OVERSIGHT BOARD
White House Ballroom investigation row: Nvidia CEO Jensen Huang, who is facing scrutiny over alleged Chinese spy links, was among donors. Check list
US Attorney Aaron Reitz issued a letter to Senator Richard Blumenthal regarding potential document preservation. The letter claimed Blumenthal intimidated citizens associated with President Trump and challenged their constitutional rights. Reitz demanded all relevant documents be maintained, citing federal law violations. Meanwhile, Blumenthal affirmed his commitment to investigating taxpayer dollar misuse under the Trump Administration. The controversy includes substantial donations from major corporations to the construction of Trump's ballroom.
'National security' fears raised in US Congress as 'Spy scandal' puts Nvidia CEO Jensen Huang's position under scrutiny
Nvidia CEO Jensen Huang is facing mounting pressure from US lawmakers amid allegations of an affair with a woman suspected of having links to Chinese intelligence. Congressman Jamie Raskin said Congress is concerned about whether the alleged relationship compromised US national security, particularly amid scrutiny of Huang's lobbying efforts to ease restrictions on AI chip sales to China.
Wachtell, Nvidia's pick for Huang probe, built reputation in boardroom battles
The investigation will be led by Joon Kim, a former top federal prosecutor who joined Wachtell last month from a rival firm. Kim was second-in-command under former Manhattan US Attorney Preet Bharara during Democratic US President Barack Obama's administration.
Global watchdog urges Turkey to strengthen crypto rules
But it said further action was needed to improve alignment with the FSB's global recommendations and address the risks of a largely retail investor-driven sector that saw nearly $200 billion worth of transactions last year, according to the review.
IIFL Finance shares rally 5% as Blackstone leads Rs 6,414 crore capital infusion
IIFL Finance shares surged on Wednesday after the company announced a Rs 6,414 crore capital infusion led by Blackstone, which will invest Rs 5,000 crore. The fundraise, also involving promoter investments and Anchorage Capital, aims to strengthen capital adequacy, lower funding costs and accelerate growth in secured lending.
'I really believe him': Trump backs Nvidia CEO Jensen Huang amid China spy scandal, $7.5 billion chip shipment claims and lawsuit
Donald Trump has publicly supported Nvidia CEO Jensen Huang, who faces scrutiny over alleged connections to Chinese intelligence. Lawmakers from both political parties have raised concerns about national security implications related to Nvidia's technology exports. Nvidia's board is investigating the allegations while Huang faces shareholder lawsuits regarding disclosure failures. The controversy has affected Nvidia's stock value and prompted discussions on future semiconductor export policies.
Anthropic eyes $1.4 trillion valuation in blockbuster IPO, targets up to $90.4 billion in fundraising
Anthropic is targeting a fully diluted $1.4 trillion valuation through its proposed IPO, seeking up to $64.35 billion. Combined with a $26 billion private placement, fundraising could reach $90.4 billion amid rising infrastructure costs and competition.
Nvidia's clubby board faces a sticky 'honey pot' test
Nvidia's CEO Jensen Huang is under investigation after allegations of an affair with a suspected Chinese spy. The company's board of directors is facing scrutiny regarding its independence to investigate the CEO's conduct. American national security concerns are heightened due to Huang's close ties with political figures, including Donald Trump. Nvidia's advanced semiconductor technology is critical in the competitive AI landscape.
Anthropic's IPO: A close look at AI frontrunner's rapid growth, spiraling costs
Anthropic aims to raise up to $64.4 billion in an upcoming IPO, representing a significant market debut. The company plans a valuation of up to $1.02 trillion, showcasing its ambitions in AI. Founded by former OpenAI researchers, Anthropic's revenue has rapidly surged with enterprise adoption of its AI models. While facing substantial operating losses, the company remains committed to its substantial infrastructure investments.
IIFL Finance to raise Rs 6,414 crore through preferential issue; Blackstone to invest Rs 5,000 crore
IIFL Finance approved a Rs 6,414 crore capital raise led by Blackstone, which will invest Rs 5,000 crore for an approximately 16% stake. Promoters Nirmal Jain and R Venkataraman will collectively invest Rs 1,264 crore through warrants.
Nvidia's Jensen Huang should have known better
Nvidia's CEO Jensen Huang has faced scrutiny after admitting to an extramarital affair with a suspected spy. This revelation has raised major concerns about corporate governance and his leadership. While the company's board has initiated an investigation into the matter, questions about its oversight remain. Huang's relationship has implications for both Nvidia's operations and national security.
Jensen Huang row gives US lawmakers fresh ammo on chip controls
Members of the US Congress have urged for for tighter congressional oversight of advanced chip exports to China and legislations mandating companies to track chips to tackle smuggling.
Need for rules comes to fore as India corporate landscape clutters up with family feuds
India's corporate landscape is witnessing a surge in family disputes that threaten the very foundation of long-established businesses. Following the exit or passing of key patriarchs, internal discord often erupts, underscoring the critical requirement for legislative mechanisms that favour transparent succession planning.
Alice in Nvidia CEO's secret world: Jensen Huang's personal affair matters far beyond than what meets the eye
Concerns about national security have emerged regarding Nvidia CEO Jensen Huang and a Chinese businesswoman, Alice Huang. US intelligence suggests Alice may have gathered information for Beijing after forming a close relationship with Jensen. Nvidia's advanced processors play a crucial role in AI and military applications, making them strategically significant in US-China relations. Congressional inquiries are seeking clarity on Nvidia's security protocols regarding foreign espionage risks.
Rising debt, non-bank finance may limit ECB policy flexibility, says Schnabel
Rising public debt and growing non-bank financial institutions could constrain the European Central Bank's ability to manage inflation, ECB board member Isabel Schnabel warned. She flagged risks from leveraged investors, market volatility and deteriorating public finances, urging stronger oversight of non-bank lenders and warning that financial stress could force central bank interventions, potentially undermining monetary policy independence and complicating economic stability.
Global Market Today: Asian stocks rise as oil slides after US midterm elections
Benchmark indexes rose in Japan and Australia, pushing the MSCI Asia Pacific Index up by 0.3%. That was after the S&P 500 Index jumped 1.6%, its biggest gain in three months, and the tech-heavy Nasdaq 100 climbed 0.9%. South Korea was the outlier, with the Kospi Index dropping 2.7%, reflecting investor concerns over the future of data-center development and losses in US chip stocks.
Herjit Bhalla joins Dabur board as CEO Mohit Malhotra steps down
Dabur India has announced a leadership transition, with Global CEO and Whole-time Director Mohit Malhotra resigning from his positions effective November 13, 2026, after more than three decades with the company. Malhotra is set to take up a leadership role overseas. Dabur has appointed India business CEO Herjit Singh Bhalla as Additional Director and Whole-time Director for five years, effective November 14, subject to regulatory approvals.
Telcos to face up to Rs 20 lakh fine per quarter per circle for complaint redressal lapses
Telecom Regulatory Authority of India has introduced new rules for telecom operators and internet providers to enhance complaint redressal. These providers will face penalties up to Rs 20 lakh if they fail to resolve consumer complaints quickly. The rules require complaint centres to operate 24 hours with human representatives available for assistance. Consumers will now have a shorter time frame of 15 days to appeal complaint resolutions.
US midterm elections: Key Senate, House races investors are tracking
This year's U.S. midterm elections are anticipated to influence important policies in the financial sector. Key Senate races include Sherrod Brown and Jon Husted in Ohio, indicative of cryptocurrency regulation. Additionally, gubernatorial elections in states like Texas and Georgia will shape artificial intelligence infrastructure investment.
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