Fighting Financial News

Sony Group Corp. dodged a bullet when its lawyers nixed a $10 billion Indian merger that executives had spent two years trying to bring to fruition. The spurned target hasn’t been as lucky. Zee Entertainment Enterprises Ltd. has no other suitors on the horizon, and its founders’ mounting legal troubles are threatening to engulf the firm. To foreign investors, the Sony-Zee saga is a reminder of the need to approach Indian deals with an abundance of caution. In 2008, Daiichi Sankyo Co. shelled out $4.6 billion to buy Ranbaxy Laboratories Ltd., a generic drugmaker, from New Delhi-based brothers Malvinder Singh and Shivinder Singh. Shortly after, US regulators barred more than 30 drugs made at two of the Indian company's plants and halted reviews of new products at one of the factories because the firm had falsified data. Daiichi got pulled into a rabbit hole to win an arbitration award against the brothers for suppressing facts, and then to get it enforced. Sixteen years later, governance at many Indian family-controlled firms isn’t any better. The market watchdog, which is investigating Zee’s founder Subhash Chandra and his son Punit Goenka, the chief executive officer, for siphoning funds from the publicly traded firm, has found a 20 billion rupee ($241 million) diversion, roughly 10 times bigger than what was revealed to a preliminary probe.

Annie Raja to contest from Wayanad, the constituency represented by Congress leader Rahul Gandhi. A member of the CPI national executive, Annie Raja is the wife of CPI general secretary D Raja.

Jammu and Kashmir People's Conference on Monday formally announced the candidature of party chief Sajad Lone for the upcoming Lok Sabha elections from Baramulla-Kupwara seat in northern Kashmir. JKPC's general secretary Imran Ansari announced Lone's candidature asserting that the party aims «to defeat the common enemy of the people of J&K». «We believe that the fiercest speeches on the floor of Parliament, advocating the just cause of our people will finally be delivered by Sajad Lone after a painful wait of seven decades,» said Ansari in his official statement.

Shoe and sports clothing maker Adidas says it has started a third sale of the Yeezy sneakers it was left with after severing ties with Ye, the rapper formerly known as Kanye West

The prime ministers of Canada and Poland have discussed boosting exports of Ukrainian grain to the world’s poorest countries to ease protests by farmers in Europe who see the Ukrainian goods as a market threat

Money can create stress within a relationship, but talking through expectations and money beliefs can help couples get on the same page

By David Morgan

In 2023, artificial intelligence (AI) technology experienced an unprecedented surge in adoption, earning as enthusiasm for its human-like generative capabilities reached new heights.

A few Indians caught in the Russia-Ukraine conflict have sent desperate pleas back home asking to be rescued, saying the Russian military had hired them as helpers but coerced into fighting in the war. Out of roughly 100 Indians hired by the Russian military, at least one has been killed in battle. The Indian government is scrambling to secure the discharge of these individuals.

United Nations chief Antonio Guterres on Monday deplored how the U.N. Security Council had failed to respond adequately to the Israel-Hamas conflict in Gaza and Russia's invasion of Ukraine, saying the conflicts had «perhaps fatally» undermined its authority. Speaking at the opening of the U.N. Human Rights Council in Geneva, Guterres said the U.N. Security Council often found itself deadlocked and «unable to act on the most significant peace and security issues of our time». «The Council's lack of unity on Russia's invasion of Ukraine, and on Israel's military operations in Gaza following the horrific terror attacks by Hamas on 7 October, has severely — perhaps fatally — undermined its authority,» he said.

100 officers from specialized units from various police forces including the RCMP were deployed. Led by the Sûreté du Québec (SQ), raids began Friday evening at multiple establishments in and around the capital city targeting those involved in conflicts between drug-dealing street gangs and more established biker clans.The ongoing conflict has resulted in a worrying uptick in violence.

Varun Gandhi, reports suggested, will fight the election as an independent candidate from Amethi, with outside support from the Congress and Samajwadi party alliance. The two parties sealed the seat-sharing formula and Amethi and Rae Bareli are the two seats which the Congress got in deal. Amethi was earlier held for 15 years by Varun's cousin Rahul Gandhi, who was defeated by BJP leader and now Union Minister Smriti Irani in 2019.

Ukraine's defense minister says half of all promised Western military support fails to arrive on time

Ministry of External Affairs (MEA) has issued a statement regarding the plea of four Indian youth who were allegedly forced to join the Russian army and are now stranded in Russia along the war-torn Ukraine border. Expressing concern over the situation, the MEA clarified its stance on media reports regarding Indian nationals seeking discharge from the Russian army. According to the MEA, every case brought to the attention of the Indian Embassy in Moscow has been strongly taken up with the Russian authorities. Similarly, cases brought to the attention of the Ministry have been addressed with the Russian Embassy in New Delhi. This effort has resulted in several Indians being discharged, with the MEA reaffirming its commitment to actively pursuing all relevant cases of Indian nationals for an early discharge from the Russian army.

Priyanka Gandhi Vadra and other Congress leaders, was in Rajasthan's Dholpur on Sunday, a day before pausing the yatra for the five-day break. “Last year, we took out the Bharat Jodo Yatra to unite the country, and this year, from east to west, this Bharat Jodo Nyay Yatra is being taken out to fight against the injustice happening to the people of this country," Rahul, said in his brief address at Dholpur.

Israel's military proposed a plan Monday for «evacuating» civilians from the Gaza Strip, after Prime Minister Benjamin Netanyahu said a ground invasion of the Palestinian territory's southern city Rafah was necessary for «total victory». Foreign governments and aid organisations have repeatedly expressed fears that such an operation will inflict mass civilian casualties in Rafah, where around 1.4 million Palestinians — most of them displaced from other areas — have converged. It is also the entry point for desperately needed aid, brought in via neighbouring Egypt.

Realistic AI-generated images and voice recordings may be the latest threat to democracy, but they’re part of a long-standing family of deceptions. The way to fight so-called deepfakes isn’t to develop some rumour-busting form of AI or train the public to spot fake images. A better tactic would be to encourage a few well-known critical thinking methods—refocusing our attention, reconsidering our sources and questioning ourselves.

Israeli military offensive in the southernmost city of Rafah could be «delayed somewhat» if a deal for a weekslong cease-fire between Israel and Hamas is reached, Prime Minister Benjamin Netanyahu said on Sunday, but claimed that total victory in Gaza is «weeks away» once the offensive begins. Netanyahu confirmed to CBS that a deal is in the works, with no details. Israeli media reported that mediators were making progress on an agreement for a cease-fire and release of dozens of hostages held in Gaza as well as Palestinians imprisoned by Israel. Several Israeli media outlets, citing unnamed officials, said the War Cabinet tacitly approved it. Talks resumed on Sunday in Qatar at the specialist level, Egypt's state-run Al Qahera TV reported, citing an Egyptian official as saying further discussions would follow in Cairo with the aim of achieving the cease-fire and release. Meanwhile, Israel is developing plans for expanding its offensive against the Hamas militant group to Rafah on the Gaza-Egypt border, where more than half the besieged territory's population of 2.3 million have sought refuge.

Kagurabachi Chapter 22 is mounting as fans eagerly await the next installment of the gripping manga series. Following the intense battles of the previous chapter, readers are eager to see how the conflict between Chihiro and Hiyuki unfolds. Here's everything you need to know about the upcoming chapter.

₹5 lakh for modern treatments, while offering a sum insured of ₹20 lakh is counter-productive. A few insurers have made it a standard policy to cap 50% of the sum insured for modern treatment. This obviously helps them get more customers by offering lower price, but creates negative feedback loop for the category.

By Dan Williams and Nidal al-Mughrabi