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President Joe Biden will make his long-awaited visit to Africa this week to showcase a U.S.-backed railway project that goes across three countries

Adani Green Energy shares surged 9% to Rs 1,445, recovering all losses since the U.S. indictment on November 21. This sharp rebound follows allegations against the group's billionaire founder, Gautam Adani, over an alleged $265 million bribery scheme. The recovery in stock value came after the company issued a clarification denying the bribery accusations against Gautam Adani and other group officials, boosting investor confidence. In recent trading sessions, Adani Green has emerged as one of the top performers, dispelling concerns related to the allegations.

Sandip Sabharwal, asksandipsabharwal.com, says net-net, 2025 should be a reasonably good year overall because today the consensus trade is long dollar, long US equities, and the overweights on that are so excessive that normally and the consensus view is so drastic on that side, normally the reverse plays out and we could actually see emerging markets and emerging market currencies do better in 2025. In auto, among two-wheelers, TVS has done better than expected, Hero MotoCorp has done less well. Maruti numbers seem to be pretty good and they are the ones who actually corrected the delay in inventories and the management said that we are back to normal last month. So, the positives seem to be from TVS and Maruti. What do you make of the GDP slowdown because people are trying to find reasons around it as to whether one should look at the nominal number or if it is just manufacturing or a backward-looking data and all of that. What is your key takeaway on consumption right now? Sandip Sabharwal: GDP data, whenever it is released, is obviously backward-looking because the reports of the companies have already come in. So, the second quarter results in general were disappointing and those by themselves reflected a growth slowdown. All of us knew that there was a growth slowdown. It was just RBI, which was maintaining a very high forecast of growth, which looked very improbable. So, that reporting has come in.

Samantha Ruth Prabhu recently lost her father. Joseph Prabhu breathed his last on November 29. The ‘Ye Maaya Chesave’ star broke the news through a short but emotional post. Taking to Instagram Stories, she penned, “Until we meet again, Dad.” and added a broken-hearted emoji. The late Joseph Prabhu was known to be reticent and was not seen in public with his famous daughter. However, an old social media post of his, where he came to Samantha’s defense after her divorce from her ‘Majili’ co-star Naga Chaitanya, is currently going viral. In 2021, Joseph responded to his daughter Samantha’s divorce from her ex-husband Naga Chaitanya by sharing a heartfelt throwback photo of the couple from their wedding along with an acerbic post that read: “Long, long ago, there was a story. And it doesn’t exist anymore. So, let’s start a new story and a new chapter.”

Adani Group stocks will be in focus on Monday after Gautam Adani, chairman of the energy-to-infrastructure conglomerate, addressed ongoing challenges, including allegations of bribery and fraud involving Adani Green Energy. Speaking at the 51st Gem & Jewellery Awards in Jaipur on Saturday, Adani described the allegations as opportunities to strengthen the group. «Less than two weeks ago, we faced allegations from the US regarding compliance practices. Every attack makes us stronger, and every obstacle becomes a stepping stone for resilience,» Adani said, referring to charges filed by the US Department of Justice and the SEC.

Donald Trump has responded to outgoing US President Joe Biden's decision to pardon his son Hunter who had been convicted on charges related to gun crimes and tax violations, calling it a miscarriage of Justice. In a post on Truth Social, Trump said, «Does the Pardon given by Joe to Hunter include the J-6 Hostages, who have now been imprisoned for years? Such an abuse and miscarriage of Justice!» The J6 hostages is a reference to those people imprisoned for their role in the January 6, 2021 riots on Capitol Hill, Trump and his supporters have called the imprisoned people hostages claiming they were acting peacefully and patriotically.

The central bank’s rate cuts anticipated from early next year on slowing economic growth, continued index-inclusion-related foreign inflows and strong demand from local pension and insurance companies are likely to further burnish the appeal of sovereign notes.

OpenAI CEO Sam Altman on Sunday expressed confidence that US President-elect Donald Trump's administration would support the artificial intelligence sector to ensure the United States and its allies continue to lead it. Speaking to conservative US broadcaster Fox News on Sunday, Altman said AI technology needed massive infrastructure support and that he believed Trump would be good at providing it. «We need to build that here and we need to be able to have the best AI infrastructure in the world to be able to lead with the technology and the capabilities,» he said.

Abizer Diwanji, Founder, NeoStrat Advisors LLP, says people will take the decision on the basis of whatever their compulsions are. Institutional investors, especially from the US, will have bigger compulsions in their country, being answerable to their own investors, and they may take a different call. The primary consideration for a normal investor should be returns and the efficacy of cash flow. As far as we have been covering banking, there is a reputational risk, there is a financial risk. But despite that, you have seen that Japanese lenders may continue to support Adani. How would these banks be assessing the situation according to you? Abizer Diwanji: First of all, banks are very focused on lending and lending to specific projects which have a high probability of cash flows, that is the most important thing. Now, given the group's ability to construct and execute contracts well, I think from a credit risk perspective which is the main criteria on which lending is done, most people would take a view that there is no problem with the credit.

Subscribe to enjoy similar stories. India has stayed off US President-elect Donald Trump’s target range so far, but Brics was the focus of his latest finger-wag.

“While we could see some foreign selling in the next one week or so, the extreme selling should fizzle out as global investors typically have light positions in December,” said Abhilash Pagaria, head of alternative and quantitative research at Nuvama.

Kalyan Roy, a resident of Thakurmura village, Tripura (located at the Bangladesh border). The arrest led to the recovery of Rs 2.40 lakh, said the Cybercrime unit of Delhi Police. According to the Cybercrime unit's statement, the complainant, Sunil Verma, alleged that in September 2021, he came in contact with a foreign woman (American) on Facebook. The woman later sent him a WhatsApp message, claiming to be sending gold jewelry, mobile phones, laptops, and a few thousand American dollars through a courier. She requested him to accept these items on her behalf. The statement from Delhi Police's Cybercrime unit continued: «In October 2021, the complainant received a call from someone claiming to be a delivery partner, stating that a parcel containing precious items was lying at the courier office in his name. The caller requested a fee to release the parcel.»

Foreign investors were net sellers of securities under the central bank's fully accessible route (FAR) for the second straight month in November, as global fund managers went underweight on Indian securities amid rising US yields. Foreign portfolio investors sold FAR securities worth ₹5,186.7 crore more than those they purchased in November, according to data from the Clearing Corporation of India. Net sales in October were ₹2,051.67 crore.

Canada’s ambassador to the United States says Prime Minister Justin Trudeau was successful in getting President-elect Donald Trump and some key cabinet nominees to understand that lumping Canada in with Mexico over the flow of drugs and migrants into t...

Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the carmaker that owns brands like Jeep and Ram and Citroën and Peugeot

Former “Harry Potter” film actor Rupert Grint faces a 1.8 million-pound (US$2.3 million) bill after he lost a legal battle with the tax authorities.

cement maker Holcim will exit its Nigerian business through the sale of its almost 84% stake in Lafarge Africa to China's Huaxin Cement in a $1 billion deal, it said on Sunday. The deal aligns with Holcim's strategy to streamline its portfolio and focus on high-growth regions, including the coming spin-off of its North American business, which remains on track for a US listing in the first half of 2025.

Gulf Air flight, GF005, was unexpectedly diverted. The passengers have accused the airline of neglect, claiming they were left without food or assistance during the long wait. A video shared on social media shows frustrated passengers arguing with airport authorities.

Subscribe to enjoy similar stories. Leading members of the US political and economic establishment are either ecstatic or nervous about Donald Trump’s second term, depending on their respective world-views. Many imponderables cloud the horizon, given some of the unknown quantities in the Trump cabinet or the difficulty in predicting the gap between pre-poll rhetoric and actual policy roll-out.

Subscribe to enjoy similar stories. Antony Blinken, America’s secretary of state, was unusually blunt on a recent visit to Europe: “One of the reasons that [Vladimir] Putin is able to continue this aggression is because of the provision of support from the People’s Republic of China," he said. China was, he added, “the biggest supplier of machine tools, the biggest supplier of microelectronics, all of which are helping Russia sustain its defence industrial base".

Indian tycoon Gautam Adani says his conglomerate is committed to “world-class regulatory compliance" after being indicted in the U.S. on fraud charges and an alleged bribery scheme worth millions of dollars, his first remarks since the accusations surf...