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An 88-year-old doctor accused of sexually assaulting Indiana University basketball players back in the 1990s has been ordered to appear before a judge Tuesday to determine whether he is competent to be questioned about the alleged abuse. Delaney named the Trustees of Indiana University as defendants in the lawsuit, alleging Title IX violations by the school for failing to protect the students. In response, Indiana University retained the Jones Day law firm to launch an independent investigation into the Bomba allegations. The doctor had played football for Indiana University and was nicknamed “Frankenstein” by coaches and players “due to the large size of his hands and fingers,” the lawsuit added. The accusations that IU turned a blind eye to allegations of a team doctor sexually abusing student-athletes echo another major scandal involving a team doctor.

Persons: Bradford Bomba, Judge Mario Garcia, Garcia, Joseph Bomba, “, George Parker, Bomba, Haris Mujezinovic, Charlie Miller, Bob Knight, Kathleen Delaney, Miller, Delaney, Knight, William J, Beggs, Mujezinovic, Frankenstein, “ Dr, Bradford Bomba Jr, Bomba’s, Richard Strauss, Strauss Organizations: Indiana University, IU, IU Health, Hoosiers, Court, Jones, NBC, Hoosier, Indiana, American Cancer Society, Ohio State University Locations: Indianapolis, U.S, Southern Indiana, Bloomington , Indiana

☆ CNBC Daily Open: November was a month to remember for stocks
▼ + stars: | 2024-12-02 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stocks' November reignMajor U.S. indexes climbed on Friday, a shortened day of trading, ending the week and the month higher. Second-best month for BitcoinBitcoin celebrated its second-best month of the year so far, jumping 38% for November. [PRO] Eyes on November's jobs reportThis week's major piece of data is November's jobs report, out Friday.

Persons: Stocks, Bitcoin Bitcoin, Donald Trump, Musk, Elon Musk, OpenAI, It'll Organizations: New York Stock Exchange, CNBC, Dow Jones, Reserve Bank of India, OpenAI, Elon, U.S . Federal Locations: New York City, U.S .

☆ An Indian automaker just unveiled 2 EVs priced around $25,000. Analysts say buy the stock
▼ + stars: | 2024-12-02 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Mahindra & Mahindra , one of India's largest automakers, last week unveiled two new electric vehicles priced around $25,000, challenging both domestic and international rivals in the growing Indian EV market. The Wall Street bank has a buy rating on Mahindra's stock, with a price target of 3,520.00 Indian rupees ($41), which points to 18% upside potential. MAHM-IN 1Y line Mahindra & Mahindra said the vehicles will have a range of up to 682 kilometers (424 miles) with the larger battery option. He has a price target of 3,420 rupees on the stock, which represents 15% upside and is also the median price target of all analysts covering the stock. Tata Motors , another large automaker, currently dominates India's small EV market, with about 70% market share.

Persons: Arvind Sharma, Citi's Sharma, Tesla, Motilal Oswal, Aniket Mhatre, Mhatre, Motilal, Kapil Singh Organizations: Mahindra, EV, Electric, Bank of America, National Stock Exchange, Motilal Oswal, Investment, Tata Motors, Korea's Hyundai Motors Locations: Chennai, India, China, U.S, Germany

☆ India's airlines have received 999 hoax bomb threats this year
▼ + stars: | 2024-11-29 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +2 min

AdvertisementIndia's airlines have received 999 hoax bomb threats this year, according to an Indian official. He said there were 500 bomb threats in the last two weeks of October alone, but all were hoaxes. India's airlines have already received 999 hoax bomb threats this year, Murlidhar Mohol, India's deputy civil aviation minister, said on Thursday. Mohol said that 12 people had been arrested in connection with 256 police complaints filed over hoax bomb threats up until November 14, and that more than 500 threats had been made in the final two weeks of October, more than in the rest of the year combined. AdvertisementAnother Air India plane flying from Mumbai to New York was diverted midair to New Delhi in October, The Indian Express reported at the time.

Persons: Murlidhar, Mohol Organizations: Reuters, Boeing, Air India Express, India, Indian Express Locations: India, Delhi, Chicago, Mumbai, New York, New Delhi

India's economy expanded by just 5.4% in its second fiscal quarter ending September, well below estimates by economists and close to a two-year low. The print follows 6.7% growth over the previous quarter and is the lowest reading since the last quarter of 2022. Economists polled by Reuters had forecast growth of 6.5% for the period, while the Reserve Bank of India expected an expansion of 7%. The weak GDP reading could potentially affect the country's interest rate trajectory, with the RBI's Monetary Policy Committee scheduled to meet between Dec. 6-8. Markets watchers had been expecting an eleventh consecutive pause by the RBI, with the repo rate currently at 6.5%.

Persons: Harry Chambers Organizations: Reuters, Reserve Bank of India, Capital Economics

☆ Clashes erupted outside a Hindu temple near Toronto. They’re the latest sign of Canada and India’s spiraling relations
▼ + stars: | 2024-11-29 | by ( Lex Harvey | ) edition.cnn.com time to read: +12 min

Canadian Prime Minister Justin Trudeau attends a press conference following Canada's expulsion of six Indian diplomats, in Ottawa on October 14, 2024. Members of the Hindu Sikh Global Forum protest the clashes between Hindu and Sikh communities in Canada in New Delhi, India, on November 9, 2024. However, the Canadian prime minister recently acknowledged that Khalistan separatists “do not represent the Sikh community” in Canada. A downward spiral of relationsWhile the Khalistan issue has persisted for decades, relations between Canada and India have plummeted under Modi and Trudeau. India's Prime Minister Narendra Modi (L) walks alongside Home Affairs Minister Amit Shah outside a polling station during India's general election, in Ahmedabad, India, on May 7, 2024.

Persons: Justin Trudeau, Hardeep Singh Nijjar, Dave Chang, “, Narendra Modi’s, –, Amit Shah –, Shah, Hardeep Singh, Cole Burston, Modi, Trudeau, ”, Michael Kugelman, Indira Gandhi, Stephanie Carvin, Sanchit Khanna, ” Carvin, Harsh Pant, Narendra Modi, Amit Shah, Adnan Abidi, ” Kugelman, Joe Biden, Biden, Eraldo Peres, ” Modi, Kugelman, Pant, Canada’s, ” Pant Organizations: CNN, Canadian, Sikh, Khalistan, Indian, Getty Images, Bharatiya Janata Party, New Zealand –, South Asia Institute, Wilson Center, Ottawa’s Carleton University ., Air India, Sikh Global Forum, Hindustan Times, Research Foundation, India's, Home, Reuters, Indian Army, CBC, Canadians, US, Observer Research Foundation Locations: Canadian, Brampton, Toronto, Canada, India, Indian, Ottawa, AFP, Delhi, New Delhi, United States, United Kingdom, Australia, New Zealand, Asia, Pacific, New York City, Washington , DC, Mumbai, Montreal, Carvin, Local, Ahmedabad, Rio de Janeiro, Brazil, Modi, Brampton’s

☆ CNBC's Inside India newsletter: The causes and costs of India's brain drain
▼ + stars: | 2024-11-28 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +10 min

(Photo by Sanchit Khanna/Hindustan Times via Getty Images)This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Raj is looking for jobs outside India and says he is "willing to go anywhere and do anything." "My parents took a [1.9 million Indian rupee] ($22,491) loan for my degree, so I studied hard and interned to find a well-paying job quickly," the 27-year-old, told CNBC's Inside India. Speaking to CNBC's Inside India, Ghosh — a professor formerly at India's Jawaharlal Nehru University and currently at the University of Massachusetts Amherst — noted "there is definitely a jobs crisis in India." This shift in perspective has translated to "brain drain," being considered as a "term from the last century," Sunaina Kumar, a senior fellow at think tank the Observer Research Foundation (ORF), told CNBC's Inside India.

Persons: Sanchit Khanna, Raj, Keshav Raj, Anurag Sinha, Sinha, aspirational, Jayati Ghosh, Ghosh —, University of Massachusetts Amherst —, They've, Ghosh, Sundar Pichai, Satya Nadella, Leena Nair, Subrahmanyam Jaishankar, Sunaina Kumar, Kumar, ORF's Kumar, foundit's Sinha Organizations: Hindustan Times, Getty, ., SRM Institute of Science & Technology, United Arab, India, India's Jawaharlal Nehru University, University of Massachusetts Amherst, International Labour Organization, UN, Microsoft, Institute of South Asian Studies, National University of Singapore, Observer Research Foundation, Bank, South Locations: DELHI, INDIA, Anand, New Delhi, India, Indonesia, Tamil Nadu, Canada, Australia, United Arab Emirates, U.S, Europe, Indian

☆ Marcellus Investment Managers Founder: India economic fundamentals remain strong, but with pressure ahead
▼ + stars: | 2024-11-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarcellus Investment Managers Founder: India economic fundamentals remain strong, but with pressure aheadPramod Gubbi of Marcellus Investment Managers speaks about how foreign institutional investors still believe in the strength of India's long term economic future. However, valuations have been too hot, and structural factors such as automation are a cause for worry. He sees an the development of a sustainable Indian economy by pivoting away from consumption-led growth.

Organizations: Investment, Marcellus Investment Locations: India

☆ It’s expensive to visit the Maldives. Now it’s more expensive to leave, too
▼ + stars: | 2024-11-26 | by ( Lilit Marcus | ) edition.cnn.com time to read: +2 min

CNN —The Maldives, with its sprawling white sand beaches and dazzling coral reefs, is one of the world’s most expensive holiday destinations. Now, though, this Indian Ocean archipelago nation has just increased the price it costs to leave. The departure tax is broken down per passenger based on the class of service they’re using to fly out of the Maldives. Located off the coast of India, the Maldives has a population of about 525,000 across more than 1,000 islands and atolls. Geography makes the Maldives an easy sell for high-end brands, as hotels and resorts can easily have their own private island.

Persons: MIRA, St Regis Organizations: CNN, Passengers, Maldivian Inland Revenue Authority, International, Ritz Carlton, US State Department Locations: Maldives, Delhi, London, Maldivian, MIRA, India, Malé

Will Trump’s former defense lawyer protect the Justice Department from Trump? Justice Department attorneys now hope that Trump’s pick for the critical No. 2 position at the department — Todd Blanche, the president-elect’s defense lawyer — can help protect the department’s career civil servants from Trump. Blanche served as Trump’s lead criminal defense lawyer in the Stormy Daniels hush money case brought by Manhattan District Attorney Alvin Bragg. Incoming district attorney Nathan Hochman, who is set to take office Dec. 2, has said he needs to review the case before he makes a decision.

Persons: Todd Blanche won’t, Menendez, Will Trump’s, Mark Peterson, Matt Gaetz, Donald Trump’s, Trump, Pam Bondi, Todd Blanche, —, Blanche, Daniels, Attorney Alvin Bragg, Blanche won’t, he’s, Read, Republican Sen, Bill Hagerty, ’, Ted Soqui, Ted Erik, Lyle Menendez’s, Kitty Menendez, George Gascón, Nathan Hochman, Ding Liren, Dommaraju, Leon Watson, Magnus Carlsen, Ryan Sun, AP Saquon Barkley, Greg Rosenstein, artment of, Fr e Organizations: Trump, Department, Justice Department, Manhattan, Attorney, DOJ, of, Republican, Cabinet, Trump’s Cabinet, Los Angeles District, Beverly Hills, Incoming, NBC News, Chess, AP, Eagles, ams, Fr Locations: Florida, Trump, Southern, York, Beverly, India, China, Singapore

☆ Indian regulator rejects Apple request to put antitrust report on hold
▼ + stars: | 2024-11-25 | by ( ) www.cnbc.com time to read: +2 min

India's antitrust body has turned down a request from Apple to put a hold on an investigation report which found the company breached competition laws, allowing the case to continue, an internal order from the regulator seen by Reuters showed. The CCI internal order showed that Apple alleged in November that the main complainant in the antitrust investigation—the Indian non-profit Together We Fight Society (TWFS)—had not complied with the directives to give an assurance that the old investigation reports had been destroyed. Apple asked the CCI "to take action against TWFS for non-compliance with its order" and "to withhold the revised" report, the CCI order, dated Nov. 13, seen by Reuters showed. "Apple's request to hold the investigation report in abeyance was deemed untenable," the CCI said in the order. The CCI's senior officials will review the investigation report and make a final ruling on the case.

Persons: Apple, —, TWFS Organizations: Apple, Reuters, of India, Society Locations: Mumbai, India

☆ Chess’ next move: The future looms over the game's world championship, once again missing its biggest star
▼ + stars: | 2024-11-24 | by ( Leon Watson | Leon Watson Is A Veteran Chess Journalist Based In London | ) www.nbcnews.com time to read: +8 min

“Normally, the world championship is very successful at finding and celebrating the best player in the world. It’s still got a lot of prestige, but this year it’s a bit of a strange one.”In some ways, this should be the biggest world championship yet. Howell noted that it’s not particularly rare for the world chess championship to be without the game’s top player. “There have been several cases of a player being world champion, but maybe not being the strongest on paper. The FIDE World Chess Championship is presented by Google, with online coverage and commentary provided by FIDE and Chess.com.

Persons: Ding Liren, Norway’s Magnus Carlsen, David Howell, Carlsen’s, it’s, ” Howell, It’s, That’s, “, Magnus Carlsen Carlsen, Ding, Carlsen, Russia’s Ian Nepomniachtchi, ” Carlsen, Hans Niemann, Howell, ”, Max Euwe, Vasily, Smyslov, Tigran, Petrosian, Vladimir, Kramnik, Viswanathan Anand, India’s, Ding’s, Gukesh, Arkady Dvorkovich, Bobby Fischer, Anand, They’re Organizations: NBC News, International Chess Federation, Nepomniachtchi, Norway Chess, FIDE, Russian, Google Locations: India, China, Norway, Singapore, Norwegian, Budapest, Russian, Ukraine, Moscow, Russia, Asia

☆ Adani CFO says U.S. charges linked to only one business contract
▼ + stars: | 2024-11-24 | by ( ) www.cnbc.com time to read: +2 min

Chairperson of Indian conglomerate Adani Group, Gautam Adani, speaking at the World Congress of Accountants in Mumbai on November 19, 2022. A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy that makes up some 10% of its business, and no other firms in the conglomerate are accused of wrongdoing, the group's CFO said on Saturday. The allegations in the U.S. indictment relates to "one contract of Adani Green, which is roughly 10% of overall business of Adani Green", Singh said on X. Adani, which has several other global projects, is also charged with misleading U.S. investors about Adani Green's compliance with antibribery principles and laws. The charges also put the spotlight on Sagar Adani, a director at Adani Green and millennial scion of the company who kept track of hundreds of millions of dollars of alleged bribes to Indian officials on his mobile phone.

Persons: Gautam Adani, Adani, Jugeshinder Singh, Singh, Hindenburg, Sagar Organizations: Adani, World, Accountants, Energy, U.S, Indian Energy Locations: Mumbai, U.S, Adani, Kenya, United States

☆ 2 men convicted of human smuggling in Indian family’s death
▼ + stars: | 2024-11-23 | by ( Associated Press | ) edition.cnn.com time to read: +6 min

They were each convicted on four counts related to human smuggling, including conspiracy to bring migrants into the country illegally. “This trial exposed the unthinkable cruelty of human smuggling and of those criminal organizations that value profit and greed over humanity,” Minnesota U.S. Attorney Andy Luger said. Shand was to pick up 11 Indian migrants on the Minnesota side of the border, prosecutors said. Canadian authorities found the Patel family later that morning, dead from the cold. Rajinder Singh, 51, testified that he made over $400,000 smuggling over 500 people through the same network that included Patel and Shand.

Persons: Ramanlal Patel, Harry, ”, Steve Shand, Attorney Andy Luger, “, ” Luger, Harshkumar Patel, Luger, Jagdish Patel, Vaishaliben, Dharmik, Jan, Patel, Shand, Prosecutors, Rajinder Singh, Singh, El Salvadorans, Jamie Holt, ” Holt, Kevin Paul, ” Paul Organizations: Fergus Falls , Minnesota AP, Indian, Minnesota U.S, Attorney, Minnesota -, Attorney’s, Associated Press, Immigration, Customs, Canadian Press, Bank, U.S ., The U.S . Border Patrol, Pew Research, Homeland Security Investigations Locations: Fergus Falls , Minnesota, Canada, U.S, American, Florida, Minnesota, Minnesota - Canadian, Harshkumar Patel Sherburne, India, Gujarat, “, The U.S, El, Clearwater , Minnesota, North Dakota

☆ Travel news: Italy’s working visas are hard to get but some Americans manage it
▼ + stars: | 2024-11-23 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +5 min

Editor’s note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Villages and visasThe Italian village offering $1 homes to Americans upset by the US election result was one of our top stories on CNN Travel this week. Despite all the houses going on offer, working visas to Italy are still very limited. Over in the world of dairy, this year’s World Cheese Awards saw 4,786 cheeses from 47 countries assembled in the Portuguese city of Viseu to face judges’ scrutiny. The US agency might even have to slow air traffic down because of air traffic controller shortages, particularly in the Northeast.

Persons: Zeneba Bowers, Matt Walker, Chelsea Waite, ”, they’re, CNN Kim Morgan, Tom Latkovic, Lyme, Vang, tarantulas Organizations: CNN, FAA, CNN Travel, Federal Aviation Administration, Northeast . American Airlines, Spirit Airlines Locations: Italy, Sicily, Sardinian, Ollolai, Tennessee, Rome, California, Ham, Parma, Portuguese, Viseu, Kashmir, India, France, United States, Northeast, Europe, Laos, Vang Vieng, Britain

☆ 2 convicted in human smuggling case after Indian family froze to death while crossing U.S.-Canada border
▼ + stars: | 2024-11-22 | by ( The Associated Press | ) www.nbcnews.com time to read: +6 min

They were each convicted on four counts related to human smuggling, including conspiracy to bring migrants into the country illegally. Because of this unimaginable greed, a father, a mother and two children froze to death in sub-zero temperatures on the Minnesota-Canadian border,” Luger added. Shand was to pick up 11 Indian migrants on the Minnesota side of the border, prosecutors said. Canadian authorities found the Patel family later that morning, dead from the cold. Rajinder Singh, 51, testified that he made over $400,000 smuggling over 500 people through the same network that included Patel and Shand.

Persons: FERGUS, Ramanlal Patel, Harry, ”, Steve Shand, Attorney Andy Luger, Harshkumar Patel, ” Luger, Luger, Jagdish Patel, Vaishaliben, Dharmik, Jan, Patel, Shand, Prosecutors, Rajinder Singh, Singh, John Woods, El Salvadorans, Jamie Holt, ” Holt, “, Kevin Paul, ” Paul Organizations: Indian, Minnesota U.S, Attorney, Sherburne County Sheriff’s, “, Minnesota -, Attorney’s, Associated Press, Canadian Press, Bank, U.S ., The U.S . Border Patrol, Pew Research, Homeland Security Investigations Locations: Minn, —, Canada, U.S, American, Florida, Minnesota, Sherburne County, Elk River, Minnesota - Canadian, India, Fergus Falls , Minnesota, Gujarat, “, United States, Emerson , Manitoba, The U.S, El, Clearwater , Minnesota, North Dakota

☆ India: Doctor’s stabbing renews debate over hospital safety months after rape and murder of medic
▼ + stars: | 2024-11-22 | by ( Esha Mitra | ) edition.cnn.com time to read: +8 min

Their main demand then was a federal law, known as the Central Protection Act (CPA), to protect doctors and medical staff at their workplace. Several doctors work in the capital New Delhi, but they say things are much worse at remote health care centers. The survey had 1,566 responses from doctors, nurses and other medical staff across the country. Protests by medical staff in Kolkata earlier this year lasted for weeks following the rape and murder of a trainee doctor. The Supreme Court of India opened a case on the Kolkata trainee doctor’s rape and murder and formed a national task force to recommend measures to improve security at hospitals.

Persons: Balaji Jaganathan, ”, Abdul Hasan, –, barged, Samir Jana, medic’s, Kar, Anwesha Banerjee, Hasan, ‘, Banerjee Organizations: New, New Delhi CNN, Indian Medical Association, CNN, Central Protection Act, Hindustan Times, Health Ministry, Indian Ministry of Health, West, World Health Locations: New Delhi, India, Chennai, Tamil Nadu, Kolkata, Delhi, West Bengal

☆ Gautam Adani's associates used Excel and PowerPoint to discuss their bribe options in a $250 million scheme, prosecutors say
▼ + stars: | 2024-11-22 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Prosecutors said four of his associates discussed their share of the bribes via Excel and PowerPoint. New York prosecutors charging one of India's richest men with bribery said his associates used Microsoft Excel and PowerPoint to discuss and analyze their corrupt payments. AdvertisementThe Adani Group and attorneys for the other defendants did not respond to requests for comment from BI. Prosecutors said that during this period, the Adani Group falsely told investors at least four times that it had not paid bribes. AdvertisementIn a statement on its website on Thursday, the Adani Group said the prosecution's accusations are "baseless and denied."

Persons: Gautam Adani, Prosecutors, Adani, Sam Bankman, Sagar Adani, Vneet Jaain, Rupesh Agarwal, Agarwal, Cyril Cabanes, Sagar Organizations: Excel, New, Microsoft, Adani, Energy, Power, Prosecutors, New York Stock Exchange, Eastern, of, Adani Group, US Department of Justice, Adani Enterprises, SEC, Wednesday Locations: New York, India, of New York, British, Hong Kong, Indian

The suits were brought by the Fair Housing Center of Central Indiana, an advocacy group serving residents of 24 counties in the state. Federal prosecutors have also alleged that tenant screening checks can be discriminatory. Fair Housing Center of Central Indiana“I sent them my expungement records, but I kept getting denied,” Williams recalled in a phone interview. TransUnion settled the suit without admitting or denying the allegations and paid $15 million, the largest amount recovered in a tenant screening matter, the FTC said. “We want safe communities where people can contribute, can build their lives, and that’s what fair housing laws are here to do.”

Persons: Don Mullen, Goldman Sachs, ”, Amy Nelson, we’ve, Brady Ripperger, Ericka Fotsch, Blackstone, Tricon, Marckus Williams, Williams, ” Williams, TransUnion, Nelson, “ Organizations: Blackstone Group, New, Pretium Partners, Goldman, Fair Housing, of Central, ” Staff, of Central Indiana, Tricon, Blackstone, National Consumer Law Center, Progress, of, NBC News, Housing, of Central Indiana “, Federal Trade Commission, Consumer Financial, FTC, Indiana Locations: Indianapolis, California, New York City, of Central Indiana, Indiana, Eastern, of Missouri, Kinloch

☆ Asia markets mostly poised to fall as investors assess Nvidia results, Adani charges
▼ + stars: | 2024-11-21 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets are mostly set to fall on Thursday, with investors watching tech shares in the region after chipmaker Nvidia reported better-than-expected results. Nvidia reported a 94% year-on-year surge in revenue for the third quarter to $35.08 billion. However, that is still a consecutive slowdown from the previous three quarters, when sales rose 122%, 262%, and 265%, respectively. Net income during the quarter rose to $19.3 billion, versus $9.24 billion in the same period a year ago. All eyes are on Indian stocks related to billionaire Gautam Adani, after the chair of India's Adani Group was indicted with others in New York federal court on charges related to a massive bribery and fraud scheme.

Persons: Gautam Adani, India's Organizations: Nvidia Locations: Asia, Pacific, New York

☆ Adani Group shares nosedive after chairman Gautam Adani charged with fraud in New York
▼ + stars: | 2024-11-21 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Signage of Adani Group at Adani Defence and Aerospace booth during the Aero India 2023 at Air Force Station Yelahanka in Bengaluru, India, on Monday, Feb. 13, 2023. India's Adani Group saw shares of its companies plunge Thursday after its billionaire chairman Gautam Adani was indicted in a New York federal court over his alleged involvement in an extensive bribery and fraud operation. The Indian group's flagship firm Adani Enterprises fell 10%, while the company in the eye of the storm Adani Green Energy tanked 17.28%. Adani Energy fell 20%. Adani Power lost 13.81%, Adani Port's share price dropped 10%, while the group's retail arm Adani Wilmar shed 7.87%.

Persons: India's, Gautam Adani, Adani, Sagar Adani, Ranjit Gupta, Rupesh Agarwal, Saurabh Agarwal, Cyril Cabanes, Deepak Malhotra, CDPQ, shortseller, Hindenburg, Raymond James ', Matt Orton Organizations: Adani Defence, Aerospace, Aero, Air Force, India's Adani, Adani Enterprises, Energy, Adani Energy, Adani Power, NSE, Adani Green Energy, Power, Quebec, U.S, Hindenburg Research, CNBC Locations: Bengaluru, India, New York, U.S, Brooklyn

☆ Zomato offers a job with a catch – you have to pay to get it
▼ + stars: | 2024-11-21 | by ( Esha Mitra | ) edition.cnn.com time to read: +3 min

The post sparked immediate backlash from Indian social media users and inspired several memes and spoofs. “Guys basically he is trying to uplift those who are already uplifted,” one user wrote, referring to Zomato CEO Deepinder Goyal. Another said, “A job is supposed to help you pay bills and put food on the table. Deepinder Goyal, the CEO of Zomato, in an image dated June 30, 2015. “I hope that ‘pay the company to get a job’ doesn’t become a norm in this world – that’s not cool,” he wrote.

Persons: Deepinder Goyal, “, Goyal, ” Goyal, Ramesh Pathania, Soumya Bhowmick, ”, doesn’t, Zomato Organizations: New, New Delhi CNN, Hindustan Times, Getty Images, CNN, ” CNN Locations: New Delhi, India

☆ Snow is coming to the Northeast, but don’t fall for the hype
▼ + stars: | 2024-11-21 | by ( Mary Gilbert | ) edition.cnn.com time to read: +3 min

But don’t expect a winter wonderland and don’t fall for the headlines and hype. The storm that will bring the snow to the Northeast already brought it to parts of the Midwest. This wet snow will fall overnight and could be heavy at times before it starts to taper off Friday afternoon. Any snow will have to fall heavily in order to accumulate more than an inch or so. Snow will fall across much of central PA over the next 24 to 36 hrs.

Persons: Snow Organizations: CNN, Midwest . Chicago, National Weather Service, State College Locations: Illinois, Indiana, Pennsylvania, New York, Binghamton , New York, Laurel, Philadelphia, New York City, West, Northeast

☆ CNBC's Inside India newsletter: Gautam Adani's U.S. fraud charges could have wider repercussions for India
▼ + stars: | 2024-11-21 | by ( Ganesh Rao | ) www.cnbc.com time to read: +8 min

Gautam Adani, chairman of Adani Group, following a Bloomberg Television interview at the company's headquarters in Ahmedabad, Gujarat, India, on Saturday, May 25, 2024. The head of a $25 billion Indian energy company, the former CEO of a New York-listed energy firm, and one of Asia's wealthiest men were set to meet in New Delhi to discuss business. To prepare for the meeting, Vneet Jaain, chief executive of $25 billion Adani Green Energy , photographed a document on his cellphone. There are also concerns about whether Adani companies will be able to raise debt in the future in U.S. markets. Earlier this year, the stock market regulator's chair, Madhabi Buch, was accused of having a conflict of interest while investigating Adani group companies, according to short-seller Hindenburg.

Persons: Gautam Adani, Sumit Dayal, Vneet Jaain, Gautam, Jaain, James Dennehy, Adani, Adani Green, What's, firm's, Matt Orton, Raymond James, CNBC's Tanvir Gill, Orton, it's, India's, Rahul Gandhi, Madhabi Organizations: Adani, Bloomberg, Getty, Green Energy, Eastern, of, NYSE, U.S, Securities Exchange Commission, New York Stock Exchange, SEC, U.S . Department of Justice, Energy, Adani Enterprises, GQG Partners, firm's Sydney, Citi, State Bank of India, DBS Group, DBS, Regulators, Federal Bureau of Investigations, Central Bureau of Investigations, Securities and Exchange Board of India, CNBC Locations: Ahmedabad, Gujarat, India, New York, New Delhi, of New York, U.S, Foreign, Singapore, Madhabi Buch

☆ Adani vs. Hindenburg: How one of India's biggest empires descended into chaos
▼ + stars: | 2024-11-21 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

Gautam Adani, the billionaire chairman of India's Adani Group, was indicted on Wednesday along with seven others in New York federal court for his involvement in a large-scale bribery and fraud scheme. March 2023 to May 2023In March, India's Supreme Court sets up an independent six-member panel to investigate the allegations made in the Hindenburg report. Then in May, the court-appointed panel said it has "drawn a blank" in its probe into Adani group, according to Reuters. December 2023 to January 2024By the end of 2023, Adani Enterprise shares had recovered from the fallout and concluded the year with smaller declines of 26%. Modi has been accused by opposition leader Rahul Gandhi for assisting the Adani Group in securing contracts in Sri Lanka, India and Australia.

Persons: Gautam Adani, Hindenburg, Adani, Madhabi Puri, Narendra Modi, Modi, Rahul Gandhi Organizations: Hindenburg Research, India's, Adani, Hindenburg, Adani Enterprises, Reuters, Adani Enterprise, Bloomberg, Indian, Forbes Locations: Krakow, Poland, New York, Asia, Madhabi Puri Buch, Sri Lanka, India, Australia

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