Investigations Financial News

HubSpot said on Friday it is investigating a cybersecurity incident that targeted its customers. «On June 22, we identified a security incident that involved bad actors targeting a limited number of HubSpot customers and attempting to gain unauthorized access to their accounts,» a HubSpot spokesperson told Reuters in an emailed statement.

Amazon is reviewing claims that the artificial intelligence startup Perplexity AI is scraping content — including from prominent news sites — without approval

BJP headquarters on Saturday, the Delhi Police said the party had not taken its permission to hold the demonstration. AAP called for a gherao of the BJP headquarters at 11.30 am against the arrest of Chief Minister Arvind Kejriwal in the liquor policy-linked money-laundering case. A senior police officer said arrangements were being made to stop the protesters as no permission had been taken for any protest at the BJP headquarters at DDU Marg in central Delhi. Barricades have been put up and paramilitary personnel deployed at the site, the officer said.

Microsoft's partnership with OpenAI could face an EU antitrust investigation as regulators singled out their exclusivity clauses while Google's artificial intelligence deal with Samsung also triggered scrutiny. EU antitrust regulators will seek additional third-party views, EU competition chief Margrethe Vestager said on Friday.

Boeing Co. is in talks with the US Justice Department to resolve potential charges stemming from two fatal crashes of its 737 Max jetliners, according to people familiar with the negotiations. The settlement could be announced as soon as next week and is expected to include imposing a corporate monitor on the world’s second-largest planemaker, according to the people, who asked not to be identified disclosing confidential discussions. DOJ prosecutors want to bring charges against Boeing, but it isn’t clear if the company will agree to plead guilty, the people said. The talks center on the 2021 deferred-prosecution agreement struck between Boeing and the DOJ in the waning days of the Trump Administration, after two crashes that killed 346 people. Some family members of the victims have urged the government to file criminal charges, which could help them bring lawsuits against the company.

Alaska Airlines said on Friday it has returned to Boeing the 737 MAX 9 plane that in January was involved in a mid-air door panel blowout. «They have taken possession of it and the registration has been changed,» an Alaska Airlines spokesperson said, adding an order for a new 737-10 has also been placed. Boeing has informed its suppliers there will be a delay in a key production milestone for its 737 jet family by three months, sources told Reuters' earlier this month.

Delhi Airport's Terminal 1 collapsed due to heavy rainfall, leading to an indefinite suspension of operations. Approximately 128 flights were canceled, and all activities were shifted to Terminals 2 and 3. «Flights to and from Terminal 1 have been closed till further notice,» said the aviation ministry. On average, about 200 flights of IndiGo and SpiceJet operate from T1. IndiGo has the larger share of flights. All arrivals and departures have been moved to T-2 and T-3. The shuttle service from Delhi Aerocity Metro station to Terminal 1-IGI Airport has also been suspended.

Pisces between June 30 and November 15. This period will promote thinking back on important choices made in 2024, as per the reports of 'Metro.co.uk.' Getting a second perspective and verifying the most recent information is a smart approach. A fresh piece of information could enable you to make necessary and helpful modifications because things can change quickly. Aries (March 21 to April 20) The Page of Swords, which represents Aries, denotes a quick decision taken under pressure. This decision, which most likely has to do with a kid, project, or novel concept, merits further investigation. Examine it again objectively, and dispassionately, with an emphasis on results and ramifications. Taurus (April 21 to May 21)

The former CEO of Brazilian retail giant Americanas, Miguel Gutierrez, was arrested Friday in Madrid, and stands accused of participating in a 25 billion reais ($4.5 billion) fraud scheme

The U.K. general election on July 4 is just days away now no doubt to the relief of the party leaders who have crisscrossed the country in a grueling month of campaigning

Two days after Christmas, a prominent Wall Street regulator updated a database with news of interest to the industry: A $1.4 trillion brokerage had been slapped with one of the year’s biggest fines for allegedly losing track of almost a million trades.

CBI on Friday arrested the principal and vice principal of a school in Jharkhand's Hazaribagh in connection with the NEET-UG paper leak case, officials said. Ehsanul Haque, the principal of Oasis School, was made the city coordinator of Hazaribagh for the medical entrance exam conducted by the National Testing Agency (NTA) on May 5, they said. Vice Principal Imtiaz Alam was designated as the NTA's observer and the centre coordinator at the Oasis School, officials said, adding the CBI is also questioning five more people from the district in connection with the paper leak case. The federal probe agency arrested Haque and Alam after detailed questioning, they said.

criminal laws, which will come into force on that day, official sources said. The new laws — Bharatiya Nyaya Sanhita 2023, Bharatiya Nagarik Suraksha Sanhita 2023 and Bharatiya Sakshya Adhiniyam 2023 — will come into effect from July 1. These laws are set to replace the British-era Indian Penal Code, Code of Criminal Procedure and the Indian Evidence Act respectively. Sources said coinciding with commencement of these three criminal laws, an event will be held on July 1 by the officer-in-charge of each police station in all states and Union Territories highlighting the key features of the new criminal laws. The programme at the police station or a suitable place will involve women, youth, students, senior citizens, retired police officers, eminent personalities and members of self-help groups, anganwadi centres and local peace committee and also educational institutions like schools, colleges etc, they said.

Trust Mutual Fund has filed a draft document with the Sebi for a smallcap fund. TrustMF Small Cap Fund will be an open-ended equity scheme predominantly investing in smallcap stocks. The objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity-related securities of smallcap companies. The scheme will be benchmarked against Nifty Smallcap 250 TRI. The scheme will be managed by Mihir Vora, Aakash Manghani.

Pune police chief Amitesh Kumar had a proactive role in the investigation into the Porsche crash and there was nothing to suggest that action should be taken against him. Fadnavis made the assertions during a debate on the high-profile case raised through a calling attention notice. During the debate, Leader of Opposition Vijay Wadettiwar demanded the Pune police commissioner's resignation. Conceding that there are issues of "use of money to buy justice", Fadnavis said, «This should not be allowed. We have to see how laws can be strengthened further. The issue is serious but there is no need to defame Pune police. They have taken action in the case. Erring police officials have been punished.» He said Pune Police Commissioner Amitesh Kumar had a proactive role in the probe into the accident and nothing has come up to suggest that he should face action.

Quant Mutual Fund schemes in the last 4 days ever since the Sebi investigation came into limelight. So far in the week, NAVs of 11 Quant schemes, including Quant Large Cap Fund, Quant Flexi Cap Fund, Quant Focused Fund, Quant Absolute Fund, and Quant Momentum Fund, have actually increased while there has been some impact on the returns of the remaining 16 schemes. The net asset value of two Quant schemes was up by 1% in the last four days. The NAV of Quant ESG Equity Fund and Quant Focused Fund was up by 1.16% and 1% respectively.

A massive sinkhole, stretching more than 30 metres across and approximately 15 metres deep, opened up in an Illinois park Wednesday, swallowing a light pole and several benches and leaving a huge crater in its wake.

GST fraud orchestrated across the country. Babar Khan, police said, allegedly floated fake firms based on stolen or forged ID cards to fraudulently avail input tax credit. On June 1 last year, Noida police claimed to have busted a gang suspected of orchestrating the GST fraud. The operation involved registering thousands of companies under stolen or fake identities and utilising these firms to generate e-way bills and obtain input tax credit from the govt. With the arrest of Khan, 47 people have been picked up in connection with the scam. They include residents of Delhi, Noida, Ghaziabad, Sirsa, Jaipur, Chhindwara and so on.

Boeing on Thursday it could lose its status as a party to the probe into a 737 MAX mid-air blowout after it violated rules by providing non-public information to media and speculating about possible causes. In a letter sent to Boeing CEO Dave Calhoun late on Thursday, NTSB Office of Aviation Safety Director Timothy LeBaron said an executive's comments this week during a factory tour attended by dozens of journalists «released non-public investigative information and made unsubstantiated speculations about possible causes of the Jan. 5 door plug blowout.» LeBaron said the NTSB had considered removing Boeing as a party to the probe and added further infractions could lead to Boeing losing its party status, which would bar it from participating in the investigation.

Quant Mutual Fund said the fund house has not received any 'communication' from the Securities and Exchange Board of India (Sebi) after initial inquiries. In an email communication to investors on June 27, the fund said the net redemptions from its schemes in the past three days was 1.5% of the equity assets under management of ₹88,270 crore as of June 26. Quant schemes had liquid assets, which include large-cap stocks, T-bills, G-Secs, gold, and silver, worth approximately 53.5% of their total equity AUM, the asset manager said. The regulator is probing Quant, one of the country's fastest-growing asset managers, for alleged front-running — an illegal practice of trading in stocks based on privileged information. The capital markets regulator, as part of its investigation, has conducted search and seizure operations at Quant's head office in Mumbai and at the address of the suspected beneficiaries in Hyderabad. The fund house, owned by Sandeep Tandon, confirmed the Sebi investigation without giving details.

Crypto exchange Coinbase (COIN) sued U.S. financial regulators Thursday, saying they failed to disclose information about past investigations into the cryptocurrency market and attempted to block the crypto industry from access to banking services.