The Central Government has proposed allowing the sale of raw sugar in the domestic market, a move that would overturn a regulation in place for more than six decades, which restricted the commodity’s sale exclusively for export, according to a report by The Economic Times. The proposal is part of the draft ‘Sugar (Control) Order, 2024’, issued by the Ministry of Consumer Affairs, Food, and Public Distribution.

IndiGo block deal: IndiGo share price today fell 2.9 per cent intraday to Rs 4,714.9 per share on the BSE on Thursday. The slide in indiGo share price came after nearly 22.65 million shares changed hands on the counter on the BSE amid block deals.

At 9:15 AM, a block of 22,652,485 shares changed hands on the BSE at a price of Rs 4,762.55 per share.

As many as 28 people lost their lives in rain-related incidents in Gujarat over the past three days.

Gujarat is facing severe flooding due to ongoing heavy rainfall, prompting the India Meteorological Department (IMD) to issue a ‘red alert’ for Thursday. The IMD has indicated that the deep depression over Saurashtra and Kachchh is likely to strengthen as it approaches the northeast Arabian Sea, potentially leading to more heavy rainfall in the region.

The Securities and Exchange Board of India (Sebi) plans to mandate the UPI block mechanism, also known as the ASBA-like facility, in the secondary market for Qualified Stock Brokers (QSBs).

QSBs are brokers with larger client sizes and thus more significance in the market ecosystem. Till now, the facility is mandatory only in the primary market (IPOs) and is currently optional for brokers to provide in the secondary market from January 2024.

Demanding enactment of stricter anti-rape laws by the Centre, TMC leader Abhishek Banerjee said he will move a private member's bill in the Lok Sabha.

The TMC national general secretary said that if the Centre "fails" to enact a stricter law that would ensure quick trial and sentencing of those found guilty, he will lead protests in Delhi.

Karnataka Home Minister G Parameshwara indicated on Wednesday that a delegation of ruling Congress legislators may meet President Droupadi Murmu to complain against Governor Thaawarchand Gehlot over his action of giving sanction for prosecution of Chief Minister in the Mysuru Urban Development Authority (MUDA) case.

He said a tentative plan has been made in this regard and a call is likely to be taken on the move after considering developments in the court.

A day after her release from jail in the Delhi excise policy case, BRS leader K Kavitha on Wednesday said she believes that justice will prevail and will continue her legal fight.

Kavitha, the daughter of former Telangana chief minister K Chandrashekar Rao, was released from the Tihar jail here on Tuesday evening after the Supreme Court granted her bail in corruption and money laundering cases linked to the now-scrapped 2021-22 excise policy.

West Bengal Chief Minister Mamata Banerjee has questioned the progress in the CBI's investigation into Kolkata doctor's rape-murder case. The TMC chief also questioned 'where is justice' as 16 days have passed since CBI took over the case.

Addressing a public event on Wednesday to mark the foundation day of Trinamool Congress's students' wing, CM Banerjee, "I asked for five days' time, but the case was sent to the CBI.

Union Finance Minister Nirmala Sitharaman on Tuesday said the Unified Pension Scheme (UPS) is “not a compulsion for states”, as they are capable of taking their own decisions.

She, however, expressed hope that most states would adopt UPS “as it has a lot of benefits for employees”.

In a fresh shot to get listed, the National Stock Exchange (NSE) has filed for a no-objection certificate (NOC) with the Securities and Exchange Board of India (Sebi) for the approval of its initial public offering (IPO).

In its annual general meeting held on Tuesday, the exchange informed shareholders about the development.

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