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☆ 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

☆ What Two Acclaimed Female-Directed Movies Say About Indian Cinema
▼ + stars: | 2024-11-24 | by ( Anupreeta Das | Pragati K.B. | ) www.nytimes.com time to read: 1 min

One is a deft comedy about the misadventures of two young brides in rural India. The other is a delicate tale about the intersecting lives of three women in cosmopolitan Mumbai. With small budgets and unconventional plots, “Laapataa Ladies” and “All We Imagine as Light” have captivated audiences. That both were directed by women and have female-centric themes has become an additional point of pride in India, where the frothy romps of male-dominated Bollywood dominate the cinematic landscape. Directed by Kiran Rao, “Laapataa Ladies” — renamed “Lost Ladies” for its Oscar campaign — has had a hugely successful run in the domestic market since its March release, and is now streaming on Netflix.

Persons: Kiran Rao, “, — Organizations: Netflix Locations: India, Mumbai

☆ Formula for Power in Modi’s India: Cash, Detentions and Luxe Resorts
▼ + stars: | 2024-11-23 | by ( Mujib Mashal | Atul Loke | ) www.nytimes.com time to read: +1 min

But first came an invitation to have dinner in the suburbs with a senior official from their party in the Indian state of Maharashtra. They would share a car ride, and Mr. Deshmukh could catch the train from there. That, Mr. Deshmukh said, is when he realized he was being kidnapped. Mr. Deshmukh had become a pawn in what is known as “resort politics,” a longstanding practice unique to India’s rough-and-tumble democracy. To ensure that they would stick to the plan, the lawmakers were moved to other states and isolated in luxury resorts.

Persons: Nitin Deshmukh, Deshmukh, Mr, ” Locations: Mumbai, Indian, Maharashtra

☆ 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

☆ World agrees to climate deal on financial aid for poor countries after summit nearly implodes
▼ + stars: | 2024-11-23 | by ( Laura Paddison | ) edition.cnn.com time to read: +4 min

But at 2:40 a.m. local time Sunday, more than 30 hours after deadline, the gavel finally went down on the agreement between nearly 200 countries. “It has been a difficult journey, but we’ve delivered a deal,” said Simon Stiell, head of the United Nations Framework Convention on Climate Change. Rich countries, which are overwhelmingly responsible for historical climate change, agreed in 2009 to provide $100 billion a year by 2020 to developing countries. The G77 group of developing countries had called for a sum of $500 billion. “We have arrived at the boundary between what is politically achievable today in developed countries and what would make a difference in developing countries,” said Avinash Persaud, special advisor on climate change to the President of the Inter-American Development Bank.

Persons: we’ve, ”, Simon Stiell, Tina Stege, ” Stege, Chandni Raina, CO29, Avinash Persaud, Li Shuo Organizations: CNN, United Nations, Inter, American Development Bank, Asia Society Policy Institute Locations: COP29, Baku, Azerbaijan, Marshall Islands, China, Saudi Arabia

☆ 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

Generic drugs are the backbone of medicines prescribed in the U.S.: They account for about 90% of all prescriptions filled, according to the Association for Accessible Medicines, a trade group that represents generic drugmakers. Karoline Leavitt, a spokesperson on Trump’s transition team, declined to say whether Trump planned to grant an exemption on generic drugs. According to the American Society of Health-System Pharmacists, a group that tracks drug shortages, there are 277 active drug shortages in the U.S., half of which have persisted for two or more years. That’s different from generic drugs, which are cheaper and are often sold at close to the cost for which they were made, he said. What concerns Kesselheim the most is that tariffs could cause generic drug prices to skyrocket should more generic drug manufacturers drop out.

Persons: Donald Trump, Trump, Aaron Kesselheim, Janet Woodcock, ” Woodcock, Arthur Caplan, you’ve, ”, drugmakers, Woodcock, Karoline Leavitt, Leavitt, ” Kesselheim, Hurricane Helene, “ Organizations: Harvard Medical School, Association for Accessible Medicines, Food and Drug Administration, NYU Langone Medical, American Society of Health, System, Baxter International Locations: China, U.S, India, New York City, Hurricane, North Carolina, Indonesia, United States

☆ Analysis: Russia’s nuclear-capable missile is a clear departure from the Cold War doctrine of deterrence
▼ + stars: | 2024-11-22 | by ( Brad Lendon | ) edition.cnn.com time to read: +5 min

CNN —Russia’s use of a nuclear-capable ballistic missile on Thursday is the latest escalation in the Ukraine war. The use of what Vladimir Putin said was a ballistic missile with multiple warheads in offensive combat is a clear departure from decades of the Cold War doctrine of deterrence. Ballistic missiles with multiple warheads, known as “multiple independently targeted reentry vehicles,” or MIRVs, have never been used to strike an enemy, experts say. Aftermath of Russian missile strike in Dnipro, Ukraine, on November 21, 2024. Pakistan reportedly tested a missile with multiple warheads in 2017, and earlier this year India said it had successfully tested a MIRVed ICBM.

Persons: Vladimir Putin, MIRV, ” Hans Kristensen, Kristensen, Matt Korda, ”, Manish Swarup, Korda, ” Kristensen Organizations: CNN, West, Federation of American, Russian, Ballistic, Federation of American Scientists, Union of Concerned Scientists, Center for Arms Control, AP Locations: Ukraine, Dnipro, That’s, US, Ukrainian, Russia, United States, Europe, China, United Kingdom, France, Pakistan, India, New Delhi, North Korea

☆ Jaguar boss speaks out after backlash to the car brand's latest ad campaign — which didn't include any cars
▼ + stars: | 2024-11-22 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

AdvertisementJaguar defended its rebranding campaign after online critics roasted a promotional video. The campaign, featuring models and no cars, was criticized as "woke." Jaguar's managing director is defending the British luxury-car maker's rebranding campaign — calling out some of its online critics and characterizing their reaction as "vile hatred" and "intolerance." (Most 2024 Jaguar models have list prices of about $50,000 to $80,000.) In response to the video posted on X by Jaguar, Musk wrote : "Do you sell cars?"

Persons: Jaguar's, Rawdon Glover, Brad Audet, —, Glover, India's Tata, Elon Musk, Andrew, Tristan Tate, Ian Miles Cheong, Musk, Nick Freitas, Bud Light, Bud, it's Organizations: Financial Times, Mazda, North America, Jaguar, Rover, Land Rover, India's, India's Tata Motors, Tesla, Republican, Delegates Locations: Virginia

☆ 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

☆ I've lived in Delhi my entire life. The toxic smog is suffocating, but I can't bring myself to leave.
▼ + stars: | 2024-11-22 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +4 min

Badhwar has lived in Delhi for 40 years and, despite pollution concerns, has not moved out. He told BI he values the melting pot community and family he has in the city. I've lived in Delhi my entire life — for four decades now — and I've seen it grow over the years into the melting pot that it is today. I bought my first air purifier in 2016, when people started talking more and more about the Air Quality Index (AQI). It's a melting pot, and especially after the tech boom in Gurugram, people come from all over the world.

Persons: Badhwar, Varun Badhwar, It's, I've, —, purifier Organizations: Condé Nast Locations: Delhi, Condé, Condé Nast India, New Delhi, Punjab, Haryana, Canada, Gurugram

☆ 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

☆ CNBC Daily Open: Expectations can move shares in strange ways — just look at Nvidia
▼ + stars: | 2024-11-22 | 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. Markets digest Nvidia earningsU.S. markets rose on Thursday after digesting Nvidia's earnings release. [PRO] Stimulus boosting Chinese marketsChinese markets are "turning a corner" after the Beijing unleashed several stimulus measures to boost the economy, said HSBC . "The market has so far reacted positively to these initiatives,' analysts from HSBC wrote in a Nov. 19 note, in which they picked two Chinese stocks to hold for 2025.

Persons: Hong, Aftereffects, Gautam Adani, CNBC's Ganesh Rao Organizations: CNBC, U.S . Department of Justice, Google, Chrome, Nikkei, Bank of Japan, Reuters, Adani, Motors, Germany's Volkswagen, Nissan, HSBC Locations: Asia, Pacific, Japan, U.S, India, China, Beijing

☆ The Western tourists going to Iraq for vacation
▼ + stars: | 2024-11-21 | by ( Richard Collett | ) edition.cnn.com time to read: +18 min

“It was peaceful, calm, and rather quiet,” Driskill told CNN Travel after visiting Iraq in 2024. “Every year we’re seeing more people come to Iraq than before,” he told CNN Travel. Newenham first visited in August 2021 and told CNN Travel that she never imagined Iraq becoming one of her favorite travel destinations. Anmar Khalil/AP“Visiting the [ninth-century] Great Mosque of Samarra is a must,” he told CNN Travel. For Sarah Sanbar, Iraq researcher at Human Rights Watch, tourism to the country is allowing visitors to see the real Iraq.

Persons: Tommy Driskill, ’, ” Driskill, Saddam Hussein’s, Iraq’s, Driskill, ”, “ I’m, I’ve, “ We’ve, ” Robert Kyle Molina, Molina, Ali Al Makhzomy, ” Al Makhzomy, Janet Newenham, Newenham, “, ” Newenham, they’ve, Pope Francis, Al Makhzomy, Ur, Sergio Arce, Bil, Anmar Khalil, Imam Hussain, Abbas, Hussain ibn Ali, Prophet Mohammed, Arce, I’d, Jan Bakker, James Wilcox, we’ve, Travel’s Molina, Sarah Sanbar, Iraq —, ” Sergio Arce, Sanbar, ‘, ’ Heck Organizations: CNN, CNN Travel, Tourism Capital, US Department of State, United, Foreign, Commonwealth, Development, Human Rights Watch, ISIS, Bil, US State Department, US, Federal Government, Baghdad International Airport, European, Kurdistan Regional Government Tourism Board, International, Federal, “, Vatican Media, Reuters, Borders, Erbil Marathon, Sergio Arce Military Locations: Hawaii, Baghdad, Iraq, Iraqi Kurdistan, Babylon, Kurdistan, Iraqi, Karbala, European Union, Kurdistan Chronicle, Federal Iraq, Mosul, “, Janet Newenham Iraq, Cork, Ireland, Baghdad . “ Iraq, Islam, ” Iraq, East, Palestine, Eden, Samarra, Al, Arba’een, Sweden, Iran, Kuwait, Pakistan, India, Erbil, Berlin’s, Today, birdwatch

The ICC was established in 2002 and is tasked with prosecuting individuals for crimes of genocide, crimes against humanity and war crimes. While the ICC is independent of the UN, it is endorsed by the UN’s General Assembly and maintains a cooperation agreement with the UN. When a case is not within the ICC’s jurisdiction, the UN Security Council can refer that case to the ICC. Any member state can ask the ICC’s prosecutor to launch an investigation. Key powers missing: More than 120 countries are signatories to the Rome Statute, but Israel is not, nor are some major powers including the US, Russia, China and India.

Persons: Benjamin Netanyahu, Yoav Gallant, Omar al, Bashir, Saif Gadhafi, Moammar Gadhafi, Vladimir Putin Organizations: ICC, UN Locations: Rome, Israel, Russia, China, India, Russian

☆ Delhi's 15 times higher than safe toxic smog levels is disrupting lives, says consulting CEO
▼ + stars: | 2024-11-21 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +3 min

AdvertisementNew Delhi reported severe levels of air pollution this week. Titus Koshy, CEO of United Consultancy Services Group, told BI his employees struggle to commute. Air pollution in India's capital, New Delhi, has become so severe that some people are struggling to commute to work. Titus Koshy, CEO of United Consultancy Services Group which has more than 150 employees, told Business Insider that the toxic smog engulfing the city had made it difficult for his staff to come into the office. AdvertisementA 2019 study by the World Bank estimated the global cost of health damages associated with exposure to air pollution to be $8.1 trillion.

Persons: Smog, Titus Koshy, Koshy, JP Morgan, Shubham Gupta Organizations: United Consultancy Services, BBC, World Health Organization, WHO, United, United States Environmental Protection Agency, Delhi's, KPMG, Cisco, Mondelēz, World Bank Locations: Delhi, New Delhi, United States, KPMG India, NCR

☆ 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

☆ The founder of the biggest gold ETF is still bullish 20 years later
▼ + stars: | 2024-11-21 | by ( Emily Glass | ) www.cnbc.com time to read: 1 min

The founder of the first gold-tracking ETF is still bullish on the commodity two decades later. "Things are looking good for the rest of this year and for next year," George Milling-Stanley told CNBC's "ETF Edge" this week. Even the postelection pullback in gold futures and the SPDR Gold Shares ETF (GLD) hasn't tarnished the record run this year. "This is why we've seen the stock market go up dramatically, why we've seen the cryptocurrencies go up dramatically." But the precious metal, and in turn, the GLD ETF, are "starting to claw back some of the lost ground," Milling-Stanley said.

Persons: George Milling, Stanley, CNBC's, hasn't, we've Organizations: State Street Locations: India, China

☆ Bribery Charges Against Gautam Adani Strike at Heart of Modi’s India
▼ + stars: | 2024-11-21 | by ( Alex Travelli | ) www.nytimes.com time to read: +1 min

His conglomerate, Adani Group, builds and buys ports, factories and power plants, often under state contract or license. Mr. Adani’s business empire has become central to India during the rise of Narendra Modi, first elected as prime minister in 2014. As Mr. Modi brought India to the center of the world stage, he brought Mr. Adani in tow. Today, Mr. Adani’s flagship company is worth about 10 times more than it was at the start of the Covid-19 pandemic. On Wednesday, the U.S. government charged Mr. Adani, one of the world’s richest people, with multiple counts of fraud.

Persons: Gautam Adani, Narendra Modi, Modi, Adani Organizations: Adani, Wall Locations: India, U.S

☆ 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

☆ Nissin Foods' CFO: See good premium product opportunities in India
▼ + stars: | 2024-11-21 | 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 EmailNissin Foods' CFO: See good premium product opportunities in IndiaTakashi Yano of Nissin Foods discusses business expansions in both India and China markets and the instant noodle maker is tackling the competitive landscape.

Persons: Takashi Yano Organizations: Nissin Foods Locations: India, China

☆ Adani Group slams 'baseless' New York fraud and bribery charges
▼ + stars: | 2024-11-21 | by ( April Roach | ) www.cnbc.com time to read: +2 min

Gautam Adani, chairman of Adani Group, speaks during the Forbes CEO Summit in Singapore, on Tuesday, Sept. 27, 2022. Photographer: Edwin Koo/Bloomberg via Getty ImagesIndia's Adani Group on Thursday denied allegations of bribery and fraud made by U.S. authorities in relation to the group's chair Gautam Adani, saying all such claims were "baseless." Shares of companies in India's Adani Group plunged after Gautam Adani, one of the world's richest people, was indicted in a New York federal court on charges regarding an alleged bribery and fraud scheme. An Adani Group spokesperson said the allegations made by the U.S. Department of Justice and the U.S. Securities and Exchange Commission against directors of Adani Green Energy are "baseless and denied." Following the indictment charges, Adani Green Energy cancelled plans to raise around $600 million through U.S. dollar-denominated bonds.

Persons: Gautam Adani, Adani, Edwin Koo, Sagar Adani, Vneet Jaain, GQG Partners, CNBC's Boon Ping, Dan Mangan Organizations: Adani, Forbes, Summit, Bloomberg, Getty, India's Adani, Energy, U.S . Department of Justice, U.S . Securities, Exchange Commission, GQG, Green Energy, Citi, . Locations: Singapore, India, U.S, 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

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