Inside Financial News

Mohammad Sameer, alias Maya, the leader of the Maya gang, who watched 'Shootout at Lokhandwala' on TV. He really liked the character named 'Maya', played by Vivek Oberoi. This inspired him to create a group called 'Maya Gang', and he started calling himself 'Maya bhai'.

Standard Lithium Ltd. is working on the breakthrough inside a white warehouse near a massive chemical factory run by Germany’s Lanxess AG that feeds brackish wastewater into the facility.

Organised Crime and Corruption Reporting Project (OCCRP) on Adani family's partners using 'opaque' funds to invest in its stocks, the Adani Group on Thursday said the the timing of these news reports is suspicious, mischievous and malicious. «We categorically reject these recycled allegations. These news reports appear to be yet another concerted bid by Soros-funded interests supported by a section of the foreign media to revive the meritless Hindenburg report.

JB Chemicals & Pharmaceuticals Ltd, part of the pharma industry, has rallied more than 40% in just 3 months which pushed the stock to a fresh record high in August 2023, but the rally may not be over yet, suggest experts. The stock rose from Rs 2064 on May 26th, 2023 to Rs 2921 recorded on 28th August 2023 which translates into a rise of over 40% in 3 months. The stock hit a record high of Rs 2935 on 28th August 2023. Most of the technical indicators suggest that the rally is likely to continue.

For Herbert Smith Freehills partners Tony Damian and Amelia Morgan, the opportunity to shape the debate on corporate law reform was too good to pass up.

Vivek Agnihotri and movie star Pallavi Joshi. «We are not Bollywood.

Babil Khan, who finds it challenging to walk the fine line between honesty and pretense. The young actor's social media feed is full of fascinating tales about his late father Irrfan Khan and life lessons from his mother Sutapa, but Babil said he «struggles» to be honest in his expression on social networking sites. «I'm struggling so much because I was brought up in a household where I got a phone when I was 16 or 17 years old.

Adani Group via «opaque» Mauritius funds that «obscured» involvement of alleged business partners of the Adani family, the Organised Crime and Corruption Reporting Project (OCCRP) said in an article on Thursday. Citing review of files from multiple tax havens and internal Adani Group emails, nonprofit media organization OCCRP said its investigation found at least two cases where the investors bought and sold Adani stock through such offshore structures. The OCCRP article comes after U.S.-based short-seller Hindenburg Research in January accused Adani Group of improper business dealings, including the use of offshore entities in tax havens such as Mauritius from where it said certain offshore funds «surreptitiously» owned stock in Adani's listed firms. Adani Group has called Hindenburg's claims misleading and without evidence and said it always complied with laws. Days following the January report though, Adani group stocks lost $150 billion in market value and remain down around $100 billion following a recovery in recent months after it repaid some debt and regained some investor confidence. In a statement to OCCRP, Adani Group said the Mauritius funds investigated by reporters had already been named in the Hindenburg report and the «allegations are not only baseless and unsubstantiated but are rehashed from Hindenburg's allegations.» «It is categorically stated that all the Adani Group's publicly listed entities are in compliance with all applicable laws including the regulation relating to public share holdings,» it told the OCCRP, according to the news article. Reuters has not independently verified OCCRP's assertions. Adani Group did not immediately respond to a Reuters request for comment on the OCCRP report.HINDEN

Before the tax leaks scandal broke this year, PwC was the dominant professional services group in the country.

Chedun, a working-class neighborhood in the southwestern outskirts of Shanghai, the signs of an anemic economy are all around. The factories that once drew workers from around the country have moved away. Those that remain have slashed wages. Around the affordable eateries and motley shops where workers once crowded, employees eagerly latch onto anyone passing by. “No one has money now, it’s obvious,” Cherry Qian, 25, said as she sat inside the electronics store she manages. But there’s one place the slump isn’t as obvious: in the government’s account of it. A gulf has emerged between the Chinese economy as many Chinese are experiencing it, and Beijing’s narrative of it — and that gulf is only widening. For many ordinary Chinese, one of the worst economic slowdowns the country has faced in decades has translated into widespread pessiYouth at a job fair in Wuhan mism and resignation. But state media and officials continue to declare that any challenges are blips. Concerns about the economy, propaganda outlets have insisted, have been inflated by Western politicians and media outlets engaged in “cognitive warfare.” One social media account backed by China’s state broadcaster released a video that purported to investigate how foreign news outlets had cherry-picked statistics that predicted higher economic growth, just so they could later say China fell short. When the reality has proved too inconvenient, another approach has simply been to conceal it, as when Beijing this month stopped publishing the youth unemployment rate, which had been at a record high.

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Haryana «avoided discussion» on issues raised by the opposition in the state assembly, including the Nuh violence, Congress leader Bhupinder Singh Hooda said on Wednesday. Communal clashes had erupted in Nuh and its adjoining areas after a Vishva Hindu Parishad (VHP) procession was attacked by a mob on July 31 leading to the death of six people, including two home guards and a cleric. «They (the government) avoided discussion when we raised law and order matters, including the Nuh incident.

Egyptian authorities say the national carrier will resume direct flights to Sudan this week following high profile talks between the Egyptian president and Sudan’s military chief

At least 11 people are suspected to be involved with a loan scam that allegedly drove a man to kill his wife and two young boys before trying to take his own life in their family home, Thai police said Wednesday

US National Hurricane Center has reported that Tropical Storm Idalia has intensified into a hurricane and is currently advancing toward the Gulf coast of Florida. «Idalia is Now a Hurricane. Expected to Rapidly Intensify Into an Extremely Dangerous Major Hurricane Before Landfall On Wednesday,» the weather agency said. As we approach the hurricane season, which spans from June 1 to November 30 in the Atlantic and the Caribbean, it's important to be well-prepared for potential natural calamities.

Former Pakistan Prime Minister Imran Khan’s judicial remand in connection to the alleged disclosure of state secrets extended till September 13 by a special court on Wednesday, PTI reported.

Titanic, citing a federal law and an international agreement that treat the shipwreck as a hallowed gravesite. The expedition is being organized by RMS Titanic Inc., the Georgia-based firm that owns the salvage rights to the world's most famous shipwreck. The company exhibits artifacts that have been recovered from the wreck site at the bottom of the North Atlantic, from silverware to a piece of the Titanic's hull. The government's challenge comes more than two months after the Titan submersible imploded near the sunken ocean liner, killing five people.

Suits. This new insight was shared by Suits creator Aaron Korsh during a recent interview with The Hollywood Reporter. Meghan Markle's journey from a successful acting career to Royal life has been widely discussed.

Trump mocking the former US President's latest arrest in an alleged racketeering case to overturn the outcome of Georgia's vote count in the 2020 presidential election, has landed a No. 2 spot on the iTunes chart. 'First Day Out' by artist Hi-Rez, who masquerades as «Trump the Don», has skyrocketed to the top of the iTunes Hip-Hop charts since it was released last week as the former President was taking his infamous mug shot inside a Georgia jail, reports The New York Post.

The Hindustan Times citing senior officials, the municipal authority intends to employ 40 skilled personnel to replicate the vocalizations of grey langurs. This strategy aims to discourage monkeys from approaching hotels and venues linked to the G20 Summit. NDMC vice chairman Satish Upadhyay noted that these temporary steps are being taken in coordination with the Delhi forest department to ensure that monkeys remain inside the Ridge and do not cause disruptions to the motorcades of dignitaries.

RBI) wants peer-to-peer (P2P) lending startups to work towards diversifying their partnerships to ensure there is no overlap of lenders and borrowers from the same partner which might eventually lead to asset-liability mismatch. Three people in the know told ET that while the banking regulator has not spelt out any statement on the fledgling sector explicitly, back channel conversations between companies and the regulator have made many startups course correct.