How do I change text colour in DataGridView cell?

I have DataGridView and if a cell (in specific column) have a certain value it will change the background of the whole row (the same row where the value exists).

Now I would like to make two changes:

1. Instead of having backround set to yellow I only want the text to change, to red colour. I want to keep the default backround and only manipulate the text.

2. Then I only want to change the text in the cell where the condition is met. So in this case I want "Hello Word!" to be red.

This is the code:

public partial class Form1 : Form
    {
        public Form1()
        {
            InitializeComponent();
            tabControl1.TabPages.Clear();
            createGridViews();
        }

        DataGridView dgwDynamic;
        private void createGridViews()
        {
            int pageNumber = 0;
            for (int i = 0; i < 3; i++)
            {
                //Populate DataGridView.

                /* Dynamic DataGridView */
                dgwDynamic = new DataGridView();
                dgwDynamic.Name = "DataGridView" + i.ToString();
                dgwDynamic.ScrollBars = ScrollBars.Both;
                dgwDynamic.Dock = DockStyle.Fill;
                dgwDynamic.DataBindingComplete += dgwDynamic_DataBindingComplete;

                /* Dynamic TabPage */
                TabPage tpDynamic = new TabPage();
                pageNumber = i + 1;
                tpDynamic.Name = "tabPage" + pageNumber.ToString();

                string tabName = "TabPage" + pageNumber.ToString();

                tpDynamic.Text = tabName;

                tpDynamic.TabIndex = i;
                // One newGridView per newTabPage
                tpDynamic.Controls.Add(dgwDynamic); // Add Dynamic DataGridView to Dynamic TabPage
                tabControl1.Controls.Add(tpDynamic); // Add Dynamic TabPage to TabControl
                dgwDynamic.DataSource = GetTable(); // Add DataTable to Dynamic DataGridView

            }//End for loop
        }

        private static DataTable table;
        static DataTable GetTable()
        {
            // Here we create a DataTable with four columns.
            table = new DataTable();
            table.Columns.Add("Column1", typeof(string));
            table.Columns.Add("Column2", typeof(string));
            table.Columns.Add("Column3", typeof(string));

            // Here we add three DataRows.
            table.Rows.Add("Col1_Row1", "Col2_Row1", "Col3_Row1");
            table.Rows.Add("Col1_Row2", "Hello World!", "Col3_Row2");
            table.Rows.Add("Col1_Row3", "Col2_Row3", "Col3_Row3");
            table.AcceptChanges();
            return table;
        }

        private void dgwDynamic_DataBindingComplete(object sender, DataGridViewBindingCompleteEventArgs e)
        {
            List<String> myList = new List<String>();
            myList.Add("ABC");
            myList.Add("DEF");
            myList.Add("Hello World!");

            // Format Rows demo
            DataGridView dgw = (DataGridView)sender;

            if (dgw != null)
            {
                foreach (DataGridViewRow row in dgw.Rows)
                {
                    //if new row skip, otherwise null reference exception
                    if (row.IsNewRow)
                        return;
                    foreach (DataGridViewCell cell in row.Cells)
                    {
                        if (cell.ColumnIndex == 1) //Particular column index
                        {
                            if (myList.Contains(cell.Value.ToString()))
                            {
                                //IF CONDITION IS MET FOR THE CELL SET THE BACKGROUND OF THE ROW TO BE YELLOW
                                row.DefaultCellStyle.BackColor = System.Drawing.Color.Yellow;
                                //NEED TO CHANGE TEXT INSTEAD OF BACKGROUND AND ONLY THE PARTICULAR CELL THAT CONTAINS THE VALUE
                                //Some code here to change the text colour in the cell...
                             }
                        }
                    }

                }
            }
        }

    }//End partial class

So how do I change my code to have the desired result?