The objective of the attack by US-based short seller Hindenburg on the Adani group shares last year was not only to destabilise the group but also to politically defame India’s governance practices, said Gautam Adani, chairman of the Adani group, in Mumbai on Monday.

Despite efforts to shake our foundations, we stood firm, not just safeguarding our reputation but also ensuring we remained focused on our operations. While there were several learnings, this episode also gave us confidence in our resilience. Our recovery highlights the essence of bouncing back stronger, symbolising the spirit of rising after every fall.

Ahead of the announcement of dates for the Lok Sabha (LS) elections by the Election Commission of India, the Centre on Tuesday notified the rules for implementing the contentious Citizenship (Amendment) Act, 2019 (CAA), four years and three months after Parliament passed it on December 11, 2019.

The law will enable the government to grant Indian nationality to persecuted religious minorities — Hindus, Jains, Parsis, Christians, Buddhists, and Sikhs — from Bangladesh, Pakistan, and Afghanistan who had come to India until December 31, 2014.

Over 600 stocks were locked in their respective lower circuits on BSE in Tuesday's trade with no buyers seen in these counters as the sharp sell-off in small and micro-cap stocks continued for a second day amid regulatory concerns.

At 11:30 am; as many as 614 stocks were locked in the lower-circuit. Total 34 stocks from the S&P BSE Smallcap index were frozen at the 5 per cent lower circuit, including Tata Investment Corp, Dredging Corp, Waaree Renewable, Apollo Micro Systems, Himadri Speciality Chemical and Inox Wind.

Prime Minister Narendra Modi on Tuesday inaugurated and laid the foundation stone of Rs 85,000 crore railway projects, including the launch of 10 new Vande Bharat trains.

The PM launched the projects from Sabarmati area of Ahmedabad in Gujarat after visiting the Dedicated Freight Corridor's (DFC) Operation Control Centre here.

R K Swamy (RKSL) made a weak stock market debut on Tuesday as its shares got listed at Rs 250, a 13 per cent discount against its issue price of Rs 288 per share, on the National Stock Exchange (NSE). The stock of the advertising & media agency firm opened at Rs 252 on the BSE.

Post listing, the stock hit a high of Rs 284.90 and a low of Rs 243 on the NSE. At 10:05 AM, RKSL was trading at Rs 281.80, 13 per cent higher from its opening level and 2 per cent lower against its issue price. A combined 4.7 million equity shares have changed hands on the NSE and BSE thus far in trade.

In yet another controversial move, cash-strapped edtech company Byju’s has given up all its regional sales offices across India, keeping only its headquarters at IBC, Knowledge Park, Bengaluru. The offices which have been given up could be well over 20 cutting across Delhi, Gurugram, Mumbai, Pune, Hyderabad, Chennai, and more.

While the restructuring of office space started a few months ago under Chief Executive Arjun Mohan, a final decision was taken recently to shut all regional sales offices to save cost in the midst of a severe funding crunch and valuation markdown, according to sources.

Bank of Baroda (BoB) has announced the launch of the bob Earth Green Term Deposit Scheme, aimed at raising deposits for financing eligible environment-friendly projects and sectors, the bank said in a release on Monday. The scheme offers customers the dual benefits of stable financial returns and contribution to a greener planet. It offers annual interest rates, ranging from 6.75 per cent for a tenure of 12 to 18 months to 7.15 per cent for 777 days. Additionally, for longer tenures of 1,111 days, 1,717 days, and 2,201 days, the interest rates are set at 6.40 per cent per annum. Funds collected through this scheme will be directed towards financing green initiatives such as renewable energy and clean transportation, said the bank.

Bengaluru's Rameshwaram Cafe where an explosion took place at the start of this month is set to reopen on Saturday. Raghavendra Rao, the owner of Rameshwaram Cafe informed that all precautionary measures have been taken to ensure security at the outlet.

"We are re-opening the cafe tomorrow. We start our day with the national anthem. It is our mantra. We have given all CCTV footage and information. We are cooperating with them. We are very thankful to the government for helping us reopen the cafe so soon. NIA will soon bring the culprit before us. We have taken all precautions before reopening," Rao told ANI.

Amid, PM Narendra Modi's claim ‘Ab ki baar, NDA sarkar, 400 paar…’, a survey shows though the alliance will witness a landslide win in the upcoming Lok Sabha elections 2024, it is likely to full short of 400 target by a few seats.

As per the TN-ETG Research survey, the NDA is likely to win 358-398 seats, while I.N.D.I.A might gain about 110 to 130.

Auctions for eight high-frequency spectrum bands will begin on May 20, the Department of Telecommunications (DoT) announced on Monday, inviting bid applications from telecom operators.

The last date for submission of bids is April 22. Applications for entering the auctions come with a non-refundable processing fee of Rs 1 lakh. The bids made would be valid up to September 30.

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