New York Financial News

A former top executive in Sam Bankman-Fried's fallen FTX cryptocurrency empire was sentenced to two years in prison on Tuesday for the part she played in a fraud that stole billions of US dollars from investors, lenders, and customers.

Adani Group, helmed by billionaire Gautam Adani, bounced back from the attack by American short-seller Hindenburg Research, which had accused it of stock manipulation and fraud, the conglomerate has suffered a massive hit as prosecutors in the United States charged Gautam Adani with helping drive a $250 million bribery scheme. Stocks of Adani Group companies fell up to 20% on Thursday after Adani and seven others faced charges in the US. Prosecutors have alleged that the group bribed Indian officials to secure solar energy contracts. The US prosecutors have charged Adani and others because they allege the defendants concealed the plan to pay more than $250 million in bribes to Indian government officials to win solar energy contracts as they sought to raise money from US investors. The mega Adani deal that has landed in controversy

Subscribe to enjoy similar stories. Coinciding with the recently held Art Mumbai, Jhaveri Contemporary opened Prabhavathi Meppayil’s eponymous first solo exhibition in Mumbai after 17 years. While Bengaluru-based Meppayil has kept a relatively low profile in her own country, she has been making waves internationally over the years.

Narendra Modi met with the Prime Minister of the Commonwealth of Dominica, Roosevelt Skerrit, for a bilateral discussion in Georgetown, Guyana. The meeting, held during PM Modi's visit to Guyana, is part of India's ongoing engagement with Caribbean nations to strengthen ties and foster cooperation. India and the Commonwealth of Dominica have enjoyed traditionally cordial bilateral relations since the establishment of diplomatic ties in 1981. While Dominica does not maintain a diplomatic mission in India, it is concurrently accredited to India's mission in Port of Spain.

Sensex and Nifty 50, opened in the red on Thursday, weighed down by declines in Adani stocks following the indictment of Adani Group’s billionaire chairman in New York, over his alleged involvement in a multibillion-dollar bribery and fraud scheme. The BSE Sensex was trading 765 points, or 1%, lower at 76,813. The Nifty50 was down 218 points, or 0.93%, trading at 23,299 around 9:42 am.

Gautam Adani, the billionaire chair of Indian conglomerate Adani Group and one of the world's richest people, has been indicted in New York over his role in an alleged multibillion-dollar bribery and fraud scheme, U.S. prosecutors said on Wednesday. Authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2 billion of profit over 20 years. According to an indictment, some conspirators referred privately to Gautam Adami with the code names «Numero uno» and «the big man,» while Sagar Adani allegedly used his cellphone to track specifics about the bribes. Prosecutors also said the Adanis and another executive at Adani Green Energy, Vneet Jaain, raised more than $3 billion in loans and bonds for that company by concealing the corruption from lenders and investors.

UFOs has revealed hundreds of new reports of unidentified and unexplained aerial phenomena but no indications suggesting an extraterrestrial origin. The review includes hundreds of cases of misidentified balloons, birds and satellites as well as some that defy easy explanation, such as a near-miss between a commercial airliner and a mysterious object off the coast of New York, as per a report. While it isn't likely to settle any debates over the existence of alien life, the report reflects heightened public interest in the topic and the government's efforts to provide some answers. Its publication comes after House lawmakers called for greater government transparency during a hearing on unidentified anomalous phenomena, or UAPs — the government's term for UFOs, AP reported. Federal efforts to study and identify UAPs have focused on potential threats to national security or air safety and not their science fiction aspects. Officials at the Pentagon office created in 2022 to track UAPs, known as the All-Domain Anomaly Resolution Office, or AARO, have said there's no indication any of the cases they looked into have unearthly origins.

The stakes are high, with speculation about Khamenei's successor and the broader implications for Iran's political landscape. Iranian journalist and analyst Ashkan Safaei Hakimi outlines two main scenarios: one where a new leader attempts to improve relations with the West, likely only creating a perception of reform, and another where political instability leads to a popular uprising and potential regime change. Khamenei has been Iran's supreme leader for nearly three decades, holding immense power over major issues like foreign policy and the nuclear program. Speculation about his health intensified after an October 27 New York Times report suggested his son, Mojtaba Khamenei, might be his successor. Over the weekend, rumors surfaced that Khamenei was in a coma, but Iranian state media countered these claims by publishing a photo of him meeting with Iran's ambassador to Lebanon, Mojtaba Amani.

One of the world’s richest people has been indicted in the U.S. on charges he duped investors in a massive solar energy project in India by concealing that it was being facilitated by an alleged bribery scheme

The founder of Archegos Capital Management, a hedge fund, has been sentenced to 18 years in prison for his conviction in a securities and market manipulation fraud that prosecutors say cost global investment banks billions of dollars

Nicole Kidman candidly discussed her thoughts on mortality and the emotional complexities of aging. Nicole Kidman who is now aged 57 eventually expressed that as she has gotten older; her emotions have intensified, leading to moments of deep reflection, including waking up at 3 a.m. feeling overwhelmed and crying, reported New York Post. According to New York Post, Nicole Kidman described these feelings as part of her life's journey while encompassing themes of connection, loss and the responsibilities of raising children. She also emphasized on the importance of being present in life’s experiences rather than numbing oneself to them. Nicole Kidman is currently navigating her grief following the death of her mother named Janelle Ann Kidman, who unfortunately passed away at the age of 84 in the month of September. This loss has profoundly impacted her perspective on life and mortality, asserted New York Post.

Scott Foley has been announced as a recurring cast member in ABC's Will Trent for its upcoming third season.

An apologetic FTX co-founder has been sentenced to no time in prison after a prosecutor and a judge praised his cooperation against Sam Bankman-Fried and his efforts to recover money for victims of the cryptocurrency fraud

A promotional video for a rebrand of British luxury car brand Jaguar is being criticized online for showing models in brightly colored outfits — and no car

Campbell’s is ditching the soup — at least in name

Target etched out a slim sales increase in the third quarter but profits slumped as inflation-weary customers pulled back on spending and costs related to a dockworker strike in October dragged on results

Khalistani terrorist Gurpatwant Singh Pannun, was already listed under the «wanted» section on the FBI website in English. However, Indian authorities clarified that Yadav is not absconding—he was jailed for alleged robbery and is currently out on bail. The FBI's intensified interest in Yadav comes amidst rumors circulated by Pannun’s organization, Sikhs for Justice (SFJ), suggesting Yadav may be in Haryana or Punjab. Yadav is facing charges in a New York court for his alleged role in the Pannun murder-for-hire plot. The FBI has already arrested Nikhil Gupta, an Indian-origin man accused of working with an undercover officer and a DEA informant to orchestrate the killing.

It will be a while before Vis Raghavan becomes a veteran at Citi, but after nearly six months as the US bank’s global head of banking and executive vice chair, he’s presumably at last about to exceed his notice period. 

The founder of an artificial intelligence company that worked with large school districts nationwide has been arrested on fraud charges

Sean Diddy Combs named Gene Deal has eventually made some sensational claims regarding an alleged animal sacrifice ritual performed by the hip-hop mogul just hours before he was acquitted of charges related to a 1999 nightclub shooting, reported Daily News. According to Daily News, in the recently released Hulu documentary ‘The Honorable Shyne’, Gene Deal recounts witnessing Sean Diddy Combs participate in a ritual in the Central Park where he reportedly sacrificed a white bird to influence the outcome of his trial. Adding on to that, Gene Deal described seeing Sean Diddy Combs drop to his knees before an unnamed man who prayed and instructed him to release the bird which then eventually fell lifelessly to the ground. Also Read: Vital deep sea communication cable between Germany and Finland cut, fingers point to one person — who is he?

athletes, Trump's signature dance has become a global phenomenon. The chief com-dancer's moves are gaining popularity, as quoted in a report by The New York Post. Athletes on the football pitch, soccer pitch, and even mixed martial arts octagon are now using President-elect Donald Trump's signature moves as a celebratory dance. Trump has a history of cutting rugs during the campaign. Trump received a hero's welcome at Madison Square Garden on Saturday when he arrived from backstage like a heavyweight fighter to thunderous applause. Elon Musk, RFK Jr. and UFC CEO Dana White were among his entourage members.