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ED recovers 'unaccounted' cash during raids at multiple locations in Ranchi

ED recovers 'unaccounted' cash during raids at multiple locations in Ranchi

The Enforcement Directorate on Monday claimed to have recovered a huge amount of "unaccounted" cash during searches of premises allegedly linked to an aide of a state minister, official sources said.

Video footage shared by the sources showed wads of currency notes spread in a room that is alleged to be of the domestic help of the private secretary of rural development minister Alamgir Alam.

Oz carrier Qantas Airways faces $79 mn penalty for flight cancellations

Oz carrier Qantas Airways faces $79 mn penalty for flight cancellations

Australia's Qantas Airways agreed to pay A$120 million ($79 million) to settle a regulator lawsuit over the sale of thousands of tickets on already cancelled flights, in an attempt to end a reputational crisis that has engulfed the airline.


The company will split A$20 million between more than 86,000 customers who booked tickets on the so-called "ghost flights" and pay a A$100 million fine instead of defending the lawsuit that it had previously vowed to fight, Qantas and the Australian Competition and Consumer Commission (ACCC) said on Monday.

Indian market has 'unexplored' opportunities, says Warren Buffett

Indian market has 'unexplored' opportunities, says Warren Buffett

Billionaire investor Warren Buffett said that the Indian market has unexplored opportunities which his conglomerate holding company, Berkshire Hathaway, would like to explore in the future".

Buffett's remarks came at Berkshire's annual meeting on Friday when Rajeev Agarwal of DoorDarshi Advisors, a US-based hedge fund that invests in Indian equities, asked him about the possibility of Berkshire exploring in India, the world's fifth-largest economy.

Three firms set to drive primary mkt with Rs 6,400 cr IPO blitz this week

Three firms set to drive primary mkt with Rs 6,400 cr IPO blitz this week

The primary market is gearing up for significant activity this week, with three companies -- Blackstone-backed Aadhar Housing Finance, healthcare tech firm Indegene and travel distribution firm TBO Tek -- poised to float IPOs aiming to collectively raise nearly Rs 6,400 crore.

Before that, JNK India garnered Rs 650 crore through its initial share-sale last month.

ED files money laundering case against influencer Elvish Yadav, others

ED files money laundering case against influencer Elvish Yadav, others

The Enforcement Directorate has filed a money laundering case against YouTuber Siddharth Yadav alias Elvish Yadav and some others under the charge of suspected use of snake venom as a recreational drug in parties he hosted, official sources said Saturday.

The central agency has pressed charges under the Prevention of Money Laundering Act (PMLA) after taking cognisance of a FIR.

Torrential rain, flood and landslide hit Indonesian island, 14 dead

Torrential rain, flood and landslide hit Indonesian island, 14 dead

A flood and a landslide hit Indonesia's Sulawesi island, killing 14 people, officials said Saturday.

Torrential rain pounding the area since Thursday triggered a landslide in Luwu district in South Sulawesi province, said local rescue chief Mexianus Bekabel.

Adani Ports to invest in Philippines, eyes Bataan for port development

Adani Ports to invest in Philippines, eyes Bataan for port development

India's largest port operator Adani Ports and Special Economic Zone Limited (APSEZ) is looking to expand its operations into the Philippines, with plans to invest in port development, according to a release issued by the office of the president of Philippines.

APSEZ Managing Director Karan Adani met with the Philippines President Ferdinand Marcos Jr at Malacañang on May 2 in a courtesy call to discuss Adani Group's plans for the port.

SEC charges Trump Media's newly hired auditing firm with 'massive fraud'

SEC charges Trump Media's newly hired auditing firm with 'massive fraud'

The Securities and Exchange Commission on Friday charged an auditing firm hired by Trump Media and Technology Group just 37 days ago with massive fraud though not for any work it performed for former President Donald Trump's media company.

The SEC charged the accounting firm BF Borgers and its owner, Benjamin F. Borgers, of deliberate and systematic failures in more than 1,500 audits.

Sebi puts seven Adani Group companies on notice for regulatory violations

Sebi puts seven Adani Group companies on notice for regulatory violations

India's markets regulator has sent notices of regulatory violations to seven companies of the Adani conglomerate, including its flagship Adani Enterprises, the group said in stock exchange filings.

The regulator began probing the Adani group, led by billionaire Gautam Adani, after Hindenburg Research in January 2023 alleged improper use of tax havens and stock manipulation by the group, accusations the group has denied.

Tata Motors' DVR conversion plan gets shareholders' nod with 99.8% votes

Tata Motors' DVR conversion plan gets shareholders' nod with 99.8% votes

Tata Motors has obtained requisite majority from its shareholders on the scheme of arrangement pertaining to conversion of shares with differential voting rights (DVR) (also known as A-ordinary shares) into ordinary shares. The resolution (Scheme of Arrangement of Tata Motors and its shareholders and creditors under Sections 230 to 232 of the Act) received an overwhelming 99.81 per cent ‘for’ votes, showed a stock exchange filing made by the company.

The shareholder approval will pave the way for Tata Motors to convert its shares with DVR into ordinary shares and thereby simplify its capital structure.

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