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NEW DELHI (Reuters) -A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy that makes up some 10% of its business, and no other firms in the conglomerate are accused of wrongdoing, the group's CFO said on Saturday. On Wednesday, Gautam Adani, one of the world's richest men, and seven others were indicted for fraud by U.S. prosecutors over their alleged roles in a $265 million scheme to bribe Indian officials to secure power-supply deals. Adani has denied all allegations calling them "baseless".

Adani CFO says US charges linked to only one business contract

NEW DELHI (Reuters) -A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy that makes up some 10% of its business, and no other firms in the conglomerate are accused of wrongdoing, the group's CFO said on Saturday. On Wednesday, Gautam Adani, one of the world's richest men, and seven others were indicted for fraud by U.S. prosecutors over their alleged roles in a $265 million scheme to bribe Indian officials to secure power-supply deals. Adani has denied all allegations calling them "baseless".
Reuters 2 hours ago
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Lattice Semiconductor Considers Offer for Intel’s Altera Unit

Lattice Semiconductor Considers Offer for Intel’s Altera Unit

(Bloomberg) -- Lattice Semiconductor Corp. is considering making an offer for all of Intel Corp.’s Altera, people familiar with the matter said, in a twist that could complicate the chip giant’s plans to sell a minority stake in the unit. Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeTrump Promises Could Have Seismic Impact on Washington EconomyNYC Mayor Adams Names Jessica Tisch to Lead Police H
Bloomberg 7 hours ago
INTC
LSCC
Exclusive-Saudi Aramco unit in talks to invest $1 billion in US software maker Mavenir, sources say

Exclusive-Saudi Aramco unit in talks to invest $1 billion in US software maker Mavenir, sources say

Saudi Aramco's digital arm is in talks to take a significant minority stake in Mavenir, in a deal that is likely to value the U.S. telecommunications software maker at about $3 billion, people familiar with the matter told Reuters on Friday. Aramco Digital is in talks to invest about $1 billion in Mavenir and a deal is likely to be signed before the end of the year, the sources said, cautioning that a transaction is not guaranteed. Mavenir is working with investment bank Evercore on its talks with Aramco Digital, the sources said, requesting anonymity as the discussions are confidential.
Reuters 8 hours ago
Y Combinator often backs startups that duplicate other YC companies, data shows — it's not just AI code editors

Y Combinator often backs startups that duplicate other YC companies, data shows — it's not just AI code editors

The Silicon Valley dream is to build a tech startup that is such a unique idea it alters the commercial universe and turns its founders into billionaires. Participating in the Valley’s most famed startup factory, Y Combinator, is often part of that dream. YC commonly accepts startups that are building similar or nearly identical products to previous YC grads.
TechCrunch 9 hours ago
Samsung ordered to pay $118 million for infringing Netlist patents

Samsung ordered to pay $118 million for infringing Netlist patents

A federal jury in Marshall, Texas, on Friday awarded computer memory company Netlist $118 million in damages from Samsung Electronics in a patent lawsuit over technology for improving data processing in high-performance memory products. The verdict follows a $303 million verdict against Samsung for Irvine, California-based Netlist in a related case last year. Spokespeople for Samsung and Netlist did not immediately respond to requests for comment on the Friday verdict.
Reuters 9 hours ago
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SSNLF
Super Micro Investors Whiplashed as Tech Firm Fights for Listing

Super Micro Investors Whiplashed as Tech Firm Fights for Listing

(Bloomberg) -- A roller-coaster ride for Super Micro Computer Inc. shares is likely to continue for some time, as investors weigh the company’s next steps to avoid being delisted by Nasdaq Inc.Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeTrump Promises Could Have Seismic Impact on Washington EconomyNYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid ProbesTokyo’s Scorching Summers Focus
Bloomberg 10 hours ago
SMCI
NDAQ
Chinese hackers preparing for conflict, US cyber official says

Chinese hackers preparing for conflict, US cyber official says

Morgan Adamski, executive director of U.S. Cyber Command, said Chinese-linked cyber operations are aimed at gaining an advantage in case of a major conflict with the U.S. The Chinese Embassy in Washington did not immediately respond to a request for comment.
Reuters 13 hours ago
Microsoft begins rolling out Recall feature to developers as AI PC push continues

Microsoft begins rolling out Recall feature to developers as AI PC push continues

Microsoft is bringing its Recall feature to developers as it continues its AI PC rollout.
Yahoo Finance 13 hours ago
INTC
MSFT
EchoStar Shares Fall With Dish-DirecTV Merger Prospects Dim

EchoStar Shares Fall With Dish-DirecTV Merger Prospects Dim

(Bloomberg) -- DirecTV notified EchoStar Corp. of its intention to terminate an acquisition of Dish Network Corp. after bondholders failed to consent to a key debt exchange, all but killing a deal to create the largest US pay-TV service. Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeTrump Promises Could Have Seismic Impact on Washington EconomyNYC Mayor Adams Names Jessica Tisch to Lead Police He
Bloomberg 13 hours ago
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SATS
Meta Must Face Investor Suit After Supreme Court Drops Case

Meta Must Face Investor Suit After Supreme Court Drops Case

(Bloomberg) -- The US Supreme Court dismissed an appeal by Meta Platforms Inc., leaving it to face a multibillion-dollar lawsuit that accuses the company of misleading shareholders about the data-harvesting scandal involving political consulting firm Cambridge Analytica.Most Read from BloombergNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeTrump Promises Could Have Seismic Impact on Washington EconomyNYC Mayor Adams Name
Bloomberg 13 hours ago
META
Adanis knew of US probe when they sold bribe-linked assets to TotalEnergies, prosecutors say

Adanis knew of US probe when they sold bribe-linked assets to TotalEnergies, prosecutors say

Gautam and Sagar Adani knew their renewable energy company was under U.S. investigation for suspected bribery when they sold part of India's largest solar park to France's TotalEnergies, prosecutors allege in legal documents reviewed by Reuters. TotalEnergies did not immediately respond to a request for comment on Friday on whether it knew the Adanis were being probed by U.S authorities over an alleged bribery and fraud scheme when it bought the Khavda solar stake. U.S. prosecutors on Thursday charged eight people - including Indian tycoon Gautam Adani, his nephew Sagar Adani and the former CEO of Adani Green Energy Limited — with promising and then making improper payments to Indian officials between July 2021 and 2024 to ensure the solar project's success.
Reuters 14 hours ago
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