In a tragic incident in Pune, a juvenile driver’s involvement in a fatal car crash led to the arrest of his father, Vishal Agarwal. The accident on May 19 claimed the lives of two software professionals. Agarwal, a real estate developer, initially absconded but was apprehended on May 21 and sent to judicial custody until June 7.
In the realm of politics, Delhi’s seven seats geared up for voting in the penultimate phase of Lok Sabha Elections 2024. The national capital became the focus of attention on May 25.
A devastating bus accident occurred on the Ambala-Delhi National Highway on May 24, resulting in seven fatalities and injuring 20 individuals. The incident, confirmed by Dr. Kaushal Kumar of Civil Hospital Ambala Cantt, has sent shockwaves through the community.
Meanwhile, the Indian stock market benchmark, Nifty 50, reached a significant milestone by surpassing the 23,000 mark for the first time during intraday trade on May 24. It opened at 22,930.75, rising by 0.3 percent to attain a new all-time high of 23,026.40.
In the realm of sports, Sunrisers Hyderabad emerged victorious in the SRH vs RR IPL 2024 Qualifier 2 match. Chasing a target of 176 runs, Rajasthan Royals fell short, losing by 36 runs at the MA Chidambaram Stadium on Friday. RR could only manage to score 139 runs, falling short of the target.
Delhi’s political landscape witnessed turbulence as Bibhav Kumar, the personal secretary to Arvind Kejriwal, was remanded to four-day judicial custody until May 28. He faces accusations of misbehaving with AAP MP Swati Maliwal on May 13 at Kejriwal’s residence. Delhi Police arrested Kumar on May 19 following Maliwal’s complaint.
Kolkata Police took precautionary measures to prevent potential unrest by imposing Section 144, prohibiting unlawful assembly in parts of the city for 60 days, starting May 28. This decision was based on credible information suggesting violent demonstrations that could disrupt public peace.
In the business world, Google made a substantial investment of $350 million in Flipkart, valuing the e-commerce giant at $36 billion. Despite the significant cash infusion, Google will not receive a board seat at Flipkart.
Meteorological concerns arose with Cyclone Remal threatening to make landfall between the Bangladesh and West Bengal coasts around midnight on May 26. The India Meteorological Department (IMD) predicted that the depression over the Bay of Bengal would intensify into a cyclonic storm by May 25 morning, potentially impacting the east-central region.
U.S. financial institution Citigroup announced a significant change in its work policy, instructing 600 U.S. employees to return to the office full-time. This decision aligns with regulatory requirements as the Financial Industry Regulatory Authority (FINRA) reinstates pre-pandemic rules for monitoring workplaces, particularly in roles such as trading.
The global economy was impacted by a significant drop in gold prices this week. Spot gold and U.S. gold futures experienced a decline of over $100, marking the worst weekly dip in six months. Despite a slight rise on May 24, gold prices continued to be affected by diminished hopes of interest rate cuts by the US Federal Reserve.
