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Gautam Adani, a prominent Indian billionaire, has been indicted in New York on charges of securities fraud and bribery related to a $250 million scheme involving solar energy contracts. The allegations have led to significant market losses for his conglomerate, Adani Group, and raised concerns about the implications for India's economy and politics as of December 1, 2024.
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The BJP-led Mahayuti alliance has secured a decisive victory in Maharashtra, winning 235 out of 288 assembly seats. This outcome marks a significant rebound for Prime Minister Modi's party following earlier electoral setbacks, particularly in the context of rising female voter engagement and targeted cash handouts to women.
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Devendra Fadnavis is poised to become the Chief Minister of Maharashtra after the BJP-led alliance secured a significant victory in the recent state elections. However, negotiations with regional partners, particularly the Shiv Sena, have been contentious. Meanwhile, cybersecurity concerns arise as the startup Signzy faces a data breach incident.