THIRD PARTIES INVOLVEMENT
Motilal Oswal initiates coverage on Himadri Speciality Chemical with Buy rating, pegs 39% upside
Motilal Oswal has initiated coverage on Himadri Speciality Chemical with a Buy rating and a target price of Rs 780, implying 38.7% upside. The brokerage sees strong growth potential from the company's expansion into lithium-ion battery materials, speciality carbon products and tyre manufacturing through its Birla Tyres acquisition.
Amazon Prime Refund: $3 million for customers after lawsuit alleges company made subscription cancellations complicated; also pledges $1.5 million for consumer protection
Amazon Prime Refund: Amazon has agreed to pay $3 million to eligible Prime customers in Arizona to settle allegations that its six-step membership cancellation process made it difficult for subscribers to end their memberships. The company will also contribute $1.5 million towards consumer protection, pay $1.5 million in legal expenses and donate $1 million to food charities. Amazon has denied wrongdoing.
NSUI's Anas Khan suspended after allegedly offering money to female freshers for Diljit Dosanjh concert trip
Ramanujan College has suspended Anas Khan until February 2027, while NSUI says it had expelled him from the organisation in September over alleged indiscipline. The controversy has also prompted ABVP to seek a time-bound probe into alleged WhatsApp messages involving female freshers. The claims against Khan remain unproven.
These 7 private and public banking stocks have an upside of up to 20% in one year, according to analyst
When FPI money returns, there are two parts of the market that tend to draw it first: Financial services broadly, and banks within it. So the very thing that worked against these stocks when the FPIs were selling has started to work for them now that the foreigners are buying. Monday saw the first clear sign of it.
Front-of-pack labelling: Food CEOs rush taste tweaks as new rules loom
Packaged food companies in India are responding to regulatory pressures by introducing no-added-sugar and low-salt alternatives. Executives recognize the challenge of maintaining taste while making these healthier options. The Food Safety and Standards Authority of India plans a major change in food packaging regulations. These changes could significantly impact the sale of everyday packaged products. Companies will likely expand their product variants to meet health demands.
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.
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Nvidia controversy stokes export scrutiny risks for South Korean chipmakers
Samsung Electronics and SK hynix could experience greater export compliance challenges due to Nvidia's scrutiny over AI chips. US authorities have not announced new regulations yet, but potential measures might emerge. Chief Executive Jensen Huang's personal matters have spurred investigations into Nvidia's business dealings. A closed-door inquiry is scheduled to review security frameworks and contacts with foreign entities.
Under attack, banks bolster cyber covers, opt for higher sum assured to protect against hits
For large financial institutions, the biggest impact often is the loss arising from systems remaining unavailable after an attack, rather than the immediate cost of the breach. Besides business interruption, ransomware, data theft, cyber extortion and third-party liabilities are among the key risks.
HSBC India arm leases 1.2 lakh sq ft office space in Bengaluru
HSBC's India division has secured a long-term sub-lease for more than 120,000 square feet of office space. This transaction is located in the commercial tower Ecospace Campus 1C on Outer Ring Road, Bengaluru. The lease includes a financial commitment of approximately Rs 191.84 crore over an initial five years. Following the lease terms, there is an option for a five-year extension at the same rate.
Trump shows off MAGA-style 'Veto' hat after Democrats sweep midterm elections: What are the president's veto powers?
President Donald Trump highlighted his veto authority during a recent meeting in the Oval Office. Following the Democratic Party's major gains in the midterm elections, Trump expressed readiness to block their legislative agenda. He stressed that despite the Democratic wins, they were not in complete control. Trump had vetoed ten pieces of legislation in his first term with a high success rate.
India, Nepal reaffirm commitment to all-round enhancement of partnership as FS Misri meets PM Shah
India and Nepal have reaffirmed their commitment to strengthening bilateral ties as Foreign Secretary Vikram Misri met Prime Minister Balendra Shah in Kathmandu ahead of his expected visit to Delhi later this month. Discussions covered trade, energy, connectivity, sports and new areas of cooperation, including AI and digital connectivity.
Did Vance just fire first salvo at Trump? The Republican inheritance war may have begun
US midterm election results: Trump & Co's defeat at the midterms has not just changed the balance of power in Washington. It has also exposed the fault lines of a party structure built solely around a single celebrity politician.
Democrats score Georgia governor's win as Trump unpopularity reshapes midterm contests
Democrats captured Georgia's governor's office for the first time since 1998 in the midterm elections. Keisha Lance Bottoms defeated Republican Rich Jackson, marking a historic win. Meanwhile, Republicans retained their hold in Florida as Byron Donalds won the gubernatorial race. Other closely watched contests were reported in Texas and Ohio, with vote counting still ongoing. The outcomes of these elections could significantly impact future political dynamics in the United States.
Democrats set to take control of Congress: Which Trump records could they seek first, and which other Republicans could face scrutiny?
The midterm results put Democrats in line to control both chambers of Congress. Some of their first oversight fights could begin with questions lawmakers have already asked. Four potential inquiries show where the pressure could build and how far Congress can go.
He lost the governor’s primary, then got picked as a last-minute replacement with 566 of 571 votes; 100 days later Troy Jackson unseated Susan Collins
Troy Jackson's political journey took an unexpected turn when he received the Democratic Senate nomination. After Graham Platner withdrew due to a serious allegation, Jackson became the leading candidate. He won the nomination with overwhelming support at the special convention. Subsequently, Jackson campaigned and defeated longtime Republican Senator Susan Collins in the general election.
America's political house has changed hands: 5 things that could look very different in Washington after Democrats' midterm victory
The outcome of the 2026 midterm elections grants Democrats control of Congress, posing challenges for Presidential initiatives. Legislative proposals, appointments, and spending measures will now face intense scrutiny and negotiation. Congressional investigations into the Trump administration may increase as part of the new agenda. Republicans will reassess their strategies following losses in traditionally conservative states. The shift to a divided government will shape political dynamics moving forward.
Red Notice subject accused of sexual assault extradited from UAE: CBI
CBI successfully coordinated the extradition of Sajeer Palli Mooppam, a suspect wanted for sexual assault. He was found in the UAE following a Red Corner Notice published at the Delhi Police's request. The assault involved administering drugs to incapacitate a 20-year-old woman before subjecting her to violence. After being arrested, he was extradited to India through legal processes.
Democrats win House and Senate: Trump impeachment odds surge after midterm elections - could he face a third impeachment in 2027?
Midterm elections results Senate: Donald Trump could face a third impeachment after Democrats won control of both chambers of Congress in the November 3 midterm elections. Prediction-market odds of impeachment surged following the results, while Republican Senator Ted Cruz warned of investigations and repeated impeachment efforts.
Trump Midterm Election: The verdict explained as America's two-year performance review of its president. Top points to note and questions answered
Midterm elections offer voters a chance to review the president's performance and legislative agenda. In 2026, Americans voted to elect all House representatives and select a portion of Senate members. With Democrats gaining control of both chambers, President Donald Trump faces a challenging legislative environment. The opposition can block proposals, investigate the administration, and scrutinize decisions made. However, the president retains veto power and executive authority throughout this period.
How Trump and Republicans lost the 2026 midterm elections, according to The AP Voter Poll
Voters are showing signs of exhaustion towards Donald Trump, affecting Republican candidates' performances in recent elections. Many voters are dissatisfied with the Republican Party's handling of inflation and government corruption issues. Trump's endorsements of candidates perceived as flawed also contributed to the Republican losses during the elections. Voters are demanding more accountability and oversight from Congress, seeking necessary changes in representation.
US midterm election results: What happens next as Democrats take over of Congress
With Democrats now in control of both chambers of Congress, they are gearing up for a strategic offensive against Donald Trump. Their newfound Senate majority gives them the power to challenge Trump's nominees and shape important legislation, promising a dynamic political landscape ahead.
Sebi imposes Rs 40 lakh penalty on two brokers in Axis Mutual Fund front-running case
Securities and Exchange Board of India has imposed penalties on two stockbroking firms over regulatory violations. Woodstock Broking and Marfatia Stock Broking allowed unauthorized access to their trading terminals. This access facilitated front-running trades by Prijesh Kurani, who operated from Dubai. The investigation revealed insider information was shared regarding Axis Mutual Fund's trades. The regulatory body emphasized the importance of stringent controls over terminal access and trading infrastructure.
After Election Day, Trump stares down the specter of Democratic probes and the race to succeed him
The 2026 US midterm elections could shape the final two years of President Donald Trump's term, with a Republican loss of control of Congress potentially exposing his administration to investigations, legislative challenges and another impeachment push. Democrats have indicated plans to investigate Trump's policies, immigration enforcement, family business dealings and the administration's handling of the Jeffrey Epstein case.
From SBI to Binance, how financial institutions are becoming cyberattack targets
Recent incidents involving cryptocurrency exchange Binance and Indian public sector lender State Bank of India (SBI) have once again put the spotlight on the issue. While Binance reported a security breach involving unauthorised cryptocurrency withdrawals estimated at around $6.3 billion, SBI is investigating a suspected data leak involving nearly 3,900 customer records.
Cyberattacks on banks, including AU Small Finance Bank, worry insurers as claim risks rise
Cyberattacks targeting financial institutions have raised concerns about security vulnerabilities and potential losses. AU Small Finance Bank is investigating a possible data breach involving customer information stored on Salesforce. Insurers have recently reported an increase in cyber incidents affecting banks and manufacturers over the past few months. The extent of these breaches and the impacted customer count are still under investigation.
AU Small Finance Bank hit by a likely breach of 'limited' data
The lender is investigating a potential breach of "limited data" pertaining to its vehicle-loan customers. The data was hosted on a third-party software platform operated by Salesforce.
Cathay Pacific reports personal data security incident involving Amadeus IT
Cathay Pacific Airways has reported a data security incident linked to a third-party service provider. The incident reportedly affected around 53,000 bookings associated with the airline, due to unauthorized access to Amadeus' systems. Personal information such as booking references, passenger names, and flight details were accessed during the breach. However, investigations continue, and there is no evidence of access to financial or payment information.
Polymarket paused international trading after a security issue involving a third-party provider
Trading was paused for about an hour and resumed Thursday afternoon. The company has promised to fully reimburse any affected traders.
Health insurers seek expense cap tweaks
Standalone health insurers have requested that mandatory insurance products be excluded from expense-of-management calculations. They argue that including these products creates an imbalance for their business model. The Insurance Regulatory and Development Authority of India is considering changes to EoM regulations and limits. Insurers believe that the exclusion would help provide a more equitable competitive landscape. The proposed changes aim to revise expense calculation methods and set product-wise commission caps.
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