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Adani representatives meet Trump officials in push to end US bribery cases, Bloomberg News reports

May 5 (Reuters) – Representatives for Indian billionaire Gautam Adani and his companies met officials from U.S. President Donald Trump’s administration to seek dismissal of the criminal charges against him in an overseas bribery probe, Bloomberg News reported on Sunday, citing people familiar with the matter. The talks, which began earlier this year, gained momentum in recent weeks and could yield a resolution in the coming month or so, if the pace persists, according to the report. In November, U.S. authorities indicted Adani and his nephew, Sagar Adani, alleging that they paid bribes to secure Indian power supply contracts, and

Delhi court issues notice to Sonia, Rahul Gandhi in National Herald case

New Delhi, May 2 (PTI) A Delhi court on Friday issued notices to former Congress president Sonia Gandhi and leader of opposition in Lok Sabha Rahul Gandhi in the National Herald money laundering case. Special judge Vishal Gogne said their “right to be heard” was available at the time of cognisance of the chargesheet. “Right to be heard at any stage breathes life into fair trial,” the judge said, posting the matter on May 8. The judge also issued notice to Congress leader Sam Pitroda and Suman Dubey, and “Young Indian”, Dotex Merchandise Pvt Ltd and Sunil Bhandari. The chargesheet

RBI imposes penalties on ICICI Bank, Bank of Baroda, 2 other lenders

Mumbai, May 2 (PTI) The RBI (Reserve Bank of India) on Friday said it has imposed penalties on four banks, including ICICI Bank and Bank of Baroda, for deficiencies in regulatory compliances. Penalty of Rs 97.80 lakh has been imposed on ICICI Bank for non-compliance with certain directions issued by the Reserve Bank of India (RBI) on ‘Cyber Security Framework in Banks’, ‘Know Your Customer (KYC)’, and ‘Credit Card and Debit Card — Issuance and Conduct’. In another statement, the RBI said it has imposed a penalty of Rs 61.40 lakh on Bank of Baroda for non-compliance with certain directions

Employee doesn’t have right to promotion but consideration if not disqualified: Supreme Court

New Delhi, May 2 (PTI) The Supreme Court on Friday said while an employee did not possess a right to promotion, they had the right to be considered for promotion unless disqualified. A bench of Justices Sudhanshu Dhulia and K Vinod Chandran was dealing with an appeal filed by a police constable in Tamil Nadu who was aggrieved by the denial of consideration of promotion for the sub-inspector’s post. “It is trite that the employee has no right to be promoted but has a right to be considered, when selections for promotions are carried out, unless disqualified; which right has

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