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A lawyer for Johnson & Johnson’s subsidiary said in a statement that the company would seek a rehearing of the panel’s decision by the full 3rd Circuit court. Gordon’s strategy worked in bankruptcy court but set up J&J for failure when it faced the 3rd Circuit appeals panel. Gordon, at the bankruptcy conference, described the lawsuits as “completely unmanageable” and a dire threat to J&J that could go on for decades. The 7th Circuit Court of Appeals is expected to hear arguments in coming months on a challenge to the 3M subsidiary’s bankruptcy. The litigation, they asserted, should be allowed to proceed against Georgia-Pacific because the parent company did not file for bankruptcy.

☆ Adani’s battle with Hindenburg leaves investors sizing up exposure to the global banking sector
▼ + stars: | 2023-01-31 | by ( Seema Mody | ) www.cnbc.com time to read: +4 min

Indeed, Indian banks make up 0.6% of the group's sector loans, according to JPMorgan. This may seem low but the total exposure to the Adani Group is still around $9 billion, wrote Saurabh Kumar, an analyst at JPMorgan. Gautam Adani, chairman of Adani Group. Jefferies analyst Prakhar Sharma writes that, for now, the risk to Indian banks is low, saying, "we don't see material risk to the Indian banking sector." Of the seven companies operated by the Adani Group: Adani Green Energy, Adani Power and Adani Ports are sitting on the most net debt, according to analysts.

☆ U.S. arms left in Afghanistan are turning up in a different conflict
▼ + stars: | 2023-01-30 | by ( Junaid Kathju | ) www.nbcnews.com time to read: +3 min

At least six people were injured on Jan. 21 in two explosions in the city of Jammu. Though more than half of it was ground vehicles, it also included more than 316,000 weapons worth almost $512 million, plus ammunition and other accessories. The Defense Department report also pointed out that the operational condition of the Afghan army’s equipment was unknown. Manoj Sinha said the government was aware of the issue and that measures were in place to combat the infiltration of U.S. weapons into Kashmir. Kashmir police official Vijay Kumar also said authorities were fully capable of countering the militant threat.

That has rendered a community that experts estimate to be 7 million to 8 million people invisible, underrepresented and unnoticed. There's power in numbers, Berry said, and as it is now, much of the research on the American MENA community is anecdotal because of the lack of an identifier. "Small-business owners in the community would be able to take advantage of grants that we're not entitled to, because we're factored into the white category." 'It's like déjà vu'It isn't the first time the U.S. has concluded that a MENA category is necessary. It's a processThe recommendation for the OMB to adopt a MENA category is just that — a recommendation.

☆ Why a tiny American firm is taking aim at an Indian conglomerate
▼ + stars: | 2023-01-30 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

New York CNN —Asia’s richest man is in the crosshairs of a research firm whose very name evokes panic. Gautam Adani is a 60-year-old tycoon who founded the Adani Group over 30 years ago, building it into India’s largest port operator, with businesses spanning infrastructure and energy production. Hindenburg said Adani Group shares are massively overvalued, and it has taken a short position (more on that in a minute) on them, meaning Hindenburg wins when Adani shares fall. What is Hindenburg Research? Hindenburg is a short-seller that specializes in forensic financial research, founded in 2017 by Nathan Anderson.

☆ The Biden administration could exclude North Africans and Middle Easterners as 'white' in the 2030 Census. New categories will prevent undercounting of MENA people, advocates say.
▼ + stars: | 2023-01-30 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

It includes categories for Middle Eastern and North African people previously considered white. The proposed changes come after years of reviews on the way the US Census Bureau collects its data. Last year, President Joe Biden continued the review effort after former President Donald Trump's administration stalled on decisions regarding the implementation of proposed changes for the 2020 census, NPR reported. The new MENA category would also help with allocating resources to these groups, the document notes. A MENA category was supposed to be added to the 2020 census, but the bureau announced in 2018 that would no longer be the case until further research on the categories was done.

Russia has managed to keep its oil moving to world markets, defying fears that sanctions imposed last month would lead to a plunge in exports. A small office in a suburb of Mumbai helps explain how Russian crude continues to flow. The address is home to an Indian shipping company that didn’t manage a single ship until 2022. It took control of two dozen tankers after the Russian military invasion of Ukraine and has put them to work shuttling Russian crude along newly established trade routes to the Mediterranean, Turkey and India, vessel-ownership and tracking data show.

The Biden administration is proposing to allow people to check off Hispanic or Latino as their race. Currently people of such origin are included in the white category, something people in the MENA category have advocated to be changed for three decades, the proposal states. "The nation does periodically examine how it asks about race and ethnicity and the ways we report out those findings can be important," Mark Hugo Lopez, director of race and ethnicity research for Pew Research Center, said Thursday. The Census Bureau defines Hispanic or Latino as an ethnicity, not a race. For example, people could check white and then check boxes for Italian, German or other countries of origin and also check American Indian or Hispanic or Latino and then check Mexican or Mexican American or Puerto Rican and others.

☆ Breakingviews: Short-seller attack raises Gautam Adani stakes
▼ + stars: | 2023-01-25 | by ( Una Galani | ) www.reuters.com time to read: +4 min

HONG KONG, Jan 25 (Reuters Breakingviews) - Hindenburg Research is going after big game, with devastating timing. Now he is taking aim at the world’s third richest man, Gautam Adani, and his $230 billion infrastructure-focused empire. It follows a tussle last year with Fitch Group after its research outfit, CreditSights, called Adani “deeply overleveraged”. Most of the companies in the Adani group – nine of which are listed – are too closely held, massively overvalued, and largely ignored by Wall Street institutions and big Indian mutual funds. Adani Enterprises stock, for example, fell only 1.5% on Wednesday, though Adani Transmission fell 9%.

☆ Short-seller attack raises Gautam Adani stakes
▼ + stars: | 2023-01-25 | by ( Una Galani | ) www.reuters.com time to read: +4 min

Now he is taking aim at the world’s third richest man, Gautam Adani, and his $230 billion infrastructure-focused empire. It follows a tussle last year with Fitch Group after its research outfit, CreditSights, called Adani “deeply overleveraged”. Most of the companies in the Adani group – nine of which are listed – are too closely held, massively overvalued, and largely ignored by Wall Street institutions and big Indian mutual funds. Adani Enterprises stock, for example, fell only 1.5% on Wednesday, though Adani Transmission fell 9%. Adani Enterprises, controlled by India’s richest man, Gautam Adani, is due on Jan. 25 to announce the anchor investors in a 200 billion rupee ($2.4 billion) follow-on issue, the largest in India by a private company.

☆ Indian police are looking into the death of a Russian sausage magnate critical of Putin's war in Ukraine, who died after an alcohol-fueled trip in the jungle
▼ + stars: | 2023-01-25 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +4 min

Russian sausage magnate Pavel Antov died in India in late December and was a longtime Putin ally. According to The Wall Street Journal, Indian police have discovered new details about the pair of deaths in late December. Russian lawmaker Pavel Antov died in Rayagada, India, two days after his friend, Vladimir Bydanov. Bydanov, who shared a room with Antov, died of a heart attack on Antov's birthday. Antov is at least the 19th Russian executive who has mysteriously perished throughout the course of the war, according to The Journal.

LOS ANGELES, Jan 25 (Reuters) - "Naatu Naatu", the standout song in the Indian period film "RRR," has won a Golden Globe and a Critics Choice Award, garnered hundreds of millions of views on YouTube and spawned a TikTok challenge. Keeravani, songwriter of ''Naatu Naatu'' from the movie ''RRR'', which is nominated for best original song at the Oscars, poses for a portrait at the Reuters office in Culver City, California, U.S. January 13, 2023. "Naatu Naatu" and Keeravani are competing with some big household names in the best song category, including Lady Gaga's "Hold My Hand" from "Top Gun: Maverick" and Rihanna's "Lift Me Up" from "Black Panther: Wakanda Forever". In the action-Bollywood epic directed by S.S. Rajamouli, "Naatu Naatu" begins when the two leads, played by Ram Charan and N.T. Rahman won the Oscar for the Hindi song “Jai-Ho,” but that was for the U.S.-British production of “Slumdog Millionaire,” which was set in India.

WASHINGTON — Rep. Victoria Spartz, an Indiana Republican, said Tuesday she'll oppose Speaker Kevin McCarthy's efforts to keep a handful of Democrats off key House committees. But he may need the support of a majority of the House to block Omar from Foreign Affairs. Given McCarthy's slim Republican majority, every vote is important. The speaker's plans are widely seen as retaliation against Democrats for kicking Republican Reps. Paul Gosar, of Arizona, and Marjorie Taylor Greene, of Georgia, off their committees in the last Congress over incendiary or violent rhetoric. “Speaker Pelosi took unprecedented actions last Congress to remove Reps. Greene and Gosar from their committees without proper due process.

☆ India tests domestic operating system days after Google's antitrust setback
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +2 min

[1/2] Commuters watch videos on their mobile phones as they travel in a suburban train in Mumbai, India, April 2, 2016. REUTERS/Shailesh Andrade/File Photo/File PhotoNEW DELHI, Jan 24 (Reuters) - India's government on Tuesday tested locally developed mobile operating system BharOS, a move seen as challenging the dominance of Google's Android just days after the U.S. giant suffered a major antitrust setback in the country. The government endorsement of the operating system comes after Google lost its fight in India's Supreme Court to block an antitrust order that will force the company to change how it markets its Android operating system. Prime Minister Narendra Modi has been pushing for self-reliance to boost and promote everything from local manufacturing to domestic startups. The operating system has been developed by a startup incubated at an Indian Institute of Technology in southern India.

☆ Factbox: California rampage is the latest U.S. mass shooting
▼ + stars: | 2023-01-22 | by ( ) www.reuters.com time to read: +6 min

In 2018, a former Marine combat veteran killed 12 people in a bar in Thousand Oaks. The deadliest shooting in modern California history was in 1984 when a gunman killed 21 people at a McDonald's restaurant in San Ysidro, near San Diego. - THOUSAND OAKS, Nov. 7, 2018 - A former Marine combat veteran killed 12 people in a bar in Thousand Oaks, California, a suburb of Los Angeles. - WASHINGTON, Sept. 16, 2013 - A former Navy reservist working as a government contractor killed 12 people at the Washington Navy Yard. - AURORA, July 20, 2012 - A masked gunman killed 12 people at a cinema in Aurora, Colorado.

☆ Veterans Affairs Agency Waives Doctor Copays for Native Veterans
▼ + stars: | 2023-01-21 | by ( Ben Kesling | ) www.wsj.com time to read: 1 min

The Department of Veterans Affairs said it would waive all copays for eligible American Indian and Alaska Native veterans, in an effort to boost use of primary-care medicine among traditionally underserved populations. “It’s no mystery to a lot of people that healthcare is sometimes hard to come by in many Native American communities,” said Travis Trueblood , director of tribal health for the VA, adding that this policy tries to help address that discrepancy.

☆ Most Abortion Bans Include Exceptions. In Practice, Few Are Granted.
▼ + stars: | 2023-01-21 | by ( Amy Schoenfeld Walker | ) www.nytimes.com time to read: +19 min

But abortion-rights advocates say legal exceptions do nothing but make abortion bans appear more reasonable than they really are. One shows states with abortion bans with exceptions for rape or incest and the other shows states without those exceptions. One shows states with abortion bans with exceptions for fatal birth defects and the other shows states without those exceptions. One shows states with abortion bans with exceptions for patients with severe health risks and the other shows states without those exceptions. One shows states with abortion bans with exceptions for the life of the patient and the other shows states without those exceptions.

Police shot and killed an attacker in a gun battle after he shot a person inside an Indiana Walmart on Thursday, an Evansville police spokesperson said. The victim, who was shot at the Walmart in Evansville in southern Indiana just before 10 p.m., was alive when officers arrived. Walmart said it would be supporting its employees in the wake of the shooting, and it thanked first responders. Police said the call about a shooting at the store came in at 9:59 p.m. local time (10:59 p.m. Evansville is a city of around 117,000 in southern Indiana, near the border with Kentucky.

☆ Exclusive: India regulator probes investments between Nippon Mutual Fund, Yes Bank, sources say
▼ + stars: | 2023-01-19 | by ( Jayshree Pyasi | ) www.reuters.com time to read: +4 min

MUMBAI, Jan 19 (Reuters) - An Indian regulator is investigating investments between Nippon India Mutual Fund, the largest foreign-owned fund in the country, and Yes Bank between 2016 and 2019 for suspected misuse of investors' money, sources said. SEBI's regulations say that the parent of a mutual fund cannot access investors' money either directly or indirectly. The current owner of the fund, Nippon India, as well as the previous owner could be liable, the sources said. As of December 2022, Nippon India was the fourth-largest mutual fund in India with assets under management of 2.9 trillion rupees ($35.46 billion) as well as the biggest foreign-owned mutual fund. On Friday, SEBI proposed further tightening of mutual fund regulations asking mutual fund owners to reduce their stake gradually as a measure to check their influence on investment decisions.

☆ Women living in states with abortion bans suffer greater economic insecurity
▼ + stars: | 2023-01-18 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +5 min

New York CNN —Women living in states that restrict or ban abortion face greater economic insecurity than those living in states where they have access, new research finds. “In many of these states, especially the states which have banned abortion, many of the women who are facing economic challenges already are also women of color,” she said. Raising the minimum wage is a powerful tool that has been known to have significant impact on closing racial income gaps. But nearly two-thirds of abortion restrictive states have a $7.25 minimum wage, the lowest legal hourly wage for most workers in the United States. The average minimum wage across the 26 states is $8.17, lower than the average $11.92 for states with no restrictions.

☆ India's Russian oil binge drags down OPEC's share to lowest in 2022
▼ + stars: | 2023-01-17 | by ( Nidhi Verma | ) www.reuters.com time to read: +3 min

[1/2] A model of oil barrels is seen in front of Russian and Indian flags in this illustration taken, December 9, 2022. Refiners in India, the world's third-biggest oil consumer and importer, have been gorging on Russian oil sold at a discount after some Western companies shunned buying from Moscow following its invasion of Ukraine last February. Russia remained the top oil supplier to India in December followed by Iraq and Saudi Arabia. Higher intake of Russian oil reduced India's appetite for African grades, whose share in 2022 imports declined to a 17-year low while that of Latin America plunged to the lowest in 15 years, the data show. Imports from Russia, about a fifth of India's oil imports in April-December, led to OPEC's share falling to about 61.5%, according to Reuters calculations.

A father spent most of the weekend in jail after his young boy was seen on security video waving a loaded handgun around an Indiana apartment complex, authorities said Monday. At first, the boy moves rapidly to a staircase and points the gun down its slope for a beat, the video shows. Officers responding to the report of the boy with a gun were being recorded for immediate broadcast on "On Patrol: Live" on cable network Reelz. The neighbor said she looked through her front door peephole and saw the boy standing above with the gun held behind his back. A woman with the same last name as the suspect lives in a separate apartment, according to the report.

☆ Stabbing of Indiana student was racially motivated, university says
▼ + stars: | 2023-01-15 | by ( ) www.reuters.com time to read: +2 min

Jan 14 (Reuters) - An Indiana woman was charged with attempted murder and aggravated battery for repeatedly stabbing in the head an 18-year-old student of Indiana University, an attack the university said was racially motivated. Last week's assault on a public transport bus and the suspect, 56-year-old Billie Davis, were reported to authorities by a witness on the bus, police have said. The victim told police she was waiting for the bus doors to open when another passenger began hitting her in the head, law enforcement officials said in a statement. Video from inside the bus showed the victim and her alleged attacker had no interaction before the stabbing. Local ABC affiliate WRTV said the suspect told police she stabbed the woman because it "would be one less person to blow up our country."

☆ The story behind hing, one of India's most divisive ingredients
▼ + stars: | 2023-01-12 | by ( Shalbha Sarda | ) edition.cnn.com time to read: +4 min

The resin from its roots is used in Indian cooking – usually after it’s ground into powder and mixed with flour. At the Khari Baoli market in old Delhi, for instance, hing even manages to ‘out-smell’ all the other spices. Despite the culinary diversity of India, hing is a constant.”Jains, for example, eschew onion, garlic and ginger in addition to not eating meat. The history of hingSome scholars credit Alexander the Great for first bringing hing to India. Nevertheless, Indians have had their encounter with hing now; it came, it saw, and it stayed.”The professor adds that hing was used in some Greco-Roman cooking but didn’t last long.

Persons: ‘ Asa ’, it’s, hing, Hing, Siddharth Talwar, Rhea Rosalind Ramji, Ramji, Talwar, Alexander the Great, ”, Ashish Chopra, “, umami, asafoetida Organizations: CNN, The, Showbiz Chefs, hing, National Library of Medicine Locations: Afghanistan, Iran, Uzbekistan, India, Delhi, Worcestershire

☆ Employees at an Indian sports tech startup face a $1,200 fine if they contact staff who are on vacation
▼ + stars: | 2023-01-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

India's Dream Sports requires its employees to take a week off and "unplug" every year. Any employee who contacts vacationing staff faces a $1,200 fine. Like other companies with vacation benefits, Dream Sports wants staff to take time off work — even amid a labor shortage. And if anyone contacts staff during their time off, they would be fined about $1,200, said Harsh Jain, Dream Sports co-founder and CEO. In the same month, Goldman Sachs implemented a scheme that allows senior bankers to take an unlimited number of vacation days.

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