Investigations Financial News

By Bhanvi Satija and Patrick Wingrove

CBI and West Bengal police to probe an attack on ED officials at Sandeshkhali, a lawyer representing the agency said on Tuesday. The appeal has been listed for hearing before a division bench presided by Chief Justice T S Sivagnanam on Wednesday.

death inside two homes in the Chicago suburb of Joliet, Illinois, and a man who knew the victims was being sought by investigators as a suspect in the killings, police said on Monday. Police said they had no immediate information on a possible motive for the shootings, but said the victims were believed to be members of the same family.

Chicago. As reported by Reuters, law enforcement officials said on Monday that investigators are actively searching for a man familiar with the victims, considering him a suspect in the multiple killings.

Axis Bank: The lender is set to announce its third quarter results for FY24 on January 23. Kotak Institutional Equities estimates the bank to announce Net Interest Income (NII) of ₹124,553 million for Q3FY24, up 8.6% compared to the corresponding period last year. Net profit for Q3FY24 is projected to stand at ₹62,120 crore, up 6% year-on-year.

By Karl Plume and Seher Dareen

A federal appeals court has ordered the appointment of an independent examiner in the bankruptcy case of FTX amid concerns about widespread fraud preceding the collapse of the multibillion-dollar cryptocurrency exchange.

Moody’s Analytics has found 21 million “red flags” associated with shell companies that could be used to enable financial crimes, from ancient directors to dubious addresses.

An independent bankruptcy examiner must complete an investigation into the collapse of FTX, a federal appeals court ruled Friday.

B.Riley, an investment firm that has backed numerous Bitcoin mining projects, is allegedly involved in a probe brought forth by the United States Securities and Exchange Commission (SEC), according to a new report from Bloomberg.

Elara Securities raises target price of Reliance Industries post Q3 results; buy or sell? In early January 2024, the Supreme Court of India issued a judgement confirming that India's capital markets regulator, Securities and Exchange Board of India (SEBI), had completed its investigation of 22 of the 24 allegations against the Adani portfolio entities. SEBI will complete its investigation of the two remaining allegations, relating to Foreign Portfolio Investors (FPI), within the next three months.

Adani Ports and Special Economic Zone and Adani Electricity Mumbai to stable from negative on signs of robust cash flow in the next 12 to 24 months. Adani Ports' ratio of adjusted net debt to earnings before interest, tax, depreciation and amortization — a measure of its ability to pay off liabilities — is expected to be in the range of 3x to 4x over the next two years, S&P said.

SEBI as part of its ongoing investigation against the key management personnel of ZEEL, namely Punit Goenka, CEO and MD, has questioned some of the erstwhile directors of Zee Entertainment Enterprises Ltd (ZEEL), asking them about the steps they took to protect the minority shareholder rights of the company. On Monday, Sony Group Corp terminated its proposed $10 billion merger — first announced in December 2021 — between its India operations and Zee to create the largest media giant in the country. Following the development, at least 6 institutional shareholders cumulatively owning over 30 per cent of ZEEL are believed to be planning to approach the board and stock market regulator SEBI in the next week, to call an extraordinary general meeting (EGM) of ZEEL and seek the removal of ZEEL chairman R Gopalan and Punit Goenka, CEO and MD of the company. Over 350 ZEEL retail shareholders too are planning to join forces and write to SEBI seeking its intervention to protect their shareholder rights.

Zee Entertainment, global broking firm CLSA on Monday downgraded the stock to sell rating and warned investors that a valuation de-rating could be in the offing.

Circle Squared Alternative Investments founder Jeff Sica discusses whether Boeing stock is a buy on 'Varney & Co.'

Kim Hyun-Joo leads the cast of Netflix's K-Drama, 'The Bequeathed'. It explores the story of how a family gravesite inherited by Yoon Seo-Ha after her uncle's death leads to a series of murders and strange occurrences in a local village in Korea. This Korean drama premiered on Netflix on January 19.

By Nishit Navin and Chris Thomas

Zee Entertainment said it will take legal action against Japan-based Sony Group following the termination of merger plans which would've created India's largest broadcasting company.

ANI, Jayant Bajbale, DCP shared details and said that at around 11 pm on 21 January, some people of the Hindu community were raising slogans in 3-4 vehicles in the Naya Nagar area of Mira Road. Further describing, he said, “After this, an argument started with some people belonging to the Muslim community. Seeing the deteriorating situation, the police vehicle immediately reached the spot and took some people into custody." The DCP said that the situation has been brought under control and a flag march was conducted in the area.

Japan has become the fifth country in history to reach the moon

tightened restrictions on the sale of American semiconductors to China. But Nvidia, the world’s most valuable chipmaker, had immediately started developing a new, slightly less powerful artificial-intelligence (AI) chip for the Chinese market, to which the restrictions would not apply. “If you redesign a chip…that enables [China] to do AI, I’m going to control it the very next day," Ms Raimondo warned.