The Supreme Court in April granted bail to Sanjay Singh, who was arrested by the Enforcement Directorate (ED) last October in an alleged money laundering case related to the Delhi liquor policy scam. He spent six months in jail.
Indian headline indices' record hitting spree has raised alarm bells among sections of market enthusiasts and the latest to jump into the bandwagon is the Chief Justice of India (CJI) DY Chandrachud who has advised market regulator Securities and Exchange Board of India (Sebi) to exercise caution in order to safeguard investors’ money.
Private lender IndusInd Bank reported net advances at Rs 3,48,107 crore for the quarter ended June 30, 2024 which was up 16% over Rs 3,01,317 crore reported by the company in the corresponding quarter of the last financial year.
Bajaj Auto has made a groundbreaking entry into the commuter motorcycle sector by introducing the highly awaited CNG-powered motorcycle, the Freedom 125. This innovative model claims the title of being the world’s first-ever CNG motorcycle.
Steel Authority of India Ltd (SAIL) plans to invest ₹6,500 crore this fiscal year as part of its ₹1 lakh crore capex over the next few years, said CMD Amarendu Prakash. Speaking at an Indian Steel Association event, Prakash addressed concerns over Chinese steel dumping and urged government action to mitigate this issue.
The 30-share BSE Sensex closed down 53.07 points at 79996.6
"Government spending on infrastructure projects will drive the initial growth phase in the next decade. The development of 11 industrial corridors comprising 32 projects, to be developed in four phases under the PM Gatishakti National Master Plan, will be a key driver for steel consumption," the report explained.
"In particular, Amazon is asked to provide detailed information on its compliance with the provisions concerning transparency of the recommender systems (...)," the EU said in a statement.
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The Nifty IT index closed 0.01 per cent down at 37720.75.
Under the bill, the offences related to the conduct of competitive examinations shall be cognisable, non-bailable and non-compoundable. According to the bill, those found indulging in unfair means and offences in the conduct of competitive examinations shall be punished with imprisonment for a term not less than three years, which may be extended to five years and with a fine of up to Rs 10 lakh.
Key allies in Modi's coalition government, N Chandrababu Naidu and Nitish Kumar, are seeking substantial financial support for their states. The demands include funds for building a new capital and infrastructure projects. This puts pressure on the national budget and raises concerns about increasing debt.
The car will be showcased in Bengaluru, although the company has stated there are "no plans" for an immediate launch in India. This exhibition may be a move to test the waters in the Indian car market or to celebrate a decade of Xiaomi's business operations in the country.
Former Bihar Chief Minister and RJD chief Lalu Prasad Yadav has called on his party workers to gear up for possible early elections, predicting the fall of the Modi government by August. Yadav stated that the current government in Delhi is very weak and could collapse soon.
Indian main indices rebounded from intraday lows to finish the session unchanged, driven by the upward movement of Reliance Industries and State Bank of India, despite HDFC Bank being the primary detractor of the day.
Keir Starmer is set to become Britain's new prime minister on Friday, after his centre-left Labour party secured a sweeping victory in the general election.
Indian Bank, a public sector bank, has extended the deadline to invest in its special fixed deposit offering higher interest rates.
Amid global economic challenges, Indian real estate showcased resilience, attracting $4.8 billion in institutional investments in H1 2024, up 81% from the total $5.8 billion in 2023. With 40 deals, investment activity surged, driven by strong foreign and growing domestic investor confidence, signaling robust economic growth and diversified opportunities in emerging sectors.
The Nifty Pharma index closed 1.29 per cent up at 20453.85.
India's tea production fell 30% in May to 90.92 million kg, its lowest level in over a decade, largely due to heat and insufficient rainfall, with Assam's output falling 26%.
Markets regulator Sebi has issued new guidelines to streamline operations and enhance the ease of doing business for credit rating agencies. The circular introduces specific timelines for dealing with appeals made by companies regarding rating actions carried out during periodic surveillance of ratings.
The Congress party criticized the Modi government for allowing three major private telecom companies—Reliance Jio, Bharti Airtel, and Vodafone Idea—to increase mobile service tariffs, accusing them of profiteering from 109 crore users. Congress leader Randeep Surjewala condemned the unilateral tariff hikes, highlighting that the companies collectively raised rates by an average of 15% effective July 3 and 4, 2024.