Lawyers say diverted funds, disgorgement and settlement amount will have separate treatment
ESA’s JUICE mission will study Jupiter, Ganymede, Callisto and Europa. The spacecraft will examine their oceans, geology, magnetic fields and environments to understand their nature and possible habitability.
Meta Platforms has recruited MongoDB CEO Chirantan Desai to head its new enterprise initiative focused on AI tools. Following his departure, shares of MongoDB fell significantly in morning trading, reflecting market concern. MongoDB has appointed Dev Ittycheria as interim CEO while searching for a permanent replacement. Meta's new venture will integrate various AI tools and services, aiming to serve corporate customers effectively.
Goldman Sachs is reportedly considering John Waldron as the next CEO to succeed David Solomon. Waldron, currently the chief operating officer, may transition into the role by 2028. The bank awarded Waldron a significant stock package last year to encourage his retention. Solomon, who has led the bank for eight years, could become executive chairman post-succession. These discussions surrounding leadership succession are ongoing within the company's board.
NCLAT has issued notices to lenders on Essel Group chairman Subhash Chandra’s plea challenging an NCLT order that constituted a five-member bench in his personal insolvency case.
US stocks closed slightly lower as consumer confidence fell to a significant low not seen in over 12 years. Rising government bond yields have affected investor sentiments before upcoming economic data releases. Reports indicated a decline in job openings and a pessimistic outlook from households regarding the economy. Multiple Federal Reserve officials expressed differing views on the need for future interest rate hikes.
Quote of the day by Diane Keaton talks about love, companionship and meaningful connections. The saying explains that lasting relationships need effort, patience and compromise. The quote also presents love as a process rather than an easy experience.
S&P Global Ratings has indicated that upcoming changes within the Tata Group may affect credit quality. The agency pointed out that leadership transitions could challenge the continuity of the group's strategies and financial policies. Significant growth plans exist for various Tata companies, emphasizing their importance to Tata Sons. A potential public listing of Tata Sons might introduce public shareholder scrutiny and impact group support assessments.
Iran's Revolutionary Guards have written an open letter appealing to American voters to reject President Donald Trump's policies. They argue that with a policy change, peaceful coexistence between Iran and the US is possible. Additionally, they criticised the US support for Israel and foreign wars as detrimental. The letter contends that Iran's nuclear program is peaceful, though Israel views it as a threat.
Iranian President Masoud Pezeshkian stated that Tehran is open to nuclear discussions and diplomatic solutions. He emphasised that Iran will not tolerate bullying or coercion from external forces. US President Donald Trump dismissed claims of offering sanctions relief before addressing the nuclear issue. Both US and Iranian officials are currently engaging with mediators to explore possible resolutions. Iranian Foreign Minister Abbas Araqchi reiterated the necessity of clear conditions for negotiations.