Action Financial News

Sebi) requires top listed companies to confirm, deny or clarify market rumours reported in mainstream media from June 1. Reena Zachariah looks at what it means for these companies: What's the new Sebi rule on market rumour verification?

Brandolini formulated this insight after reading Daniel Kahneman’s book, Thinking, Fast and Slow, and watching a heated political debate on Italian TV. Having watched many TV debates in India, I fully sympathise with Brandolini. The nonsense does tend to flow freely in political debates on TV. However, that’s not what I want to discuss. Apart from TV, the rise of social media and its army of finfluencers have made this principle more relevant than ever. These influencers often peddle bad personal finance advice with little accountability, leading many to make poor financial decisions based on dubious recommendations. In investing, the problem is exacerbated by an industry that actively encourages people to deceive themselves. This issue has become so pervasive that Sebi is starting to take serious action against it.

French Open marathon came the sprint. Defending champion Iga Swiatek swept into the quarterfinals at Roland Garros in just 40 minutes after a crushing 6-0, 6-0 win against Anastasia Potapova.

court than the courts of justice — the court of conscience. It supersedes all other courts. Persian moralist and mystic Shaikh Saadi wisely asserts that there exists a higher court than the human institutions of justice, namely, the court of conscience.

Congress and other INDIA bloc constituents as well as certain civil society groups are trying to undermine the integrity of India's electoral process, the BJP alleged on Sunday and urged the Election Commission to prevent any attempts of «violence and unrest» during counting of Lok Sabha poll votes on June 4. The poll panel was also urged by a BJP delegation comprising Union ministers Nirmala Sitharaman and Piyush Goyal to take cognisance of the «systematic attempts» being made to undermine the process and initiate stringent action against those responsible.

C V Ananda Bose on Sunday said he was worried after getting reports about post-poll violence in Sandeshkhali, and asked Chief Minister Mamata Banerjee to intervene immediately and restore peace there. Speaking to PTI, Bose said that he has written to Banerjee asking her to inform him about the action taken against those involved in the incidents of violence in Sandeshkhali in North 24 Parganas district.

Sikkim Democratic Front (SDF) vice president Bhaichung Bhutia lost the Barfung Assembly constituency in Namchi district to SKM's Rikshal Dorjee Bhutia on Sunday. The Sikkim Krantikari Morcha (SKM) candidate bagged 8,358 votes while Bhutia got 4,012 votes.

The NSE Nifty 50 concluded with a 0.2% increase at 22,531 points, while the S&P BSE Sensex saw a 0.1% gain, closing at 73,961. Initially, both benchmarks surged as much as 0.7% in early trade before retracing gains. Over the week, they posted a 1.9% decline.

Nifty ended the month in red, declining by 74 points to close at 22,530. However, since December, the index has been touching new peaks every month. High volatility was experienced due to the election season, the results of which will be declared on Tuesday, June 4. The week also witnessed high fluctuations as the index closed 2.5% lower on Friday from its all-time high of 23,110 on Monday. Currently, India VIX stands above the 24 mark.

PTI, the passengers will also have the option to credit the amount instead of using it for travel.Air India Executive Vice President and Chief Operating Officer Klaus Goersch wrote a letter to the passengers over the inordinate delay and the inconvenience caused to them.Also Read: Air India passengers faint on San Francisco-bound flight amid 8-hour delay; no AC, say fliersThe San Francisco flight from Delhi got delayed by 30 hours, before it took-off on Friday and landed in San Francisco on Saturday, after the flight duration of around 16 hours.The apology and travel voucher gesture comes after the Directorate General of Civil Aviation (DGCA) on Friday issued a show-cause notice to airlines for inordinate flight delays and failure to take care of passengers."Please allow me to sincerely apologise, on behalf of Air India, for the extended delay in bringing you to San Francisco, which was caused by several technical delays and other operational constraints," reported PTI quoting Klaus Goersch.Also Read: Air India gets DGCA's show-cause notice over two international flight delays and 'failure to take care of passengers'"We are very sorry for this lapse in our service and the inconvenience caused to you," Goersch said in May 31 letter.The letter said that as a gesture of apology, Air India has offered a "travel voucher worth USD 350" for future travel with the airline.The regulator has asked Air India why enforcement action shall not be initiated against the airline as flight Al-179 dated 24 May and flight Al- 183 dated 30 May were inordinately delayed.Milestone Alert! Livemint tops charts as the fastest growing news website in the world

screenshot of the LiveMint story, Kerala Congress asked, “Couple of months ago, online travel aggregator @EaseMyTrip made a nationalistic move by removing Maldives as a destination from their flight and hotel booking platform to support Modi. Now they have quietly resumed booking to Maldives.

Destiny series and the critically acclaimed Elden Ring. Here’s a look at 5 upcoming gaming titles releasing in the month of June that you can enjoy this summer.Star Wars: Hunters is set after the fall of the Galactic empire and in this action game you compete in third-person battleground combats in a place called the Arena, located on the planet of Vespaara.

Religare Enterprises has filed a defamation suit against shareholder advisory firm InGovern Research Services for publishing reports on the company without allegedly verifying facts and for not reaching out to its leadership for response. This is a rare case of a firm dragging a local shareholder advisory firm to court over its reports. InGovern confirmed receiving notices from Religare and said it has responded to them through its lawyers.

Dividend Stocks: Shares of several companies including ICICI Lombard General Insurance Company Ltd, ITC, Anand Rathi, Indian Bank, among several others will trade ex-dividend in the coming week starting from Monday, June 3. Along with these, some other stocks will also trade ex-split, ex-rights, and ex-bonus.

exit polls are giving a clear advantage to the Bharatiya Janata Party (BJP) led NDA faction, Street is expected to see focus turning to sectors including railways, defence, infrastructure and the blue-eyed PSUs. According to the exit polls, the National Democratic Alliance (NDA) is expected to get over 350 seats out of the 542 seats contested during the seven-phase election which spanned over 48 days. One constituency did not go for election as the Surat seat went to BJP unopposed.

allegations are being made against Pune MLA Sunil Tigre linking him to the Porsche crash that left two software engineers dead, Maharashtra Deputy Chief Minister Ajit Pawar said on Saturday. Tingres belongs to the Pawar-led Nationalist Congress Party (NCP) and represents the Vadgaon Sheri assembly constituency in Pune city.

top 100 listed companies by market capitalisation will have to confirm or deny any market rumour reported in the mainstream media from this Saturday. The rule will be applicable for top 250 companies from December 1.

Pune police on Saturday arrested the mother of the juvenile involved in the Porsche car accident case. This action follows confirmation that the blood samples of the juvenile were substituted with those of his mother, as stated by the city's police chief.

Godfrey Phillips executive director Samir Modi has accused his mother of orchestrating an attack on him, worsening the feud among the late KK Modi's family members over their inheritance. The younger son of KK Modi and Bina Modi lodged a complaint with Delhi Police on Friday, accusing his mother, her personal security officer (PSO) and Godfrey Phillips directors of causing him «grievous hurt».Bina Modi is also a director of Godfrey Phillips. «The incident happened on Thursday when I was trying to enter the scheduled board meeting of GP at Jasola in Delhi,» Modi told ET. «I was prevented by Bina Modi's PSO from entering the meeting. When I insisted, he tried to push me and said that I was not allowed to enter the board meeting.»

tackled and punched some protesters during scuffles that broke out in the crowd outside the museum while some demonstrators hurled plastic bottles at officers and shouted insults. Other protesters held banners, waved Palestinian flags and chanted boisterously on the steps of the grand, Beaux Arts museum, which is the city’s second largest. The rally started Friday afternoon across the street from the Barclays Center, home of the NBA's Brooklyn Nets.

Turkey’s president said his government won’t hesitate to act against Kurdish-led groups in northern Syria if they proceed with plans to hold local elections. It accuses the groups of having links to outlawed Kurdish militants in Turkey. The SDF said drone strikes hit its positions eight times as well as civilian homes and vehicles in and near the northern city of Qamishli.