The Indian stock market witnessed a surge today, with both the Nifty 50 and Sensex hitting new highs. The bulls, showing no signs of slowing down, pushed the Nifty 50 to a record 26,004 points, marking the first time the index closed above the 26,000 mark. This rally continues the strong performance of the market, with both indices registering five consecutive days of gains.
Meanwhile, the popular fast-food chain, Wow Momo Foods, announced plans to go public within the next two years. This move signifies the brand’s ambition to replicate the success of Domino’s Pizza in India’s rapidly expanding fast-food market. Valued at 25 billion rupees, Wow Momo boasts a network of 650 stores and is poised to become the first major local fast-food chain to go public, capitalizing on the growing demand from low- and middle-income families.
The #MeToo movement continues to shake the Kerala film industry, with Malayalam actor Edavela Babu’s arrest on Wednesday, September 25, stemming from rape allegations. This arrest comes in the wake of the Hema Committee report, which exposed widespread harassment, exploitation, and mistreatment of women in the industry.
In a significant development, a Special Court in Karnataka has ordered a Lokayukta police investigation into Chief Minister Siddaramaiah concerning the Mysuru Urban Development Authority (MUDA) site allotment controversy. This ruling, which follows the High Court’s affirmation of Governor Thaawar chand Gehlot’s sanction for the inquiry, could have significant implications for the Chief Minister.
In another development, the Bombay High Court expressed skepticism about the police’s version of the incident involving the prime accused Akshay Shinde, who was killed in a “retaliatory firing.” The court found it hard to believe that Shinde, who was not trained in using a pistol, could have fired the weapon in the manner described by the police. This raises questions about the circumstances of Shinde’s death and highlights the need for a thorough investigation.
These events underscore the diverse and dynamic nature of Indian news, with stories spanning from business and finance to social and political issues. These developments continue to shape the national narrative and are sure to spark further discussions and analysis in the coming days.
