CONTROLLER GENERAL
Democrats plan probes of Musk, Miller, corporate America after midterm rout
Democratic lawmakers have vowed investigations into Elon Musk, White House chief of staff Stephen Miller and companies after taking control of Congress in January. House Democratic leader Hakeem Jeffries also backed impeaching Defence Secretary Pete Hegseth over his handling of the Iran war, setting up a confrontation with the Trump administration.
Cancer drug prices to fall by up to 96% from November 9; consumers set to save Rs 3,502 crore annually
Starting November 9, consumers in India will benefit from significantly reduced prices on 137 anti-cancer drugs. The government has capped trade margins on these medications, leading to an estimated annual savings of Rs 3,502.31 crore for consumers. Price reductions have been reported across 1,225 formulations, with some reductions exceeding 50 percent.
OMCs reject Karnataka’s high-ethanol fuel claim, seek fresh tests
State-run oil marketers in India have rejected Karnataka's claims regarding excessive ethanol content in petrol sold. They argue that the state's testing procedures lack adherence to prescribed standards and were unverified. The oil companies assert that their E20 fuel adheres to Bureau of Indian Standards and undergoes strict quality checks. They highlighted that previous tests indicated compliance within the mandated ethanol blending range.
Activists breach Microsoft data centre construction site as protests spread in Europe
Activist groups have announced actions in 16 countries on Friday and Saturday, according to the "Stop Dirty Data Centres" coalition, which is rallying environmental groups and digital rights campaigns behind calls to pause large-scale construction.
House of Trump falling? Vance, Hegseth at centre of rupture talks as Iran war backlash rages
Donald Trump’s crushing midterm defeat has exposed growing fault lines inside his administration, with the Iran war turning from a military campaign into a political liability. Vice-President JD Vance has openly blamed the conflict for the Republican loss, while Secretary of State Marco Rubio has been drawn into reports about a possible exit—claims he and the White House deny. The biggest battle is unfolding around Defence Secretary Pete Hegseth, who faces renewed impeachment calls and investigations once Democrats take control of Congress.
Hegseth vows to fight impeachment as Democrats target US defense chief after midterm losses
US Defense Secretary Pete Hegseth has vowed to resist impeachment efforts following recent congressional elections. After Republican losses, his handling of the Iran war faces scrutiny from lawmakers. President Donald Trump continues to express support for Hegseth despite rising opposition within Congress. Hegseth has defended military policies, claiming they are essential for national security and military funding. The newly formed Democratic majority intends to investigate Hegseth's tenure extensively.
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Centre releases Rs 1.09 lakh crore to states five days early, UP gets biggest share
The Centre has released Rs 1.09 lakh crore to state governments as tax devolution, advancing the November instalment by five days to support capital expenditure and welfare commitments. Uttar Pradesh received the largest allocation at Rs 19,208 crore, followed by Bihar and Madhya Pradesh. November's total transfer stands at Rs 2.18 lakh crore.
2026 Midterm election results Senate: Melania Trump skips Donald Trump's election night party; here's what she was doing as Republicans lost Congress
US First Lady Melania Trump was notably absent from Donald Trump's election-night gathering at the White House as Republicans suffered a major setback in the midterm election results, losing control of both the Senate and House. Instead of joining the President, Melania focused on her independent diplomatic initiative to secure a ceasefire in Russia-controlled Oleshky, Ukraine.
India, Israel vote against Pak-backed UN arms control resolution: Sources dismiss voting coordination
India has voiced its opposition to a Pakistan-led UN resolution on regional arms control, asserting that arms control transcends regional boundaries. With approximately 180 nations endorsing it, both India and Israel stood alone in dissent. India reiterated its long-standing position on arms control as a matter of principle, while a few other countries, including the U.S., shared hesitations about the resolution.
Democrats win both chambers of US Congress in midterm landslide, rebuke Trump over economy and Iran war
Democrats achieved significant victories in the midterm elections, resulting in control of both Congressional chambers. Many seats were flipped across previously Republican strongholds with stark voter dissatisfaction influencing results. Notably, Trump-backed candidates faced substantial defeats in multiple states like South Carolina and North Carolina. The outcomes revealed limitations in Trump's political influence and a shift toward Democratic representation.
Hyundai to offer up to 15% savings on car insurance for safe drivers
Hyundai Motor India has launched a usage-based insurance program for its Bluelink-connected cars. Customers can receive potential savings on motor insurance premiums based on their driving behavior. Driving scores will be calculated from vehicle data without requiring additional tracking devices. The program aims to encourage safer driving practices while providing benefits at the time of policy renewal.
Asian shares mostly advance following US midterms, though Kospi falls on selling of chipmakers
Asian markets experienced an upswing on Thursday, buoyed by a rebound in U.S. equities following the midterm elections. The Dow Jones leapt over 3% as political shifts occurred, leading to the loss of control for President Trump's party. Meanwhile, South Korea's Kospi mirrored struggles in the tech sector, particularly affecting AI stocks, while a drop in oil prices severely impacted energy firm shares.
US Stock Market today: S&P 500, Nasdaq, Dow Jones jump after midterm elections results, Wall Street investors send direct messages to Donald Trump, Elon Musk, check top stock prices
US Stock Market today: Donald Trump’s social-media company, Trump Media & Technology Group, was one of the market’s bigger losers, down 24.5 per cent. Elon Musk’s businesses also struggled. Tesla fell 3.3 per cent, and SpaceX sank 3.8 per cent.
US midterms explained: Breaking down the maths behind America's elections – why 218, 51 and 60 matter
The US midterm elections involve winning specific congressional seats to control political power in Washington. A total of 435 voting seats exist in the House and the majority threshold is 218. The Senate has 100 seats, with 51 needed for a majority, though 60 votes are required for most legislation. Democrats secured control of both chambers during the 2026 midterms, shifting the balance of power.
Who won in Massachusetts? And all you need to know about Mass ballot questions 2026 results on gun-control, marijuana repeal and more
On November 3, 2026, Massachusetts voters elected all Democratic representatives to the US House of Representatives. Incumbent Democrat Ed Markey retained his Senate seat against Republican John Deaton in a contested race. Voters approved several key ballot measures, such as expanding public records and same-day voter registration. However, proposals for all-party primaries and marijuana repeal were soundly rejected.
Pakistan considers international arbitration against UAE's Etisalat over unpaid USD 800 million
Pakistan is evaluating the possibility of pursuing international arbitration against UAE-based Etisalat over an outstanding payment. The amount in question is USD 800 million related to the sale of PTCL shares since 2005. Although most properties were transferred, some remain untransferred, leading to the unresolved dispute. Efforts to resolve the issue amicably have been made since 2015.
Congress cites US mid-term results to slam 'One Nation, One Election' idea
The Congress party used the results of the recent US mid-term elections to emphasize accountability in democracy. Congress general secretary Jairam Ramesh criticized the Modi government's One Nation, One Election proposal as detrimental to accountability. The elections showed significant losses for the Republican Party, reflecting voter discontent with Trump's policies. Voters in key states flipped gubernatorial positions, impacting the Republican stronghold.
Trump says he will accept midterm results, work with Democrats as GOP faces setbacks
Donald Trump has stated he would accept the results of the midterm elections and collaborate with Democrats. He believes the Republican party's difficulties arise from his not being on the ballot. Various media outlets indicate that Democrats are likely to gain control of the House of Representatives. In his social media post, Trump claimed Republicans would have won significantly had he run for office.
US Midterm elections 2026: James Talarico defeats Ken Paxton in Texas Senate race, ending Democrats’ 32-year statewide drought
Democrat James Talarico has defeated Republican Ken Paxton in the 2026 US midterm elections to win a Senate seat representing Texas. His victory marks a major political shift in a state long dominated by Republicans. It is also the first time since 1988 that Texas has elected a Democrat to the US Senate, boosting the party's efforts to regain control of the upper house of Congress.
US Midterm Early Election Results 2026: Senate battle gets intense, Democrats flip key North Carolina seat, retain Georgia
Democrats achieved a significant victory by flipping a Senate seat in North Carolina during the midterm elections. The results indicate a potential shift in power in Congress as Democrats target more Republican-held seats. Voter dissatisfaction with the economy and government issues is evident, impacting turnout rates for both parties. Significant elections in various states signify the urgency of control over Congress.
Greg Abbott vs Gina Hinojosa: What to know as Texas governor race remains too close to call
In the Texas governor's race for November 2026, Gina Hinojosa is ahead of incumbent Greg Abbott, who has been in office for more than ten years seeking a fourth term. Hinojosa's platform emphasizes strengthening public education, enhancing affordability, and tackling the issues surrounding data centres. She stands against school vouchers and pledges to elevate public services for Texans, currently garnering 57% of votes against Abbott's 42%.
US Midterm Elections 2026: Trump approval plunges to 38% as polls begin to close, CBS exit poll shows
US President Donald Trump’s approval rating stood at 38%, the lowest for an incumbent president during a midterm election, according to a CBS News exit poll. Around three-quarters of voters were dissatisfied with the direction of the country, while more Americans viewed the economy negatively than two years ago. Most also believed the US was wrong to take military action in Iran.
When will we know midterm election results and what happens to Trump if Republicans lose control of Congress?
The 2026 US midterm election results could determine whether Donald Trump retains Republican control of Congress or faces a Democratic majority in the House or Senate. While some winners may be declared on election night, close races could take days to resolve. Here's when results are expected and what could happen to Trump's legislative agenda if Republicans lose control of either chamber.
Greenland approves security deal with Denmark and US following months of Trump's pressure
Greenlandic lawmakers voted 16-0 to approve a security agreement with Denmark and the United States. This deal aims to strengthen military presence in the Arctic while keeping Greenland under Danish control. Although some residents express concerns about its implications for Greenlanders, they hope to curb American threats. The agreement will take effect after Danish parliamentary processes are completed later this month.
'No escape': ICE, Homeland Security issue warnings against illegal voting as US delves in midterm polls
US Immigration and Customs Enforcement and the Department of Homeland Security issued warnings about illegal voting. They emphasized that illegal voters would face serious consequences, including arrest and deportation. This warning coincides with heightened scrutiny of election security and voter eligibility as the midterm elections approach. The Justice Department has also deployed election monitors to ensure compliance with voting rights laws.
Wockhardt seeks 14-year data shield for India-made drugs
Mumbai-based Wockhardt has struck success in its innovative research on a range of antibiotic drugs, bridging a global pipeline gap for difficult-to-treat infections. In May this year, the company secured approvals from Indian and US drug regulators for a breakthrough drug, Zaynich (cefepime + zidebactam), to treat complicated urinary tract infection, including acute pyelonephritis or severe kidney infections. Wockhardt has showcased six drugs to treat antimicrobial resistance (AMR).
India, Israel vote against Pakistan-Belarus resolution on regional arms control at UN; New Delhi explains why
India and Israel voted against a Pakistan-Belarus-sponsored resolution on conventional arms control at the UN, with New Delhi arguing that national security concerns extend beyond regional boundaries. India also questioned the need for fresh deliberations on the issue and separately opposed a reference to South Asian arms control proposals.
Adani Group to seek $1.5 billion for data center financing
Adani Group, led by Gautam Adani, is negotiating a $1.5 billion loan to finance its data center expansion. The joint venture AdaniConneX with EdgeConneX is involved in discussions with various lenders. Plans include investing around $100 billion in digital infrastructure by 2035, enhancing their energy business. Meanwhile, Reliance conglomerate is also investing significantly in artificial intelligence infrastructure.
American companies brace for a pivot as US midterm elections get underway
US midterms: Corporate America is anticipating a potential shifts in Washington's power dynamics. Analysts predict that a strong Democratic showing could benefit sectors such as clean energy, housing and healthcare. Conversely, AI and defence stocks may face increased scrutiny from lawmakers.
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