Investigations Financial News

Three people were killed and one seriously injured when a Tesla Cybertruck crashed and caught fire in Northern California

Directorate General of Civil Aviation (DGCA) has sent a notice to Akasa Air for failing to impart corrective training to a pilot who was responsible for a hard landing, according to people aware of the development. A hard landing occurs when an aircraft lands at a velocity beyond the manufacturer's permitted limit. DGCA rules mandate that after investigation is completed in such landings, the pilot should be sent for corrective actions like additional training in simulators. Sources cited above said that an Akasa Air flight from Bagdogra to Bengaluru was involved in a hard landing incident in March.

A host of incriminating materials, including mobiles/digital devices, banking transactions and property-related documents, were seized during the searches, the statement issued by the probe agency said. «In a massive crackdown in the terror-gangster nexus case, the NIA on Wednesday conducted extensive searches at premises linked with associates of Davinder Bambiha syndicate at nine locations in the states of Punjab, Haryana and Uttar Pradesh,» it said.

Federal investigators in New York have requested records from the manufacturer of an AI-powered weapons scanner that was briefly deployed in New York City’s subway system

Subscribe to enjoy similar stories. Executives at Zeiss SMT, which makes indispensable components to build the world’s most powerful semiconductors, got some troubling news last fall. Headhunters from Huawei Technologies, the Chinese tech firm, were trying to poach its employees.

B.C. provincial health officer Dr. Bonnie Henry said the teen infected with H5N1 avian flu remains in critical condition in Children’s Hospital.

Adani Green Energy following the US indictment for alleged bribery to win contracts. According to highly-placed state government sources, Andhra Pradesh is considering writing to Solar Energy Corporation of India (SECI) to cancel the power purchase agreement (PPA) signed with Adani Green Energy and recommend a probe by a central investigative agency. Other options being considered include formation of a Cabinet sub-committee to examine the charges of bribery and keep the power supply agreement (PSA) signed with SECI in abeyance. The third option is to completely scrap the PSA. Sources said that the state government is veering towards the option of writing to the SECI and ask it to scrap the PPA. The PPA under scrutiny involves the Andhra Pradesh government's procurement of 7,000 megawatts (MW) of solar power through SECI. US authorities have charged Gautam Adani and seven others with agreeing to pay bribes of $265 million to unnamed state government officials to obtain solar power-supply contracts in Odisha, Tamil Nadu, Chhattisgarh, Andhra Pradesh and the Union Territory of J&K, between 2021 and 2022.

According to PTI, the investigation, initiated by a complaint filed by Ramalingam from Maddipadu in Prakasam district, has led to a manhunt across multiple states. Police teams have been dispatched to various locations, including Hyderabad, Chennai, and Coimbatore, as they try to locate the filmmaker. Despite repeated notices, Varma has not appeared for questioning, leaving authorities to believe he may be deliberately evading arrest.

Subscribe to enjoy similar stories. Fitch Ratings may cut some Adani Group bond ratings to speculative territory after billionaire founder Gautam Adani was charged by the U.S. Justice Department in a bribery scheme.

Subscribe to enjoy similar stories. A ransomware attack against a major supply chain technology provider left retailers including Starbucks and U.K. grocery chain Sainsbury’s scrambling to manage operations including scheduling and handling inventories.

A Connecticut couple has been charged in Minnesota with being part of a shoplifting ring suspected of stealing around $1 million in goods across the country from upscale athletic wear retailer Lululemon

US State Department refused to comment on the disruptions in Indian Parliament over the indictment of billionaire Gautam Adani in a US court on charges of bribery. «That is a law enforcement matter,» State Department Spokesperson Matthew Miller told reporters at his daily news conference on Monday. He was responding to a question about Leader of Opposition in Lok Sabha Rahul Gandhi demanding the immediate arrest of Adani. «Is this something you support, such as the arrest and investigations, charges against Adani» he was asked. «I would defer to my colleagues at the Department of Justice to speak to it,» Miller said.

With criminal charges or action by the Securities and Exchange Commission, it’s very common that, within hours sometimes, investor lawsuits start pouring in, said William Devaney, partner at international law firm Baker & McKenzie LLP and a former federal prosecutor. “They tend to play out for years and often end up in settlements,” he added.

bribery case. The day's proceedings began in Lok Sabha with obituary references. The Speaker adjourned the House for an hour. When the House reassembled at 12 noon, the Opposition MPs marched into the well of the House demanding constitution of a joint parliamentary committee to investigate the US Indictment of Adani. Earlier, Congress chief whip in Lok Sabha Manickam Tagore had moved an adjournment motion to discuss the indictment. This was rejected. The House was adjourned for the day within a minute. In the Rajya Sabha, soon after Chairman Jagdeep Dhankhar finished with the birthday greetings and the House had paid respects to members who passed away recently, the Opposition raised the Adani issue which was disallowed by the Chair.

Macy’s on Monday delayed the publication of its third-quarter results due to an accounting issue tied to delivery expenses and instead posted preliminary results in which its sales missed Wall Street expectations.

Macy’s says it’s delaying the release of its fiscal third-quarter earnings results after it discovered an up to $154 million accounting-related issue

Subscribe to enjoy similar stories. Mumbai: When comedian Kunal Kamra began posting videos of old, dusty piled up scooters lying before Ola Electric service centres, he seemingly triggered a tidal wave of rants by Ola customers who had long given up on any redressal. Kamra’s X (formerly Twitter) post blew up with photos and videos of non-functional scooters.

Pulwama terror attack to extort money from a Hyderabad-based IT professional. The victim, a 29-year-old woman residing in Gachibowli, was recently swindled of Rs 2 lakh after fraudsters threatened her with a seven-year jail sentence and a fine of Rs 20 lakh, claiming that her accounts were linked to the perpetrators of the deadly attack that claimed the lives of 44 CRPF personnel. According to the Cyberabad police, the victim first received a call from an unknown number claiming that a parcel addressed to her had been returned to a FedEx office in Mumbai due to its suspected illegal nature.

TotalEnergies SE on Monday said it will make no new financial contribution as part of its investments in Adani group companies till the Indian firm's founder is cleared of bribery charges. The energy giant said it was not aware of the investigation into the alleged corruption. TotalEnergies is one of the biggest foreign investors in billionaire Gautam Adani's business empire and had previously taken stakes in the group's renewable energy venture Adani Green Energy Ltd (AEGL) and city gas unit Adani Total Gas Ltd (ATGL). In a statement, the French firm said it learnt of US authorities indicting Gautam Adani and two other executives for allegedly paying USD 265 million bribes to Indian officials to secure solar power supply contracts for AEGL.

Hundreds of supporters of India’s main opposition party have protested against billionaire Gautam Adani, who was recently indicted in the U.S. for alleged fraud and bribery, and accused the government of protecting the Indian coal magnate whose compani...