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Prudential Life Faces 3-Month Sales Suspension Over ¥3.1B Fraud Scandal
Japan’s FSA orders Prudential Life to suspend new insurance sales for 3+ months after employees defrauded 500 customers of ¥3.1 billion over 35 years. Parent company also faces improvement order.
Shell Greenlights $33B LNG Canada Phase 2, Doubling Export Capacity to 28 Mtpa
Shell approves $33 billion LNG Canada Phase 2 expansion on September 29, doubling facility capacity to 28 mtpa by early 2030s. Meyka grades SHEL as A-rated Buy with 12-month forecast at $91.95.
HDFC Bank Shares Hit 52-Week Low as Jagdishan Steps Down in October
HDFC Bank CEO Sashidhar Jagdishan steps down in October 2026. Shares hit 52-week low of ₹704.15. Deputy MD Kaizad Bharucha leads internal succession race. Meyka rates stock B+.
Apollo Tyres Shares in Focus: Warburg Pincus Arm Offloads 4.25% Stake in ₹1,175 Crore Deal
Apollo Tyres shares stayed in focus Friday, August 28, 2026, after Warburg Pincus offloaded a 4.25% stake through block deals. NSE data confirmed the private equity major sold shares worth ₹1,174.93 crore on Thursday, August 27. The stock rose 1.7% to an intraday high of ₹450.80, up from Thursday’s close of ₹443.25. Institutional investors including…
Milky Mist IPO: Shares Jump 30% on India Debut, Valuation Hits $1.46 Billion After ₹140 Issue Price
Milky Mist Dairy Food shares surged nearly 30% on their India stock market debut Tuesday, August 18, 2026. The stock listed at ₹165 on the NSE and BSE, an 18% premium over its ₹140 issue price. Shares later touched an intraday high of ₹181.50, pushing gains to 29.64%. That rally lifted Milky Mist’s market capitalization…
Lalithaa Jewellery Mart IPO Opens at ₹190 to ₹201 Price Band; GMP at 15% as ₹1,700 Crore Issue Hits Market
Lalithaa Jewellery Mart IPO opened for subscription on August 17, 2026, with a ₹190 to ₹201 price band for its ₹1,700 crore issue. Investor interest is already picking up, with the latest grey market premium (GMP) at around ₹30. This points to a potential 15% listing gain at the upper price band. The IPO comes…
Goodwin Mulls Sale of Defence Engineering Division Supplying Submarine and Warship Components
On August 7, 2026, British engineering company Goodwin confirmed it is reviewing options for its defence engineering division, including the possible sale of a substantial part of the business. The division supplies critical components for UK and U.S. submarines and warships, making the announcement one of the most closely watched developments in the defence sector….
Holidays Disrupted as 11 UK Travel Companies Collapse in Recent Months
UK travel firms have collapsed at an alarming rate in 2026. Since January, 11 operators have entered liquidation or ceased trading, according to industry reports. The wave spans coach tours, cruise specialists, and flight-and-hotel package providers. Thousands of holidaymakers now face cancelled trips and refund battles, while the sector confronts its sharpest instability in years….
HSBC (LSE: HSBA) to Sell Singapore Insurance Unit for £1.6B, Signs 15-Year Allianz Partnership
HSBC agreed to sell its Singapore life and health insurance business to Allianz on July 24, 2026. The deal values HSBC Life Singapore at S$2.7 billion, or roughly £1.6 billion. It will also enter a 15-year exclusive bancassurance partnership with the German insurer. The transaction generates a pre-tax gain of $1.8 billion and lifts HSBC’s…