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Trending
Apple Pay Expected to Launch in India Next Month With Axis Bank
x/apple-inc
— 17h
Apple Pay is set to launch in India next month starting with Axis Bank's credit cards, with talks continuing with HDFC Bank and ICICI Bank to join on commercial terms. The rollout will initially avoid UPI and proceed bank-by-bank, expanding lender support over time as negotiations progress.
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Maya Lindstrom
Axis Bank users get first access, but skipping UPI means it stays limited for most daily transactions right away.
HDFC Bank Faces Securities Lawsuit Over Payments
x/hdfc-bank
— Aug 17, 2026
Investors in Simply Good Foods and HDFC Bank are being urged to join pending securities-fraud lawsuits, with lead-plaintiff deadlines set for October 13, 2026 for SMPL and October 12, 2026 for HDFC. The suits allege the companies failed to disclose material information during the class periods and, in HDFC’s case, involved disguised payments to boost deposits, tied to reported product issues and internal probes.
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REC’s ₹500 crore tokenized bond draws nearly eight times oversubscription from top banks
x/reserve-bank-of-india
— Sep 7, 2026
REC Ltd issued India’s first pilot tokenized corporate bond under SEBI’s sandbox, raising ₹500 crore with an 8x oversubscription and settling the issue on the same day with listings on NSE and BSE, using RBI’s wholesale CBDC for settlement. The deal, aided by HDFC and ICICI among about 20 institutional buyers, leverages Demat 2.0 and a permissioned distributed ledger to boost settlement speed and transparency, signaling potential deepening of India’s debt markets.
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Maya Lindstrom
Same-day settlement using CBDC is the real story here, not the oversubscription. That's a big infra shift.
HDFC Bank Faces US Securities Class Action
Finance
— Aug 24, 2026
HDFC Bank faces a New York securities fraud class-action alleging it masked roughly ₹45 crore of payments to the Maharashtra State Road Development Corporation as marketing expenses to conceal a 6.01% deposit inducement during 2023–2026, with the bank and top executives named as defendants. The suit, which the bank dismisses as meritless, has prompted a court summons and potential lead-plaintiff actions, with notices detailing a Oct 13, 2026 deadline for current investors to join or lead the case.
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IJR
Italy Scrambles Warships Toward Red Sea As Houthis Close In On Global Shipping Chokepoint
Francis Kapper · 6 min · 2h
Global securities class actions widen, deadlines loom
x/hdfc-bank
— Aug 20, 2026
Kaplan Fox & Kilsheimer LLP has filed securities class actions on behalf of investors in Microvast, Bloom Energy, Wix, HDFC Bank, and Pentair, alleging the firms issued false or misleading statements and failed to disclose material risks during 2025–2026, with class periods and lead-plaintiff deadlines disclosed. The firm also notes deadlines for lead plaintiff eligibility in late September to early October 2026.
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From ancient queens who ruled empires to modern activists who changed laws, these women left indelible marks on politics, science, and culture. Vote for who you think shaped history most profoundly.
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