Adani Group Faces Environmental Legal
Challenges: The Adani Group is defending multiple projects against
environmental lawsuits, including a $2 billion power plant in Uttar Pradesh and
a luxury residential project in Mumbai's Bandra area.
Bajaj Finserv Buys Out Allianz's Stakes:
After a 24-year partnership, Bajaj Finserv acquires Allianz's stakes in their
general and life insurance subsidiaries for $2.83 billion, following policy
changes allowing 100% foreign investment in India's insurance sector.
India Bids for 2030 Commonwealth Games:
India expresses interest in hosting the 2030 Commonwealth Games as a step
toward its goal of hosting the 2036 Olympics, with Ahmedabad, Gujarat, proposed
as the central venue.
IPL Season 18 Commences Amid Player
Absences: The 18th season of the Indian Premier League kicks off with
notable players like Jasprit Bumrah and Hardik Pandya missing the start due to
injury and suspension, respectively.
Power Grid Corp. Shares Rise: Power
Grid Corp. of India Ltd. shares increased by 1.09% to 283.00 rupees,
outperforming the market, though still 22.72% below their 52-week high.
Sensex Records Best Weekly Gain in Over
Four Years: The BSE Sensex surged by 557 points to 76,906, marking a 4.17%
weekly gain, its best performance in over four years.
Shambhu Border Reopens After Year-Long
Closure: Following the removal of protestors' tents by authorities, the
Shambhu border between Haryana and Punjab has reopened to traffic after being
closed for a year.
M.F. Husain's Painting Sells for ₹118
Crore: A 14-foot-long painting by M.F. Husain depicting 13 village scenes
sold for ₹118 crore, becoming the most expensive modern Indian artwork.
NTPC Leads Market Gains: NTPC shares
rose by 3.3%, leading the gains among Sensex 30 stocks, followed by Bajaj
Finance, Sun Pharma, and Larsen & Toubro.
Mahindra & Mahindra Shares Dip: Mahindra
& Mahindra shares declined by over 1%, making it the top loser among Sensex
30 stocks.
MidCap and SmallCap Indices Rise: The
BSE MidCap index rose over 1%, while the SmallCap index gained more than 2%,
indicating robust performance in broader markets.
Oil & Gas Sector Surges: The BSE
Oil & Gas index surged over 2%, with significant contributions from major
companies in the sector.
Consumer Durables Index Declines: The
BSE Consumer Durables index declined by 0.8%, reflecting a downturn in that
sector.
Brent Crude Oil Prices Slightly Down: Brent
Crude was trading at $71.83, down by 0.22%, affecting the global oil market
dynamics.
Farmers' Protests Lead to Border
Reopenings: Authorities have cleared protest sites at the Shambhu border,
leading to the resumption of traffic after a year-long blockade.
Haryana Police Remove Barricades at
Shambhu Border: Haryana Police used bulldozers to remove concrete
barricades at the Shambhu border, facilitating the movement of vehicles between
Haryana and Punjab.
Environmental Concerns Over Adani's
Dharavi Project: Adani's Dharavi slum redevelopment project faces legal
opposition due to environmental concerns regarding the redevelopment of
ecologically sensitive land.
Bajaj Finserv's Strategic Move Post Policy
Change: Bajaj Finserv's buyout of Allianz's stakes comes after India's
policy change allowing 100% foreign investment in the insurance sector,
indicating strategic realignment.
India's Strategic Sports Hosting Ambitions:
India's bid for the 2030 Commonwealth Games is part of a broader strategy to
position itself as a host for major international sporting events, including
the Olympics.
IPL Season 18 Opens with High Expectations:
The 18th season of the IPL begins with defending champions Kolkata Knight
Riders facing Royal Challengers Bengaluru at Eden Gardens.
Young Talent Emerges in IPL: Thirteen-year-old
Vaibhav Suryavanshi joins Rajasthan Royals, highlighting the emergence of young
talent in the league.
New IPL Rule on Player Withdrawals: A
new IPL rule could see players banned for three seasons if they withdraw for
non-injury reasons, following a controversial pull-out by Harry Brook.