Zentek shares to move from Nasdaq to OTC Markets on Tuesday

HDFC Bank, India's largest private lender, announced CEO Sashidhar Jagdishan will step down in October, not seeking reappointment. This follows governance concerns, regulatory scrutiny, and a 27% stock decline since January. The bank's board previously penalized Jagdishan for business overreach. Investors have also been disappointed by lack of financial gains from the 2023 merger with HDFC Ltd.

Woodside Energy abandoned its long-term Scope 3 climate targets, including a US$5 billion clean-energy investment plan. The company reported a 7% rise in underlying net profit to US$1.33 billion and a 27% increase in statutory net profit to US$1.67 billion. Woodside's Senegalese field, Sangomar, is central to its strategy, with production averaging 99,000 barrels per day. The company is also in a tax arbitration with Senegal's government over a US$68 million reassessment.

A Brazilian court approved Braskem's out-of-court reorganization plan, shielding it from creditor claims. The plan covers $10.9B in unsecured debt and has a 90-day window for creditor support. Braskem's shares rose 3.55% on the news, but cash flow remains a constraint.

Electrovaya and Amazon expanded their commercial agreement, with Amazon receiving warrants for up to 13.9 million Electrovaya shares upon achieving $280 million in purchases. The deal includes potential applications in robotics and energy storage. Electrovaya's CEO views this as strong validation of their technology. Additionally, Electrovaya's partnership with Sumitomo is driving growth in the Asia-Pacific region, with material deliveries expected from fiscal 2027.

Targa Resources (TRGP) shares rose 10% after a 20-year deal with ExxonMobil to build energy infrastructure. The company plans new processing plants and pipelines, increasing capital spending to $5B. Midstream firms like Targa are vital for transporting oil and gas, with global pipeline investments growing.

Apple has agreed to settle a class-action lawsuit over delayed Siri AI features, offering US iPhone 15 Pro and 16 model owners up to $95 per device. The claims period ends December 21, with payments expected in 2027. Apple aims to focus on innovation. Eligible users must submit claims via a future settlement website.