Supreme Court Addresses Misleading Advertisements by FMCG Firms
On Tuesday, the Supreme Court took a firm stance against misleading advertisements by fast-moving consumer goods (FMCG) companies. The Court issued directions to three Union ministries, seeking information on steps they have implemented to curb such practices, which harm consumers and distort market competition.
JNK India IPO Opens with 49% Subscription on Day One
JNK India’s initial public offering (IPO), which opened on Tuesday, April 23rd, attracted healthy investor interest on its first day. Qualified institutional buyers (QIBs) led the subscription, driving it to 49%, as per data from the Bombay Stock Exchange (BSE).
Key Companies Announce Q4 Financial Results
A total of 16 companies, including Tata Consumer Products and ICICI Prudential Life, declared their financial performance for the fourth quarter of fiscal year 2024 (Q4 FY24) on April 23rd. These results provide investors and analysts with insights into the companies’ financial health and business strategies.
Prime Minister Modi Sparks Controversy with Anti-Muslim Rhetoric
Prime Minister Narendra Modi made controversial remarks during a political rally in Rajasthan on Tuesday. He alleged that the Congress party, when in power, intended to reduce reservations for Scheduled Castes and Scheduled Tribes and distribute them among Muslims. These statements have drawn widespread criticism and highlighted the increasing political polarization in India ahead of the upcoming Lok Sabha elections in 2024.
