Advisers Move to Calm Creditors After Rescue Loan Loses Value Advisers to First Brands sought to reassure worried creditors after the value of a $1.1 billion rescue loan took a sharp hit. They said the business has stabilized since it filed for Chapter 11 and that management is working to unlock cash tied up in … Read more
IRS uncovers $10.6 billion in financial crime amid shifting enforcement focus The Internal Revenue Service reported uncovering $10.6 billion in financial crimes, a jump of nearly 16% from the previous year. The figure highlights strong results for criminal tax and financial investigations even as the agency shifted agents to broader law enforcement priorities under the … Read more
OpenAI is preparing an “adult mode” for ChatGPT that will give verified adults more freedom in their conversations. The feature is expected to arrive in early 2026, while age verification tools are already rolling out to keep minors from accessing mature content. What is “adult mode”? The planned mode aims to let adults have less-restricted … Read more
Regulator examines whether airline breached competition norms The Competition Commission of India (CCI) is looking into whether a major low-cost carrier violated competition rules, an official confirmed. The probe will determine if the airline’s conduct harmed rivals, suppliers or passengers and whether any corrective action is needed. What the regulator is looking into Market behaviour: … Read more
Court blocks temporary stop on export production of semaglutide The Delhi High Court has denied a request to immediately stop an Indian drugmaker from producing semaglutide for export. The decision clears the way for continued manufacturing while the legal fight continues, with the matter set for further review in January. What the ruling means Semaglutide … Read more
Shares Slip After AI Sales Outlook Falls Short Shares of Broadcom fell about 4% after investors reacted to a cautious outlook for AI-related sales. The company still reported strong earnings and raised its dividend, but guidance on future AI revenue didn’t match investor expectations. Strong Results, Bigger Payouts Broadcom posted solid financial results and announced … Read more
Sensex inclusion seen as a cushion for the airline’s stock Five market analysts said the airline’s share price is unlikely to fall further once the stock joins the Sensex on 22 December. Inclusion in a major index typically brings fresh buying from index funds and higher liquidity, which can stabilise prices even after short-term shocks. … Read more
Tech giant accused of using AI to exploit studio’s visual content A major entertainment company has accused a leading search and AI company of widespread copyright infringement. The studio sent a cease-and-desist letter saying the tech firm used artificial intelligence to exploit its images and videos and then mislabeled infringing material with the tech firm’s … Read more
Luxury sandals draw criticism for echoing traditional Indian footwear Earlier in June, a prominent luxury house faced backlash after leather sandals in its Spring/Summer 2026 collection were widely compared to the traditional Indian Kolhapuri chappal. The resemblance prompted discussions about cultural appropriation, design ethics, and how global brands interpret heritage styles. Why the issue matters … Read more
Parliamentary panel pushes for joint diplomacy on oil ties The parliamentary committee on public undertakings has urged the petroleum ministry to work closely with the external affairs ministry to strengthen diplomatic relations with oil-producing countries. The goal is to tackle persistent regulatory and taxation challenges that affect energy supplies and investment. What the committee recommended … Read more