Action Financial News

Lawyers for collapsed cryptocurrency exchange FTX Trading are accusing Sam Bankman-Fried's parents of exploiting their influence over their son and the company he founded to enrich themselves by millions of dollars

California officials may vote Tuesday to slash how much water a major bottling company can pull from a watershed in the San Bernardino National Forest

Three former Columbus Zoo and Aquarium executives engaged in a pattern of corrupt activity that cost the facility more than $2.2 million

A former Marine at the center of a Jan. 6, 2021, conspiracy theory has been charged with a misdemeanor in connection with the U.S. Capitol riot and is expected to plead guilty

Indian officials said on Tuesday that at least nine separatist organisations supporting terror groups currently have bases in Canada. The remarks came amid a brewing diplomatic crisis between the two countries over the death of Khalistani terrorist Hardeep Singh Nijjar. Prime Minister Justin Trudeau on Monday linked Indian authorities to the July killing, prompting a furious rejoinder from New Delhi.

GoI has tabled the Women's Reservation Bill to provide a 33% quota for women in Lok Sabha and state assemblies. While the Bill is likely to have a smooth passage, it's unlikely to come into force until the next census (2027) and delimitation exercise are completed. Better late than never.

artificial intelligence (AI) in their operations are at risk of falling behind, as the emerging technology has the potential to accelerate 20% of worker tasks without compromising quality, Bain and Company said in a survey report on Tuesday. The Global Technology report, which surveyed over 570 executives, found that 89% of software companies are already employing AI to distinguish their products. Also, early adopters of AI are reaping rewards in terms of productivity gains as companies continue to explore novel ways to integrate AI into their business operations.

public health and geopolitical instability that are impeding efforts to address pressing global issues. The theme of the 78th session of the UNGA is “Rebuilding trust and reigniting global solidarity: Accelerating action on the 2030 Agenda and its Sustainable Development Goals towards peace, prosperity, progress and sustainability for all." Beside President Joe Biden of the United States, none of the leaders of the five permanent members of the Security Council—namely the US, Russia, China, France and Britain—are attending the UNGA session.

That was quite a week we just had in the market. In fact, if you are a news follower, you are probably confused as hell.

₹5.00 lakh on Lalbaug Co-operative Bank Ltd., Vadodara, Gujarat for non-compliance with the directions issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’ and ‘Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016’. The RBI said the bank had not only breached prudential inter-bank (gross) exposure limit, but also breached prudential inter-bank counter-party exposure limit, and failed to pay interest on overdue recurring and term deposits from the date of maturity till the date of repayment at the applicable rate.

Narendra Modi accountable," Jagmeet Singh wrote on X (formerly Twitter). The post on the X comes after India and Canada expelled top diplomats from the country over the killing of Hardeep Singh Nijjar.

That India hosted one of the most successful G20 summits of all under its presidency, that too amid a difficult global geo-political and economic scenario, is commendable. Conducting a G20 summit is like an orchestra, where different ministries, departments and government bodies of the host country work seamlessly under the leadership of the concert-master—in our case, Prime Minister Narendra Modi. With the G20 success, India has shown its skills of coordination, planning and execution to the world.

G20 leaders in India, UN Secretary General Antonio Guterres on Tuesday underscored that it is time for a «global compromise» as he told Heads of State and Government here that the world needs statesmanship and not gamesmanship to deal with current challenges. «Divides are widening within countries. Democracy is under threat. Authoritarianism is on the march.

Leading digital money project eCash (XEC) has exploded +18% over the last 48-hours, as excitement for On-Chain staking upgrade grows amongst the eCash army - but is it too late to buy eCash?

Canada and despite multiple deportation requests Ottawa has taken no action against those involved in heinous crimes including the killing of popular Punjabi singer Sidhu Moosewala, officials here said on Tuesday. They said that pro-Khalistani outfits such as the World Sikh Organization (WSO), Khalistan Tiger Force (KTF), Sikhs for Justice (SFJ) and Babbar Khalsa International (BKI) working at the behest of Pakistan have been allegedly operating freely form the Canadian soil. They said allegations levelled against India by the Canadian authorities and politicians in relation to the murder of Canadian citizen Hardeep Singh Nijjar, a Khalistani terrorist, are incorrect and based on unsubstantiated assumptions. The issue of deportations of wanted terrorists and gangsters have been raised by Indian authorities at multiple diplomatic and security talks but the Canadian authorities remained non-committal and brazen in support of these terror elements, the officials said. Multiple dossiers have been handed over to the Canadian side but India's deportation requests have gone unaddressed, they said, adding at least nine separatist organisations supporting terror groups have found their bases in Canada. Eight individuals involved in terror activities and as many gangsters, who have been conspiring with Pakistan's ISI, have found a safe haven in Canada, the officials said. They said that deportation requests for these people — including Gurwant Singh who was involved in terrorist activities in early 1990s — have been pending with the Canadian authorities for years now.

RAW chief A S Dulat Tuesday said Canada expelling an Indian diplomat after claiming that New Delhi was potentially linked to the killing of a Khalistani extremist will have a bearing on bilateral relations. «This kind of expulsion or terming a diplomat persona non grata keeps happening.

BJP on Tuesday termed as «baseless and ironical» Prime Minister Justin Trudeau's allegations against India in connection with the killing of a Khalistani terrorist in Canada and demanded that the Canadian government take effective action against «all anti-India elements active on its soil».

FTX on Monday sued the parents of founder Sam Bankman-Fried, saying that Stanford professors Joseph Bankman and Barbara Fried used the company to enrich themselves at the expense of FTX's customers. FTX, now being led by turnaround specialist John Ray, said that company founder Sam Bankman-Fried ran FTX as a «family business» and misappropriated billions in customer funds for the benefit of a small circle of insiders, including his parents. Sam Bankman-Fried has pleaded not guilty to charges that he defrauded FTX customers by using their funds to prop up his own risky investments. He is currently jailed ahead of a trial scheduled to begin October 3. Other former FTX executives have pleaded guilty to criminal charges.

Justin Trudeau on Tuesday said that Canada is not looking to provoke India as he urged the Indian government to take killing of separatist Sikh leader Hardeep Singh Nijjar seriously. The Canadian government on September 19 expelled a top Indian diplomat and accused India of having links to the killing of Khalistani separatist Nijjar. However, India refused such claims and called the move «absurd and motivated.» India also expelled a senior Canadian diplomat in a tit-for-tat action after Ottawa's expulsion of an Indian official over the case, marking fresh tensions to the already frayed bilateral ties. Canadian High Commissioner to India Cameron MacKay was summoned and he was informed about the decision to expel the senior diplomat with the Ministry of External Affairs (MEA) saying the move reflects New Delhi's growing concern at the «interference of Canadian diplomats in our internal matters and their involvement in anti-India activities». In a strongly-worded statement, the MEA also trashed comments by Trudeau and Foreign Minister Melanie Joly, asserting that «such unsubstantiated allegations seek to shift the focus from Khalistani terrorists and extremists, who have been provided shelter in Canada and continue to threaten India's sovereignty and territorial integrity». Though New Delhi did not divulge the name of the Canadian diplomat who has been asked to leave India within five days, people familiar with the matter said it is Canadian intelligence agency's station chief in New Delhi Olivier Sylvestere. The Indian action to expel the Canadian diplomat came hours after Joly announced that a «top Indian diplomat» has been expelled from Canada.

By Nandita Bose

By David Lawder