Shares of sugar companies were in focus and rallied up to 14 per cent on the BSE in Thursday’s intra-day trade in an otherwise subdued market on expectation of sugar prices to remain elevated due to the deteriorating weather outlook coupled with rising demand.

Among individual stocks, Uttam Sugar Mills (up 14 per cent at Rs 347.65), Ugar Sugar (up 8 per cent at Rs 131) and Dhampur Sugar Mills (up 6 per cent at Rs 286) hit their respective 52-week highs.

Union Home Minister Amit Shah will convene an all-party meeting on June 24 in the national capital to discuss the situation in Manipur, Home Ministry Spokesperson said on Wednesday.

The meeting is scheduled at 3 pm in New Delhi to discuss the situation in Manipur.

Elon Musk, the owner of social media network Twitter, said the platform has no choice but to follow local laws in every country.

Musk’s comments, following his meeting with Prime Minister Narendra Modi in New York, came in response to questions regarding Twitter co-founder Jack Dorsey’s allegations that the Indian government had threatened to “shut Twitter down in India” if it did not take down critical content during the farmers’ protest against the three farm laws.

US President Joe Biden and First Lady Jill Biden on Wednesday hosted Prime Minister Narendra Modi for an intimate dinner at the White House.

Modi was received by the president and the first lady, and before entering the building, they posed for photos and were seen chatting.

The Enforcement Directorate (ED) is raiding 15 premises in Mumbai and another outside the city as part of its money laundering investigation into the alleged multi-crore Covid-19 jumbo centre scam.

The premises of Sujit Patkar, a close aide to Shiv Sena (Uddhav Balasaheb Thackeray) leader Sanjay Raut, and IAS officer Sanjeev Jaiswal—then additional municipal commissioner, BMC and a close aide of Aaditya Thackeray —are among those being searched.

5G subscriptions in India are expected to reach about 700 million by the end of 2028 from 10 million at the end of 2022, a report released on Thursday said. At the end of the next five years, 5G will account for 57 per cent of all mobile subscriptions in India, making it the fastest-growing region for the adoption of this technology, it added.

According to the June 2023 Ericsson Mobility Report, currently, 4G dominates the market in India with 820 million subscriptions at the end of 2022. But this is expected to decline to 500 million by the end of 2028.

The National Stock Exchange (NSE) and its arm -- NSE Clearing (NCL) -- has agreed to pay a total of Rs 72.6 crore to settle the case pertaining to the February 2021 trading glitch, which had halted trading at the country’s largest bourse for nearly four hours.

NSE and NCL will pay Rs 49.77 crore and Rs 22.88 crore, respectively, for themselves and their employees, who will also have to undergo non-monetary punishment.

Shares of Shriram Finance hit a fresh 52-week high of Rs 1,715, and was frozen temporarily at the 10 per cent upper circuit on the National Stock Exchange (NSE) in Wednesday’s trade at 09:19 AM; after over 8 per cent of total equity of the non-banking finance company (NBFC) changed hands on the exchange.

Around 31.22 million shares representing 8.3 per cent of total equity of Shriram Finance worth of Rs 4,824 crore changed hands on the NSE, the exchange data shows. The names of the buyers and sellers were not ascertained immediately.

White House National Security Council (NSC) Coordinator for Strategic Communications John Kirby said on Tuesday said that it is up to India to decide to buy Russian oil and hoped that India will continue to buy Russian oil in keeping within the price cap.

Speaking on the price cap on Russian oil, Kirby said, "The price cap is working and proven effective. It's working and we are gratified to see that. It is up to India to decide and we hope that India will continue to buy oil in keeping within the price cap."

Prime Minister Narendra Modi, after reaching the John F Kennedy International Airport in New York, on Tuesday, said that he is looking forward to the programmes including interaction with thought leaders and the Yoga Day celebrations at UN headquarters.

Taking to Twitter, PM Modi said, "Landed in New York City. Looking forward to the programmes here including interaction with thought leaders and the Yoga Day programme tomorrow, 21st June."

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