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Supreme Court has stayed further proceedings in an FIR filed against top brass, including IREO Group Managing Director Lalit Goyal and Oberoi Realty Chairman and Managing Director Vikas Oberoi, under various sections of cheating, criminal breach of trust and forgery. While seeking response from the Haryana police and others, a vacation Bench comprising Justices Sanjay Kumar and Justice Augustine George Masih said: “...we find that the second complaint (against IREO and Oberoi officials) was made without disclosing the fact that the first complaint had been made, albeit in relation to the letter dated September 9, 2022 supposedly addressed by the complainant (one Chandan Singh) itself which was attacked as a forgery. Significantly, the second complaint does not even mention this letter though it was of relevance.” “The question as to whether the filing of the second complaint would amount to an abuse of process and as to whether the complainant approached the Court with unclean hands requires further examination,” the apex court said, while posting the matter for further hearing on July 29.

Rahul Gandhi on Tuesday resigned from Wayanad seat of Lok Sabha, said the official notification. Earlier during the day, the Congress leader formally informed the Lok Sabha Speaker's office about retaining the Raebareli Lok Sabha seat and vacating the Wayanad Lok Sabha seat. Priyanka Gandhi enters political arena:

disbursements at Rs 1.46 lakh crore in financial year 2023-24. According to Fintech Association for Consumer Empowerment (FACE), the number of loans disbursed grew by 35 per cent to over 10 crore borrowings in FY24. It can be noted that the Reserve Bank has been public with its concerns on some of the practices adopted by such lenders, and has also formulated draft guidelines for their operations. «The digital lending sector is responsibly driving ahead with a sharp focus on customer-centricity, compliance, risk management and sustainable business models,» FACE's chief executive Sugandh Saxena said in a statement

Ford plans further job cuts in Germany, Spain and the U.K., the head of the worker's council for the US automaker in Germany told Reuters on Tuesday. It is unclear how many additional job cuts are foreseen in Germany under the new restructuring plan, which comes on top of a previous restructuring program, said the head of the works council at Ford's Cologne plant, Benjamin Gruschka. Gruschka added that a decision is expected by end June.

US health regulator for its generic Dabigatran Etexilate capsules 75 mg and 150 mg used to reduce risk of stroke and blood clots in adults with a certain medical condition. The US Food & Drug Administration (USFDA) has also granted tentative approval for the Abbreviated New Drug Application (ANDA) for Dabigatran Etexilate capsules 110 mg, Alembic Pharmaceuticals, said in a statement. The approved ANDA is therapeutically equivalent to the Reference Listed Drug product (RLD), Pradaxa Capsules, 75 mg, 110 mg, and 150 mg of Boehringer Ingelheim Pharmaceuticals, Inc. (Boehringer), it added. The Dabigatran Etexilate capsules are indicated for the reduction of risk of stroke and systemic embolism in adults who have a medical condition called atrial fibrillation that is not caused by a heart valve problem.

The NSE Nifty index closed 92.31 points up at 23557.9, while BSE Sensex ended up 308.37 points at 77301.14.

Indian fishermen were arrested and their trawler seized early on Tuesday by the Sri Lanka Navy for allegedly poaching in the island nation's waters, taking the total number of such arrests to more than 180 this year. «In the latest incident of alleged poaching by Indians, one Indian trawler was seized and four fishermen were arrested early on Tuesday around the northern islet of Delft in the Jaffna peninsula,» Sri Lanka Navy said here. Including Tuesday's arrests, a total of 182 Indian fishermen have been arrested and 25 of their trawlers seized so far in 2024 for alleged illegal fishing in Sri Lankan waters, the Navy said. The numbers are almost 75 per cent of the approximate 240-245 held similarly in 2023.

Shree Cements Ltd. slipped 0.16 per cent to Rs 27473.15 in Tuesday's trade as of 01:18PM (IST). It hit a high of Rs 27630.3 and low of Rs 27281.6 during the session. The stock quoted a 52-week high price of Rs 30710.15 and a low of Rs 22601.3. The return on equity for the stock stood at 11.57 per cent. About 236 shares have changed hands on the counter so far.

Federal Bank Ltd. gained 0.71 per cent to Rs 175.6 in Tuesday's trade as of 01:03PM (IST). It hit a high of Rs 176.2 and low of Rs 173.25 during the session. The stock quoted a 52-week high price of Rs 176.2 and a low of Rs 120.9. The return on equity for the stock stood at 14.3 per cent. About 375,718 shares have changed hands on the counter so far.

special Lok Adalat from July 29 to August 3 to facilitate amicable settlement of suitable pending cases. The special Lok Adalat will be organised in the 75th year of the establishment of the apex court, which came into existence on January 26, 1950 with the coming into force of the Constitution. In a statement, the apex court said Lok Adalats are an integral component of judicial system in the country, enhancing alternative dispute resolution as a means of expediting and fostering amicable settlements. «In the 75th year of its establishment, the Supreme Court of India is organising a Special Lok Adalat from July 29, 2024 to August 3, 2024 to facilitate amicable settlements of suitable pending cases,» it said.

Trent Ltd. traded 2.87 per cent up at Rs 5404.25 at 01:13PM (IST) on Tuesday, even as BSE benchmark Sensex gained 189.01 points to 77181.78. The scrip had settled at Rs 5253.05 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 5451.05 and Rs 1657.25, respectively.

The NSE Nifty index was trading 82.71 points up at 23548.3, while BSE Sensex was up 269.86 points at 77262.63 at the time of writing this report.

Tata Elxsi Ltd. gained 0.17 per cent to Rs 7278.85 in Tuesday's trade. It hit a high of Rs 7369.95 and low of Rs 7277.95 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 7735.17, while the 50-DMA was at Rs 7279.23. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Eknath Shinde held a late night meeting with Deputy CMs Devendra Fadnavis and Ajit Pawar after which some state BJP leaders left for Delhi for a review meet, sources said on Tuesday. Details of the meeting were not available. It was convened in the backdrop of the ruling Mahayuti's below par performance in the recently-concluded Lok Sabha elections. «CM Shinde held a meeting with Fadnavis and Ajit Pawar at his official residence 'Varsha'. After Pawar left, Shinde and Fadnavis continued the meeting for some time,» a source in the BJP said on Tuesday. BJP's central leadership has called a review meeting with state leaders in connection with the party's performance in the Lok Sabha polls.

ICICI Lombard General Insurance Company with a target price of Rs 2100. The current market price of ICICI Lombard General Insurance Company Ltd. is Rs 1730.1. ICICI Lombard General Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 85278.90 Crore) operating in Financial Services sector.

Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 364179.85 Crore) operating in Auto sector.

Macrotech Developers with a target price of Rs 1770. The current market price of Macrotech Developers is Rs 1556.25. Macrotech Developers Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 154846.78 Crore) operating in Real Estate sector.

Mahindra Financial Services Ltd. is Rs 297. Mahindra & Mahindra Financial Services Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 36936.17 Crore) operating in NBFC sector.

Fitch Ratings on Tuesday raised India's growth forecast to 7.2 per cent for FY25. Meanwhile, it said that the global growth is expected to slow in 2025 despite monetary easing in 2024.

Gold prices slipped on Monday, hurt by higher Treasury yields, while investors awaited more US data and comments from Federal Reserve officials throughout the week for more cues on the outlook for monetary policy. Spot gold was down 0.8% at $2,315.14 per ounce as of 12:33 p.m. ET (16:33 GMT). US gold futures fell 0.8% to $2,330.10. «There's really a lack of major fresh fundamental news, so the gold market is looking to the outside markets for direction,» said Jim Wyckoff, senior market analyst at Kitco Metals.

Prime Minister Narendra Modi is expected to propose the name of the new Lok Sabha Speaker on June 25. This announcement will come as the 18th Lok Sabha session kicks off, running from June 24 to July 3, with an anticipated reconvening for the Budget session in late July.