Auditor raises concerns over Adani Ports’ transactions with 3 entities

 Auditor Deloitte raised concerns over Adani Ports’ transactions with three entities, which the company said were unrelated parties. However, the auditor said it could not confirm that the parties were indeed unrelated. It has also issued a qualified opinion on the accounts of Adani Ports. In the auditors’ report on the audit of the fourth quarter and 2022-23 financials, Deloitte Haskins & Sells LLP highlighted transactions with three entities, which the company said were unrelated parties. Deloitte, however, said it could not attest to the company’s statement as no independent…

Wrestlers’ protest: IOC says police action against Indian athletes very disturbing

The International Olympic Committee (IOC) has condemned the way India’s top wrestlers are being treated during their ongoing protest. It has also demanded an investigation into allegations that Indian wrestling chief Brij Bhushan Sharan Singh sexually harassed female athletes. The wrestlers were temporarily detained by police on Sunday as they tried to march to the new parliament building. They were demanding the resignation and arrest of the federation chief. Mr. Singh, who is also an influential MP from the governing Bharatiya Janata Party (BJP), has denied the allegations and accused…

Seattle Amazon workers walk out to protest office Policies including layoffs

Some Amazon.com Inc employees staged a walkout in protest of the e-commerce giant’s changes to its climate policy, layoffs, and a return-to-office mandate.  News release from Amazon Employees for Climate Justice cited “a lack of trust in company leadership’s decision-making” as one of the reasons for the demonstration.  More than 1,900 employees had pledged to protest globally, according to the organizers, an activist group known as Amazon Employees for Climate Justice (AECJ).  Amazon announced some 27,000 role cuts in recent months, or 9% of its corporate workforce, a shift for…

US debt ceiling bill passes House with broad bipartisan support

U.S. House of Representatives passed a bill to suspend the debt ceiling, with majority support from both Democrats and Republicans to overcome opposition led by conservatives and avoid a catastrophic default. The Republican-controlled House voted 314-117 to send the legislation to the Senate, which must enact the measure and get it to President Joe Biden‘s desk before the deadline when the federal government is expected to run out of money to pay its bills. After the vote, Biden expressed his satisfaction. “This agreement is good news for the American people…

Elon Musk has retaken the title of the world’s wealthiest person

Elon Musk Is the Richest Person in World Again.  He surpassed luxury tycoon Bernard Arnault after shares of Arnault’s LVMH fell 2.6% in Paris trading.  Musk and the 74-year-old Frenchman have been neck-and-neck for the top spot this year in the Bloomberg Billionaires Index, a listing of the world’s 500 richest people.  Musk, meanwhile, has gained more than $55.3 billion this year, largely due to Tesla.  Elon Reeve Musk is a business magnate and investor. He is the founder, CEO, and chief engineer of SpaceX; angel investor, CEO, and product…