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«Nifty in the meantime is expected to remain in a narrow range with some stock-specific action in the broader market,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETS

IAG installed an algorithm that deliberately inflated premium calculations for customers perceived as more likely to stay with the insurance giant, a new regulatory lawsuit alleges.

US government has sued Elon Musk’s SpaceX. The Department of Justice has accused the private rocket and satellite company of discriminating against asylum seekers in its hiring process. It has said that Space X has falsely claimed that it is not allowed to hire non-U.S. citizens. Talking to BBC, Assistant Attorney General of the DOJ's Civil Rights Division, Kristen Clarke said that SpaceX did not hire asylum seekers and refugees because of their citizenship status. He said that it is tantamount to a ban on their hiring and it violated the federal law. He also said that the SpaceX officials took actions that discouraged the asylum seekers and refugees from seeking jobs with the space company. The lawsuit has also alleged that from September 2018 to May 2022, SpaceX routinely discouraged asylum seekers and refugees from applying and refused to hire them because of their citizenship status, which is a violation of the Immigration and Citizenship Act. The Department of Justice also said that in the job postings and public statements Elon Musk’s satellite company has falsely claimed that under the export control law, SpaceX could hire only the U.S. citizens or lawful permanent residents called the ‘green card holders’. The lawsuit also cited Elon Musk’s June 2020 post on Twitter in which he said that the U.S. law requires at least a green card to be hired at SpaceX as rockets are advanced weapons technology.

Reliance Communications has said that any action taken by the Union Bank of India for initiation of any proceedings to identify the bankrupt telco's loan accounts as fraudulent is not legally tenable since the company is undergoing the corporate insolvency resolution. In a filing to the Bombay Stock Exchange on Thursday, Rcom also pointed out that the query regarding irregularities in the bank accounts as mentioned by the Union Bank of India relate to transactions between April 1, 2013 and March 31, 2017, which is prior to the date of initiation of insolvency proceedings, and hence the resolution professional is not obligated to respond to the same. «The bank may note that specifically in light of Section 14(1)(a) of the Code, on account of the prevailing moratorium, there exists a prohibition on inter alia the institution/continuation of any suits/ proceedings against the Corporate Debtor (Rcom), including the execution of any judgement, decree or order in any court of law, tribunal, arbitration panel or other authority,» the telco wrote in its letter to the Union Bank.

mental health in a post-Covid world, mental health platforms are eyeing robust growth on the back of increased corporate tie-ups and government action in the form of policies to drive access and awareness. A host of companies like Amaha, Veda Rehabilitation and Wellness,1to1help.net, MindPeers, and Sukoon are eyeing rapid expansion on the back of a surge in partnerships with corporates, as well as increased awareness about the space. Organising corporate mental wellness retreats, deploying AI-powered tools, and closing international clients are also on their agenda. Earlier this month, Bollywood actor Suniel Shetty collaborated with Veda Rehabilitation and Wellness to launch a new mental health app called 'Lets Get Happi'. The app has been downloaded over 20,000 times so far, said Manun Thakur, founder. «We have been approached by over 23 corporates to work with them; most of them want a hybrid of offline (mini-centres at their office) as well as online support.

The Commodity Futures Trading Commission (CFTC) has filed a complaint against Rene Larralde, Juan Pablo Valcarce, Brian Early, Alisha Ann Kingrey, and their unincorporated entity, Fundsz, in the U.S. District Court for the Middle District of Florida. The complaint, announced on August 2, 2023, charges the defendants with fraudulent solicitation from clients to purportedly trade in cryptocurrencies and precious metals.

₹50.02 crore, including interest, for not complying with the phased manufacturing programme norms under FAME II. It had claimed subsidies worth ₹44.3 crore. Under the norms, EV manufacturers benefiting from FAME II scheme need to manufacture the vehicles and components indigenously.

MUMBAI : Members of the central bank’s monetary policy committee (MPC) have reaffirmed their commitment to bring down inflation to the 4% target amid a sudden spike in vegetable prices, minutes of the MPC meeting released on Thursday showed. Earlier this month, MPC unanimously voted to keep repo rate unchanged at 6.5% for the third straight meeting. The members, however, did not signal the need for any rate action at this point unless food inflation gets generalized.

New Delhi: Months after a US short seller shook markets with a damning report on the Adani group, the Organised Crime and Corruption Reporting Project (OCCRP) - an organisation funded by likes of George Soros and Rockefeller Brothers Fund - is said to be planning another 'expose' on certain corporate houses in India, sources said. OCCRP, which calls itself "an investigative reporting platform formed by 24 nonprofit investigative centres... spread across Europe, Africa, Asia and Latin America, may publish a report or a series of articles, three sources with knowledge of the matter said.

Mint on the sidelines of The Indian Digital Gaming Society (IDGS) gaming conclave. In June last year, the ministry had completely banned these platforms from using any form of advertising to promote these offshore companies. In March, it emphasized that while betting company advertisements have significantly reduced, it is now considering further action to eliminate outdoor media displays, such as hoardings, posters, banners, and auto rickshaw branding.

leadership, a key recommendation was to develop a common regulatory framework for generative artificial intelligence (AI)—a nascent field of technology finding adoption across various industries and governance—said N. Chandrasekaran, chairman, Tata Sons and chairperson of B20 India. Speaking at a press conference ahead of the three-day B20 India Summit, Chandrasekaran said, “Digital transformation by adopting AI at a scale is one of key objectives of this summit.

By Brendan Pierson

WASHINGTON (Reuters) — The Federal Aviation Administration (FAA) said Thursday it is considering subjecting high-volume charter flight operators to stricter regulations imposed on passenger airlines.

Editors Guild of India and other media bodies on Thursday voiced concern over the blocking of the website and the de-activation of social media accounts of Srinagar-based news website Kashmir Walla. The Guild is disturbed by the censorship measures undertaken by the Union Ministry of Electronics and Information Technology without following due processes and against the principles of natural justice, the Editors Guild of India said in a statement here. A joint statement issued by the Press Club of India, Press Association, Indian Women Press Corps, Delhi Union of Journalists and the Working News Cameraman Association demanded immediate restoration of the Kashmir Walla and Gaon Savera websites. According to the joint statement, «Apparently, no reason was given for taking such drastic action either to the owners of the websites or the public.

Here's what analysts predict for the market: “The US market displayed a positive trend as a declining US PMI reignited hopes for a prolonged rate pause, calming US bond yields. While optimism in the domestic market was apparent in the IT sector, sentiments in other major sectors likely waned due to global uncertainties.

Federal regulators are proposing a series of rules changes aimed at toughening safety requirements for millions of miles of gas distribution pipelines nationwide following a string of gas explosions in Massachusetts in 2018

Soros and Rockefeller Brothers Fund — is said to be planning another 'expose' on certain corporate houses in India, sources said. OCCRP, which calls itself «an investigative reporting platform formed by 24 nonprofit investigative centres… spread across Europe, Africa, Asia and Latin America, may publish a report or a series of articles, three sources with knowledge of the matter said. An email sent to OCCRP seeking comments remained unanswered. Founded in 2006, OCCRP claims to specialize in reporting on organized crime and largely publishes these news articles through partnerships with media houses. On its website, it identifies the Open Society Foundations of George Soros, a financier with a penchant for funding radical causes around the world, as one of the institutional donors.

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N Chandrasekaran, chair, B20 India, Thursday, lauding India’s growth trajectory. “We are the fifth largest economy, and we have a lot of things going for us. Just not in terms of economic growth, but in terms of infrastructure as well,” the chairman of Tata Sons said on the eve of the B20 Summit India 2023, organised by the Confederation of Indian Industry in New Delhi. Chandrasekaran noted that India stood at the cusp of changes happening worldwide. “Be it digital, energy, or supply chain resilience and transition due to geopolitical situation.

Mother Nature is playing a double game with the natural gas market. The question is, which one will win?

₹5,797 crore during the session. As per the NSE data, FIIs cumulatively bought ₹12,992.74 crore of Indian equities, while they sold ₹11,467.87 crore --- resulting in an inflow of ₹1,524.87 crore.