New York Financial News

Pegasus Holdings, an investment entity affiliated with New York-based Apollo Global Management, has approached the Securities Appellate Tribunal (SAT), challenging a direction of the market regulator regarding its open offer to Federal-Mogul Goetze (India) shareholders. The Securities and Exchange Board of India had appointed MM Nissim & Co as an independent valuer to assess the fair value of Federal-Mogul shares. Pegasus Holdings made the open offer in February last year to acquire 25.02% of the stake in Federal-Mogul Goetze at ₹275 per share, or up to ₹382.8 crore in total. The open offer was triggered by the merger between Pegasus Merger Co and Tenneco Inc, the then holding company of Federal-Mogul Goetze (India). According to market participants, shareholders approached Sebi several times over the open offer price that they were not happy about.

By Echo Wang and Anirban Sen

NFL season kicks off, fans and fantasy football managers are eagerly awaiting the first week's action. However, injuries can quickly change the landscape of a game or a fantasy lineup. In this injury update, there is a comprehensive overview of the status of key players for Week 1. Joe Burrow (Cincinnati Bengals): Burrow is set to start in Week 1 after recovering from an offseason elbow injury.

Joe Biden arrives in Vietnam on Sunday to deepen cooperation between the two nations, in the face of China's growing ambitions in the region. Biden — who is flying from the G20 summit in New Delhi — will meet the leader of Vietnam's ruling Communist Party, Nguyen Phu Trong, on Sunday, and is expected to sign off on a «comprehensive strategic partnership», Hanoi's highest level of diplomatic ties. The underlying goal of the short visit will be much the same as Biden's time at the G20 gathering — to shore up support against China's increasing influence. For Vietnam, the upgrading of diplomatic ties is significant.

G20 Summit) on Saturday saw the New Delhi G20 Leaders Declaration get accepted with ‘100% consensus’. The declaration that was announced by Prime Minister Narendra Modi during the Day 1 of G20 Summit, focused on ‘war in Ukraine’ and geopolitical tensions, sustainable growth, creating an inclusive world among other points. There were four Indian Foreign Services officers who burnt the midnight oil to draft the New Delhi G20 Leaders Declaration which achieved a reported ‘100% consensus’, a historic achievement.

Vietnam plan to elevate their relations as U.S. President Joe Biden visits the country from Sunday, with officials saying the focus of the talks will be semiconductors and critical minerals. The U.S.

G20 summit being held in New Delhi. According to a statement on Sunday, the institute will seek to address some of the most consequential economic, environmental, and technological challenges that have the potential to affect the security, prosperity, and stability of both countries.

G20 Summit will give a global focus to the ancient Red Sea from India to Egypt, which he also mentioned in his new book called “The Golden Road". In a post on X (formerly Twitter), Willian Dalrymple said, “With the announcement today of the opening of an Indian-Middle Eastern Economic Corridor at G20, it looks the ancient trade routes up the Red Sea from India to Egypt that I am writing about in my new book, The Golden Road, and previewed here in @nybooks, will again become a global focus of economic and cultural exchange." In a book review named ‘Garum Masala’ in The New York Post, Dalrymple wrote, “In March 2022 a team of American archaeologists was excavating a temple of the Egyptian goddess Isis at the ancient site of Berenike, on the shores of the Red Sea in modern-day Egypt, when they stumbled across a series of remarkable finds." India-Middle East-Europe economic corridor including shipping and railway links will be launched soon.

Coco Gauff set aside a so-so start and surged to her first Grand Slam title at age 19, coming back to defeat Aryna Sabalenka 2-6, 6-3, 6-2 in the US Open final on Saturday to the delight of a raucous crowd that was loud from start to finish.

Coco Gauff meets Aryna Sabalenka, the No. 2 seed from Belarus in the U.S. Open Women’s Singles final on Saturday. Both will reach the final at Flushing Meadows for the first time, it will be the second Grand Slam final for both of them. Besides, Gauff will be the first teenage American girl to reach the final of the U.S. Open since 2001, when Serena Williams created ripples.

Carlos Alcaraz, the reigning world No. 1, clinched the Wimbledon trophy in a stunning victory over Novak Djokovic in a five-set thriller this past July, tennis enthusiasts around the globe have been yearning for a rematch on the grand stage, right here in New York. For the majority of the last fortnight, the prospect of this epic showdown in the US Open final seemed almost certain. Djokovic did his part by sweeping the first semifinal in straight sets against American Ben Shelton, sealing his place in the ultimate clash. However, the 2021 US Open champion, Daniil Medvedev, had a different script in mind, abruptly halting the 20-year-old Alcaraz's quest for a second consecutive US Open title. Medvedev's triumph came in a thrilling contest, concluding at 7-6 (3), 6-1, 3-6, 6-3 in the second semifinal. This victory sets up a highly anticipated rematch for Medvedev against Djokovic, the very player he defeated two years ago to secure his first and only major title.

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China's Didi Chuxing rose 52.6% for the April-June quarter from a year earlier to 48.8 billion yuan ($6.65 billion, as the ride-hailing firm emerged from a regulatory crackdown and demand rebounded with the end of strict COVID-19 restrictions. Didi posted a net loss of 300 million yuan, the company said in a statement on Saturday.

The U.S.Securities and Exchange Commission has submitted a filing urging the court to grant its motion to appeal a ruling from the Ripple Labs lawsuit that deemed that XRP was not a security when sold to retail investors.

In the heart of Rajasthan’s regal city of Udaipur, where history whispers through every palace and alley, Padmaja Kumari Parmar is making her own mark. As the daughter of the House of Mewar, one of the world’s oldest reigning dynasties, her life story is as enchanting as the palaces that dot the cityscape. Beyond her royal lineage, Padmaja is a woman of substance, dedicating her life to philanthropy, hospitality, and health causes that span continents.

The Trump Organization will offload its rights to operate a Bronx golf course to a company that is seeking to build a casino in New York City

By Svea Herbst-Bayliss and Nupur Anand

An upcoming civil trial over allegations that former president Donald Trump lied about his wealth could last as long as three months

A mother has filed a lawsuit against Peloton over the death of her son, who was killed when his exercise bike fell on his neck during a workout in his New York City apartment

NEW YORK (Reuters) -Shareholders in real estate investment trust Global Net Least Inc approved a planned merger with The Necessity Retail REIT to form the third-largest net lease REIT, the company said on Friday.

By Pete Schroeder