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Meet SOCOM, the special US forces that may enter Iran to take care of 'loose nukes'
Economic Times
·
1m ago
Medial
U.S. President Donald Trump is considering military action against Iran due to potential nuclear threats. A decision is expected within weeks, as Iran nears nuclear weapon capability. In such scenarios, U.S. Special Operations Command (SOCOM) could intervene, particularly if Iran's nuclear materials become unsecured. SOCOM, responsible for countering weapons of mass destruction, has a history of tackling global threats from extremist groups to narco-traffickers, underscoring its critical role in U.S. defense strategy.
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Mysterious National Security Threat Hyped By Republicans Likely Nukes In Space: Report
Gizmodo
·
1y ago
Medial
The House Intelligence Committee released a statement warning of a "national security threat," without providing specific details. A report from ABC News suggests that the intelligence involves Russia's desire to put nuclear weapons into space, potentially for use against satellites. While any threat to US satellites should be taken seriously, the report appears underwhelming, and lawmakers' motives for hyping the potential threat may be related to the reauthorization of Section 702 of the Foreign Intelligence Surveillance Act. It remains unclear why nuclear weapons would be necessary for targeting satellites.
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KKR may do a Radiant with BMH, says hospital chain's CEO Manian
VCCircle
·
9m ago
Medial
KKR may consider joining forces with the Baby Memorial Hospital Group (BMH), according to Harish Manian, the CEO of BMH. KKR previously invested in Radiant Life Care in 2017 and used it to acquire Max Healthcare before making a $2 billion exit in 2022. Manian believes that KKR could look towards expanding its healthcare portfolio further with a potential partnership with BMH.
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Elon Musk To Meet PM Modi In April, Disclose Investment Plans
Inc42
·
1y ago
Medial
Tesla CEO Elon Musk is expected to visit India later this month and meet with Prime Minister Narendra Modi. During the meeting, Musk may announce plans to invest in and establish a new manufacturing facility in the country. Talks are also underway between Tesla and Reliance Industries for a potential joint venture. India has recently reduced import taxes on electric vehicles in an effort to encourage investment and domestic manufacturing. Tesla is looking to enter the Indian market, as demand for EVs in its primary markets of the US and China has been declining.
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India vs the oil choke point: How we're dodging the Strait of Hormuz fallout amid the Israel–Iran war
Economic Times
·
1m ago
Medial
The article discusses the strategic implications of Iran's threat to close the Strait of Hormuz, a crucial maritime route for global oil supply, due to US-Iran tensions. With the potential closure affecting 20% of the world’s oil, India, heavily reliant on this passage, faces supply concerns. However, India's diversified oil sourcing, including increased imports from Russia, provides some cushion. Though geopolitical risks loom, historical precedence suggests Iran may not actually close the strait.
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Care Health throws a challenge to insurance regulator on Saluja’s hefty Esops
Livemint
·
1y ago
Medial
Indian insurance company Care Health Insurance Ltd is arguing against the country's insurance regulator's powers over stock options granted to anyone in the sector. The controversy over the company's award of hefty stock options to its chairperson Rashmi Saluja has raised concerns and may further delay the Burman family's bid to take over the company's parent entity, Religare Enterprises Ltd. The Burman family, which owns over 25% of Religare, alleges that Saluja has drawn excessive remuneration by granting herself stock options from both Care Health and Religare.
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Yatra eyes over $400 mn market cap in India IPO; Chiratae to exit
VCCircle
·
1y ago
Medial
Indian online travel agency Yatra is set to go public in India after a reverse merger with a US-based special purpose acquisition company (SPAC) seven years ago. Chiratae Ventures, an early investor in Yatra, is expected to take a haircut on its investment as the IPO price range is set. Yatra aims to tap into the Indian market's growth potential through its IPO.
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Oprah’s upcoming AI television special sparks outrage among tech critics
Arstechnica
·
11m ago
Medial
ABC has announced an upcoming TV special called "AI and the Future of Us: An Oprah Winfrey Special." Set to air on September 12, the show will explore the impact of artificial intelligence on daily life and feature interviews with tech industry figures such as OpenAI CEO Sam Altman and Bill Gates. However, some critics have raised concerns about the guest list and the overall framing of the program. They argue that the show may be a misinformed marketing event with vested interests and that it lacks balanced perspectives from those impacted by AI. The special will likely spark further discussion and responses from these critics.
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US' Platinum Equity looking to foray into India with new office, bulge bets
VCCircle
·
1y ago
Medial
US private equity firm Platinum Equity is planning to enter the Indian market by establishing an office and making investments in the country's private equity sector. The firm, which manages $48 billion in assets globally, is exploring potential deals in India as part of its expansion strategy. Platinum Equity is currently in the process of building its India office and aiming to take advantage of investment opportunities in the country's growing economy.
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Market volatility to persist as commodity traders brace for key US data and election jitters
Money Control
·
9m ago
Medial
The markets were volatile during the week due to uncertainty over the US elections and tensions in the Middle East. The US dollar reached a three-month high, while gold surged to a record high as investors turned to safe-haven assets. Silver also saw some gains, but they were limited. Oil prices rebounded due to escalating hostilities between Israel and Iran. Traders are awaiting key data points and decisions from central banks, which may contribute to continued market volatility in the coming weeks.
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WhatsApp clampdown highlights video call compliance threat for finance firms
Economic Times
·
1y ago
Medial
Financial firms may need to screen staff video calls for compliance breaches, similar to the crackdown on business-related text messages, according to sources familiar with US investor probes. Regulators, such as the US Securities and Exchange Commission (SEC), may expand recording requirements to include video calls. The concern is that video calls could be used to share non-public information illicitly. Finance firms are now employing technology specialists and risk consultants to monitor and retain video calls to meet record-keeping requirements and manage associated risks.
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