Adani wins US court hearing for plea to dismiss SEC suit

IANS | April 8, 2026 2:05 PM

New York, April 8 (IANS) A US judge has granted a request from Billionaire industrialist Gautam Adani to schedule a hearing to dismiss a US Securities and Exchange Commission (SEC) case of alleged fraud. The plea states that the case represents an impermissible extraterritorial application of US law and that the SEC has failed to establish actionable claims under US securities laws.

Musk seeks removal of OpenAI CEO Altman, Brockman amid legal battle

IANS | April 8, 2026 12:29 PM

New Delhi, April 8 (IANS) Elon Musk -- who was a co-founder of OpenAI -- has sought the removal of current CEO Sam Altman and President Greg Brockman as part of his legal challenge to the Artificial Intelligence firm’s shift to a for-profit structure, according to reports.

Crude oil prices tank up to 20 pc over Iran ceasefire announcement

IANS | April 8, 2026 10:04 AM

New Delhi, April 8 (IANS) Global crude oil prices on Wednesday plunged sharply up to 20 per cent, after US President Donald Trump announced a two-week ceasefire with Iran that includes a pledge to restore navigation through the Strait of Hormuz -- the narrow waterway at the heart of the world's most acute energy crisis in decades.