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Get the appGetHang Seng's investment arm is set to merge with HSBC's asset management business, according to sources. This strategic move aims to consolidate asset management operations under HSBC, potentially enhancing efficiency and market reach. Details about the timeline and financial terms have not been disclosed yet.
Reuters·
SportsPhoto: Firstpost SportsThe 2026 Ballon d'Or ceremony will be held in London instead of its traditional Paris venue for the first time in 70 years. This one-off move honors the award's 70th anniversary and pays tribute to Sir Stanley Matthews, the first-ever winner in 1956. The decision reflects the wide-open competition among elite football players this year, with no clear favorite emerging.
Firstpost Sports··London
PoliticsPhoto: HT WorldUS President Donald Trump verbally attacked Norway, calling it a "sh*t house country" during a Michigan rally before the midterm elections. He linked his insults to the Nobel Committee's decision not to award him the Nobel Peace Prize and said Norwegian immigrants were unwelcome in the US. Norway's foreign minister emphasized the Nobel Committee's independence in response.
HT World··Michigan
BusinessPhoto: Mint MarketsSupreme Industries declared an interim dividend of ₹12 per share, a 600% payout, during its Q2 results announcement on October 26, 2026. The dividend applies to 127,026,870 equity shares of ₹2 each. The company fixed the dividend record date as Friday, October 30, 2026. Despite the dividend announcement, the stock closed 4% lower at ₹3,250 on Monday.
Mint Markets·
BusinessPhoto: News18Hi BusinessThe government is considering the merger of two major power sector companies, PFC and REC. The proposal has reached the Finance Ministry and will be presented to the Cabinet after the Finance Minister's approval. The government plans to retain at least 51% stake through preference shares post-merger.
News18Hi Business·
PoliticsPhoto: News18Rakesh Handoo, a Kashmiri Pandit activist aged around 60, was arrested on October 17 in Faridabad, Haryana, by Baramulla Police in a cyberterrorism case. He is accused of circulating threat-related posters on social media platform X. An FIR was registered under Sections 66F and 84C of the Information Technology Act, covering cyberterrorism and attempted offences. The case involves alleged links to groups named Soldier of Resistance and United Liberation Council.
News18··Faridabad
Reuters·
Hang Seng's investment arm is set to merge with HSBC's asset management business, according to sources. This strategic move aims to consolidate asset management operations under HSBC, potentially enhancing efficiency and market reach. Details about the timeline and financial terms have not been disclosed yet.
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