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Topline Indian billionaire Gautam Adani broke his silence on Saturday after U.S. officials accused him and executives of his Adani Group of running a large-scale bribery scheme, calling the charges “baseless” while vowing to seek “all possible legal recourse.” Key Facts Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you'll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here . Crucial Quote “What I can tell you is that every attack makes us stronger and every obstacle becomes a stepping stone for a more resilient Adani Group,” Adani said. Key Background Earlier this month, the Justice Department charged Adani, founder and chairman of Adani Group, and executives of the conglomerate with conspiracy to commit securities and wire fraud and substantive securities fraud. U.S. officials outlined a bribery scheme in which Adani and the executives bribed Indian government officials to purchase energy at above-market rates. Adani raised capital through false and misleading statements by lying to U.S. investors and banks, prosecutors allege. Adani raised more than $750 million in the scheme, including $175 million from U.S. investors, the SEC claimed . Activist investment firm Hindenburg Research accused Adani and his companies of large-scale fraud and stock manipulation last year, resulting in $112 billion being cut from the market value of his conglomerate’s companies. Adani Group decried Hindenburg’s report as “the largest con in corporate history.” Forbes Valuation Adani, the world’s 24th-richest person and the second-wealthiest in Asia, has a fortune valued at $66 billion, according to our latest estimates. Adani Group, a conglomerate overseeing energy, infrastructure and transmission firms, was India’s second-largest cement producer in 2022 while generating $38 billion in revenue and employing more than 26,000 people. Further ReadingBURLINGTON, Vt. (AP) — TJ Hurley scored 23 points as Vermont beat Northeastern 68-64 on Saturday. Hurley shot 6 for 14 (3 for 6 from 3-point range) and 8 of 9 from the free-throw line for the Catamounts (5-4). Jace Roquemore scored 13 points and added five rebounds. Ileri Ayo-Faleye shot 3 of 5 from the field and 3 for 4 from the line to finish with 10 points. Rashad King led the way for the Huskies (5-3) with 27 points, seven rebounds and three steals. Northeastern also got nine points and 10 rebounds from Youri Fritz. Hurley put up 13 points in the first half for Vermont, who led 35-22 at halftime. Vermont used an 8-0 run in the second half to build a 16-point lead at 47-31 with 12:26 left. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .DNY59 This article is part of a series that provides an ongoing analysis of the changes made to Ruane, Cunniff & Goldfarb’s 13F portfolio on a quarterly basis. It is based on their regulatory 13F Form filed on 11/14/2024. Please Analyst’s Disclosure: I/we have a beneficial long position in the shares of GOOGL, META either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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London, United Kingdom–(Newsfile Corp. – November 30, 2024) – This December, Sends company co-hosts the second edition of the London FinTech Networking Meetup, which will take place on Tuesday, December 3, 2024, from 6:00 PM to 11:00 PM at Nest Bishopsgate in London. This exclusive event brings together a select group of C-level FinTech professionals for an evening dedicated to fostering connections and exploring partnerships. Sends company To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10281/231884_a050db235494da38_001full.jpg About the event Unlike traditional conferences, the London FinTech Networking Meetup offers five hours of dynamic and engaging networking opportunities without lengthy marketing presentations. Participants can expect a collaborative environment focused on uncovering new, mutually beneficial opportunities in FinTech. Click the link to find out more details on the upcoming event. The event is organized and sponsored by Clear Junction, Dukascopy Bank, Colibrix, Xpate, Emerald24, Decta, and Sends. “We are thrilled to co-host this gathering of FinTech leaders. Networking is the lifeblood of innovation in our industry, and this event serves as a platform for dialogue and collaboration among FinTech professionals. With this being our second gathering, I believe we’re on the path to establishing a lasting tradition,” said Alona Shevtsova , CEO of Sends . Why attend the London FinTech Networking Meetup? For more details or to inquire about participation, visit the event page on Eventbrite . It is worth mentioning that Sends Financial Company achieved PCI-DSS Version 4 certification this September. It continues to invest in advanced technologies and best practices to protect its clients’ data from emerging threats. Contact information: *Sends is a trade name of SMARTFLOW PAYMENTS LIMITED. SMARTFLOW PAYMENTS LIMITED is registered in England and Wales (Company number 11070048). To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231884 #distro
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Are you sitting on $1,000 and aren't sure what to do with it? Well, you could look at turning it into something more substantial by investing it into a top Australian stock. But which ASX stocks could be good options for a $1,000 investment in December? Two that analysts believe could generate big returns for investors over the next 12 months are listed below. Here's what they are saying about these buy-rated stocks: ( ) The team at Bell Potter believes that this counterdrone company could be a great option for your money right now. Especially given recent share price weakness which has dragged the Australian stock down materially from its highs. It feels this has created an attractive entry point for investors in a company expected to grow strongly in 2025. The broker said: Whilst DroneShield's revenue YTD has been disappointing, we view this as an opportunity to reset market expectations, which were overly optimistic for CY24. However, DRO remains a high-quality technology company, operating in a rapidly growing market and is well capitalised to maintain its market leading position. We believe the current SP provides an attractive entry point considering DRO's strong runway into CY25 ($18m contracted rev.), robust market demand and appealing long-term growth outlook. The broker has a buy rating and $1.20 price target on this its shares. This implies a potential upside of 54% for investors. ( ) Another Australian stock that has been dragged notably lower from its highs is mining and mining services company Mineral Resources. Bell Potter also believes that this has created a compelling buying opportunity for investors. It commented: MIN continues to make good progress on its critical tasks of commissioning the Onslow Iron Project and deleveraging its balance sheet. We forecast that Onslow will become a foundational earnings driver for MIN from FY26. MIN still has numerous options to enhance its balance sheet, and we think more transactions are likely, going forward, eliminating market leverage concerns. [...] Looking forward 12-months, we think that process will be complete, MIN will continue to be a sector leader in agile operations and business development, and accordingly we maintain our buy recommendation. The broker has a buy rating and $61.00 price target on its shares. Based on its current share price of $33.63, this implies potential upside of just over 80% for investors over the next 12 months.
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HENDERSON, Nev. (AP) — Ashlon Jackson scored a career-high 30 points and No. 13 Duke defeated No. 9 Kansas State, 73-62 on Monday, in the semifinals of the Ball Dawgs Classic. The Blue Devils (6-1) overcame an early 11-point deficit behind Jackon’s shooting hand to advance to Wednesday’s championship game against the winner of the game between No. 8 Oklahoma and DePaul. Jackson, who has scored in double figures in all six of Duke’s games, shot 12 of 19 (63.1%) from the floor, including 6 of 9 (66.7%) from 3-point range. Reigan Richardson added 16 points for the Blue Devils. Kansas State (5-1) was led by Ayoka Lee, who had 16 points. Serena Sundell scored 15 and Kennedy Taylor came off the bench to add 11 for the Wildcats. Takeaways Kansas State: With her 16-point performance, Lee needs 48 points to pass Kendra Wecker (2001-05) for the Kansas State career scoring record. Wecker scored 2,333 points. Lee, the 2024-25 Preseason Big 12 Player of the Year, is averaging 15.3 points. Duke: Jackson hit her season average of 13.3 points by the 3:54 mark of the second quarter when her pull-up jumper gave her 14. The junior guard was 8 of 11 from the floor, including 4 of 5 from 3-point range, and had 20 points by halftime. Key moment With the Blue Devils trailing by six midway through the second quarter, Jackson triggered a 15-0 run with 13 of the team’s points to help Duke take a lead they’d never relinquish. Up next Duke will face the winner of No. 8 Oklahoma-DePaul on Wednesday in the championship game, while Kansas State will face the loser in the consolation game. ___ Get poll alerts and updates on AP Top 25 basketball throughout the season. Sign up here. AP women’s college basketball: https://apnews.com/hub/ap-top-25-womens-college-basketball-poll and https://apnews.com/hub/womens-college-basketball W.g. Ramirez, The Associated PressB. Metzler seel. Sohn & Co. Holding AG Invests $1.51 Million in DexCom, Inc. (NASDAQ:DXCM)
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