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US court unlikely to reject DOJ bid to drop Adani case, legal experts say

New York, Jul 7 (PTI) US legal experts said it would be highly unusual for a federal court to reject the Department of Justice’s request to dismiss the criminal case against Indian billionaire Gautam Adani, after prosecutors set out detailed legal and policy reasons for seeking to drop the indictment. Under Rule 48(a) of the Federal Rules of Criminal Procedure, the Justice Department must obtain the court’s permission to dismiss an indictment. While judges may seek additional information or hold hearings before ruling, legal experts said there is little modern precedent for compelling prosecutors to continue pursuing a case the

Stock markets snap 4-day rally amid heavy profit booking; Trent tumbles over 12 pc

Stock markets snap 4-day rally amid heavy profit booking; Trent tumbles over 12 pc

Mumbai, Jul 7 (PTI) Market benchmark indices Sensex and Nifty ended lower on Tuesday amid profit-taking after a four-day rally, in line with weakness in Asian equities. Buying in IT stocks, however, cushioned the market’s fall. Fag-end selling dragged the 30-share BSE Sensex lower, leading the benchmark to settle 104.35 points, or 0.13 per cent, down at 78,180.72. During the day, it climbed 379.85 points, or 0.48 per cent, to 78,664.92. From the Sensex pack, Trent emerged as the top loser by tumbling 12.42 per cent after its June quarter revenue growth missed market expectations. Adani Ports, Bharat Electronics, Larsen

Rupee rises 48 paise to close at 94.95 against US dollar

Rupee rises 48 paise to close at 94.95 against US dollar

Mumbai, Jul 7 (PTI) The rupee appreciated 48 paise to close at 94.95 (provisional) against the US dollar on Tuesday, on improved global risk sentiments as higher traffic flows through the Strait of Hormuz reduced supply uncertainties. Forex traders said market sentiment was also buoyed after Saudi Arabia slashed August crude oil prices for Asia by USD 11 per barrel. Moreover, softness in Brent oil prices will ease inflationary pressures for India, the world’s third-largest oil importer, market analysts said. At the interbank foreign exchange market, the rupee opened at 95.33 and traded in the range of 94.94-95.37 in intraday

A landslide in China buries 33 people, with about half of them rescued, state media report

BEIJING, July 7, 2026 (AP) — A landslide at a village in northwestern China buried 33 people on Tuesday, state media reported. About half of them have been rescued. Local authorities said the landslide occurred in the Nanhe township of Longnan city in Gansu province shortly before 7 a.m., according to China’s official Xinhua News Agency. State broadcaster CCTV said 17 people were already rescued, but it did not elaborate on their condition. While rescue operations were underway, authorities relocated affected residents. It was unclear what caused the landslide.

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