Rivian, FedEx, Cerner, Oracle: What to | Stock Market News Today


Stock futures are down at the end of a week that saw major central banks chart divergent courses as they confront inflation. Here’s what we’re watching in Friday’s action:

Cerner’s stock got a premarket boost after it was reported that Oracle was in talks to acquire the company.



Photo:

Kris Tripplaar/Sipa USA/Associated Press

Chart of the Day
  • Investors say Chinese authorities are likely to ease up somewhat on the embattled real-estate sector and to loosen monetary policy, helping support Chinese corporate borrowers more broadly.

Write to James Willhite at [email protected]

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Latest News Today – Adani Group Denies Receiving SEBI Notice


Adani Group has denied receiving any communication from SEBI

The Adani Group has not received any communication from Securities and Exchange Board of India (SEBI) recently and Directorate of Revenue Intelligence (DRI) show-cause notice was issued five years back, said a company spokesperson on Monday, issuing clarification about market regulator and customs authorities investigation in several companies belonging to the group.

Earlier today, in a written response to Parliament, the Government has said several Adani Group companies are being investigated by the SEBI and DRI.

“We have always been transparent with all our regulators and have full faith in them. While we have always been fully compliant with applicable SEBI regulations, we have made full disclosure to SEBI on specific information requests from them in the past,” the spokesperson said.

However, they added that Adani Group has not received any communication or information requests recently.

With regard to the DRI matter, the Spokesperson said the investigation agency issued a show-cause notice to Adani Power, about five years back.

“Subsequently, DRI passed an order in favour of Adani Power confirming that there is no over-valuation of equipment. The department has approached the Tribunal and the matter stands sub judice now,” they said adding, “Adani Group is a responsible corporate citizen and strongly believes in compliance of applicable laws and adheres to prudent corporate governance framework.”



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Latest News Today – Heroin Worth Rs 78 Crore Seized At Hyderabad Airport In


Heroin worth Rs 78 crore was siezed from Hyderabad airport. (Representational)

The Directorate of Revenue Intelligence has arrested two African women with 12 Kilograms of heroin at Hyderabad’s international airport in two separate incidents on Saturday and Sunday. According to the officials, the seized heroin has an estimated value of Rs 78 Crore in the international market.

The officials acted on specific intelligence input and intercepted the women who hail from Uganda and Zambia.

The Zambian woman was caught for allegedly smuggling 8 kilograms of heroin worth Rs 53 crore, the officials said.

The Ugandan woman was arrested a day before, on Saturday. The officials, acting on specific intel, arrested the woman who had come to pick up her missing luggage at the airport.

She had arrived in Hyderabad earlier, from Zimbabwe via Doha.

“The woman came to the airport on Saturday to pickup her missing luggage and we have found about four kilos of heroin neatly stuffed in duct taped packets between the walls of the suitcase,” an official said.

The woman opted for the green channel, and during the baggage screening, the official noticed suspicious material.

“Brown powder was concealed inside the drum of plastic pipe roll carried in checked in baggage. We retrieved eight kilos of the powder from the drum. Chemical test confirmed that it was heroin,” an official said.



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