Following the disaster during a religious congregation (satsang) in Hathras which resulted in over 100 deaths, mostly women and children, and left more than 300 injured, an FIR was registered. The FIR, under sections 105, 110, 126(2), 223, and 238 of the Bharatiya Nyaya Sanhita (BNS), 2023, targets Devprakash Madhukar, known as 'Mukhya Sewadar', and other organisers of the event where the tragic stampede occurred.
Wall Street equity indices advanced to fresh records Tuesday as markets embraced commentary from Federal Reserve Chair Jerome Powell, while European bourses retreated on unease about upcoming French elections. But bourses in Paris and Frankfurt both retreated amid concerns about the potential economic fallout should the far right win power in France in weekend elections.
Gold prices await Fed's rate decision influenced by inflation data, NFP report. China's services slow, impacting metals. Bullion prices steady amid election uncertainty. Analyst Tim Waterer forecasts rate cuts using CME FedWatch Tool.
Former Apple lawyer Gene Levoff fined $1.15 million for insider trading. Levoff traded on nonpublic information from the iPhone maker. The fines were imposed by a U.S. District Judge.
Mid cap and small cap stocks getting back momentum .
As international brands limit their dependence on China by shifting some manufacturing to India, the trend holds the potential to generate significant numbers of manufacturing jobs - especially for women, who have largely been excluded from the ranks of formal Indian employment.
Several brokerage firms, including IIFL Securities and Motilal Oswal Financial Services, saw share declines of 3% to 7% due to the regulatory order affecting brokerages, potentially leading to adjustments in zero-payment plans or increased rates.
A fund manager is a part of the investment team at a fund house and one of the most important persons responsible for building the portfolio, monitoring it, generating returns and ensuring it runs in line with the objectives and mandate of the fund.
A fund manager is a part of the investment team at a fund house and one of the most important persons responsible for building the portfolio, monitoring it, generating returns and ensuring it runs in line with the objectives and mandate of the fund.
Emcure Pharma, with its strong presence in gynaecology and HIV therapeutic areas, secured significant investments from anchor investors like HDFC Mutual Fund and ICICI Prudential Mutual Fund, showcasing immense market confidence in its upcoming IPO.
The SEBI-Hindenburg clash escalates, questioning SEBI's actions and hindering the closure of the Adani controversy, showcasing the evolving dynamics in the financial market regulatory landscape.
Banks under new regulations can flag exporters with outstanding amounts, ensuring timely realization of proceeds. Transparency and efficiency are prioritized in export-import transactions, benefiting businesses of all sizes.
Allied Blenders and Distillers, after a successful IPO, intends to use ₹720 crore from the fresh issue to repay outstanding borrowings and for general corporate purposes. The company's strategic financial decisions align with its growth objectives and market positioning.
Apple secures observer role on OpenAI's board with Phil Schiller as representative, integrating ChatGPT and 'Apple Intelligence' across its apps. New directors appointed at OpenAI. Schiller gains insights into decision-making. Apple and OpenAI silent on details. Report by Juby Babu from Mexico City, edited by Krishna Chandra Eluri.
HDFC Bank's shares surged, attracting billions, with FIIs reducing stakes. Analysts predict a significant increase in the MSCI index weight, potentially doubling inflows. The bank's NSE shares closed higher, reflecting positive investor sentiment.
Kotak Mahindra Bank managed funds for Adani stock trades, leading to significant profits. Despite ET queries, the bank mentioned transactions were made on a principal basis. Kingdon transferred funds for short positions on Adani stocks, resulting in gains after positions were squared off.
Former New York Mayor Rudy Giuliani has been disbarred for his involvement in Donald Trump’s 2020 election interference, the New York State appellate court ruled. The disbarment, effective immediately, comes as Giuliani faces bankruptcy due to a USD 150 million defamation case and multiple lawsuits. The court cited Giuliani’s false statements and misconduct, highlighting his role in undermining the electoral process. Giuliani has vowed to appeal the decision, calling it politically motivated and corrupt.
Russian President Vladimir Putin arrived in Kazakhstan for regional security and defense talks, along with bilateral meetings with Chinese and Turkish leaders. The Shanghai Cooperation Organisation (SCO) summit, set for July 3-4 in Astana, will address deepening cooperation among member countries. While Russia and China will dominate the discussions, leaders from several countries, including India, Iran, and Turkey, will attend. UN Secretary-General Antonio Guterres is also expected. Putin plans... Читать дальше...
Market anticipates Nifty consolidation post-profit booking. Brent crude, US WTI futures rise on strong fuel demand hopes. Currency markets stable as rupee weakens. FIIs cut net long positions, adding to market uncertainty.
Happy Wednesday! Due to recent hygiene lapses by quick commerce, the government has intensified surprise inspections of their warehouses. This and more in today’s ETtech Morning Dispatch.
Market euphoria as S&P 500 hits records, Calvasina bullish. Job openings up, Fed's easing stance challenged. Eyes on US payrolls data for June update.
The Hathras stampede resulted in the tragic loss of Vinod's wife, mother, and 16-year-old daughter. He expressed his profound grief, stating he lost everything. Kamla, mourning her 16-year-old daughter Roshni, recounted how the stampede broke out during a Satsang they attended. Kunwar Pal's nephew, a 3.5-year-old child, also died, and his mother is missing. Mehtab lost his wife Gudiya Devi in the stampede. The Uttar Pradesh government announced Rs 2 lakh compensation for victims' families, with a... Читать дальше...
The congregation that was responsible for the deaths in Hathras was around Baba Narayan Hari alias Saakar Vishwa Hari 'Bhole Baba', a former policeman who turned into a religious preacher and gained a following, especially in western Uttar Pradesh. Known as Surajpal before he took up the 'baba' moniker, the preacher is a native of Bahadur Nagar in Kasganj district.
