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BusinessPhoto: ET Tech

Australia's Regulator Probes Failed $5 Billion Firmus IPO

Australia's corporate regulator, the Australian Securities and Investments Commission (ASIC), is examining the failed $5 billion initial public offering of AI data centre operator Firmus. The IPO, planned as Australia's second largest, collapsed on October 9 due to insufficient investor support. ASIC Chair Sarah Court said the regulator is engaging with the banks leading the share sale, including Bank of America, JPMorgan, Morgan Stanley, and Morgans, but has not launched an official investigation yet.

ET Tech·

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EntertainmentPhoto: HT Entertainment

Imtiaz Ali Says Digital Media Isolates People, Cinema Unites Them

Filmmaker Imtiaz Ali stated that increased digital content consumption has led to social isolation, as people often watch alone on personal devices. He emphasized that cinema offers a collective emotional experience, allowing audiences to share reactions. Speaking at a Mumbai film festival, Ali highlighted how post-COVID viewing habits have shifted towards isolated digital consumption, while theatrical experiences remain valuable for human connection.

HT Entertainment··Mumbai

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WorldPhoto: Amar Ujala

Cyclone Arnab Crosses Andhra Coast, 24-Hour Rain Forecast in Several Districts

Cyclone Arnab has crossed the coast of Andhra Pradesh, bringing heavy rainfall expected to continue for 24 hours in several districts. Authorities have issued warnings and are monitoring the situation closely to manage the impact of the cyclone on the region.

Amar Ujala··Andhra Pradesh

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PoliticsPhoto: NDTV

Fire Destroys Over 150 Shops in Goa's Vasco Market

A major fire broke out around midnight on Wednesday at Vasco market in Goa, destroying more than 150 shops and causing extensive damage to goods. No injuries were reported. Chief Minister Pramod Sawant visited the site and announced financial aid for affected shopkeepers. Firefighters controlled the blaze after over four hours. The cause remains unknown. Earlier fires also occurred in Vasco that night.

NDTV··Vasco

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HealthPhoto: TOI World

Michigan Court Upholds $9.7M Verdict in Tummy Tuck Death Case

A Michigan appeals court upheld a $9.7 million verdict against Henry Ford Macomb Hospital for negligence after Cathleen Allen died following complications from tummy tuck surgery. Medical experts testified that timely intervention could have saved her life. The jury found both the surgeon and hospital liable, emphasizing the importance of strict patient safety protocols.

TOI World··Michigan

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BusinessPhoto: ET Markets

Malaysia's Asia OneHealthcare Files IPO Prospectus for 4.38 Billion Shares

Asia OneHealthcare, a Malaysian hospital operator backed by TPG, has filed a draft prospectus for an IPO of up to 4.38 billion shares on Bursa Malaysia. The company plans to use the proceeds for hospital expansion, facility upgrades, debt repayment, and IPO expenses. It operates 23 hospitals and returned to profitability in FY26.

ET Markets·

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