India’s securities regulator, the Securities and Exchange Board of India (SEBI), has launched a sweeping investigation into global quantitative trading powerhouse Jane Street Group over concerns that the firm may have attempted to manipulate benchmark equity indices through derivatives trading. The probe, which spans a three-year period, is the most significant regulatory inquiry involving a major international trading firm in India to date.
Delta Air Lines $DAL has issued a warning about aircraft import tariffs potentially imposed by the U.S. government, raising concerns over their impact on aircraft deliveries and broader airline operations. These proposed tariffs target imported planes and components, including models manufactured by Airbus in Canada, Germany, and France.
The Reserve Bank of India (RBI) has taken another decisive step toward monetary easing, cutting the benchmark repo rate by a larger-than-expected 50 basis points on Friday. This marks the central bank’s third consecutive rate cut in 2025, bringing the total reduction to 100 basis points since February. With inflation retreating below the RBI's target range, the Monetary Policy Committee (MPC) has shifted its focus to boosting domestic growth amid global uncertainties and ongoing pressure on the Indian rupee (INR).
Rivian $RIVN is rapidly emerging as a significant force in the autonomous driving technology landscape, with Morgan Stanley spotlighting the EV company’s integrated AI-powered driving systems. Analysts at the bank suggest that Rivian’s self-driving platform could become a strategic asset for legacy automakers seeking to stay relevant in the evolving EV autonomy race.
In a major shift in trade policy, the United States has officially doubled tariffs on imported steel and aluminum, raising rates from 25% to 50%. Spearheaded by former President Donald Trump, this decision is aimed at safeguarding U.S. manufacturing and addressing foreign dumping practices, citing national security as justification.
According to preliminary data from the China Passenger Car Association (CPCA), Tesla $TSLA delivered 61,662 vehicles in China in May 2025, marking a 15% year-on-year decline. However, compared to April 2025, deliveries increased by 5.5%, hinting at a short-term recovery in consumer demand.
Kia India, a subsidiary of South Korea’s Kia Corporation $000270.KS, is at the center of a criminal investigation involving the systematic theft of automotive parts from one of its manufacturing plants in Andhra Pradesh. According to official police documents, two former employees are suspected of orchestrating the disappearance of 1,008 car engines, with an estimated total value of $2.3 million, over a span of three years. Investigators believe the engines were siphoned off through collusion with local scrap dealers.
Former Goldman Sachs $GS.NE banker Tim Leissner was sentenced to two years in prison by a New York court for his pivotal involvement in one of the largest financial scandals in recent history—the 1Malaysia Development Berhad (1MDB) case. This multibillion-dollar corruption scandal spanned multiple continents and implicated high-ranking officials, including former Malaysian Prime Minister Najib Razak, as well as top executives at Goldman Sachs.
John Hoke, the longtime creative force behind Nike’s $NKE.NE product design and innovation, will retire in October 2025 after more than three decades of shaping the global sportswear giant. The news, initially shared via internal memo and reported by Bloomberg, signals a major leadership transition as Nike navigates a new chapter in innovation and design.
Stellantis $STLA, one of the world’s top global car manufacturers, has officially appointed Antonio Filosa as CEO, replacing Carlos Tavares following a period of weakened performance in the U.S. automotive market. This executive reshuffle marks a pivotal moment in the company’s strategic roadmap as it navigates global challenges and shifts in the automotive industry.
JK Lakshmi Cement Ltd. $JKLAKSHMI.NS a prominent Indian cement manufacturer, reported a decline in fourth-quarter profit for the fiscal year ending March 2025. The decrease came despite a seasonal uptick in volumes, as rising operational costs and weaker pricing offset top-line gains.
Nike $NKE is officially returning to Amazon’s $AMZN marketplace in a direct brand partnership, signaling a strategic shift under its new CEO, Elliott Hill. After ending the collaboration in 2019 due to counterfeit concerns and a desire to focus on its direct-to-consumer model, the global sportswear giant is now reembracing wholesale distribution via the world’s largest e-commerce platform.
