New York Loses Nearly $74 Million for Not Revoking 33,000 Illegal Licenses for Immigrant Truckers
The U.S. Department of Transportation announced that New York will forfeit more than $73.5 million in federal funds because the state has not revoked roughly 33,000 commercial driver’s licenses issued to non‑domiciled immigrant truckers. An audit found that over half of a sample of 200 licenses had serious compliance gaps, prompting a federal order to review and cancel illegal permits. New rules will block about 97% of future foreign CDL applications, mirroring actions already taken in states such as California, which lost $200 million. The move has sparked political backlash and industry praise.
Trump Weighs Appointing Michael Murray to Lead Antitrust at DOJ
The White House is weighing a nomination of Michael Murray, a former deputy assistant attorney general for antitrust, to lead the Justice Department’s antitrust division. Murray, now a partner at Paul Hastings, would replace Gail Slater, who was dismissed after...
Maran Claims SpiceJet Owes over ₹400 Cr with Interest as Payment Dispute Lingers
Sun Group chairman Kalanithi Maran told the Delhi High Court that SpiceJet owes over ₹400 crore (≈$48 million) with interest, far above the ₹144.5 crore (≈$17 million) the airline claims. The court is reviewing SpiceJet’s petition to replace the cash deposit with a one‑acre Gurugram property,...
EU Proposes that Google Allow Third-Party Search Engines Access to Data — What We Know
The European Commission has drafted measures to force Google to grant third‑party search engines access to its search data, including AI‑driven chatbot queries, to satisfy the EU Digital Markets Act. Interested parties must submit comments by 1 May 2026, with a...
Signature Global Ties up with Tonino Lamborghini to Develop ₹2,900 Crore Luxury Housing Project in Gurugram
Signature Global has signed a licence agreement with Italian luxury brand Tonino Lamborghini to launch the $349 million "Tonino Lamborghini Residences Gurugram" on 12.4 acres in Sector 71. The project will deliver 812 premium apartments and marks the brand’s first residential foray in...
Vedanta Accuses JAL Creditors of Preaching ‘Process’ While Ignoring It Themselves
Vedanta challenged the Committee of Creditors (CoC) in the Jaiprakash Associates insolvency case, arguing that its ₹17,000 crore (~$2.0 bn) offer was unfairly rejected in favor of Adani's lower‑value plan. The CoC chose Adani’s ₹14,543 crore (~$1.75 bn) proposal, citing faster cash payouts despite...
Snap to Axe 1,000 Staff: Snapchat Parent Faces Pressure From Activist Investor, Shares Climb over 5% in Premarket
Snap announced it will lay off about 1,000 employees, roughly 16% of its staff, and eliminate over 300 vacant roles to cut more than $500 million in annualized costs. The restructuring, driven by activist investor Irenic Capital Management, will generate $95‑$130 million...
Air India Asks Tata, Singapore Air for Funds After $2.4 Billion Loss
Air India reported a fiscal‑year loss of more than 220 billion rupees (≈ $2.4 billion), far exceeding its internal $1.6 billion estimate. The loss was driven by a deadly Boeing 787 crash, the closure of Pakistani airspace, and the Middle‑East conflict, which forced longer, fuel‑intensive...
Fintech SumUp Lines Up Banks for Possible London IPO
SumUp Payments Ltd. is assembling a banking syndicate that includes Deutsche Bank, Goldman Sachs, Jefferies and JPMorgan to explore a first‑time public offering in London. The fintech, known for its point‑of‑sale terminals, could be valued at $10 billion or more, making...
BoEs Bailey Sees Major Cybersecurity Risks in New Anthropic Model
Bank of England Governor Andrew Bailey warned that Anthropic’s new Mythos AI model could dramatically amplify cyber‑attack capabilities, forcing regulators to assess its threat to banking systems. He said the model may enable rapid identification of system vulnerabilities, raising cyber...
‘300 Employees Laid Off without Notice’: Zoho Responds to Viral Post Alleging Mass Layoffs
Zoho, the cloud‑based enterprise software firm, refuted a viral claim that it had laid off 300 employees without notice. The post, which appeared on the Blind app, mistakenly conflated the company’s internship program with full‑time employment. Zoho reiterated its three‑decade...
BharatPe Co-Founder, Shashvat Nakrani Steps Back to Build Something New
BharatPe co‑founder Shashvat Nakrani announced he will step back from day‑to‑day operations on May 1, moving into a strategic advisor role while remaining a board director and the company’s largest individual shareholder. The fintech unicorn, valued at $2.7 billion, has raised $584 million...
Nodwin Gaming Eyes IPO Momentum, Inducts Manish Agarwal to Board
Nodwin Gaming, the esports subsidiary of Nazara Technologies, is gearing up for an IPO within the next two to three years and is seeking to raise more than $100 million in a pre‑IPO round. The firm has appointed former Nazara CEO...
World Liberty Investor Justin Sun Claims Trump Crypto Venture Secretly Installed Tool to Freeze User Holdings
Investor Justin Sun accused Trump‑linked World Liberty Financial of embedding a hidden "backdoor blacklisting function" that can freeze WLFI token holdings. Sun, who has invested at least $75 million in the token, says his holdings were frozen in September, but provides...
Sundheim’s D1 Tumbled 6% in March as Biggest Stock Bets Soured
Dan Sundheim’s D1 Capital Partners saw its equities book slide 6% in March, making it one of the worst‑performing hedge funds that month. All six of its largest stock positions lost money, with Flowserve down 17% and James Hardie down...
