Telco Company Accused of Fraud by HPS Seeks to Subpoena Vendor

Indian Prime Minister Narendra Modi held his third phone call with former U.S. President Donald Trump following recent tariff hikes, reflecting ongoing discussions between the two leaders amid global trade tensions.

IndiGo, India's leading airline, has faced significant operational challenges, resulting in the cancellation of approximately 1,000 flights and causing widespread disruptions at airports across the country. These issues have been attributed to a combination of adverse weather, technical failures, and regulatory constraints on crew rest.

India's aviation regulator has taken the unprecedented step of deploying two on-site teams at IndiGo's corporate office to monitor operations following the cancellation of over 3,000 flights last week, which caused significant disruptions in air travel.

The Asian Development Bank (ADB) has highlighted India's robust economic growth and increasing demand for technology as key factors that enhance the prospects for developing Asia. This positive outlook is supported by India's recent economic performance, which has shown resilience despite global trade tensions and challenges.

India's small-cap stocks are experiencing significant underperformance compared to larger peers, causing distress among retail investors who heavily engage in this market segment. This downturn reflects broader economic challenges and investor sentiment in the country.

BlackRock Inc. is set to introduce a new series of private markets funds, known as the 'H Series,' aimed at retail investors, following its significant $12 billion acquisition of HPS Investment Partners, a credit specialist.

Paramount has initiated a $108.4 billion hostile takeover bid for Warner Bros. Discovery, escalating the competitive landscape in the media industry just days after Warner's shareholders accepted a significant deal with Netflix. This move marks one of the most audacious bids in corporate history, as Paramount seeks to assert its dominance in the entertainment sector.