Trump's campaign requests military aircraft, vehicles after Iran's threats

Trump's campaign requests military aircraft, vehicles after Iran's threats



Donald Trump ‘s aides have requested a slew of stepped-up security measures, including military aircraft capable of shooting down surface-to-air missiles to transport the former president in the race’s final stretch, amid growing concerns over threats from Iran in a campaign already shaken by violence.


The campaign’s highly unusual request comes as the Republican candidate faces death threats from Iran, which has also targeted other former Trump administration officials and has also been blamed for a widespread hack of top campaign officials. Trump narrowly survived one assassination attempt and U.S. Secret Service agents foiled a second, though neither case has been publicly linked to Iranian actors.

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Beyond a military plane, the campaign has asked for special armored vehicles typically reserved for sitting presidents, expanded temporary flight restrictions over his rallies and his residences, reimbursements for decoy aircraft, and more money for the U.S. Secret Service and local law enforcement agencies that assist in Trump’s protection.


Both Trump and his staff have complained that he is being restricted from campaigning the way he wants to because the agency lacks the resources to keep him safe.


The Secret Service insisted Friday that Trump is already receiving the highest levels of protection.” And President Joe Biden told reporters that he would be happy to approve Trump’s request to use military aircraft in the final stages of the campaign, as long as he doesn’t ask for F-15s.”

“Look, what I’ve told the department is to give him every single thing he needs for his as if he were a sitting president, he said. Give him all that he needs. If it fits within that category, that’s fine. But it doesn’t, he shouldn’t.


The new security requests were first reported by the New York Times.


The campaign and Secret Service have gone back and forth

The Trump campaign’s requests were outlined in a letter to acting Secret Service director Ronald Rowe Jr. from senior Trump campaign adviser Susie Wiles and obtained by The Associated Press.


She asked the Secret Service to pre-position the ballistic glass that Trump now uses for protection at his outdoor rallies in the seven battleground states where he is expected to spend the majority of time in the race’s final stretch.


Currently, it takes more than a week’s notice to position the barriers in the right place, according to a person familiar with the requests who, like others, spoke on condition of anonymity to discuss security matters. Trump aides see that advance notice as unrealistic given the frenetic nature of the final days of a campaign, when schedules are adjusted based on incoming polls and campaign strategy, the person said.


In a statement, Secret Service spokesperson Anthony Guglielmi said that since the attempted assassination on July 13 at a rally in Butler, Pennsylvania, the agency has made comprehensive enhancements to its communications capabilities, resourcing and protective operations” and that Trump is receiving the highest levels of protection.”

He said the Department of Defense regularly provides assistance for Trump’s protection, including canine units, and that the Secret Service has been restricting air traffic over the former president’s residence and when he travels.


Additionally, the former President is receiving the highest level of technical security assets, which include unmanned aerial vehicles, counter unmanned aerial surveillance systems, ballistics and other advanced technology systems, he said.


Former American presidents are able to use military airlift only if requested by the current president. In April, for instance, former President Bill Clinton used one as he led a U.S. delegation to Rwanda. On Sept. 11, 2021, Biden, Clinton, and former President Barack Obama flew to a remembrance in New York.


Trump has accused Biden of denying him resources

The Trump campaign for weeks now has accused the U.S. Secret Service of forcing it to cancel or scale back events due to a lack of resources.


That includes a speech in Prairie du Chien, Wisconsin, held the same week as the U.N. General Assembly in New York, that was scaled back because the Secret Service couldn’t secure a larger rally.


Trump has accused Biden of intentionally denying security resources to help Vice President Kamala Harris, his Democratic opponent, by preventing him from addressing large crowds.


They couldn’t give me any help. And I’m so angry about it because what they’re doing is interfering in the election, he said in a recent Fox News interview.


Trump, however, has repeatedly praised his own security detail, commending them for their bravery.


While the Secret Service says Trump already has presidential-level protection, there are differences. Both Biden and Harris, for instance, have military assets, including planes.


Beyond her Sept. 30 letter, Wiles has also spoken with White House Chief of Staff Jeff Zients and others about her concerns about Trump’s security and how his ability to campaign has been curtailed by threats.


Zients, according to a person who spoke on condition of anonymity to disclose details of their conversation, connected Wiles to Homeland Security Department and Secret Service leadership after she reached out and made clear that Biden had directed the Secret Service to provide the highest level of protection for Trump.


In a separate letter, Rep. Mike Waltz of Florida, who is close to Trump, urged the Secret Service, Department of Homeland Security, White House and Department of Defense to deploy additional military assets to protect Trump in the face of Iranian threats. He requested that Trump be provided with a military passenger aircraft like those used by cabinet secretaries.


Trump aides call for action against Iran

Trump has been targeted by Iran, which is believed to want retaliation for his administration’s killing of Iranian Gen. Qassem Soleimani.


In August, a Pakistani man alleged to have links to Iran was charged in a plot to carry out political assassinations on U.S. soil. Law enforcement did not name the targets of the alleged plot, but legal filings suggest Trump was a potential target.


Iranian hackers have also been charged with stealing information from Trump’s campaign and trying to pass it along to news organizations. In May, prosecutors say, the men charged began trying to penetrate the Trump campaign, successfully breaking into the email accounts of campaign officials and other Trump allies. They then sought to weaponize the stolen campaign material by sending unsolicited emails to people associated with Biden’s campaign. None of the recipients who worked for Biden responded.


Trump’s campaign has complained that the Biden White House has downplayed the death threats.


This administration spends more time focused on a hack of emails than they do the Iranians who are trying to kill Donald Trump,” Trump campaign senior adviser Chris LaCivita told reporters in Pennsylvania last weekend. He noted that former President Clinton deployed cruise missiles in retaliation for an Iraqi plot to assassinate former President George H.W. Bush.


You know he did? He sent a bunch of cruise missiles to send a message, LaCivita complained. “All they do is put out a press release.


In a statement, National Security Council spokesman Sean Savett said the Biden administration has been closely tracking Iranian threats against former President Trump and former Trump administration officials for years, dating back to the last administration.


We consider this a national and homeland security matter of the highest priority, and we strongly condemn Iran for these brazen threats, Savett added, warning that: Should Iran attack any of our citizens, including those who continue to serve the United States or those who formerly served, Iran will face severe consequences.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)



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BlackRock, GIC, Capital Group to invest in Hyundai Motor India IPO

BlackRock, GIC, Capital Group to invest in Hyundai Motor India IPO



By Julia Fioretti, Baiju Kalesh and Manuel Baigorri


BlackRock Inc., Singaporean sovereign wealth fund GIC Pte and Capital Group are among those that have made bids to buy stock in Hyundai Motor India Ltd.’s $3.3 billion initial public offering, according to people familiar with the matter.

 

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Baillie Gifford and FMR are also looking to participate in the record-breaking offering in Mumbai, the people said, asking not to be identified as the information isn’t public.


The so-called anchor book for the IPO, which is set to be the biggest ever in India, has been fully allocated, with half going to domestic institutions and the other half to international investors, the people said. The anchor investor portion consists of as many as 42.4 million shares, according to the prospectus.

 


Representatives for Hyundai, BlackRock, Capital Group, GIC, Baillie Gifford and FMR declined to comment.


The price range for the IPO of Hyundai Motor Co.’s India unit was set at 1,865 rupees ($22.21) to 1,960 rupees a share on Wednesday, with the parent selling as many as 142.2 million shares, or a 17.5% stake. At the top end of the range, Hyundai Motor India is valued at about $19 billion.


The listing of India’s second-largest carmaker by sales is set to break the record set by Life Insurance Corp. of India, which raised $2.7 billion in 2022. It would also be one of Asia’s biggest IPOs in recent years.


Investor enthusiasm for India’s growth and lofty valuations has encouraged a record number of companies to go public, making the nation the world’s busiest IPO market. More than $9 billion has been raised through over 250 IPOs this year, and other large listings are in the pipeline, including Indian food-delivery platform Swiggy Ltd.


The main books for Hyundai Motor India’s IPO open next week and the shares are scheduled to start trading on Oct. 22.


© 2024 Bloomberg L.P.

First Published: Oct 11 2024 | 11:28 PM IST



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Active investors on NSE surge 44% to nearly 50 mn amid market rally

Active investors on NSE surge 44% to nearly 50 mn amid market rally


Illustration: Binay Sinha

The number of active investors on the National Stock Exchange (NSE) have jumped 44 per cent over the past one year to 47.9 million at the end of September 2024. The surge in active clients is underpinned by the rally in the markets, with the Nifty 50, Nifty Midcap 100, and the Nifty Smallcap 100 indices gaining over 25 per cent each. Broking industry officials said an upward trending market encourages more investors to actively trade in the market. A break up of brokerage-wise clients shows investors increasingly preferring new-age discount brokerages to traditional full-scale ones. The combined market share of top five discount brokers accounts has risen to 64.5 per cent from 61.9 per cent in Septem­ber 2023. Mean­while, Groww has cemented its lead with 12.3 million active clients—25.6 per cent market share, up from 20 per cent a year ago. Erstwhile, market leader Zerodha has seen its market share slip from 19.4 per cent a year ago to 16.6 per cent. AngelOne has closed the gap with Zerodha, with the former’s active clients at 7.4 million against 8 million for the latter. Therefore, the total active clients are about half of the unique investors registered with the NSE and also a fraction of the total 175 million demat accounts in the country.

chart

 

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First Published: Oct 11 2024 | 10:53 PM IST



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Demand drivers likely to keep Cummins India on robust growth trajectory

Demand drivers likely to keep Cummins India on robust growth trajectory



The domestic capex cycle is expected to have accelerated in Q2FY25, and demand in the long term should remain robust. One of the beneficiaries will be Cummins India which should benefit from the strong demand across sectors, good R&D support from multinational parent, Cummins Inc., and strong repair and maintenance business. End-user industries generating demand include data centres, manufacturing, general infrastructure, rental, hospitality, and real estate. Revenue and earnings growth over the FY24-27 period should be in the high teens (18-19 per cent).


Diesel generators are in demand across sectors, and there are strong export opportunities as



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NSE opts for Nifty 50 in weekly options, following Sebi's benchmark mandate

NSE opts for Nifty 50 in weekly options, following Sebi's benchmark mandate



The National Stock Exchange (NSE) has opted for the Nifty 50 index for issuing weekly option contracts following Sebi’s one-exchange-one-benchmark mandate.


This comes even as the Nifty Bank index clocked a higher notional turnover.

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The two other indices where weekly contracts will be discontinued are Nifty Financial Services and Nifty Midcap Select. Experts said that of all the four indices, only Nifty is a benchmark while others are considered secotral indices. 


Analysts expect a drop of up to 40 per cent in NSE’s option premium turnover on account of this.


As per a report by IIFL Research, Nifty Bank had a 38 per cent share in the first half of FY25 in the premium break-up, followed by Nifty at 28 per cent.

 


Monthly Nifty Bank contracts will continue.


Considering the dominance of Nifty Bank, many traders were awaiting the final decision by NSE.


The Nifty Bank, Nifty Midcap Select, and Nifty Financial Services not only provided a diversified product portfolio but also helped the exchange generate large volumes, with each having an expiry on separate days of the week.


Following the announcement, the Nifty Bank declined over 358 points or 0.7 per cent, while the benchmark Nifty ended the day with only a 0.14 per cent decline.


The number of traded contracts of Nifty 50 remained higher, topping 1 billion, while the same for Nifty Bank was 935 million during the past few weekly expiries.


Rival BSE has also decided to discontinue Bankex contracts and retain Sensex for the weekly segment.


These changes will be effective from November 20.


Analysts expect that the spillover of trading activity from the discontinued contracts into the continuing products will limit the impact.


The Securities and Exchange Board of India (Sebi) has prescribed a six-step regime to curb the frenzy in the index derivatives and curb retail losses, which stood at Rs 75,000 crore in FY24.

First Published: Oct 11 2024 | 7:37 PM IST



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360 ONE WAM allots 8.70 lakh equity shares under ESOS

360 ONE WAM allots 8.70 lakh equity shares under ESOS


360 ONE WAM has allotted 8,70,964 equity shares under ESOS on 11 October 2024. Consequent to the aforesaid allotment, the issued, subscribed and paid-up share capital of the Company has increased from Rs. 36,47,06,888/- comprising of 36,47,06,888 equity shares of Re. 1/- each, to Rs. 36,55,77,852/- comprising of 36,55,77,852 equity shares of Re. 1/- each.

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Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Oct 11 2024 | 7:31 PM IST



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