Prevention Financial News

Shell has reached an agreement with a consortium of companies to sell its onshore business in Nigeria's Niger Delta in a deal worth $2.4 billion

Bar and Bench reported. The bench has now referred the matter to the Chief Justice of India (CJI). The plea filed by Chandrababu Naidu had challenged the high court order refusing to quash the FIR against the Telugu Desam Party (TDP) chief by the Crime Investigation Department (CID) in the Skill Development Corporation scam case.

chargesheet against former Indian Rail Finance Corporation (IRFC) chairman and managing director Amitabha Banerjee for alleged irregularities in the purchase of gift items at exorbitant prices, officials said on Tuesday. The Central Bureau of Investigation (CBI) submitted its findings to a special court here after nearly three months of probe against Banerjee, they said, adding that the agency has invoked provisions of the Prevention of Corruption Act against him.

(Reuters) -Credit data firm Experian (OTC:EXPGF) posted a 9% rise in third-quarter revenue on Tuesday, powered by strong demand for its new products and business wins, especially in the Latin America region.

OpenAI has made a number of policy changes to prevent its generative AI-based technologies such as ChatGPT, Dall-e and the rest from undermining the 'democratic process' during upcoming elections. Notably, the world's leading democracies, including the US, UK and India, will go to the polls this year.

Times of India has reported. As per the report, these most wanted fugitives include defense dealer Sanjay Bhandari, diamond trader Nirav Modi and Kingfisher Airlines promoter Vijay Mallya. In order to seize the "proceeds of crime," efforts are being made to locate their properties in the UK and other nations, the report stated.

Betavolt, claims to have developed a groundbreaking battery that can power smartphones for an impressive 50 years without the need for charging. The nuclear battery, which has been hailed as the world's first miniaturized atomic energy system, uses 63 nuclear isotopes packed into a module smaller than a coin. The technology behind the battery involves converting the energy released by decaying isotopes into electricity. This concept was first explored in the 20th century and Betavolt has successfully realized it in their innovative product. The startup has already initiated pilot testing and plans to mass-produce the battery for commercial applications, such as smartphones and drones.

Chinese prosecutors say the former chairman of state-owned Chinese bank China Everbright Group has been arrested on suspicion of corruption and bribery

Reserve Bank of India (RBI) to give some relief to mainstream banks and development financiers on downstream loan-linked Alternative Investment Fund (AIF) exposures, which they were required to either liquidate by later this week or totally provide for in compliance with the central bank’s December 19 prudential directive. Non-banking financial companies (NBFC), however, are unlikely to be provided any relief by the RBI, with industry sources saying the primary goal of the original directive was to de-risk AIF exposures of NBFCs with downstream loan relationships with AIF beneficiaries, and prevent potential evergreening of doubtful advances to struggling corporates. “The RBI is unlikely to provide NBFCs exemptions on compliance, but banks and other financial institutions are likely to get relief,” said a banking industry source close to the development. January 18 is the liquidation deadline for under-scanner AIF exposures by banks, NBFCs, and development financial institutions (DFI), which primarily advance funds to MSMEs. A spokesperson at the RBI did not respond to ET’s requests for comment. Data compiled by the capital-markets regulator, the Securities and Exchange Board of India (Sebi), showed that funds raised by AIFs have risen to Rs 3.74 lakh crore by the end of FY23, from Rs 2.30 lakh crore in FY20.

MUMBAI : Indians love to self-medicate and pop their pills like candies. A recent government report sheds light on why prevention may not always be better than cure, and how we are staring at a crisis where antibiotics might just stop working. Mint explains the situation: Antibiotics and antivirals are a key factor behind humanity’s success against infectious diseases, helping raise life expectancy and making several diseases manageable.

Enforcement Directorate on Monday arrested Congress leader and former Punjab forest minister Sadhu Singh Dharamsot under the anti-money laundering law in an investigation linked to an alleged forest scam in the state, official sources said. The agency took the 64-year-old politician into custody under the provisions of the Prevention of Money Laundering Act (PMLA) in Jalandhar. The ED had raided the premises of Dharamsot, another forest minister of the state Sangat Singh Giljian, some forest department officials and others in November last year. The investigation pertains to charges of «bribery» in the state forest department against the issuance of permits for tree felling and for transfer/posting in the department, among other allegations. Dharamsot has been a five-time MLA and was also arrested by the Punjab Vigilance Bureau last year in a case linked to alleged possession of disproportionate assets. He has represented the Nabha assembly seat while Giljian has been an MLA from the Urmar seat in Hoshiarpur district. The money laundering case, filed under the provisions of the Prevention of Money Laundering Act, stems from an FIR of the Punjab Vigilance Bureau into alleged irregularities in the forest department and allegations of taking bribes by the ministers and officers concerned for issuing permits for felling of Khair trees, transfer/posting in the department, issuance of NOC from the department and purchase of tree guards.

Though the Federal Reserve stopped raising interest rates last summer, it is quietly tightening monetary policy through another channel: shrinking its $7.7 trillion holdings of bonds and other assets by around $80 billion a month. Now that, too, may change. Fed officials are to start deliberations on slowing, though not ending, that so-called quantitative tightening as soon as their policy meeting this month.

Rajeev Chandrasekhar on Monday assured that the government will shortly notify tighter rules under the Information Technology Act to ensure compliance by platforms in the country. Union Minister took to X on Monday and expressed gratitude to Sachin Tendulkar for pointing out the video. He said deepfakes and misinformation powered by AI are a threat to the safety and trust of Indian users and the platforms are required to comply with advisory issued by the Centre.

Sixty years ago, the U.S. surgeon general released a report that settled a longstanding public debate about the dangers of cigarettes and led to huge changes in smoking in America

Hawaii lawmakers are due to convene this week for the first time since the burning of historic Lahaina awakened the state to the deadly and costly threat posed by wildfires in an age of climate change

Supreme Court is scheduled to pronounce its verdict on Tuesday in a plea filed by former Andhra Pradesh Chief Minister Nara Chandrababu Naidu seeking to quash the FIR and criminal proceedings against him in the Skill Development scam case. Justices Aniruddha Bose and Bela M Trivedi will deliver the verdict on January 16 at 1 pm on a special leave petition filed by the Naidu against the Andhra Pradesh High Court's order of September 22, 2023, denying him relief. The top court had reserved the order on the plea for October 17, 2023. Naidu had approached the top court seeking quashing of the FIR and cited Section 17A of the Prevention of Corruption Act, 1988, to challenge his arrest by the Andhra Pradesh police's CID in a skill development scam.

The emergency alert that Albertans received on Saturday night shows how much work is going to be needed to adapt to future demand according to Alberta’s utilities minister and electricity experts.The alert, issued by the Alberta Electric System Operator (AESO), urged Albertans to reduce electricity usage to essentials only to prevent rotating outages. The alert came a few hours after AESO declared a grid alert due to extreme cold, high demand and low imports.On Sunday afternoon, AESO declared another grid alert for the third day in a row, asking Albertans to reduce electricity to essential use only.“We were concerned at one point that we were going to run out of emergency reserves and have to go to rotating outages,” said Leif Sollid communication manager for Alberta Electric System Operator.He said the last time Alberta saw rotating outages was during the floods of 2013.There was a significant drop in electricity demand almost immediately after the alert was issued.

Overview

Bethesda Game Studios is set to launch the Starfield January 17 update on Steam Beta, featuring over 100 fixes and improvements. The patch addresses quest-related issues, stability problems, and graphical enhancements.

By Scott DiSavino

SANTIAGO (Reuters) — Chile's SQM, the world's second-largest lithium producer, said it has suspended operations at the Atacama salt flat in Chile due to road blockades.