Security Financial News

Olivia Nuzzi, RFK Jr.'s «digital» mistress, dropped her claims against her ex, Ryan Lizza, in their ongoing legal battle. The accusations, which included blackmail, device hacking, and threats of violence, were withdrawn after Nuzzi faced pressure from evidence her ex’s legal team presented.

Securities and Exchange Commission Chairman Gary Gensler spoke this morning at the Practising Law Institute's 56th annual conference on securities regulation. 

Elon Musk to US President- elect Donald Trump has eventually sparked discontent among members of the US President-elect's inner circle, according to Page Six. Elon Musk has eventually become a frequent presence at the Mar-a-Lago while participating in significant discussions which include calls with international leaders like Turkey's Recep Tayyip Erdogan and Ukraine's Volodymyr Zelensky. Page Six reported that this new bond has reportedly made many of Donald Trump's traditional advisors feel actually sidelined while insiders also noted that his inner circle is shrinking as he spends more time with Elon Musk and other selective individuals like Howard Lutnick who is the co-chair of his transition team. Also Read: Did a bakery refuse Whoopi Goldberg's birthday dessert order because of her political views? Here's the truth

Mahesh Khichi of the Aam Aadmi Party (AAP) was elected as the new mayor of the national capital on Thursday, edging out BJP’s Kishan Lal by a razor-thin margin of just three votes. Khichi, a Dalit candidate, received 133 votes, while Lal secured 130 votes. Two votes were declared invalid during the process. The win marks a major boost for the ruling AAP ahead of the Delhi Assembly elections, scheduled for early next year. Khichi’s victory strengthens the party's position in the city’s political landscape, further consolidating AAP’s control over municipal affairs.

Logistics aggregator Shiprocket and air cargo handling company Cargo Service Centre (CSC) have been selected by the government on a pilot basis to set up ecommerce export hubs in the country, a senior official said on Thursday. The ecommerce export hubs (EECH) will come in and around Delhi airport and begin operations in February next year, Director General of Foreign Trade Santosh Kumar Sarangi told reporters here. While Shiprocket is headquartered in Gurugram, the CSC is Mumbai-based.

1 According to the records, 1 in 7 of all diabetics in the world currently are from India.2 It is anticipated that by 2045, 134 million people will be affected by diabetes.3 Diabetes is usually split into type 1 and type 2. Type 1 diabetes is becoming more common, yet it is still not widespread in India. On the other hand type 2 diabetes (T2D) affects 90–95% of diabetics in India.1

Subscribe to enjoy similar stories. Donald Trump’s election has unleashed big hopes in the market for dealmaking, regulatory easing and private credit. Together, all that would put some extra shine on Goldman Sachs.

ePlane Company, incubated at IIT-Madras and aiming to become one of the main players in India’s electric vertical takeoff and landing (eVTOL) mobility sector, on Friday announced the closure of a $14 million funding round. With this funding, ePlane is poised to become the largest-funded eVTOL player in India, the company said in a statement. Founder of the startup and IIT-Madras aerospace engineering professor Satya Chakravarthy told ET that the government's support and announcement of certification standards have helped strengthen investor confidence. “Among the new investors, we can clearly see that their conviction about air taxis is much stronger compared to their interest in just commercialising drones,” he said. The Series B round was co-led by Speciale Invest and Antares Ventures, with continued participation from Micelio Mobility, Naval Ravikant, Java Capital, Samarthya Investment Advisors, Redstart (from Naukri), and Anicut.

Portfolio management firm Unifi Capital on Thursday received the final approval from the Securities and Exchange Board of India (Sebi) to start its mutual fund operations through its unit, Unifi Asset Management Pvt Ltd. The approval from Sebi would allow Unifi Asset Management to leverage its extensive experience in the investment space to offer tailored mutual fund solutions to investors, the company said in its filing, adding that it has assembled a team to lead the mutual fund’s operations, blending in-house expertise with strategic external hires. Saravanan Viswanathan, Chief Investment Officer at Unifi Mutual Fund, emphasized that the firm’s focus on absolute risk-adjusted returns, rather than market sentiment and momentum, would drive consistent performance.

Hynniewtrep National Liberation Council (HNLC) was on Thursday declared banned by the government for five years for its involvement in violent incidents and for carrying out activities prejudicial to India's sovereignty and integrity. In a notification, the Union Home Ministry said the Central government is of the opinion that the HNLC has declared objective for secession of areas in the Meghalaya, largely inhabited by Khasi and Jaintia tribes, and continued intimidation and bullying of the civilian population to extort funds for their organisation. It said the group is also maintaining links with other insurgent groups of the northeastern region for carrying out extortion and intimidation and indulging in 48 criminal cases, including that of explosion or planting of explosives in Meghalaya, from November 2019 to June 2024. During this period, 73 cadres of the outfit were also arrested by the security forces.

An insurance magnate who was once a big political donor in North Carolina has pleaded guilty related to what prosecutors call a $2 billion scheme to defraud insurance regulators, policyholders and others

The Supreme Court seems likely to keep alive a class-action lawsuit accusing Nvidia of misleading investors about its dependence on selling computer chips for the mining of volatile cryptocurrency

If you’re tired of memorizing passwords, then give passkeys a try

Reliance Power, asking why it should not initiate criminal proceedings after a subsidiary of the power producer submitted fake documents for a bid, according to a notice dated Wednesday. Last week, Solar Energy Corporation of India Ltd (SECI) barred the power firm from participating in its clean energy project tenders for three years after it found that a unit of the company had submitted a fake endorsement of a foreign bank guarantee. SECI said on Wednesday that the bank guarantee submitted by the unit, Reliance NU BESS, was also fake.

Subscribe to enjoy similar stories. President-elect Donald Trump has styled himself a master dealmaker who can leverage his warm relationship with Russian President Vladimir Putin to end the war in Ukraine, cool tensions between the world’s biggest nuclear powers and realign global politics. But that can-do image is at odds with the two leaders’ records and the new geopolitical reality.

security of the nation. The agricultural sector, which supports over 50% of India’s workforce, is especially vulnerable to land degradation.

Subscribe to enjoy similar stories. IPO activity in India has hit a new peak this calendar year, with the total issue size amounting to ₹1.38 trillion – the highest in a decade, surpassing the previous peak of ₹1.31 trillion in 2021.

Marc Miller on Wednesday said “the age of unlimited supply of cheap foreign labour is over,” and that employers may need to offer higher wages to attract more Canadian workers.Speaking to reporters after addressing the Greater Vancouver Board of Trade, Miller also suggested the federal government may be looking at boosting enforcement resources to crack down on irregular migrants who don’t leave Canada, and addressed the need for mutual enforcement of the Safe Third Country Agreement with the U.S.Miller said it’s important to address what is sometimes a “very disproportionate relationship between employers and employees” when it comes to low-cost temporary foreign workers.“There are exploitative relationships that exist, and we need to crack down on them.

neutral call on Vedanta with a target price of Rs 520. The current market price of Vedanta is Rs 439.25. Vedanta Lt, incorporated in 1965, is a Large Cap company with a market cap of Rs 170453.82 crore, operating in Diversified sector. Vedanta's key products/revenue segments include Aluminium, Copper Cathodes, Oils, Iron Ore, Pig iron, Others, Other Operating Revenue, Power, Metallurgical Coke, Export Incentives, Scrap for the year ending 31-Mar-2024.

HDFC Securities has a buy call on Jyothy Labs with a target price of Rs 600. The current market price of Jyothy Labs is Rs 424.65. Jyothy Labs, incorporated in 1992, is a Mid Cap company with a market cap of Rs 15687.15 crore, operating in FMCG sector. Jyothy Labs' key products/revenue segments include Personal Care, Sale of services and Scrap for the year ending 31-Mar-2024.

Donald Trump has appointed former Democratic Representative Tulsi Gabbard to be the next director of national intelligence, according to an AP report. This role sits at the top of the nation’s intelligence agencies and serves as the president’s main intelligence adviser. As per an AP report, Gabbard, who has over two decades of military experience, doesn’t have the traditional intelligence background of past directors. After leaving the Democratic Party in 2022, she endorsed Trump earlier this year, gaining popularity among his base. Here’s a closer look at Gabbard: