Market Remains Steady Amidst Global Uncertainty
The Indian stock market, represented by the Sensex and Nifty 50, ended Tuesday, September 3, with minimal changes. This flat performance can be attributed to a lack of fresh catalysts and cautious investor sentiment due to weak global cues. The Sensex opened at 82,652.69, slightly higher than the previous close, but traded within a narrow range throughout the day, ultimately closing 4 points lower at 82,555.44.
Gala Precision Engineering IPO Receives Positive Response
The initial public offering (IPO) of Gala Precision Engineering, which opened for subscription on Monday, September 2, has received strong interest from investors. The ₹ 167.93 crore issue, comprising a fresh share offering and an offer for sale, will close on Wednesday, September 4.
Jawa Unveils New 42 FJ 350 Model
Indian motorcycle manufacturer Jawa Yezdi Motorcycles has launched a new variant of its popular 42 model, named the Jawa 42 FJ 350. This latest version features an aggressive design with a distinctive tear-drop fuel tank and bold ‘Jawa’ branding. It is positioned as a competitor to the Royal Enfield Hunter 350.
Congress Targets SEBI Chief Over Retirement Benefits
The Opposition Congress party has intensified its allegations against Madhabi Puri Buch, the Chairperson of the Securities and Exchange Board of India (SEBI). They claim that Buch’s retirement benefits exceed her salary during her tenure at ICICI Bank. Congress leader Pawan Khera questioned this discrepancy at a press conference, urging the SEBI chief to provide clarification.
West Bengal CM Highlights Anti-Rape Bill, Cites Other States
West Bengal Chief Minister Mamata Banerjee hailed the state’s new anti-rape bill while defending the Trinamool Congress government and the Bengal Police. In her speech, she acknowledged the high rate of crimes against women in states like Uttar Pradesh and Gujarat.
Prime Minister Modi’s Historic Visit to Brunei
On Tuesday, September 3, Prime Minister Narendra Modi arrived in Brunei for a historic visit, marking the first time an Indian Prime Minister has traveled to this small Southeast Asian nation. He was greeted warmly by Brunei’s Crown Prince, His Royal Highness Prince Haji Al-Muhtadee Billah.
TRAI Cracks Down on Spam Calls
In a crackdown on spam calls, the Telecom Regulatory Authority of India (TRAI) has blacklisted 50 companies and disconnected 2.75 lakh mobile numbers associated with unregistered telemarketers. This decisive action aims to curb the nuisance of unsolicited calls.
