Saraswati Saree Depot IPO
The IPO share allotment for Saraswati Saree Depot is set to be finalized on Friday, August 16th. Investors who participated in the IPO can check their allotment status on the registrar’s portal, Bigshare Services Pvt Ltd. The IPO subscription reached 107.52 times on the third day of bidding, as per BSE data.
Stock Market Gains
Indian stock markets experienced a positive surge on Friday, August 16th. Both the Sensex and Nifty 50 indices gained nearly 2%, with the Nifty 50 reclaiming the 24,500 mark and the Sensex surpassing 80,500. This upward trend extended to the BSE Midcap and Smallcap indices, which also saw a 2% rise. The overall market capitalization increased to nearly ₹ 451.5 lakh crore from ₹ 444.3 lakh crore, signifying an increase of over ₹ 7 lakh crore in a single session.
Assembly Elections in Haryana and Jammu and Kashmir
The Election Commission of India announced the complete schedule for the upcoming assembly elections in Haryana and Jammu and Kashmir on August 16th. Haryana’s single-phase election is scheduled for October 1st, while Jammu and Kashmir will hold elections in three phases: September 18th, September 25th, and October 1st. The results for both elections are expected to be declared on October 4th, as announced by Chief Election Commissioner Rajiv Kumar.
Updates on Kolkata Doctor Rape Case
Trinamool Congress (TMC) MP Mahua Moitra addressed the Kolkata doctor rape and murder case through a video message, debunking four pieces of ‘fake news’ circulating about the incident. Additionally, a junior doctor from the RG Kar Medical College and Hospital presented the demands of the protesting doctors. These demands included the arrest of the culprits with concrete evidence and an official press release confirming their arrest by the CBI. The doctors also demanded a written apology and the resignation of higher RG Kar authorities. The doctor emphasized that while no compensation can replace a lost life, they requested lifelong support and adequate financial compensation for the victim’s parents.
Mpox Situation in India
The Indian Council of Medical Research (ICMR) has been conducting a serosurvey since last year to assess the exposure to mpox among India’s high-risk population. This initiative comes after the World Health Organization (WHO) declared mpox a global public health emergency on Wednesday. The ICMR has also established a sentinel surveillance program at the Virus Research and Diagnostic Laboratory to detect any potential cases of mpox. The serosurvey, which involves testing blood samples for antibodies, has not yielded significant positive cases, indicating limited evidence of past infections.
Bangladesh’s Muhammad Yunus Calls PM Modi
On Friday, Prime Minister Narendra Modi engaged in a telephonic conversation with Mohammad Yunus, the Chief Adviser of Bangladesh’s interim government. In a tweet, PM Modi stated that they discussed the current situation and reiterated India’s support for a democratic, stable, peaceful, and progressive Bangladesh. He also assured the protection, safety, and security of Hindus and all minorities in Bangladesh.
Rahul Gandhi’s Indian Citizenship
BJP leader Subramanian Swamy filed a petition in the Delhi High Court requesting the Ministry of Home Affairs (MHA) to decide on his application for canceling the Indian citizenship of Congress leader and Lok Sabha Leader of Opposition Rahul Gandhi. The High Court is scheduled to hear the plea next week. The petition was submitted by lawyer Satya Sabharwal.
SpiceJet Legal Battle
Cash-strapped SpiceJet escalated its legal battle to the division bench of the Delhi High Court, seeking to overturn a single-bench order that mandated the grounding of three leased engines on August 16th. This grounding order stemmed from the airline’s failure to make rental payments to the leasing companies, Team France 01 SAS and Sunbird France 02 SAS.
