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US set to drop criminal fraud case against Gautam Adani, sources say, as deal reached in civil case

May 15 (Reuters) – The U.S. Justice Department is close to dropping criminal ​fraud charges against Gautam Adani, an Indian billionaire who has promised to invest $10 billion in the U.S. economy, according to ‌two sources familiar with the matter. Adani on Thursday also resolved a related civil fraud lawsuit brought by the Securities and Exchange Commission (SEC) over an alleged scheme to bribe Indian government officials, subject to court approval. The possible dismissal of the criminal charges comes after Adani’s lawyer, Robert Giuffra, who is also a personal attorney of ​U.S. President Donald Trump, told Justice Department officials in

Petrol, diesel prices hiked by Rs 3/litre after elections as crude costs bite

New Delhi, May 15 (PTI) Petrol and diesel prices were hiked by Rs 3 per litre each on Friday, the first rate increase in more than four years, amid mounting losses of fuel retailers due to surging global crude prices. The increase comes 16 days after assembly elections concluded in Assam, Kerala, Tamil Nadu and West Bengal. Fuel prices had remained unchanged through the polling period despite a sharp rise in international oil prices triggered by the West Asia conflict. Petrol price was hiked to Rs 97.77 per litre from Rs 94.77 in the national capital. Diesel now costs Rs

New attacks hit ships near Hormuz as Trump discusses Iran with Xi

May 14 (Reuters) – U.S. President Donald Trump discussed the Iran war with China’s President Xi Jinping in Beijing on Thursday, while new attacks on ​vessels near the Strait of Hormuz brought a reminder of the costs of a prolonged stalemate, with peace talks stalled. After Trump and Xi met, a White House official said the leaders ‌had agreed that the strait should be open, and that Iran should never obtain nuclear weapons. China is close to Iran and the main buyer of its oil. In an interview with CNBC in Beijing, U.S. Treasury Secretary Scott Bessent said he believed

Gold rises Rs 650 to Rs 1.66 lakh/10g in Delhi

New Delhi, May 14 (PTI) Gold price rose by Rs 650 to Rs 1.66 lakh per 10 grams in the national capital on Thursday after the rupee fell to a record low against the US dollar amid persistent geopolitical tensions. According to the All India Sarafa Association, gold of 99.9 per cent purity rose Rs 650 to Rs 1,66,000 per 10 grams (inclusive of all taxes) from Wednesday’s closing of Rs 1,65,350 per 10 grams. This is the third consecutive day of fall for the precious metal. “Gold traded with modest gains in the domestic market, supported by positive cues

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