Investigations Financial News

Forensic and other experts are combing through the charred ruins of a factory building near South Korea’s capital to find the cause of a fire that killed 23 people, mostly Chinese migrant workers

European Union regulators have accused Microsoft of “possibly abusive” practices that violate the bloc’s antitrust rules by tying its Teams messaging and videoconferencing app to its widely used business software

Edappadi K Palaniswami on Tuesday called on Tamil Nadu Governor R N Ravi and demanded that he take action against the ruling DMK over the Kallakurichi hooch tragedy. The former chief minister, who led a delegation of his party legislators and advocate-wing members, met Ravi at Raj Bhavan here and submitted a memorandum on the alleged failure of the DMK government in containing the brewing and sale of illicit arrack, he said. Governor Ravi assured him that appropriate action would be taken based on his memorandum, Palaniswami later told reporters. Wondering aloud if there has been intelligence failure on spurious liquor consumption in Kallakurichi which claimed 60 lives, Palaniswami reiterated that DMK president and Chief Minister M K Stalin should take responsibility for the loss of lives in the hooch tragedy and step down. «The investigation should be handed over to the CBI in order to ensure impartiality and fairness in the probe,» he said.

Eastern Ohio residents will learn more Tuesday about the fiery Norfolk Southern train wreck that derailed their lives when the National Transportation Safety Board holds another hearing in their hometown about the disaster last year

Kannada actor Darshan, currently held in judicial custody due to his alleged involvement in the murder of his fan S Renukaswamy, had an emotional meeting with his family and friends at Bengaluru's Central Prison. Darshan, visibly moved, met his wife Vijayalakshmi, son Vineesh, and his actor-friend Vinod Prabhakar, son of Tiger Prabhakar, in prison on Monday. This heartfelt reunion brought tears to Darshan's eyes as he hugged his loved ones during their brief visit.

Apple is imposing unfair restrictions on developers of applications for its App Store in violation of a new European Union law meant to encourage competition in the tech industry, regulators in Brussels said Monday. Apple is the first company to be charged with violating the Digital Markets Act, a law passed in 2022 that gives European regulators wide authority to force the largest «online gatekeepers» to change their business practices.

Quant Mutual Fund is currently under investigation by the Securities and Exchange Board of India (SEBI) for suspected front-running. This illegal practice involves fund managers placing their own orders before executing large trades to profit from the anticipated price movement.

A fire at a South Korean crypto mining center destroyed “about 110” mining rigs, firefighters confirmed on June 24.

A Japanese transport ministry panel has proposed a number of air traffic control measures to boost safety

European Union regulators are accusing Apple of breaking new rules on digital competition by imposing rules in its App Store marketplace that prevent app makers from pointing users to cheaper options on other venues

The private operator of Puerto Rico’s power grid has confirmed the deferral of $65 million worth of maintenance and improvement projects in the U.S. territory

A fire likely sparked by exploding lithium batteries has swept through a manufacturing factory near South Korea’s capital, killing 22 mostly Chinese migrant workers and injuring eight

Officials say that China and the European Union are open to holding talks on the EU's recent decision to sharply raise tariffs on imports of Chinese-made electric vehicles

Julian Assange, founder of WikiLeaks, has agreed to plead guilty to a felony charge in a deal with the US Justice Department, according to court documents filed on Monday night. This plea deal aims to resolve a protracted legal battle involving multiple countries over the release of classified information. Assange will plead guilty to conspiring to unlawfully obtain and disseminate classified national defense information under the Espionage Act.

Quant Mutual Fund Sebi news: India's fastest-growing mutual fund is currently under investigation by the Securities and Exchange Board of India (Sebi) for suspected front-running, an illegal practice wherein fund managers place their own orders before executing large trades to profit from the anticipated price movement. 

June hasn't been kind to bitcoin: The price of the cryptocurrency briefly slipped below the $60,000 level Monday after it looked like it could surpass the previous all-time high of more than $73,000 earlier in the month.

commerce ministry's investigation arm DGTR has recommended the continuation of countervailing or anti-subsidy duty on welded stainless steel pipes and tubes from China and Vietnam to guard domestic players. In a notification, the Directorate General of Trade Remedies (DGTR) has said that there is a likelihood of injury to the domestic industry in the event of cessation of present countervailing duty on the imports from these two nations. «The authority has reached a conclusion that the duty imposed on subject goods is required to be extended further...The authority recommends extension of countervailing duties on imports of the product under consideration,» the DGTR has said. The directorate has recommended a duty of up to 29.88 per cent on the product.

Darshan Thoogudeepa is Prisoner No. 6106. Darshan’s descent from one of the titans of Sandalwood to becoming a criminal who engineered the cold-blooded murder of a fan. The Majestic star, also known as ‘D Boss’ in Sandalwood, is now behind bars for murdering a 33-year-old youth named Renuka Swamy. Through detailed interrogation, the police uncovered the involvement of Darshan, leading to his arrest on June 11, along with 14 others, including his girlfriend Pavithra Gowda. As the investigation continues, Darshan now finds himself living as prisoner number 6106, marking a dramatic descent from superstardom to imprisonment. Here’s a timeline of the case.

Uttar Pradesh Special Task Force (STF) arrested six individuals in connection with the paper leak of the Review Officer/Assistant Review Officer (Preliminary) Examination-2024. These arrests, made in Prayagraj, follow the discovery that the exam papers were leaked from a printing press in Bhopal. The examination, conducted by the Uttar Pradesh Public Service Commission (UPPSC) on February 11, was subsequently canceled on March 2 after reports of the leak surfaced. Prior to this, ten individuals had already been arrested in connection with the case. The accused face charges under various sections of the Indian Penal Code, including cheating, forgery, and criminal conspiracy, as well as the Uttar Pradesh Public Examination Act, 1998, and the Information Technology Act. During interrogation, it was revealed that the question paper was leaked in two ways. The arrested individuals include Sunil Raghuvanshi, a mechanical engineer at the printing press, and others identified as Subhash Prakash, Vishal Dubey, Sandeep Pandey, Amarjeet Sharma, and Vivek Upadhyay, all his former classmates. Initial intelligence had suggested that the leak originated from a school in Prayagraj, where Arpit Vineet Yashwant, responsible for the exam at the center, was previously arrested along with four gang members in April. Investigations are also looking into the involvement of the school's management and principal.

The recent backlash faced by the financial services platform Groww serves as a stark reminder of the potential risks associated with digital investment platforms.

National Testing Agency (NTA) and the Centre on Monday, asking them to respond to petitions seeking the cancellation of the medical entrance exam NEET-UG amid allegations of irregularities. The court scheduled the hearing in the matter on July 10, two days after the Supreme Court is set to hear similar petitions, including those seeking cancellation of the NEET-UG 2024 exam and a court-monitored investigation. Justice Ashok Kumar Jain of the high court issued the notices to the NTA and the central government and sought their response. The court considered the matter to be serious and scheduled the hearing on July 10, counsel for petitioners Rampratap Saini said. He said a hearing was held on four petitions in the high court during the day.