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LIC's Adani portfolio declines by Rs 8,683 crore in one day amid sell-off

Economictimes.indiatimes.com 

LIC, holding stakes in seven Adani Group companies, saw an Rs 8,683 crore erosion in its holdings on Thursday due to the Adani Group's stock price decline following the US bribery allegations. Adani Enterprises suffered the most, with a Rs 2,962 crore loss in LIC's holdings. Adani Ports followed with a Rs 2,959 crore loss.

US watchdog issues final rule to supervise Big Tech payments, digital wallets

Economictimes.indiatimes.com 

The regulations, first proposed a year ago to govern digital services such as Apple Wallet, Google Pay and Venmo, come as President-elect Donald Trump prepares to make far-reaching changes to federal regulators' conduct when he takes office next year, which could cast doubt on the rule's future.

Kenya cancels power transmission deal with Adani following US bribery charges

Economictimes.indiatimes.com 

Kenyan President William Ruto announced the cancellation of two major deals involving India's Adani Group. The first is the procurement process for expanding Kenya's main airport, and the second is a $700 million power transmission agreement with an Adani unit. The cancellations follow U.S. prosecutors' indictment of Adani for allegedly conspiring to bribe Indian officials in a $265 million scheme.