Latest Developments

Asia
The Hindu BusinessLine

SEBI bars Debock Industries, its MD Mukesh Singh for 7 years; slaps penalty

SEBI on Friday barred Debock Industries Ltd and its managing director Mukesh Singh for seven years and ordered disgorgement of unlawful gains totalling ₹59.30 crore from multiple individuals in a case involving an alleged accounting fraud. Also, other entities have been barred from the securities market for periods ranging from three to five years, according to SEBI's final order. The markets regulator has also directed Debock Industries to bring back ₹49 crore diverted from its 2023 rights issue, along with applicable interest. The Securities and Exchange Board of India (SEBI) has also slapped penalties totalling more than ₹29 crore on the company, Singh and others. Singh alone has been fined ₹20.10 crore. Summing up the alleged scheme, SEBI in its 121-page final order said Debock Industries, with Singh at the helm, inflated its financials through fictitious sales and purchases and circular transactions after its listing on NSE Emerge. “Noticee No. 1 (Debock Industries) with Noticee No. 2 (Singh) at the helm of its affairs, post its listing on NSE Emerge, inflated its financials through fictitious sales and purchases and circular transactions. The inflation of financials allowed Noticee No. 1 to migrate to the main board of NSE,” SEBI said. “On the main board, Noticee No.1 (Debock Industries) came up with fraudulent issuance of preferential allotments, bonus issue and rights issue, and increased its capital base,” it said. Later, around 4.21 crore shares worth ₹59.30 crore obtained through fraudulent preferential issue and bonus issue were dumped on gullible investors. “The fraudulent scheme was masterminded by Noticee No. 2 (Singh) with aid and assistance of Noticee No. 3 (Sunil Kalot), 4 (Priyanka Sharma) and 27 (Gaurav Jain),” SEBI added. The regulator quantified the unlawful gains at ₹59.30 crore. Of this, ₹37.67 crore was attributed to Sunil Kalot, ₹4.24 crore to Singh, and ₹17.40 crore to Singh jointly with Gaurav Jain. The regulator found Debock Industries and Singh liable for claiming non-existent purchases and sales as genuine, showing fictitious receipt and utilisation of application money in preferential allotments, and inflating sales and purchases through circuitous transactions and fraudulent ledger entries. These transactions resulted in misstatement of the company's financials for FY 2021-22, FY 2022-23 and FY 2023-24, SEBI said.

SEBI bars Debock Industries, its MD Mukesh Singh for 7 years; slaps penalty
Asia
The Hindu BusinessLine

Honda, Nissan likely to agree on shared car software system by 2029: Report

Honda and Nissan are expected to agree on developing a shared operating system and onboard computer for new automobiles as early as 2029, Nikkei reported. | Photo Credit: KIM KYUNG-HOON Honda Motor and ‌Nissan Motor are expected to ​agree as ⁠soon as Monday on developing a shared operating system and ‌onboard computer to go into new automobiles ‌as early as ‌2029, ⁠the Nikkei newspaper ⁠reported on Saturday. Honda told Reuters that no deal had been ​decided and ‌that the Japanese automaker was discussing "potential areas of collaboration" with Nissan and Mitsubishi ‌Motors under their strategic partnership. Nissan's ​CEO, Ivan Espinosa, said earlier this ⁠month that the company was discussing possible areas ‌of software collaboration with Honda. The report also comes more than a year after Nissan and Honda ended merger talks ‌to forge a $60 billion ​car company. Nissan did not immediately respond to ⁠a Reuters request for comment ⁠outside regular business hours. Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

Honda, Nissan likely to agree on shared car software system by 2029: Report
North America
CNBC Finance

Disney-owned ABC files First Amendment lawsuit against FCC

Disney's ABC has filed a First Amendment lawsuit against the Federal Communications Commission, calling the government agency's recent investigation into the company a "retaliatory campaign" due to the nature of its programming, which has been critical of President Donald Trump. The broadcast network filed the lawsuit on Tuesday in U.S. District Court for the District of Columbia. It comes months after the FCC launched an early renewal of a set of ABC's broadcast station licenses, citing concerns around the company's diversity, equity and inclusion efforts. However, that early review process came shortly after renewed political backlash against ABC following comments made by TV host Jimmy Kimmel on his late-night show, which airs on the broadcast network. ABC has also faced criticism from the government around its daytime talk show, "The View." ABC's lawsuit calls for the FCC to halt its early broadcast renewal proceedings. An FCC spokesperson said in a statement Tuesday the government entity was working in the public interest. "Disney is obviously very concerned about the FCC's proceeding, as evidenced by their ongoing campaign of disinformation as well as their decision to ask a court to stop the FCC from further pursuing matters. The FCC will continue to follow the facts and law wherever they lead," the statement said. The agency launched its review of ABC licenses in April, years ahead of their scheduled expiration. ABC shot back in May, saying in filings that it was submitting the applications "under protest in response to an unlawful, arbitrary, and unconstitutional order" from the FCC. FCC Chairman Brendan Carr told CNBC at the time that the agency's focus was on Disney's DEI practices and that the early license renewal was not tied to First Amendment matters. Carr was appointed by Trump to lead the federal entity meant to regulate the media and telecommunications industry. It began its investigation into Disney's stations last year for possible violations of the Communications Act of 1934 and the FCC's rules regarding its prohibition on unlawful discrimination. On Tuesday, ABC said it "continues to face irreparable harm" from the administration, which "has been acting" through the FCC. "I think you saw in our FCC filings our position on this is clear," D'Amaro told CNBC's Julia Boorstin at the time. "We're very principled on this. We're going to stand up to what we believe is journalistic and integrity, and we're not going to be told how to run that side of our business."

Disney-owned ABC files First Amendment lawsuit against FCC
Asia
The Hindu BusinessLine

Four small-cap stock picks for the long term

The Smallcap index has been doing very well over the last few months. Indeed, the Nifty Smallcap 250 index has outperformed the benchmark index Nifty 50 so far. We see potential for the Nifty Smallcap 250 (18,496) index to extend the rally towards 24,000-24,500 from here. So, this can be a good time to play small-cap stocks. We have picked four stocks from the Nifty Smallcap 250 index that look good on the charts from a long-term perspective. Please note that the stock selection and recommendation given here are purely based on technical analysis. There is always a risk of the view going wrong. So, adhering to the stop-loss is a must in all cases. The price action over the last two years on the monthly chart indicates a triangle pattern formation. The resistance of this pattern is coming around ₹1,460. Another higher resistance is in the ₹1,580-₹1,600 region. We expect the stock to breach ₹1,600 ideally and rally to ₹2,800 over the next couple of years. In case the resistance at ₹1,460 caps the upside for now, then an intermediate dip to ₹1,200-₹1,150 is possible in a month or two. The region between ₹1,100 and ₹1,000 is a strong support zone. The bullish outlook will go wrong only if the stock declines below ₹1,000. If that happens, there is a danger of the price tumbling to ₹800. Buy CDSL shares now at ₹1,415. Accumulate on dips at ₹1,320. Keep the stop-loss at ₹980 initially. Trail the stop-loss higher to ₹1,680 when the price goes up to ₹1,920. Revise the stop-loss higher to ₹2,130 and ₹2,420 when the price touches ₹2,480 and ₹2,640 respectively. Exit the stock at ₹2,780. The recent bounce from the low of ₹1,266.90 made in April is happening from a long-term trendline support. An inverted head and shoulders pattern is being formed on the weekly chart. A break above ₹1,870, the neckline resistance, will confirm this pattern. That can take Gravita India’s share price higher to ₹2,450, the pattern target. Over a longer time frame of, say, two years, there is potential to target ₹3,200. Failure to breach ₹1,870 now can trigger a fall to ₹1,550-₹1,500. Key supports are at ₹1,450, ₹1,370 and ₹1,280. The bullish view will go wrong only if the price declines below ₹1,280. If that happens, ₹1,000 and even lower levels can be seen. Buy Gravita India shares now at ₹1,826 and on dips at ₹1,740. Keep the stop-loss at ₹1,220 initially. Trail the stop-loss up to ₹1,850 as soon as the stock goes up to ₹2,180. Revise the stop-loss higher to ₹2,320 and ₹2,880 when the price touches ₹2,740 and ₹3,040, respectively. Exit the stock at ₹3,160. A huge triangle pattern has been formed since November 2023. Within that, the movement since November 2025 indicates an inverted head and shoulder pattern. Both these factors strengthen the bullish case for this stock. A strong break above ₹2,100 will confirm both the triangle as well as the inverted head and shoulder patterns. That will trigger a fresh rally to ₹2,750 initially and then to ₹3,750 eventually over the next two years or so. Key support is in the ₹1,450-₹1,400 region.This bullish view will go wrong if the price declines below ₹1,400. In that scenario, the share price can fall to ₹1,100. Long-term investors can buy BEML shares now at ₹1,985. Accumulate on dips at ₹1,760. Keep the stop-loss at ₹1,310 initially. Trail the stop-loss up to ₹2,180 as soon as the stock goes up to ₹2,410. Revise the stop-loss higher to ₹2,580, ₹2,880 and ₹3,100 when the price touches ₹2,730, ₹3,050 and ₹3,320 respectively. Exit the stock at ₹3,480.

Four small-cap stock picks for the long term
North America
CNBC Finance

Sea Ray parent Brunswick bets on AI navigation and new revenue streams to help stalling boat sales

Brunswick Corp., a global leader in boat manufacturing and recreation on the water, is counting on advanced technology to help with stalling sales. The parent company of Sea Ray, Boston Whaler and other boat brands, says advanced navigation technology and autonomous docking can take some of the complexity out of maneuvering a vessel around a crowded marina. The bet is twofold: convince would-be buyers to dive into a market that's been sluggish — with retail sales of new vessels expected to remain subdued through 2026 — and increase aftermarket and recurring revenue through technology and software sales. Brunswick's portfolio extends well beyond the boat brands. Its Navico Group sells marine electronics and technology, while its Mercury Marine supplies engines and maintains a parts and accessories business. Roughly 60% of Brunswick's earnings now come from aftermarket or recurring revenue, and Roth Capital Partners analyst Scott Stember says that mix gives the company meaningful exposure beyond new boat sales. Brunswick told investors it anticipates annual sales of 145,000 to 160,000 units by 2030. Roth characterizes that as modest recovery in demand from estimated U.S. retail sales this year of fewer than 135,000 vessels. "We're seeing premium boats and what we call our core portfolio being very resilient," CEO David Foulkes told CNBC. "What we're seeing is value boats, which are more typically financed or more subject to interest rate pressures ... they're not doing badly, but they're just not doing as well as some of our more premium products." But Brunswick could increase the amount of electronics and technology onboard, even if the number of boats sold doesn't rise dramatically. For instance, 55% of Navico's original-equipment customers have increased their Navico content since 2023, according to the company. And Navico has launched more than 30 new products since 2025. One of those is Simrad AutoCaptain, which helps navigate and dock boats. The business strategy makes sense: Make it easy to take the boat out, and more importantly back in, and you just might sell a bigger, more expensive boat. The company generates more business around the boat, too. Another piece of the strategy is Freedom Boat Club — a kind of country club for boaters, with locations around the globe. Members pay a fee and monthly dues for access to vessels to take out on the water at any of the locations. Brunswick reported during its August investor day that the club has more than tripled its membership since 2019 to more than 63,000 members. Trips and reservations have grown fourfold, while the network has expanded to more than 450 locations and a fleet of roughly 5,000 boats.

Sea Ray parent Brunswick bets on AI navigation and new revenue streams to help stalling boat sales
Europe
BBC Business

Trump pauses new tariffs on Canada and says countries close to a deal

Image source, Getty ImagesByNadine Yousif and Jessica MurphyPublished19 August 2026, 03:41 BSTUpdated 3 minutes agoUS President Donald Trump said he will delay imposing new tariffs on a wide array of Canadian goods for three days as the countries firm up a trade deal. "I have paused the 50% Tariffs against Canada, that were scheduled to kick in tomorrow morning for a three day period, based on the fact that Canada and the U.S.A., subject to the finalization of documents, have a DEAL!" Trump said in a social media post. The announcement came less than two hours before a 50% levy on nearly $20bn (C$28bn) of Canadian imports were set to go in place. The two sides have been at an impasse on several issues, including US tariffs on autos and many Canadian provinces banning American liquor sales. Trump and Prime Minister Mark Carney spoke twice this week, and trade negotiators have been engaged in intense talks since July, after Trump threatened the new levy with a deadline of 19 August. "Substantial progress has been made, although there is important work still to be done," Carney said in a letter posted on X. In his post, Trump also said a final trade deal could allow the revival of the Keystone XL pipeline. The oil pipeline, which would connect Alberta to the US, was blocked by both the Obama and Biden administrations. Environmentalists and indigenous groups have long opposed the pipeline but Trump has said multiple times he would like to revive the project, which would carry 830,000 barrels of oil a day. "The great Keystone XL Pipeline, long ago killed by Sleepy Joe Biden, may be awoken from the grave!" Trump wrote on Truth Social. "The deal will include comprehensive market access for all American goods, economic security commitments, digital trade alignment", the US Trade Representative posted on X. It will also include "many important provisions that will continue to protect our market and American workers, along with our Canadian partners", it added. The extension is welcome news for Canadian negotiators and for businesses on both sides of the border, who have warned that the new tariffs would be harmful to both countries.

Trump pauses new tariffs on Canada and says countries close to a deal
Europe
The Guardian

Trump pauses Canada tariffs threat, and hints at revival of Keystone XL pipeline

Mark Carney and Donald Trump at the White House in Washington DC on 7 October 2025. Trump has paused tariffs on Canada for three days. Photograph: Adrian Wyld/The Canadian Press/APView image in fullscreenMark Carney and Donald Trump at the White House in Washington DC on 7 October 2025. Trump has paused tariffs on Canada for three days. Photograph: Adrian Wyld/The Canadian Press/APTrump tariffsTrump pauses Canada tariffs threat, and hints at revival of Keystone XL pipelineUS president delays 50% tariffs by three days, and says contentious oil project ‘may be awoken from the grave’ Canada has temporarily avoided a bruising 50% US tariff, reaching a Tuesday-evening agreement with Trump administration officials hours before a hike that would have affected $20bn worth of goods was set to take effect. Donald Trump posted late on Tuesday on social media that he had paused the tariffs for three days “based on the fact that Canada and the USA, subject to the finalization of documents, have a DEAL!” After Trump’s announcement, the Canadian prime minister, Mark Carney, said “substantial progress” had been made towards a trade deal but more work was needed. “While we continue this work, Canada remains focused on building a stronger, more independent and more competitive economy at home,” Carney said. The duties would have affected a range of Canadian exports including wine and hockey sticks. In the same social media post, Trump said the controversial Keystone XL pipeline project “may be awoken from the grave” without giving further details or suggesting whether it was linked to the tariffs deal. Keystone XL, which was proposed in 2008 to bring oil from Canada’s western tar sands to US refiners, was halted in 2021 by owner TC Energy after Joe Biden revoked a key permit needed for a US stretch of the 1,200-mile (1,930km) project. It became a flashpoint in US-Canada relations, amid opposition from US landowners, Native American tribes and environmentalists. North American oil pipelines, including Dakota Access and Enbridge Line 3, have faced steady opposition from environmental groups, amid concerns about spills. Tuesday’s 11th-hour deal comes amid a contentious past year for the two countries, with the longstanding alliance strained by tit-for-tat tariffs and online broadsides in which Trump has mused about turning Canada into a US state. In February 2025, the White House hit Canada with a 25% tariff, citing what it regarded as inadequate progress in curbing cross-border illegal immigration and drug trafficking. In retaliation, Canada announced a reciprocal levy, calling the US’s actions “unwarranted and unreasonable”. The country’s leadership also countered the Trump administration’s claims, maintaining that it had launched a robust border protection plan and that less than 1% of fentanyl and illegal crossings came from Canada.

Trump pauses Canada tariffs threat, and hints at revival of Keystone XL pipeline
Europe
BBC Business

'We have more work to do', says Canada negotiator as US trade deadline looms

Canada-US trade minister Dominic LeBlanc said negotiators "have more work to do" as he left a meeting with US counterparts ahead of a midnight deadline to finalise a tentative trade deal with the Trump administration. "We're going to continue working up until the last minute," he told reporters in Washington on Friday evening. "Our job is not finished." Negotiators have until Friday night to hammer out the details of the deal or risk a fresh wave of additional US tariffs on a wide range of Canadian goods. LeBlanc spent some eight hours in meetings with US trade representative Jamieson Greer and other negotiators - one of the longest sessions so far as talks go down to the wire. Hours before the deadline, President Donald Trump did not say whether a definitive deal had been agreed, but that it was "moving along". "We should be able to have a deal with Canada. We're also starting on a new deal with Mexico. A much better deal for the United States. I only make good deals," he told reporters on Friday. The full framework of the deal has yet to be made public, but details leaked to several media outlets suggest the US will agree to reduce tariffs on Canadian steel and aluminium from 50% to 25%, and tariffs on Canadian automobiles from 25% to 15%. In addition to restoring the sale of American alcohol, Canada is said to be considering allowing American dairy producers greater access to its market and removing its retaliatory tariffs on the US. Conservative opposition leader Pierre Poilievre said that any agreement that includes "one-sided" tariffs on Canadian industry is "a bad deal". "I am concerned with the de-industrialisation of our economy if our key industries pay one-sided tariffs," Poilievre told reporters on Friday. One of Canada's provincial leaders has criticised a prospective trade deal with the US and pushed his country to hold out for favourable terms, showing Prime Minister Mark Carney faces a tough battle in getting buy-in on the agreement hours away from a US-set deadline. Still, Manitoba Premier Wab Kinew said Canada "should fight" and not rush to make concessions.

'We have more work to do', says Canada negotiator as US trade deadline looms
Asia
The Hindu BusinessLine

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The funds with highest scores are assigned five star rating while the funds with lowest scores are assigned one star rating. Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

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