Equity market benchmark indices Sensex and Nifty tumbled in early trade on August 5 in line with extremely weak trends in global markets amid fears of a slowdown in the U.S .economy and foreign fund outflows.

The 30-share BSE Sensex tanked 2,401.49 points to 78,580.46 in early trade. The NSE Nifty tumbled 489.65 points to 24,228.05.

In a setback to the Aam Aadami Party (AAP), the Supreme Court on Monday upheld Delhi Lieutenant Governor's decision to nominate 10 'aldermen' to the Municipal Corporation of Delhi (MCD).

A bench of Chief Justice of India DY Chandrachud and Justices Narasimha, JB Pardiwala said that LG is expected to act as per the statutory mandate and not as per the aid and advice of the Delhi government.

Nearly 100 people, including 14 policemen, were killed and hundreds injured on Sunday in fierce clashes between protesters demanding Prime Minister Sheikh Hasina's resignation and the ruling party supporters in different parts of Bangladesh, forcing authorities to cut off mobile internet and enforce a nationwide curfew for an indefinite period.

Maharashtra Deputy Chief Minister Ajit Pawar, who heads the ruling NCP, on Friday said he would quit politics if the veracity of the reports about him visiting New Delhi in disguise to meet Union Home Minister Amit Shah before his party forged an alliance with the BJP, was proven. But if the reports are found to be wrong, those who made these allegations against him should quit politics, he challenged the leaders from the opposition parties, as he alleged that efforts were on to defame him.

The Securities and Exchange Board of India (Sebi) is considering simpler documents for filing initial public offerings (IPOs), seeking to reduce complexities in the listing process and speed up approvals.

Sebi chairperson Madhabi Puri Buch said on Friday the market regulator is considering "demystified filing" of offer documents that will have a fill-in-the-blank kind of format and a separate section for explaining complexities.

Shares of Neuland Laboratories crossed the Rs 10,000 mark for the first-ever time in intra-day deals on Friday. The stock hit a new high of Rs 11,093.15, on rallyig 18 per cent on the BSE in an otherwise weak market on the back of robust earnings for the June 2024 quarter (Q1FY25). In comparison, the BSE Sensex was down 0.80 per centat 81,196 at 01:50 pm.

In the past two days, the stock of this smallcap pharmaceutical company has surged 27 per cent. It has zoomed 83 per cent in the past two months and has skyrocketed 725 per cent in two years.

Kerala Health Minister Veena George on Friday confirmed 308 deaths in the multiple landslides that hit Wayanad on July 30.

The rescue and relief operations are underway in Chooralmala and Mundakkai in the Meppadi region where the landslides wreaked havoc.

The Indian rupee is likely to hover near its all-time low at open on Friday, unable to benefit from a drop in US bond yields, with traders expecting intervention from the Reserve Bank of India to continue limiting the currency's losses.

Non-deliverable forwards indicate rupee will open at around 83.73-83.74 against the US dollar, marginally weaker than its close at 83.7175 in the previous session.

In the Rs 32,400 crore Goods and Services Tax (GST) demand on Infosys, the Karnataka State authorities have withdrawn the pre-show cause notice to the company.

In a regulatory filing, the company said: “The company has received a communication from Karnataka State authorities, withdrawing the pre-show cause notice and has directed the company to submit further response to the Directorate General of GST Intelligence (DGGI) central authority on this matter.”

Food aggregator platform Zomato on Thursday reported a consolidated profit of Rs 253 crore in the first quarter (Q1) of financial year 2024-25 (FY25), up from Rs 175 crore a quarter ago. The company turned profitable for the first time ever in the corresponding period last year (Q1 FY24), with a profit of Rs 2 crore.

Zomato’s revenue from operations rose 74 per cent year-on-year (Y-o-Y) to Rs 4,206 crore in Q1, up from Rs 2,416 crore a year ago. It had reported a revenue of Rs 3,562 crore in the previous quarter.

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