Insider Trading Detected: SEBI takes strict action against 5 IndusInd Bank top executives

Capital market regulator SEBI has cracked the whip on five top executives at IndusInd Bank in connection with suspected insider trading. According to an ex parte interim order issued by the market watchdog, the IndusInd Bank officials used undisclosed price sensitive information to offload certain securities to illegal avoid imminent losses worth an estimated Rs 19.78…

Covid 19 Latest Update: Chennai reports corona virus fatality as 60-year-old dies at Rajiv Gandhi government hospital

Covid 19 Latest Update: A 60-year-old man undergoing treatment for Covid-19 at the Rajiv Gandhi Government General Hospital (RGGGH) in Chennai passed away on Wednesday, marking a Covid-linked fatality in the city after a prolonged period of low mortality. The deceased, identified as Mohan, had been admitted to the hospital with a history of multiple…

Maharashtra Weather News: Early monsoon brings heavy rain, several stranded; train services halted in Mumbai

The monsoon, which usually hits Maharashtra around June 11, arrived in the state in 15 days earlier this year. This year, the rainy season began in Sindhudurg district on May 25, and in Mumbai by May 26, a statement released by the Maharashtra government stated. According to the Meteorological Department, a low-pressure area developed over…

Analysts see double-digit returns from largecap & midcap stocks; Tata Investment, Inox Wind, Netweb Tech on the list

Domestic brokerage firms have shared several short-term investment ideas that could deliver double-digit returns in the upcoming months. From established companies like Tata Investment to emerging players such as Netweb Technologies, analysts are positive on these stocks across different sectors. Analysts at Anand Rathi, Axis Securities, and SBI Securities have recommended buying these stocks with…

Government Takes Action Against Dark Patterns: 11 E-commerce firms receive notices

The consumer affairs ministry had a meeting with key e-commerce companies today, on 28 May, to tackle dark patterns that mislead consumers. The meeting focused on auditing the companies’ practices regarding transparent disclosure of information to customers about donations or other collections. The Ministry of Consumer Affairs has taken a major step to protect consumers…

Weeks after Operation Sindoor, mock drill in five border states tomorrow; check if your city is on the list

The Government of India will conduct civil defence mock drills tomorrow, May 29, in five regions bordering Pakistan—Gujarat, Rajasthan, Punjab, Haryana, and Jammu and Kashmir. These exercises come weeks after India launched ‘Operation Sindoor’ targeting terrorist sites in Pakistan and Pakistan-occupied Jammu and Kashmir (PoJK). The drills aim to assess emergency preparedness in case of…