The Reserve Bank of India aims to double investment limits for individual foreign investors in listed firms to 10%, with a view to enhance capital inflows. This move, confirmed by senior officials, seeks to extend privileges formerly exclusive to overseas Indians.
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Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Friday. While BSE Sensex was above 76,700, Nifty50 was above 23,250.
A 7.7-magnitude earthquake struck Myanmar, causing extensive damage and panic in Thailand and China. The tremor, followed by a significant aftershock, destroyed buildings, collapsed a bridge, and damaged infrastructure. Rescue operations are underway as people fled to safety, and emergency teams assess the situation amid warnings of possible aftershocks and further collapses.
The Enforcement Directorate (ED) raided Gensol Engineering Ltd offices and detained co-promoter Puneet Singh Jaggi amid financial misconduct allegations. This action, triggered by a SEBI report, accuses the Jaggi brothers of diverting funds obtained from Power Finance Corporation and IREDA Ltd into assets held by promoters and shell companies.
Infosys has terminated 240 trainees. These trainees did not pass internal assessment tests. This follows similar layoffs in February. The company offers upskilling programs and outplacement services. Affected trainees will receive severance benefits. Many trainees waited over two years to be onboarded. The macroeconomic slowdown caused project spending reduction. Results for the next batch are expected next week.
A Jeju Air flight from Bangkok to South Korea crashed during landing, killing 179 of the 181 onboard. The crash involved a 15-year-old Boeing 737-800 and may have been caused by a bird strike and landing gear malfunction. Both black boxes were recovered to assist with the investigation.
A sub-inspector in UP Police was arrested for allegedly attempting to rape a 27-year-old Dalit female colleague inside a police station in Mathura. The officer, who was under the influence, forcefully entered her room during the early hours and attempted assault before being detained. Departmental proceedings will lead to his termination.
Kannada cinema lost a beloved figure as veteran comedy actor Bank Janardhan passed away at 79 due to prolonged illness and multi-organ complications. Known for his impeccable comic timing and character roles in over 500 films, including Shhh! and Tarle Nan Maga, he also charmed audiences through television serials like Papa Pandu.
Chief Minister Yogi Adityanath attributed the pollution in the Ganga river to the British era. While addressing the Legislative Council, he mentioned that despite the pollution, the river remains sacred to the people.
Actor Allu Arjun was granted interim bail by the Telangana High Court after being arrested in connection with a deadly stampede at a movie theatre. While supporting Allu Arjun, fellow actor Kangana Ranaut emphasized the importance of accountability for all, regardless of status.
Srinagar, Kashmir, experienced its coldest December night in nearly 50 years as temperatures plummeted to -8.5°C during the start of Chillai Kalan, the harshest 40-day winter period. Widespread power outages have forced residents to rely on traditional heating methods like wood-fired 'hamams' and 'kangris'.