The Indian stock market experienced a surge on Tuesday, July 9, with the Nifty 50 and Sensex reaching new record highs despite mixed global signals. Several automobile stocks, including Maruti Suzuki and Mahindra and Mahindra (M&M), also witnessed notable gains. Meanwhile, Ukraine’s President Volodymyr Zelenskyy issued a strong condemnation of Indian Prime Minister Narendra Modi for his recent meeting with Russian President Vladimir Putin, expressing his disappointment with Modi’s “hugging” of Putin.
The food services sector in India is projected to experience robust growth, with an expected reach of ₹ 7.76 trillion by 2028, marking a significant increase from the current ₹ 5.69 trillion. This growth is attributed to expanding market opportunities and improving economic conditions, fueled by rising income levels and a shift in consumer behavior, particularly among millennials and Gen Z.
In a significant development, the Central Bureau of Investigation (CBI) made fresh arrests in the NEET-UG paper leak investigation. The agency apprehended NEET-UG candidate Sunny Kumar from Nalanda and his father, Ranjit Kumar, from Gaya, bringing the total number of arrests to 11.
Jupiter Wagons shares experienced a decline of over 4% on Tuesday after the company announced its board’s approval for a qualified institutional placement (QIP), setting the floor price at ₹ 689.47 per equity share.
Baba Ramdev’s Patanjali Ayurved Ltd informed the Supreme Court that it has stopped the sale of 14 products, including Drishti eye drops, following the suspension of their manufacturing licenses by the Uttarakhand State Licensing Authority in April.
In Mumbai, the police arrested Mihir Shah, the main accused in a fatal hit-and-run case involving a BMW. The incident, which resulted in the death of a 45-year-old woman, occurred three days prior to the arrest. Mihir Shah is the son of a Shinde Sena leader.
