The US SEC has reported difficulties in serving summons to Gautam Adani and the Adani Group regarding allegations of bribery and securities fraud. Despite multiple requests for assistance from India's Ministry of Law and Justice, the summons have not been delivered. The SEC's ongoing efforts highlight the complexities involved in international legal proceedings, particularly under the Hague Service Convention.
Norway's sovereign wealth fund has divested from 11 Israeli companies amid the ongoing humanitarian crisis in Gaza. The fund, which manages profits from Norway's oil and gas sector, stated that it aims to reduce its investments in Israel, having previously held shares in 61 companies there. This decision reflects a broader strategy to enhance due diligence and simplify investment management in response to the deteriorating situation in the region.
A Gujarat woman was raped by her father-in-law and a relative under the pretext of helping her conceive due to her husband's low sperm count. The incident came to light after the woman suffered a miscarriage, leading to the filing of a First Information Report (FIR). This shocking case highlights serious issues surrounding consent and the treatment of women in society.
ICICI Bank has announced a new minimum balance requirement of ₹50,000 for new savings accounts in metro and urban areas, effective August 1. This change has raised concerns about its impact on the middle class, as a significant portion of the population earns less than ₹25,000 a month. Existing customers will still need to maintain a balance of ₹10,000 to avoid penalties.
A senior Pakistani military official, Field Marshall Asim Munir, issued a nuclear threat to India during a visit to the U.S., warning that any mistake by India could lead to catastrophic conflict. His remarks were met with strong condemnation from India, which labeled them as 'nuclear blackmail.' The heightened tensions come despite a recent ceasefire, indicating ongoing volatility in the region, particularly concerning Kashmir and water security issues.
A new searchable database has made thousands of files on alleged police misconduct in California public. Compiled over seven years by journalists and activists, the database includes nearly 12,000 cases from over 400 agencies. This initiative aims to enhance transparency and accountability in law enforcement, allowing the public and legal professionals to access critical information about police behavior.
An Islamic court in Indonesia's Aceh province has sentenced two men to 80 lashes each for engaging in sexual acts, specifically hugging and kissing. The court, which operates under Sharia law, deemed these actions as violations of Islamic law. Although prosecutors sought a harsher punishment, the judges opted for a lighter sentence due to the men's good character and cooperation during the trial. This ruling marks the fifth instance of public caning for homosexuality in Aceh since the implementation of Islamic law.
The UK Home Office has expanded its 'Deport Now Appeal Later' scheme, adding India to the list of countries affected. This initiative will increase the number of countries from eight to 23, allowing for the deportation of foreign criminals before they can appeal their cases. New legislation permits deportation after serving just 30% of a prison sentence, preventing re-entry into the UK.
Reddit plans to block the Internet Archive's Wayback Machine from indexing its content, limiting access to only the homepage. This decision is aimed at preventing AI companies from scraping data, following Reddit's recent deals with Google and OpenAI for AI training. Critics argue that this move undermines the valuable service provided by the Internet Archive, which preserves web history. Ongoing discussions between Reddit and the Internet Archive may offer a glimmer of hope for resolution.
The resale value of Tesla's Cybertruck has dropped over 30% in the past year, averaging around $84,000. Recent price cuts for new models have made it more appealing for buyers to purchase new rather than used. Reports indicate that the Cybertruck's poor build quality and declining popularity are contributing to its plummeting resale value, leaving current owners in a difficult position. Overall, the situation reflects broader challenges for Tesla vehicles in the market.
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