship flying into New Jersey caught fire and crashed, killing 35 passengers on board. It was sort of a man-made disaster as some 100 people were loaded on to a balloon filled with the most flammable material in the universe. The airship was named Hindenburg. Eight decades later, in 2017, a graduate of international business management from the University of Connecticut founded a "forensic financial research" firm to specialise in spotting wrongdoings and frauds, or what it calls man-made disasters, at companies around the globe and take market bets against them.
'Today, I am leaving the race for the same reason: to defeat Donald Trump - because it is clear to me that staying in would make achieving that goal more difficult,' Bloomberg said in a statement
Biden's win in Michigan is crucial as Sanders had clinched the victory in the state defeating Hillary Clinton four years ago.
'It makes complete sense to me now that nothing was said or done to make our sport more diverse or to address the racial abuse I received throughout my career'
Damage from new shenanigans can be contained if regulators move quickly when something does not smell right, counsels Debashis Basu.
Former United States Presidents -- Bill Clinton, George W Bush and Barack Obama -- among the famous faces at the swearing-in event of Joe Biden. US President Trump left the White House earlier and will also not attend Biden's inauguration. Take a look at who we caught at the event.
If the former US vice-president runs, the already crowded Democratic primary field will steer clear to make him the clear front-runner for his party's nomination.
Dominica high court on Thursday adjourned the hearing on a habeas corpus petition filed on behalf of diamond trader Mehul Choksi, local media reported. Judge Bernie Stephenson will decide the next date of hearing after meeting both sides, Antigua News Room said. The adjournment is to allow lawyers for Choksi and the Dominica government "to agree on the language to be used with respect to the injunction filed to prevent his removal from Dominica", the media outlet reported.
Lewis Hamilton, the sport's most successful driver of all time and badly affected by the outcome after leading until seven corners from the end, did not attend Thursday night's gala awards ceremony-- a requirement for the championship's top three.
"Trump is a bully and a demagogue," said Sanders whose call to support party nominee Clinton was met with loud jeers and cries of "We want Bernie!" from the fired-up crowd.
Michael Schumacher, who has not been seen in public since he suffered serious head injuries in a ski accident in 2013, beat former commercial supremo Bernie Ecclestone with 61 per cent of the vote in a head-to-head final.
Here are the highlights from Day 1 of the convention.
He won a high-profile privacy case against the News of the World newspaper in 2008 after it said he had taken part in a "sick Nazi orgy".
In a show of unity, Bernie Sanders moved that "Hillary Clinton be selected as the nominee of the Democratic party for president of the United States.
The "Super Tuesday", or March 3 presidential primaries, were held in as many as 15 states including Alabama, Arkansas, California, Colorado, Maine, Massachusetts, Minnesota, North Carolina, Oklahoma, Tennessee, Texas, Utah, Vermont and Virginia. Biden, 77, registered impressive victories in the states of Virginia, North Carolina, Alabama, Oklahoma, Tennessee, Minnesota, Massachusetts and Arkansas, propelling him as the frontrunner in the primaries. However, Sanders, 78, by winning big in the State of California -- which sends 415 pledge delegates -- reflected the fight to win Democratic nomination to challenge Republican incumbent Donald Trump was not over yet.
The 70-year-old leader had a disappointing Super Tuesday that included a third-place finish in her home state of Massachusetts.
Biden has described Trumps' remarks about Harris as "despicable" and "beneath the office of the presidency".
Clinton, who herself was the 2016 Democratic presidential nominee, announced her support during a virtual townhall with Biden, a former US vice president. "I am thrilled to be part of your campaign -- to not only endorse you but to help highlight a lot of the issues that are at stake in this presidential election," she told Biden during the joint livestream, according to The Hill.
Democrats have coalesced around Clinton's candidacy and has led with endorsements from President Barack Obama, Vice President Joe Biden and others.
Bernie Sanders alleged that Clinton is not qualified to be the president.
British racer Susie Wolff has defended Bernie Ecclestone after he doubted whether women would physically be able to drive a Formula One car fast and in any case would not be taken seriously.
Bernie Sanders would join presumptive Democratic presidential nominee Hillary Clinton at an election rally in New Hampshireon Tuesday, the two campaigns said even though the Vermont senator has yet to endorse his former rival for the party nomination.
Diamantaire Mehul Choksi will "only" return to Dominica to face trial for illegal entry into that country when a doctor "certifies" that he is fit to stand trial, the media there reported citing conditions laid down by the Dominica high court while granting him bail. In a major setback to Indian efforts to bring him from the Caribbean country, Dominica high court Judge Bernie Stephenson allowed the businessman to return to Antigua and Barbuda, where he has been living as a citizen since 2018 after leaving India, to seek medical advice from neurologist Hayden Osborne at the Mount St. John's Medical Centre, Dominica News Online reported. Choksi is having a clot in brain besides other health issues such as diabetes and hypertension, his legal team has submitted.
Clinton has the number of delegates needed to clinch the Democratic presidential nomination, the Associated Press said, putting her on course to become the first woman to head a major US party ticket.
'Is he serious? It's a selfish political move to gain popularity.'
The mother-in-law of Formula One chief Bernie Ecclestone has been kidnapped in Sao Paulo and criminals are demanding 120 million reais ($36.5 million) in ransom, according to reports in a leading Brazilian news magazine.
Launching a scathing attack on Harris, the Trump campaign said the Americans will resoundingly reject the absymal failures of Biden and Harris. 'Joe Biden is no moderate, and with Harris as his 'political living will,' he is surrendering control of our nation to the radical mob with promises to raise taxes, cut police funding, kill energy jobs, open our borders, and appease socialist dictators,' Katrina Pierson, Trump 2020 campaign's senior advisor, said in a statement.
Biden, 77, will be formally nominated by the Democratic party during the National Convention in Wisconsin in August.
The selection of a woman Senator with an Indian background as the Democratic party's vice-presidential nominee should normally be a matter of elation in India, especially for those who boast of their nationalistic credentials such as the BJP followers, notes Amulya Ganguli.
United States President-elect Joe Biden administration is likely to be as tough as President Donald Trump's on the several contentious issues between Washington and Beijing such as the South China Sea, South China Morning Post reported citing experts.
The 38-year-old lawmaker's move leaves Biden and Senator Bernie Sanders as the final two candidates in the Democratic race.
US Secretary of State Antony Blinken on Saturday (local time) said the US is working closely with its partners in the Indian government to deploy more supplies and additional support amid the record upsurge in Covid-19 infections in the country.
The Government of Dominica has told a court there to reject the habeas corpus petition filed on behalf of businessman Mehul Choksi who had claimed that he was abducted and forcefully brought to the Caribbean island nation, local media reported. The high court of Dominica ordered that the businessman be produced in a magistrate court to answer charges of his illegal entry into the country and adjourned the hearing on the habeas corpus petition till Thursday, according to local media. Rejecting the submission of Choksi who is wanted in India in an alleged Rs 13,500 crore loan fraud case in Punjab National Bank, the prosecution said the habeas corpus petition does not stand as he had illegally entered the country and was subsequently detained.
Niki Lauda pondered the mystery of the disappearing Mercedes on Sunday after Lewis Hamilton and Nico Rosberg finished one-two in the Japanese Grand Prix but barely featured in television coverage.
'This is a book written by a man who has seen it all and done it all and can now laugh about it,' says Vir Sanghvi.
A German bank is on course to take legal proceedings against Formula One chief Bernie Ecclestone and his family trust fund for 345 million euros on account of the sale of its stake in Formula One.
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