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Mamata's nephew Abhishek visits Delhi amid fears of TMC Bengal revolt spreading to Parliament

While Mamata and Abhishek were earlier scheduled to travel to Delhi at the same time, the latter reached the Capital a day earlier.

CJP protest: Delhi Police debunks FIR rumours

Delhi Police on Saturday issued a clarification on X, dismissing claims circulating on social media that an FIR had been registered against protesters who participated in the Cockroach Janta Party's (CJP) demonstration at Jantar Mantar.In its post, Delhi Police stated: "Certain social media posts and news reports are claiming that Delhi Police has registered an FIR against the protesters at Jantar Mantar."The police further clarified: "It is clarified that no such FIR has been registered."Urging people not to spread misinformation, the post added: "Citizens are advised not to believe or circulate unverified information. Please rely only on official updates issued by Delhi Police."The clarification came amid widespread discussion online following the protest organised by the youth-led movement.— DelhiPolice (@DelhiPolice) Delhi Police denies reports of FIR against CJP protestersThe statement was issued after reports and social media posts suggested that legal action had been initiated against individuals who attended the protest at Jantar Mantar.However, Delhi Police made it clear that no FIR had been registered in connection with the demonstration.The department urged citizens to verify information through official channels before sharing it online, highlighting the importance of preventing the spread of false or misleading claims.Six people detained as precaution during Jantar Mantar protestEarlier in the day, Delhi Police confirmed that six individuals had been detained as a preventive measure to avoid any possible confrontation between rival groups near the protest venue.According to officials, police received inputs indicating the possibility of tensions between supporters and opponents of the online movement.The detentions were carried out to maintain law and order and ensure that the protest concluded peacefully.Officials said the individuals were taken into preventive custody after allegedly attempting to create a disturbance near the demonstration site.No major incidents were reported during the gathering.Heavy security deployed across Delhi for CJP demonstrationDelhi Police implemented extensive security arrangements ahead of the protest.More than 1,000 police personnel were deployed across New Delhi district and other sensitive locations in the national capital.Additional security measures were also put in place at Indira Gandhi International Airport and major border entry points.Senior officers closely monitored the situation, while barricades were installed around Jantar Mantar to regulate movement and maintain separation between groups.The security arrangements were aimed at ensuring public safety and preventing any disruption during the event.Hundreds gather at Jantar Mantar for Cockroach Janta Party protestThe protest was led by Cockroach Janta Party founder Abhijeet Dipke and attracted hundreds of participants, including students and young professionals.Many attendees wore cockroach masks and carried flowers as symbols associated with the movement.Several school students were also seen attending the gathering along with their parents.Participants raised slogans demanding accountability over alleged irregularities in examinations and recruitment processes.The protest focused on calls for the resignation of Union Education Minister Dharmendra Pradhan over concerns related to examination and recruitment systems.Why students joined the CJP protestThe Cockroach Janta Party emerged as a youth-driven online movement following allegations of irregularities in various examinations and recruitment tests.Supporters have raised concerns regarding examinations such as NEET, CUET, CBSE-linked tests and Staff Selection Commission (SSC) recruitment processes.Over the past several weeks, the group has expanded its reach through social media campaigns advocating greater transparency, accountability and reforms in examination systems.The Jantar Mantar gathering marked one of the movement's largest public demonstrations so far.Delhi Police urges public to rely on official informationFollowing the protest, Delhi Police reiterated the importance of relying on verified information from official sources.The department's clarification on X sought to counter rumours about an FIR and prevent misinformation from spreading online.While preventive detentions were carried out to maintain order, police confirmed that no FIR had been registered against protesters participating in the demonstration.Authorities continue to monitor the situation and have urged citizens to exercise caution before sharing unverified claims on social media.Inputs from agencies

APCRDA conducts special drive to remove encroachments in Amaravati capital region

Installation of containers, sheds and other permanent or semi-permanent structures without permission is prohibited within the capital city area, say auuthorities

RBI's foreign capital push reflects rising inflation

Can RBI shield rupee from further fall? Analysts expect up to $75 bn in fresh inflows

The Reserve Bank of India's recent monetary policy measures aim to bolster the rupee by attracting significant capital inflows, estimated between $40-75 billion. Despite rising inflation and revised growth forecasts, the Monetary Policy Committee is expected to maintain the repo rate at 5.25% with a neutral stance in August, prioritizing stability and external sector defense.

'If Dipke, Other Members Arrested': Sonam Wangchuk Vows 42-Day Hunger Strike Ahead Of CJP Sit-In

The remarks come as political satire outfit Cockroach Janta Party (CJP) gears up for its first on-ground gathering at Jantar Mantar in the national capital

543 Dead, 4,403 Injured: The Toll Of Fire Accidents In Delhi Since 2019

Delhi Fire: In just the first half of 2026, 65 deaths due to fire incidents have already been reported in the national capital.

RBI keeps rates steady, takes steps to attract foreign capital

The primary reason for the adverse movement in the growth-inflation balance is the disruption from the ongoing war in West Asia.

Govt announces measures to attract foreign capital

Government announced measures to attract foreign investment in Indian stocks, bonds. Changes aim to deepen capital market, ease investment for foreign individuals, attract stable capital inflows.

Central bank turns piper to draw in foreign capital

G-Secs rally as govt and RBI ease foreign investing rules

Government and RBI measures to boost foreign investment in government securities led to a bond rally, with benchmark 10-year G-Sec yields softening. Exemptions from long-term capital gains and withholding taxes for FPIs in G-Secs, along with expanded investment options, are seen as positive for the fixed income market.

5.0 magnitude earthquake jolts Chamba and other Himachal Pradesh districts

A moderate 5.0 magnitude earthquake jolted Chamba district in Himachal Pradesh on Friday night at 10:04 pm. Tremors were felt across Chamba and nearby areas, including the state capital Shimla. No casualties or significant damage have been reported following the shallow 5-kilometer deep earthquake.

Safety gaps spark another Delhi tragedy as 21 die in B&B blaze

Owner arrested for lapses; 26 rooms instead of the six allowed, no fire exit. Police say 12 foreigners among victims; most travelled to Capital for treatment

When will monsoon reach Bengaluru? Here's what we know

The IMD has forecast rainfall for Bengaluru in the coming days, and the monsoon is expected to reach Karnataka's capital within the next two to three days.

After cutting ties with California, Peter Thiel’s Family Office pays record rent

Billionaire Peter Thiel's family office has secured a prime office space in Miami's 830 Brickell tower. The lease is reportedly the most expensive in Miami-Dade County's history. This move signifies Thiel's growing business presence in South Florida, a region attracting wealth and companies from higher-tax states. Thiel Capital and Founders Fund have also expanded their Miami operations.

A Dream That Never Realised: TISS Post-Graduate Who Landed Her 1st Job Among Dead In Delhi Fire

The fire, one of the deadliest in the national capital in recent years, claimed 21 lives. The incident prompted renewed examination of building security norms

Tata Steel shares fall 3% after fire breaks out at UK’s Port Talbot plant

The shares of metals major Tata Steel dropped nearly 3% on Friday after a fire broke out at the company’s plant at Port Talbot in UK late on Wednesday, forcing the company to temporarily halt operations at part of the site.Large plumes of smoke were visible from the site and could be seen across the surrounding area, BBC reported, adding that emergency services remained at the scene on Thursday and were working to manage the incident.Tata Steel UK meanwhile said that all personnel were evacuated safely from the affected area. It added that the incident was not related to the safe and successful demolition of the empty, redundant gas holder earlier yesterday evening. The Mid and West Wales Fire Service attended the site while emergency services worked with local teams to completely extinguish the fire, the company further said.The 3.2 million tonne facility is transitioning to an electric arc furnace with an investment of £1.25 billion, with the help of aid from the local government. It is expected to be commissioned by the end of 2027. Tata Steel has completed major demolition work of the blast furnaces for the transition, and is currently working on fabrication and delivery of equipment.Also read: Tata Steel eyes 9% India sales growth this fiscalIn October 2024, Tata Steel ceased iron making operations at its Port Talbot site and temporarily paused steel manufacturing, pending the construction of a 3.2 MTPA electric arc furnace. What this means for Tata Steel share priceICICI Direct highlighted that the fire has reportedly been contained, although the extent of the operational impact is yet to be assessed. “While the incident is sentimentally negative, the UK operations contribute a relatively small share to Tata Steel's overall business, and hence the impact on the company's overall performance is expected to be limited. We await further clarification from the company regarding any operational disruptions or financial implications arising from the incident,” it added.Tata Steel share priceTata Steel shares tumbled more than 3% to trade at Rs 204 apiece on Friday afternoon. The shares of the company have fallen around 2% in one week and 3% in one month. The stock is however up more than 12% in 2026 so far.In the longer term, Tata Steel shares jumped more than 29% in one year, 87% in three years and over 82% in five years. The company currently has a market capitalisation of more than Rs 2.55 lakh crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

India takes big moves to attract foreign investments in bonds: How will this impact stock market?

As India sees incessant FII selloff so far this year, the government and RBI announced a slew of measures to ease foreign investments in government securities, with analysts suggesting that these may provide some short-term support for Dalal Street.India scrapped the long-term capital gains tax on investments by foreign institutional investors (FIIs) in government securities through an ordinance issued on Friday. The government has now exempted FIIs from tax on any interest income from government securities, as well as capital gains arising from their sale, exchange or transfer, according to an official gazette. Separately, while announcing the outcome of the MPC meeting, RBI Governor Sanjay Malhotra also unveiled a series of measures to boost FPI investments, including expanding the Fully Accessible Route (FAR) to cover new issuances of 15-, 30- and 40-year government bonds.Limits on investments by NRIs and OCIs in equity instruments without Sebi registration are being raised, allowing them to invest larger amounts without regulatory registration. The facility is also proposed to be extended to all Persons Resident Outside India (PROIs), bringing them on par with NRIs and OCIs. This came as the RBI kept the repo rate unchanged at 5.25%What does this mean for Indian stock market?The proposal to increase investment limits for NRIs and OCIs in listed equity instruments without Sebi registration, and to extend the same facility to all individual Persons Resident Outside India (PROIs), is a significant step toward broadening participation in Indian capital markets, which is expected to improve market depth, liquidity and long-term capital inflows, said Arun Poddar, CEO of Choice International.He highlighted that equally important is the removal of capital gains tax on government securities investments for foreign investors. “This move strengthens the attractiveness of India's bond market and could encourage greater foreign participation in government debt. At a time of heightened global volatility, these measures reinforce investor confidence, support capital inflows, and reaffirm India's commitment to building deeper, more globally integrated financial markets, with the policy rate expected to remain low for an extended period,” he said.The government's move to exempt Foreign Institutional Investors (FIIs) from capital gains tax on any interest earned from government securities is “highly positive” for the capital markets, said Sumit Singhania, Head of Research at Bajaj Broking. “This fiscal cushion arrives at a crucial time, offering a strong shield to domestic markets as the RBI chief warned of volatile forex markets driven by shifting global sentiments,” he added.The policy is distinctly positive for bond markets and well-capitalized Banks and NBFCs, which benefit from targeted hedging subsidies and systemic stability, according to Archit Doshi, Senior Vice President at PL (Prabhudas Lilladher) AMC. “Conversely, one should be underweight rate-sensitive sectors, which remain highly vulnerable to margin compression, higher inflation expectations, and the threat of the RBI reaching its tightening tipping point,” he said.Rajeev Radhakrishnan, CFA, CIO of Fixed Income at SBI Mutual Fund, also said that the announcements aimed at enabling more dollar inflows are more significant in the near term, even though the overall policy stance has been broadly in line with expectations. “The concessional swap facility should help stabilise short end market rates and the foreign exchange market in the near term,” he said.For equities and debt markets, the measures to attract FII inflows are supportive of liquidity and inflows, while for the rupee, they signal a clear intent to anchor expectations and reduce volatility amid global oil shocks and sustained foreign selling pressure, said Ajit Mishra, Senior VP of Research at Religare Broking.Sachin Bajaj, Chief Investment Officer at Axis Max Life Insurance, also said that the initiatives are expected to support capital inflows, deepen domestic bond markets, and provide support to the Indian rupee over the short to medium term.RBI’s hawkish tone and the Indian stock marketWhile the measures taken to attract FII inflows in the debt market will likely provide short-term support for Dalal Street, analysts advised caution over the RBI’s hawkish policy stance. While the RBI maintained its policy repo rate as per expectations, the tone was much more cautious than in previous meetings.Sachin Bajaj highlighted that the policy emphasised preserving macroeconomic stability amid the prevailing global macroeconomic environment. “We believe there are significant risks to inflation in the coming months due to the pass-through of higher commodity prices to consumers and elevated food prices resulting from a below-normal monsoon. Going forward, there is a risk of an upward revision in inflation projections, and given the evolving global backdrop, we believe the RBI is likely to maintain a prudent, data-dependent approach. Future policy actions will be contingent on evolving growth-inflation dynamics and global developments,” he added.Also read: Explained: Sebi's Rs 15.15 lakh crore revenue inflation allegations against Rajesh ExportsWhile hawkish rhetoric without an accompanying rate hike provides a temporary respite for equity markets, it does not constitute an unequivocal endorsement of investment, particularly in highly rate-sensitive sectors such as real estate, automotive, and consumer discretionary goods, said Vipul Bhowar, Senior Director, Head of Equities at Waterfield Advisors.“Should inflation necessitate a rate increase later this year, these sectors are likely to experience pressure on both margins and demand. For investors, the current strategy emphasises capital preservation by focusing on high-quality equities with strong pricing power. This cautious approach is designed to navigate the prevailing geopolitical uncertainties until conditions stabilise,” the analyst added.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Hindustan Zinc shares tumble 5% to 6-week low after report of govt's plan to sell 2% stake for Rs 5,000 crore

Shares of Hindustan Zinc sharply tumbled nearly 5% on Friday after a report said that the government is planning to sell as much as 2% stake in the metals major for up to Rs 5,000 crore ($525 million).The shares of the company dropped to Rs 575.20 apiece on NSE, the lowest level seen by the stock in six weeks, after the release of the Bloomberg report, citing people familiar with the matter. Shares of Vedanta, meanwhile, tumbled 3% to Rs 318.80 apiece.The Department of Investment and Public Asset Management (DIPAM) aims to launch the process this month or in July this year, the report said, adding that ICICI Securities, Axis Capital, IIFL Capital Services, and HDFC Securities are advising the government on the transaction.Hindustan Zinc shareholding patternThe Central government held nearly 28% stake in India’s largest silver producer, according to data on the company’s shareholding pattern as on March 31, 2026. Its largest promoter, Vedanta, meanwhile, held nearly 61% stake in the company.Another 3.5% stake was held by insurance companies, while foreign investors held more than 2% stake in Hindustan Zinc, as at the end of the January-March quarter of FY26.The latest report on the government's possible stake sale in Hindustan Zinc comes after the centre ramped up its disinvestment efforts. Last week, the government raised about $531 million from the sale of 2% stake in Coal India. Earlier this week, it raised $450 million by selling 6% stake in NHPC. Bloomberg also reported that the government is now mulling an OFS to sell 2% stake in LIC to raise as much as Rs 10,000 crore.ED raids at Hindustan Zinc officesThe shares of Hindustan Zinc declined earlier this week after Vedanta said that the Enforcement Directorate team visited some of its offices, confirming news reports. "We hereby inform that the Enforcement Directorate team visited some offices of our company and Hindustan Zinc, a subsidiary of the company," Vedanta said after stock exchanges sought clarification regarding news reports around ED conducting searches against Vedanta Group in FEMA probe. The Anil Agarwal-led company added that it is fully cooperating with the authorities and providing all requested information.Later, Vedanta announced that the searches had concluded and no penalty or restriction had been imposed by the authorities.Hindustan Zinc share priceHindustan Zinc shares have fallen more than 9% in one week and 6% in one month, while being down more than 6% in 2026 so far. The shares of the company have gained around 17% in one year.Also read: Did this L&T-backed AI stock actually crash 90% in one day? Here's all you need to knowIn the longer term, the stock delivered 87% returns over three years and 72% returns over five years. The company currently has a market capitalisation of more than Rs 2.43 lakh crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Go Digit Insurance shares jump 9% after Rs 100 crore block deal attracts MFs, global investor

Shares of Go Digit General Insurance surged 8.66% to Rs 329 during Friday's trading session, extending gains after a significant Rs 100-crore block deal in the previous session attracted prominent institutional investors.The block deal saw Aditya Birla Sun Life Mutual Fund and JPMorgan (Taiwan) Eastern Technology Fund collectively acquire 33.33 lakh shares at a weighted average price of Rs 300 per share.Aditya Birla Sun Life Mutual Fund purchased 21.66 lakh shares worth approximately Rs 65 crore, while JPMorgan (Taiwan) Eastern Technology Fund acquired 11.66 lakh shares valued at around Rs 35 crore.The seller in the transaction was Peak XV Partners Growth Investments III, which offloaded its entire 33.33 lakh-share stake for nearly Rs 100 crore.Stock PerformanceDespite Friday's sharp rally, Go Digit Insurance has remained under pressure over the past year, with the stock declining around 10% during the period. The company currently commands a market capitalisation of Rs 27,993 crore.The stock's 52-week high stands at Rs 381.40, while its 52-week low is Rs 295.50.On the valuation front, Go Digit Insurance trades at a Price-to-Earnings (P/E) ratio of 49.28 and a Price-to-Book (P/B) ratio of 6.51, reflecting premium market expectations for the insurer's growth prospects.The company delivered a robust financial performance in the March 2026 quarter. Revenue rose 9% year-on-year to Rs 3,181 crore, while net profit surged 49.2% YoY to Rs 173 crore, highlighting improved profitability and operational efficiency.The shareholding pattern for the March 2026 quarter reflected mixed investor activity. Promoters marginally reduced their stake in the company from 73.03% to 73.01%, while Foreign Institutional Investors (FIIs) trimmed their holdings from 8.26% to 8.01%. In contrast, mutual funds increased their ownership from 8.02% to 8.28%, signaling continued confidence from domestic institutional investors despite the reduction in foreign investor participation.From a technical perspective, the stock's Relative Strength Index (RSI-14) stands at 40.8. An RSI below 30 is generally considered oversold, while a reading above 70 signals overbought conditions.Go Digit Insurance is currently trading above 5 out of its 8 key Simple Moving Averages (SMAs), suggesting improving near-term momentum. However, the stock remains below its 100-day, 150-day, and 200-day moving averages, indicating that long-term trend confirmation is still awaited.The sharp rally following the Rs 100-crore block deal and increased mutual fund participation has put Go Digit Insurance back on investors' radar. Market participants will closely watch whether the stock can sustain momentum and reclaim key long-term resistance levels in the coming sessions.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)