No change in the price of petrol and diesel: Subhash Chandra said- I believe that SEBI chairperson is corrupt, Nifty made a record of rising for 14 consecutive days

Yesterday’s big news was related to Madhabi Puri Buch. ZEE founder Subhash Chandra has accused SEBI Chairperson Madhabi Puri Buch of favoritism, corruption and unethical behavior. He said, ‘Before taking charge in SEBI, the combined income of her and her husband was around Rs 1 crore per year, which has now increased to Rs 40-50 crore per year.

This should be investigated by the media and investigative agencies. At the same time, the World Bank has increased the estimate of India’s Gross Domestic Product (GDP) growth for the financial year 2024-25 from 6.6% to 7%.

Before tomorrow’s big news, today’s major events, which will be in focus…

Now read yesterday’s big news…

1. Subhash Chandra said- I believe SEBI chairperson is corrupt: Madhabi Puri Buch was also held responsible for the breakdown of Zee Entertainment and Sony merger deal

ZEE founder Subhash Chandra has accused SEBI Chairperson Madhabi Puri Buch of bias, corruption and unethical behavior. He said, ‘I believe SEBI Chairperson is corrupt because before taking charge at SEBI, she and her husband’s combined income was around Rs 1 crore per year, which has now increased to Rs 40-50 crore per year.

This should be investigated by the media and investigative agencies, including an analysis of the cases settled and compounded and the consultation fees paid by the companies. These are the many ways in which she and her husband extort money from companies and corrupt stock market operators and fund managers.’ Click to read the full news…

2. World Bank raised India’s GDP growth forecast by 0.4%: to 7% for FY 2024-25, RBI had estimated it to be 7.2%

The World Bank has raised the estimate of India’s Gross Domestic Product (GDP) growth for the financial year 2024-25 from 6.6% to 7%. World Bank Country Director (India) Auguste Tano Koume said that in the last financial year 2024, the Indian economy grew at a rate of 8.2%, which was the fastest.

India’s economy is still growing at a good pace. In such a situation, the World Bank has increased its growth forecast for the current financial year. Last month, RBI maintained India’s GDP growth forecast for FY25 at 7.2%. At the same time, the International Monetary Fund i.e. IMF raised India’s GDP growth forecast for the financial year 2024-25 by 0.20% to 7%. Click to read the full news…

3. Premier Energies stock surged 86%: Closed at Rs 839, the company manufactures integrated solar cells and solar panels

Premier Energies Limited’s shares were listed in the market on September 3 with a premium of 120%. Premier Energies’ shares were listed on NSE at a price of ₹ 991 per share. Whereas, its listing on BSE was done at ₹ 990 per share. However, after listing, its shares saw a slight decline.

It closed at Rs 839 on NSE and BSE, up by Rs 389 (86%). Its issue price was Rs 450 per share. The issue of Premier Energies was worth Rs 2,830.40 crore. In this, the company issued 28,697,777 fresh shares worth Rs 1,291.40 crore. At the same time, the existing investors of the company sold 34,200,000 shares worth Rs 1,539 crore through Offer for Sale i.e. OFS. Click to read the full news…

4. Nifty set a record of rising for 14 consecutive days: It closed at 25,279, up 1 point; Sensex fell today after 10 days

The Nifty index, launched in 1996, made a record of closing higher for 14 consecutive days. Earlier, in 2007, the Nifty had seen a continuous rise for 11 days. Whereas, in January 2015 and April 2014, there was a continuous rise for 10 days.

Today, i.e. on 3rd September, Nifty closed at 25,279 level with a gain of 1 point. However, Sensex fell by 4 points. It closed at 82,555 level. This decline in Sensex has been seen after 10 days of rise. Click to read the full news…

5. Former chairman of Atlas Cycles commits suicide: 70-year-old Salil Kapoor shot himself, accused some people of harassment in suicide note

Salil Kapoor, former chairman of the country’s popular bicycle manufacturing company Atlas Cycles, has committed suicide by shooting himself at his home in Delhi. He was 70 years old. Delhi Police reached the spot at around 2.30 pm and is investigating the case.

The police recovered a suicide note from the spot in which some people were accused of harassment. Initial investigation revealed that Kapoor allegedly shot himself with a revolver while sitting in the temple of his house. Click to read the full news…

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