To counter the BJP-JDS padayatra criticizing alleged scandals under Congress rule, the ruling Congress in Karnataka may accelerate investigations into charges against former BJP Chief Ministers. The BJP-JDS are focusing on issues such as alleged illegal allotment of housing plots to Chief Minister Siddaramaiah's family and misuse of tribal welfare funds.
U.S.-listed shares of crypto-linked companies slumped as bitcoin fell more than 15% on Monday, after weak economic data last week triggered fears of a recession and set off a frenzied selling of risky assets.
According to exporters, they are already facing disruptions in exports to Bangladesh due to a shortage of foreign exchange in that country. India's exports of perishable goods are facing challenges at the border. Bangladesh Prime Minister Sheikh Hasina has resigned, and an interim government is taking over in the country.
The SIT has arrested 12 people and seized Rs 49.96 crore in the Karnataka Maharshi Valmiki Scheduled Tribe Development Corporation fund misappropriation case. The investigation, involving Rs 187.33 crore in total, continues under the CID's supervision. Opposition parties are demanding Chief Minister Siddaramaiah's resignation following the scandal, which already led to Minister B Nagendra's resignation.
Kiren Rijiju announced efforts to address demands from Muslim women for better transparency and efficiency in managing Waqf properties. Key amendments involve mandatory registration and increased women's representation on Waqf boards. The bill will likely be presented following the passage of the Finance Bill this week, aiming for comprehensive reforms.
This is the first time lenders will recover a part of their dues before a resolution is approved by the NCLT. All bidders including Adani Power, the highest bidder offering Rs 27000 crore, may want to relook at their respective offers following the NCLT order.
Republican candidate Donald Trump's recent rant against Google and Meta is in contradiction to the fact that his relationship with Silicon Valley improved in many ways since his first term.
Coal India Ltd signed non-disclosure agreements with international companies to explore investments in critical mineral projects, including lithium extraction in Chile. KABIL, a joint venture of three PSUs, also signed an agreement for joint due diligence and investment in lithium and cobalt mining in Australia, aimed at ensuring a sustainable supply for India.
Realty, utilities, metal and infrastructure stocks saw selling pressure. The S&P BSE Smallcap index fell 4.2% while the S&P BSE Midcap index was down 3.6%.
AI adoption by SaaS platforms helps make software more intuitive, adaptive, and capable of automating complex tasks. The report titled ‘The Rise of SaaS in India 2024’ which surveyed around 100 SaaS startups with ARR) ranging from $3 to $200 million, said Indian SaaS centaurs and unicorns will generate $20 to $25 billion in revenue by 2030.
Protests in Dhaka intensified as demonstrators targeted a statue of Sheikh Mujibur Rahman after Prime Minister Sheikh Hasina resigned and fled the country. The unrest originated from student demands to remove a controversial government job quota system and escalated into calls for Hasina's ouster. Despite international observers labeling the recent election as fair, a US official disagreed. The Bangladesh Army announced it would form an interim government amid ongoing tensions between Hasina and the US... Читать дальше...
Oil fell on Monday, trailing a stock market selloff sparked by fears of a U.S. recession, though declines were limited by Libyan supply losses and worries that spreading conflict in the Middle East could further hit crude supplies.
Manu Bhaker, India’s two-time Olympic medalist in shooting, has been selected as the flag bearer for India at the closing ceremony of the Paris Olympics 2024. The Indian Olympic Association confirmed the decision, with the choice for the male flag bearer to be announced later. Bhaker, who won two bronze medals at the current Games, including India’s first-ever medal in women’s 10m air pistol and a mixed team event, expressed her excitement on social media.
In a circular issued on Monday, Sebi outlined new norms to hold AMCs accountable. These norms mandate the establishment of surveillance systems, internal control procedures, and escalation processes to identify, monitor, and address specific types of misconduct.
Indian shuttler Lakshya Sen lost to Malaysia's world No. 7 Lee Zii Jia in the men's singles at the Paris Olympics. Sen won the first set 21-13 but lost the next two sets 16-21 and 11-21. Earlier, Sen had been defeated by defending Olympic champion Viktor Axelsen. Despite a strong performance in the quarter-finals and group stages, Sen's Olympic journey ended without a medal.
Wall Street's most watched gauge of investor anxiety logged its largest ever intraday jump on Monday, as U.S. stock futures tumbled on rising fears the United States could be tipping into recession.
According to Nagaraj Shetti of HDFC Securities, the Nifty's short-term trend is significantly bearish, with weakness evident across various timeframes. The key support level to watch for further downside is around 23,625, which aligns with the 38.2% Fibonacci retracement level. On the upside, immediate resistance is anticipated at 24,250.
The Reserve Bank of India expressed worries about credit risk models' reliability, urging lenders to establish board-approved risk management policies. It planned to supervise these models and issued guidelines to align within six months. The central bank also suggested using external experts for validation and maintaining ongoing reviews of these models.
Former probationary IAS officer Puja Khedkar contested the UPSC's decision to revoke her candidature due to cheating accusations. The UPSC barred her from all future exams, citing rule violations. Despite having an opportunity to explain, she missed the deadline. A lower court also dismissed her anticipatory bail plea, highlighting the seriousness of the allegations.
The Supreme Court declined Religare Finvest's request to appoint a new arbitrator in its dispute with Zee group, supporting the Delhi High Court's extension of the current arbitrator's mandate until October 31. Religare Finvest attributed the delay in arbitration proceedings to the arbitrator's unavailability, but the HC dismissed their plea for a new appointment earlier.
While Nifty's nearly 4% fall from its peak over the last couple of sessions rests on imported factors, its Asian peer Nikkei 225 has plunged by 26% and entered a bear market on setback to its yen carry trade, following Bank of Japan's decision to hike policy rate by 25 bps.
Bangladesh has been observing violent student protests over job reservation that led to hundreds of deaths and the government scrapping the decision. The protestors stormed the prime minister's palace on Monday which led to Sheikh Hasina resigning as from her post and fleeing to India, reportedly eventually seeking political asylum in London.
Rumors about Jennifer Lopez and Ben Affleck's split surfaced after Lopez made a contentious business choice, which reportedly caused serious tension in their marriage. Friends of Affleck pointed to this choice as a primary cause of the problems in their relationship
IndiGo, India’s largest airline, plans to introduce a premium class called "IndiGo Stretch" by November, featuring 12 business class seats on 45 Airbus A321neos and enhanced amenities like extra legroom, wider seats, and priority services. This move aims to compete with Air India and tap into the growing premium market. Alongside, IndiGo will launch a loyalty program for frequent flyers.
