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NSE IPO Closes at 5.71x Subscription, Lists September 24
NSE IPO closes with 5.71x subscription and ₹90,300 crore demand. Listing scheduled for September 24. Institutional buyers drove demand while retail interest remained muted.
Telstra Loses Triple Zero Control as Senate Backs Nationalisation on September 22
Senate inquiry recommends Telstra lose Triple Zero control to new federal authority after outages blocked emergency calls and caused deaths. Telstra’s contract runs until 2032.
Telstra Faces Loss of Triple Zero Control as Senate Pushes Nationalisation
Senate inquiry calls for Telstra to lose Triple Zero control and for the emergency service to be nationalised. The recommendation follows outages linked to deaths and has backing from Labor, Coalition, and Greens.
Trump Creates ‘AI Force’ and Names Czar as Industry Rejects Safety Slowdown
Trump announces ‘AI Force’ and AI czar appointment on September 19, rejecting industry safety concerns as a hoax. Nvidia CEO Jensen Huang emerges as his top AI policy ally.
Trump Tariff Law Puts India’s Oil Imports at 100% Risk on September 20
Trump signed a Russia sanctions bill giving him power to impose 100% tariffs on India and China for buying Russian oil. India imports 45% of its crude from Russia and could face major trade penalties.
Judge Blocks Trump’s Kennedy Center Demolition Threat; Thousands Protest September 20
Federal Judge Christopher Cooper blocked Trump’s Kennedy Center name and ordered 30 days’ notice before any demolition. Thousands protested Friday as Trump threatens to withhold $257M in repairs.
Anthony Loke Resigns as Transport Minister Over Najib House Arrest
Malaysian Transport Minister Anthony Loke resigns in protest after former PM Najib Razak granted conditional pardon to serve jail term under house arrest. DAP stays in government to maintain stability.
Trump Secures Greenland Security Deal With Denmark on September 20
Trump announces binding security deal with Denmark over Greenland, granting US permanent military control and barring Russian and Chinese bases from the Arctic territory.
Iran Strikes Tanker in Strait of Hormuz as Shipping Costs Hit $1M Per Day
Iran struck a Togo-flagged tanker in the Strait of Hormuz on September 18. Shipping costs have surged to $1.035 million per day, the first time exceeding seven figures, as geopolitical risk drives up insurance premiums and freight rates.