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BusinessPhoto: Mint Markets

South Korea to Implement Cornerstone Lockups to Stabilize IPO Prices

South Korea's Financial Services Commission will introduce a system requiring cornerstone investors in IPOs to commit to at least six-month lockups. This aims to prevent sharp post-listing price drops by allowing advance share allocation to stable, long-term institutional buyers. The new rules, approved by the government, take effect on November 13 alongside capital market law amendments, addressing Korea's volatile stock market and recent disappointing IPO performances.

Mint Markets·

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WorldPhoto: Times of India

10 SDRF Personnel Missing After Boats Capsize in Telangana Rescue

Around 10 State Disaster Response Force (SDRF) personnel went missing after two boats capsized during a rescue operation for stranded fishermen in Bethupalli lake, Khammam district, Telangana, on Wednesday evening. The incident occurred while the team was conducting the rescue mission.

Times of India··Khammam

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BusinessPhoto: Mint Companies

L&T Expands Manufacturing into Rockets, Drones, and More

Larsen and Toubro Ltd (L&T) plans to diversify beyond infrastructure by entering new manufacturing sectors including nuclear fuel rods, tunnel boring machines, rockets, drones, and their components. This strategic move aims to reduce reliance on project execution as L&T nears ₹3 trillion in annual revenue and targets 12-15% growth.

Mint Companies··Mumbai

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SportsPhoto: HT Sports

Joe Milton III Named Eagles Starting QB, Replacing Tanner McKee

The Philadelphia Eagles have replaced Tanner McKee with Joe Milton III as their starting quarterback amid a challenging 2-6 season. Milton, known for his strong arm and deep passing, was drafted by the New England Patriots in 2024 and has played briefly for the Patriots and Cowboys. The Eagles hope Milton can lead the offense in their upcoming game against the New York Giants.

HT Sports··Philadelphia

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SciencePhoto: News18 Hindi

Cyclone Murasu Effects: Heavy Rain, Winds Up to 70 KM/H in 15 States

Cyclone Murasu's remnants are impacting 15 Indian states including Uttar Pradesh, Bihar, and Delhi with heavy rain and winds reaching 60-70 km/h, according to the IMD alert for November 5. Southern states like Tamil Nadu, Andhra Pradesh, Telangana, and Karnataka may see heavy rainfall. Jharkhand, West Bengal, Odisha, and Chhattisgarh also face weather changes. Northern states including Uttarakhand, Himachal Pradesh, and Jammu-Kashmir expect rain and snowfall in higher areas, with temperatures dropping in many regions.

News18 Hindi·

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PoliticsPhoto: HT World

Lauren Boebert Trails Democrat Eileen Laubacher in Colorado Race

In Colorado's 4th district, Republican Lauren Boebert is trailing Democrat Eileen Laubacher by nearly 5,000 votes with 83% of ballots counted. This district, a Republican stronghold for 18 years, may flip as Boebert faces an uphill battle to overcome the deficit with 30,000 ballots left, mainly in Douglas and Larimer counties. Boebert called the potential loss a defining moment but said it doesn't define her.

HT World·

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