dnyan pravah news

Fatehpur: Clash Erupts During Development Work Inspection; 43 FIRs Filed, SO Suspended

19Dec

By sd newsNo Comments

State, Uttar Pradesh

Fatehpur: Clash Erupts During Development Work Inspection; 43 FIRs Filed, SO Suspended

Fatehpur, Uttar Pradesh: A routine inspection of development projects in Fatehpur turned violent on Wednesday when two rival groups clashed in Sarkandi village. The incident, which left several people injured, prompted swift action by the police, including the suspension of the local Station Officer (SO) and the filing of 43 FIRs against named and unidentified individuals. The inspection team had arrived in the village to investigate allegations of irregularities in local development work, filed by Ashok Nigam, also known as Guddu, with the district administration. Present at the site were the current village headman’s husband, Santosh Dwivedi, and members of the complainant’s group. Violence Erupts Despite Police PresenceTensions escalated a short distance away in Sarkandi Khas, whe...

Love Marriage Turns Violent in Rajasthan: Noses and Limbs Injured in Family Clash

19Dec

By sd newsNo Comments

Rajasthan, State

Love Marriage Turns Violent in Rajasthan: Noses and Limbs Injured in Family Clash

Barmer, Rajasthan: A seemingly simple love marriage in Barmer’s Gudamalani area has escalated into a violent family feud, leaving two people seriously injured. Police have arrested seven individuals, and separate cases have been registered on complaints from both sides. The incident occurred in Jiwanion Ki Dhani, where 25-year-old Shravan Singh married a local girl about two and a half years ago, against her family’s wishes. Tensions between the two families had been simmering ever since. On Friday, the conflict turned violent. According to reports, Shravan Singh’s elder brother, Uk Singh, went to the fields to inspect crops when the girl’s uncle, Dharm Singh, along with his associates, attacked him. Uk Singh was slashed with a knife, resulting in a severe injury to his nose. Upon...

French Billionaire Bernard Arnault Joins L Catterton in Haldiram Investment

19Dec

By sd newsNo Comments

Business

French Billionaire Bernard Arnault Joins L Catterton in Haldiram Investment

India’s largest snacks and sweets brand, Haldiram, has attracted a new investor as the renowned U.S.-based private equity (PE) firm L Catterton acquires a minority stake in the company. The deal comes on the heels of earlier investments by Singapore’s Temasek, UAE-based IHC, and U.S.-based Alpha Wave Global, who together hold over 10% in Haldiram. The valuation of the deal stands at $10 billion. About the Investment:L Catterton, which is backed by French luxury group LVMH and its chairman Bernard Arnault’s family holding company, Group Arnault, made the investment through its India-focused $400 million fund launched earlier this year. The fund aims to invest between $25 million and $150 million in Indian consumer businesses. While L Catterton has not disclosed specific details of the st...

Promoters Sell Record ₹1.5 Lakh Crore in 2025: What This Means for Investors

19Dec

By sd newsNo Comments

Business

Promoters Sell Record ₹1.5 Lakh Crore in 2025: What This Means for Investors

Promoters across India have broken all records with massive share sales in 2025, selling over ₹1.5 lakh crore worth of shares—up from ₹1.43 lakh crore last year. This marks the third consecutive year that promoter sales have crossed the ₹1 lakh crore threshold, sparking debates over the reasons behind such large-scale divestments. How the Sales Were Executed:According to Prime Database, around ₹1.35 lakh crore of the total sales occurred through 352 block and bulk deals. Additionally, over ₹18,000 crore worth of shares were sold via Offer-for-Sale (OFS) on stock exchanges. Market analysts caution some investors that such extensive selling could signal caution, but the underlying story is more nuanced. Impact on Ownership:By June 2025, the shareholding of private promoters in Indian c...

₹80 Crore Fraud at Standard Chartered Bank: Could Your Account Be Affected?

19Dec

By sd newsNo Comments

Business

₹80 Crore Fraud at Standard Chartered Bank: Could Your Account Be Affected?

A major fraud has surfaced at a Standard Chartered Bank branch in Bangalore, involving the bank’s wealthy clients. The issue first came to light last month when a customer reported missing funds, and subsequent investigations indicate that the fraud may involve at least ₹80 crore. The bank has now expanded the scope of its inquiry. Incident Details:The case began in November when a customer from the MG Road branch in Bangalore reported that ₹2.7 crore had disappeared from their account. Following this, several other clients have come forward, alleging irregularities with their funds. The Karnataka government has instructed the Bangalore City Police to transfer the case to the Criminal Investigation Department (CID) due to the substantial amount involved, exceeding ₹5 crore. Standard Cha...

Good News from the U.S. Sends Indian Stock Market Soaring: Sensex Jumps Over 500 Points, Nifty Crosses 25,950

19Dec

By sd newsNo Comments

Business

Good News from the U.S. Sends Indian Stock Market Soaring: Sensex Jumps Over 500 Points, Nifty Crosses 25,950

After four consecutive days of decline, the Indian stock market witnessed a strong rally on Friday. The BSE Sensex surged over 500 points in early trade, while the Nifty50 index crossed the 25,950 mark. At 10:00 AM, the Sensex was trading at 84,980.50 points, up 498.69 points or 0.59%, and the Nifty50 was at 25,957.05 points, up 141.50 points or 0.55%. This marks the first significant upswing in the market this week. Sectoral Performance and Movers:Shares of Tata Motors PV, Reliance Industries, BEL, Infosys, Bajaj Finance, and TCS led the gains, rising up to 1.78%. On the other hand, Tech Mahindra and HCL Tech saw a minor decline in early trade. Reasons Behind the Rally: U.S. Inflation Eases:The U.S. reported a slight moderation in inflation, raising hopes that the Federal Res...

ICICI Prudential AMC IPO Surges Over 1,000x on Listing, Rewarding Investors Handsomely

19Dec

By sd newsNo Comments

Business

ICICI Prudential AMC IPO Surges Over 1,000x on Listing, Rewarding Investors Handsomely

Mumbai: ICICI Prudential Asset Management Company (AMC) made headlines today as its Initial Public Offering (IPO) debuted on the stock market with spectacular gains for investors. The IPO, which had a face value of ₹1 per share, was listed at ₹2,606.20 on the BSE, giving early investors an impressive 20.38% profit on the very first day. The shares had been offered at ₹2,165 each during the IPO, meaning investors earned ₹441.20 per share on listing day. This IPO, valued at ₹10,602 crore, ranks among the largest in 2025 and was oversubscribed a staggering 39.17 times. Grey Market Premium (GMP) SurgeAhead of the listing, the share’s grey market premium (GMP) had reached around 24.62%, or ₹533 per share, reflecting strong market enthusiasm. Strong Investor ResponseThe IPO received tre...

Japan Hikes Interest Rates to 30-Year High While India and US Cut Rates

19Dec

By sd newsNo Comments

Business

Japan Hikes Interest Rates to 30-Year High While India and US Cut Rates

In a significant move, the Bank of Japan (BOJ) has raised its short-term interest rates, pushing them to the highest level in three decades. The central bank increased rates from 0.5% to 0.75%, a level last seen in 1995, during the aftermath of Japan’s asset bubble burst. This marks a major step towards normalizing monetary policy after decades of ultra-low borrowing costs. The BOJ indicated that rates could rise further beyond next year if economic conditions continue to support inflation targets. “Even after this policy change, real interest rates are expected to remain significantly negative, and accommodative financial conditions will continue to strongly support economic activity,” the bank stated. This decision comes at a time when other major economies, including India and the...

ED Releases ₹312 Crore to Former Kingfisher Employees, Vijay Mallya Celebrates Birthday in London

19Dec

By sd newsNo Comments

Business

ED Releases ₹312 Crore to Former Kingfisher Employees, Vijay Mallya Celebrates Birthday in London

In a significant development for former employees of the defunct Kingfisher Airlines, the Enforcement Directorate (ED) has released ₹312 crore towards long-pending dues. The funds, which were recovered from assets linked to fugitive businessman Vijay Mallya, were transferred to the official liquidator following an order from the Chennai Debt Recovery Tribunal (DRT). Vijay Mallya, currently residing in London, was recently seen celebrating his birthday, drawing attention to the stark contrast between his personal celebrations and the long-standing claims of the airline’s former staff. The DRT had authorized the release of proceeds from the sale of shares previously returned by the ED to SBI, ensuring that employees finally received their dues. Mallya, the former Kingfisher Airlines...

8th Pay Commission: Delay Could Affect Allowances for Central Employees

19Dec

By sd newsNo Comments

Business

8th Pay Commission: Delay Could Affect Allowances for Central Employees

The central government has formally constituted the 8th Pay Commission, and millions of employees are eagerly awaiting its recommendations. The 7th Pay Commission tenure ends on 31 December 2025, and the 8th Pay Commission is expected to start from 1 January 2026, although no official notification has been issued regarding arrears for central employees and pensioners. Timeline and ImplementationIn November 2025, the Ministry of Finance allotted the new pay commission 18 months to submit its report. Experts estimate that it could take an additional 6 months to implement the recommendations. This raises concerns about potential losses for employees and pensioners if the commission’s implementation is delayed. Allowances Most AffectedAccording to reports, the primary allowances for most...