The political tussle between Congress and BJP escalated after Hindenburg Research’s allegations against Sebi chairperson Madhabi Buch. Congress called for immediate action and a JPC probe into the Adani Group investigation, alleging conflicts of interest. BJP dismissed the claims as a conspiracy to destabilize India’s financial system by discrediting the regulator.
Read MoreTwo industry bodies, Amfi and IVCA, voiced support for Sebi chairperson Madhabi Puri Buch and the markets regulator, dismissing Hindenburg’s allegations as unwarranted and lacking context. They emphasized India’s robust regulatory framework as a key factor in its economic progress and urged stakeholders to remain confident amid these claims, warning against hindering the nation’s...
Read MoreIn 2022, Madhabi Puri Buch became the first woman and first private sector professional to chair Sebi after a break. Known for her collaborative approach, IT focus, and data-driven decisions, she brought significant changes in market regulation. Before Sebi, she had a significant career at ICICI Bank and experience overseas with Greater Pacific Capital.
Read MoreForeign Portfolio Investors (FPIs) withdrew over Rs 13,400 crore from Indian equities in August, reversing prior investments. The outflow was driven by the unwinding of the yen carry trade and recession fears in the US. Elevated Indian stock valuations, geopolitical tensions, and weak US job data also contributed to this trend, according to analysts.
Read MoreA group of senior BJP members miffed with Karnataka BJP president BY Vijayendra planned a 188km ‘Ballari Chalo’ padayatra to highlight issues such as the Valmiki corporation scam and diversion of SCPTSP funds. Led by MLAs Basanagouda Patil Yatnal and Ramesh Jarkiholi, they aimed to brand the state government as anti-Dalit pending high command...
Read MorePrime Minister Narendra Modi released 109 climate-resilient, high-yielding, and biofortified varieties of 61 crops. He urged Krishi Vigyan Kendras to inform farmers about these varieties, which are tailored for different agro-climatic zones. Modi emphasized their potential to boost yields and incomes, and encouraged sustainable farming. Agriculture minister Shivraj Singh Chouhan was present.
Read MoreA recent IITM study indicated a significant rise in extreme rainfall events in India by the end of the century due to high carbon dioxide emissions. The Western Ghats and central India are projected to be most affected. Areas with extremely heavy rainfall may increase by 18%, with intensity rising by 58%, impacting socio-economic...
Read MoreOdisha’s transport minister recently called for an investigation into helicopter rides taken by V K Pandian, a bureaucrat-turned-politician, between February and September last year. Questions have arisen about the costs and authorization of these rides, as 450 helipads were constructed using government funds. Officials promise a thorough probe into the expenditures and permissions involved.
Read MoreCharubala, the wife of former Manipur MLA Yamthong Haokip, was killed in an explosion in Kangpokpi district. The blast, initially suspected to be a militant attack, might have occurred while she was burning waste in an abandoned compound. Haokip and their daughter were unharmed. Haokip had switched from Congress to BJP before the 2022...
Read MoreThe 19th crest gate of the 71-year-old Tungabhadra dam in Karnataka malfunctioned, leading to potential flooding risks downstream in Karnataka and Andhra Pradesh. Engineers estimated that 60TMCFT of water needs to be drained before replacing the gate. Officials placed downstream districts on high alert, and Deputy CM DK Shivakumar assessed the situation at the...
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