Gautam Adani, Sagar Adani summoned by US SEC to explain their stand: Report

Adani bribery charges: Adani Group Chairman Gautam Adani and his nephew Sagar Adani have been reportedly summoned to explain their stand on the US Securities and Exchange Commission (SEC) allegation of paying $265 million (Rs 2,200 crore) in bribes to secure lucrative solar power contracts. Summons have been sent to Adani’s Shantivan Farm residence in … Read more

Twitter reactions: Yashasvi Jaiswal, KL Rahul put India in control over Australia on Day 2 of Perth Test

India are firmly in control of the 1st Test against Australia after an impressive Day 2 performance. India’s bowlers were exceptional on both days, bowling Australia out for a mere 104 runs. Jasprit Bumrah was the standout performer with a remarkable 5-wicket haul. Australia’s batting woes continued as they failed to handle Bumrah’s threat and … Read more

Citi simulates an increase of global oil prices to $120/bbl. Here’s what happens By Investing.com

Investing.cm — Citi Research has simulated the effects of a hypothetical oil price surge to $120 per barrel, a scenario reflecting potential geopolitical tensions, particularly in the Middle East.  As per Citi, such a price hike would result in a major but temporary economic disruption, with global output losses peaking at around 0.4% relative to … Read more