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Prime Minister Justin Trudeau says the amount of military aid NATO allies have been shipping to Ukraine to help its fight against Russia’s invasion means “everyone is in big trouble” with military supplies.

Ola Electric filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on December 22. The proposed issue includes a fresh equity share release of up to ₹5,500 crore and an offer for sale (OFS) of 95,191,195 equity shares at a face value of ₹10. Bhavish Aggarwal, the founder of Ola Electric, is set to sell around 47.4 million shares in the SoftBank Group-backed e-scooter maker.

Su-34 fighter-bomber aircraft on Friday on the southern front, hailing it as a success in the 22-month-old war. The Russian military made no mention of the incident. But Russian bloggers acknowledged the loss, and analysts suggested U.S.-supplied Patriot missiles had probably been used. Reuters could not independently confirm the reports. «Today at noon in the southern sector — minus three Russian Su-34 fighter-bombers!» Ukrainian Air Force Commander Mykola Oleshchuk wrote on the Telegram messaging app. Air Force spokesperson Yuri Ihnat described it on national television as a «brilliantly planned operation.» «There haven't been Su-34s for some time in our positive statistics,» he said, citing the model as one of Russia's most modern aircraft for bombing and other assaults. Zelenskiy in his nightly video address praised the Odesa region anti-aircraft unit for downing the planes in Kherson region. The region was occupied in the first days of Moscow's February 2022 invasion.

₹29.2 crore nett in the domestic market on Day 1. The Bollywood movie, which deals with the theme of illegal immigration and homecoming, is expected to earn ₹20 crore nett on Day 2. So, after two days, the estimated business is of ₹49.2 crore nett.

Ola Electric, is set to sell around 47.4 million shares in the SoftBank Group-backed e-scooter maker, as per the company's preliminary draft papers filed with SEBI on December 22. The proposed issue includes a fresh equity share release of up to ₹5,500 crore and an offer for sale (OFS) of 95,191,195 equity shares at a face value of ₹10.

SIM swappers are beginning to target crypto influencers ahead of the holidays, with some taking control of their high-profile accounts on X.

Argentina’s newly elected leader, Javier Miliei, has struck down forced legal tender laws forcing Argentinians to settle debt obligations in specific currencies, enabling use of alternatives like USD and Bitcoin (BTC).

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BJP lost 16 of the 80 seats in UP in the 2019 Lok Sabha elections — the party won 62 on its own and its ally, Apna Dal, got two. In the 2024 polls, it is aiming for a clean sweep and to achieve this, it has adopted a 'NaMo' formula. BJP sources told ET that the party is targeting to add 20 million youth on the NaMo app. They will be contacted with the development agenda of the Modi government and BJP, and will be asked to spread the message on the ground.

Joe Biden on Friday signed an executive order threatening penalties for financial institutions that help Russia circumvent sanctions, the White House said in a statement, as Washington seeks to increase pressure on Moscow. The order also gives Washington the ability to broaden import bans of certain Russian goods, such as seafood and diamonds, the White House said.

Mint’s queries till press time. Furthermore, the two countries are now exploring opportunities in Asia, expanding their focus beyond Latin America and Africa.

Arion Kurtaj, an 18-year-old British hacker from Oxford, has been handed an indefinite hospital order for his involvement in stealing 90 clips from the highly anticipated Grand Theft Auto 6 game. The BBC reports that Kurtaj, diagnosed with autism, played a pivotal role in the notorious cybercrime group Lapsus$, known for targeting tech giants such as Uber and Nvidia, resulting in significant financial losses.

By Savyata Mishra and Aishwarya Venugopal

JPMorgan initiated coverage of Altair (ALTR) with an Overweight rating and $86 per share price target in a note to clients Friday. The firm cited the company's free cash flow and potential upside as reasons for the bullish rating.

MUMBAI: The Reserve Bank of India’s rate-setting committee expressed concerns about a possible resurgence in food inflation ahead, minutes of the panel’s 6-8 December meeting showed. The unease prompted the Monetary Policy Committee’s (MPC) six members to keep interest rates steady in a unanimous decision. This is the fifth consecutive time that the repo rate, which was last raised by 25 bps to 6.5% at the meeting of February 2023, has remained at that level.

₹7 trillion worth of bad debt in five years between 2019 and 2023. Also, against ₹6.5 trillion worth of stuck assets, ₹ 94,000 crore or a mere 15% was recovered in 2023, with more than half of the recovered amount coming through the IBC route. The finance ministry’s concerns on rising cases of pendency under IBC comes after the Reserve Bank of India batted for early settlement of bad loans and also recently directed banks to tighten their lending norms and avoid any form of exuberance to make lending sustainable and prevent built up NPAs.

Farooq Abdullah on Friday said if armed forces are removed from the Kashmir Valley stone pelting will resume and he will be among the primary targets. The former chief minister of the erstwhile state of Jammu and Kashmir reiterated that abrogation of Article 370 has not changed anything on the ground and if one tourist is killed in Kashmir, nobody will visit the region. «Outside every home in Kashmir there is a soldier with a modern weapon. Do you think they (people) will come out to die? You will see when this weapon is removed how stone pelting will resume.

By Lucia Mutikani

By Johann M Cherian and Shristi Achar A