Adani Ports and Special Economic Zone signed a concession agreement to develop Berth No. 13 at Deendayal Port in Kandla, Gujarat. The berth will handle multipurpose cargo and is expected to be operational by FY27. This development will enhance APSEZ's capabilities on the western coast and service customers in Gujarat and north India.
Indian equity benchmark indices ended lower on Wednesday in a volatile session, impacted by declines in auto, metal, and banking stocks. The BSE Sensex fell 398 points to close at 81,523, while the NSE Nifty dropped 122 points to settle at 24,918. The market capitalisation of all listed companies on BSE declined by Rs 2.47 lakh crore to Rs 461.02 lakh crore.
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The Hindu side in the Gyanvapi mosque case has requested a court to allow the Archaeological Survey of India (ASI) to conduct a survey by digging in the premises. The court has scheduled the next hearing for September 18. The Hindu side argues that the original place of Jyotirlinga is under the dome of the alleged mosque.
Maldives President Mohamed Muizzu is expected to visit India soon, with both countries working to finalize a convenient date. This will be Muizzu's first official visit to India since taking office in November 2023. The visit follows improved bilateral ties after a period of tension over the presence of Indian military personnel in the Maldives.
Delhi Police has heightened security and alerted railway staff following a suspected sabotage attempt to derail the Kalindi Express in Kanpur. An LPG cylinder, petrol bottle, and matchboxes were found on the tracks. Enhanced patrolling and anti-sabotage checks are being conducted, with multiple agencies investigating potential terror links.
Sub-Inspector Dipankar Gautam was killed in Rajgarh, Madhya Pradesh, after a car driven by constable Pallavi Solanki collided with his bike. The incident is under investigation, with authorities exploring a possible love triangle involving Solanki, her partner Karan Thakur, and Gautam. Gautam had previously expressed concerns about his safety.
Junior doctors in West Bengal have requested a meeting with Chief Minister Mamata Banerjee to discuss the alleged rape and murder of a medic at a state-run hospital. They demand the meeting be streamed live and are calling for the removal of key officials and improved safety measures for women health professionals.
Strides Pharma Science has received approval from shareholders and secured creditors to create OneSource, a specialty pharma CDMO. The company will now seek final approval from the NCLT, Mumbai Bench, and listing approvals from BSE and NSE. This move aims to unlock value for stakeholders upon OneSource's listing.
There was "decent dollar demand," from importers and state-run banks through the session but inflows related to initial public offerings (IPO) helped the rupee, a foreign exchange trader at a private bank said
In a heated debate, former President Donald Trump and Vice President Kamala Harris clashed over various issues. Trump appeared angry and scattered, focusing on crime and immigration, while Harris emphasized the need for solutions. Trump's attempts to tie Harris to President Biden's record were overshadowed by his own defensive responses.
A 26-year-old man has been arrested for allegedly setting fire to an Ola Electric showroom in Karnataka due to dissatisfaction with the servicing of his e-scooter. The incident highlights growing concerns over Ola Electric's service quality, as mechanics report significant backlogs and difficulties in handling complaints.
Madhya Pradesh's Higher Education Minister Inder Singh Parmar claimed that Indian ancestors discovered America, not Christopher Columbus. He also stated that students have been taught incorrect history about Vasco da Gama discovering India. Parmar emphasized the need to teach the correct historical facts, including India's contributions to other cultures.
A painting by renowned Indian modernist painter S H Raza, valued at Rs 2.5 crore, has been reported stolen from an auction house's warehouse in south Mumbai. The artwork was last seen in March 2022 and discovered missing in 2024 when the owner requested it be auctioned again. Police have registered a theft case.
Vice President Kamala Harris effectively presented her case against former President Donald Trump during a debate in Philadelphia. She introduced her policies and values, while putting Trump on the defensive. Harris emphasized the need for change and highlighted her plans for housing, healthcare, and small businesses, contrasting them with Trump's positions.
Prices are likely to find support around Rs 5,500 on MCX and $65 on NYMEX WTI. However, while potential OPEC+ production cuts and a possible 25 bps rate cut may provide temporary relief, overall market fundamentals suggest continued downward pressure. Ample supply and weak demand growth projections are expected to keep prices low in the near term.
“In 21st century Bharat, the chips are never down. Today’s Bharat assures the world that when the chips are down, you can bet on India,” Modi said. India is only the eighth country in the world to host a gathering of the global semiconductor industry, he said, adding that it is the right time to be in India.
The Delhi High Court has granted bail to Hyderabad businessman Arun Ramchandra Pillai in a money-laundering case linked to the Delhi excise policy scam. Pillai was arrested by the Enforcement Directorate in March. The case involves alleged irregularities and kickbacks in the Delhi Excise Policy 2021-22, implicating several politicians and businessmen.
The District Consumer Disputes Redressal Commission in Namakkal, Tamil Nadu, has ordered an insurance company to pay Rs 80 lakh to R Umarani after her husband Devaraju's death due to Covid-19. The insurance company initially denied the claim, citing undisclosed pre-existing conditions. The commission ruled this as a deficiency in service and mandated the payment within four weeks.
Samsung Electronics is cutting up to 30% of its overseas staff in some divisions by the end of this year. The reductions will impact sales, marketing, and administrative roles across the Americas, Europe, Asia, and Africa. This move comes as Samsung faces challenges in its chip business and stiff competition in the smartphone market.
Congress president Mallikarjun Kharge announced five guarantees for Jammu and Kashmir, including a Rs 25 lakh health insurance per family and interest-free loans for women entrepreneurs. The Congress-NC alliance also promises to restore statehood, create jobs, and reopen closed schools if voted to power.
The Julana assembly seat in Haryana's Jind district will see a contest between BJP's Capt Yogesh Bairagi, a former pilot, and Congress' wrestler-turned-politician Vinesh Phogat. Bairagi is the vice president of Haryana BJP's youth wing, while Phogat recently joined Congress after retiring from wrestling. Voting is on October 5.
Allegations against Sebi chairperson Madhabi Puri Buch have raised questions about the market regulator's credibility. Despite clarifications from involved companies, Buch's silence has fueled speculation. A parliamentary probe may look into the matter, but political disagreements persist. Supporters argue Buch's integrity remains intact amid the controversy.