Court Orders Forensic Audit in Daiichi-Fortis Case; No Penalty on IHH
Indian court orders forensic audit into Fortis promoter shareholding dissipation and IHH's acquisition; no penalty imposed.
Business
Gold Holds Steady as Markets Eye US Jobs Data, Iran Tensions
Gold prices stabilised on Tuesday as investors weighed Middle East tensions against upcoming US jobs data that could influence Federal Reserve policy.
Rural banks see sharp rise in new-hire exits; Nagaland RRB loses all fresh officers
Newly recruited staff at regional rural banks are quitting at record rates, with Nagaland Rural Bank losing all new officers. The finance ministry is reviewing retention strategies.
Shein's Hong Kong Debut Opens Flat After Valuation Slumps to $26.5 Billion
Shein's shares opened flat on its Hong Kong debut, with the IPO valuing the firm at $26.5 billion, down from $100 billion in 2022.
AUSTRAC Launches Probe Into Western Union's Anti-Money Laundering Systems
Australia's AUSTRAC is investigating Western Union and its local unit over anti-money laundering and counter-terrorism financing compliance.
Asia's refined fuel imports hit post-war low as Iran crisis deepens
Asia's refined fuel imports dropped to a post-war low in August, with Middle East supply losses and constrained shipping compounding the crisis.
SEC Demands Proof From Investment Firms on Startup Share Access
SEC is asking registered investment advisers to verify that their SPVs actually hold or have access to shares in private startups they claim to offer.
NCLT forms first five-member bench to hear Subhash Chandra insolvency case
NCLT constitutes its first five-member bench to adjudicate Subhash Chandra's personal insolvency case involving claims over ₹22,000 crore.
Japan's Corporate Capital Spending Up 1.6% in April-June Quarter
Japan's corporate capex rose 1.6% year-on-year in Q2, with sales and profits also up, bolstering the case for a BOJ rate hike.
Colombian oil service firms move into Venezuela as deals near
Colombian oil service firms are entering Venezuela to support new exploration and production deals, a trade group said.
California, Writers Guild Oppose Paramount's $1.88 Billion Bond Request
California and 11 states join the Writers Guild in opposing Paramount's $1.88 billion bond request, citing voluntary delay terms.
Samsung Biologics Sets September Timeline for PolyPeptide Takeover
Samsung Biologics will launch its CHF 1.46 billion takeover offer for PolyPeptide Group in September, with the Swiss firm's board recommending acceptance.
Tata Advanced Systems, Javelin JV Sign Pact for Missile Co-Production in India
Tata Advanced Systems and the Javelin Joint Venture (Raytheon-Lockheed Martin) will co-produce Javelin missiles in India, with final assembly and integration planned locally.
Asia's Diesel Shipments to Africa Surge as Middle East Supply Falters
Asia's diesel exports to Africa hit a 4.5-year high in August as Middle East shipments fell to a nine-year low amid shipping disruptions.
China, Hong Kong Stocks Slip on Weak Data and Property Overhaul
Chinese and Hong Kong equities fell Monday as weak economic data and new property presale rules weighed on markets.
Indian Bonds Slump as Fed Rate Hike Bets and Oil Prices Weigh
Indian government bonds fell on Monday, with the benchmark yield at a near three-month high, driven by hawkish Fed signals and surging oil prices.
Indian Shares Slip as Oil Prices, Fed Rate Worries Weigh
Indian markets fell on Monday as crude prices rose and US rate hike fears persisted, with HDFC Bank's gains offsetting broader losses.
Japan's Industrial Output Rises for Fourth Straight Quarter on Chip Demand
Japan's factory output rose for a fourth straight quarter in July, beating forecasts, led by semiconductor equipment and chemicals.
HDFC Bank CEO's Exit Seen as Chance for Fresh Start
HDFC Bank shares rose as analysts called CEO Sashidhar Jagdishan's decision to not seek a third term a positive reset.
Soitec locks in AI wafer clients with multi-year contracts as demand surges
Soitec signs multi-year wafer supply deals with deposits and fixed pricing as AI-driven silicon photonics demand surges.