CMDA holds stakeholder meeting on online building planning system
CMDA convenes stakeholders to enhance Chennaiโs online building planning system, focusing on efficiency and user interface improvements
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CMDA convenes stakeholders to enhance Chennaiโs online building planning system, focusing on efficiency and user interface improvements
Former employees of the Dubai hospital said they had been left in limbo after the healthcare institution was shut down amid recent regional tensions.
Chandrashekhar, a resident of Katya village, submitted a complaint alleging that he had been shown as dead in the land records.
Liquor valued at Rs 9.22 lakh was also found at the venue, and the total value of the seized materials is estimated at around Rs 85 lakh, police said.
The Cockroach Janta Party (CJP) has issued a seven-day ultimatum to the government, demanding the removal or resignation of Union Education Minister Dharmendra Pradhan. This follows a large protest at Jantar Mantar, where thousands voiced anger over alleged examination and recruitment irregularities. CJP vows nationwide protests if their demands aren't met.
The police have registered an Accidental Death Report
AlphaGrep Investment Management is set to enter the mutual fund industry with the launch of its first scheme next month and is targeting assets under management (AUM) of Rs 25,000-30,000 crore over the next three to five years, a top company official said.The move comes after the company received approval from the Securities and Exchange Board of India (Sebi) to commence mutual fund operations.The company's maiden new fund offer (NFO) -- a multi-asset allocation fund -- will open for subscription on July 6 and close on July 20. The scheme will invest in equity and equity-related instruments, debt and money market instruments, as well as gold, silver and other permitted commodity exchange-traded funds (ETFs)."We are targeting an AUM of Rs 25,000-30,000 crore in the next three to five years," AlphaGrep Investment Management Chief Executive Officer Bhautik Ambani told PTI.He said the asset management company will focus on quantitative equity and hybrid strategies driven by advanced mathematical models, artificial intelligence and machine learning.Following the launch of the multi-asset allocation fund, the company plans to introduce an open-ended dynamic equity scheme that will invest across large-cap, mid-cap and small-cap stocks."We will always try to launch products with a differentiation to offer investors," Ambani said.Founded by Mohit Mutreja and Prashant Mittal in 2010, AlphaGrep is a global quantitative trading and investment firm. It has a headcount of more than 500 people and offices in around eight countries. Its mutual fund business is under AlphaGrep Investment Management.AlphaGrep Investment Management currently manages more than Rs 2,000 crore in assets across its specialised Alternative Investment Fund (AIF) and Portfolio Management Services (PMS) platforms, including operations in GIFT City, as of February 2026.The entry comes at a time when India's mutual fund industry continues to expand rapidly. The country currently has 52 asset management companies managing assets worth more than Rs 85 lakh crore.
Pudukkottai (Tamil Nadu): Ruling out any future patch-up with the Congress, senior DMK leader R S Bharathi on Sunday launched a scathing attack on the national party, comparing its exit from the alliance to "adultery" and said that the Dravidian major will never welcome back defectors."We are not there in an alliance where Congress is present. I am clarifying that," Bharathi said.Addressing reporters here, Bharathi also issued a fierce electoral challenge to rivals, daring them to win a single mayor seat in the upcoming local body polls, and demanded the elections be held as early as January."In local body elections, people vote only for meritorious candidates. I challenge them: let elections be conducted in six months, say in January. If you can win even a single Mayor post, I will accept your strength. Are Annamalai and others ready to accept this challenge?" Bharathi asked.Also read | The safe keepers: Inside India's booming locker economyAsked about Congress leader Manickam Tagore's critical remarks regarding the DMK's performance and alliance dynamics, Bharathi advised Tagore to self-reflect on his own victory first.Using sharp analogies to describe the split, the senior DMK leader stated that while some separations happen by mutual consent, this breakdown was akin to a partner engaging in a "clandestine relationship"."No one lives with a wife who runs away. There is no longer any political ties or relationship with them. Even if the DMK leadership decides otherwise, the grassroots party cadres will never accept Congress back into the fold," Bharathi said.He added that despite the current political landscape, the DMK remains ideologically uncompromised and firmly ruled out ever aligning with the BJP in the future.Taking a swipe at politicians frequently switching allegiances, Bharathi noted that the "Aya Ram Gaya Ram" culture, which historically plagued northern states like Haryana, is now showing its face in Tamil Nadu.Also read | Indian tourists go viral for all wrong reasons. Here's how not to become the next horror storyTargeting former AIADMK leaders and other politicians defecting to the BJP and newly formed parties, Bharathi said, "People who shift from one party to another for positions will not last long. If the government falls in six months, they will all come running back to square one".Downplaying the recent electoral gains of actor-turned-politician Vijay's TVK, Bharathi characterised the victory a "jackpot lottery ticket" rather than an endorsement of ideology. He noted that TVK only secured a 35 per cent vote share, meaning 65 per cent of the electorate voted against them."People voted simply looking at a face and due to social media campaigns on Instagram. Voters don't even know who their local MLAs or ministers are," Bharathi claimed, drawing a parallel to how a single issue like onion prices once changed a government in Delhi. He predicted that just like Archimedes' principle, "the faster a ball goes up, the faster it will come down," predicting a similar trajectory for TVK.
He's commendable: Ex-Bengal CM Buddhadeb Bhattacharya's wife on Suvendu Adhikari
Pune police raided a party in Tulapur, detaining 156 individuals and seizing liquor worth Rs 9.22 lakh. Three minors were found present, and the event exceeded its permit. Organizers Aiman Sheikh and Yash Chaudhary are identified. This action is part of a broader crackdown on illegal liquor activities following recent fatalities.
He had been rushed to a private hospital with fever and shortness of breath in the early hours of June 6, and placed on ventilator support
As many as 44 stocks including Infosys, Adani Enterprises, Adani Ports, Canara Bank, PNB and several others will turn ex-date for various corporate actions, including dividends, bonus issues, stock splits and rights issues this upcoming week between June 8 and June 12. Investors must hold shares of these companies in their demat accounts on the record date to be eligible for the respective corporate actions. The list remains tentative, as more companies may announce record dates for dividends, bonus issues and stock splits during the week.Here is a day-wise list of corporate actions to watch out for this week: June 8 (Monday)The week kicks off with three companies undergoing corporate adjustments: Unified Data-Tech Solutions shares will turn ex-date for an interim dividend of Rs 5.5 per share. Ravindra Energy and Consecutive Commodities meanwhile will trade ex-date for rights issue of equity shares.June 9 (Tuesday)Inox India shares will trade ex-date for a final dividend of Rs 2 per share. Tata Group company Nelco meanwhile had also fixed June 9 as the record date for its final dividend of Rs 1 per share.June 10 (Wednesday)Several major companies turn ex-dividend, alongside a bonus issue on June 10. India's IT bellwether Infosys will turn ex-date for its final dividend of Rs 25 per share. Indian Bank and Seshasayee Paper & Board will also trade ex-record date for their respective dividends of Rs 18.25 per share and Rs 2 per share.Tata Group has fixed Wednesday as the record date to determine the eligibility of shareholders for dividend payments by three of its companies. These include Tata Chemicals (Rs 11 per share), Tata Investment Corporation (Rs 3.4 per share) and Tata Elxsi (Rs 75 per share).Gautam Exim shares meanwhile will go ex-bonus for its 3:1 bonus issue (three new bonus shares for every one existing share held).June 11 (Thursday)Specialized chemical player Sunshield Chemicals will be the lone counter turning ex-date on Thursday for a final dividend of Rs 3 per share.June 12 (Friday)Friday will see 31 stocks tuning ex-record date for their respective corporate actions. These includes five Adani Group companies, namely ACC (final dividend of Rs 7.5 per share), Adani Enterprises (final dividend of Rs 1.3 per share), Adani Ports and Special Economic Zone (final dividend of Rs 7.5 per share), Adani Total Gas (final dividend of Rs 0.25 per share) and Ambuja Cements (final dividend of Rs 2 per share).Four Tata Group companies also have June 12 as the record date for their dividends. These include Tata Motors (final dividend of Rs 4 per share), Tata Steel (final dividend of Rs 4 per share), Trent (final dividend of Rs 6 per share) and Voltas (final dividend of Rs 4 per share).Other stocks which will turn ex-record dates for their respective dividends include Canara Bank (Rs 4.2 per share), JM Financial (Rs 1.75 per share.), ICICI Prudential AMC (Rs 12.4 per share), PNB (Rs 3 per share), Piramal Finance (Rs 11 per share), Apcotex Industries (Rs 5.5 per share), Avantel (Rs 0.2 per share), Cemindia Projects (Rs 3 per share), Eimco Elecon (Rs 4 per share), Elecon Engineering Company (Rs 1.5 per share), High Energy Batteries (Rs 3 per share), Lloyds Metals & Energy (Rs 1 per share), MM Forgings (Rs 4 per share), Navin Fluorine (Rs 8.6 per share), Orient Cement (Rs 0.5 per share), Oseaspre Consultants (Rs 87 per share), Panchsheel Organics (Rs 0.8 per share), Petronet LNG (Rs 3 per share), Reliance Industrial Infrastructure (Rs 3.5 per share) and Technojet Consultants (Rs 87 per share).Mobavenue AI Tech shares will trade ex-split as it sub-divides its equity shares from a face value of Rs 10 down to Rs 2 per share. City Union Bank shares meanwhile will trade ex-bonus for a 1:3 bonus issue (one new bonus share for every three shares held)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Chief Justice Sushrut Arvind Dharmadhikari and Justice G. Arul Murugan wonder how a public interest litigation petition can be filed in a government service related matter
Afghanistan missed a crucial DRS opportunity to dismiss Rishabh Pant, who went on to score 81 runs. Replays later confirmed a clear edge on Pant's bat, a decision that proved costly for the visitors. Pant's entertaining knock was eventually ended by captain Hashmatullah Shahidi.
A total of 156 persons, including 107 men and 49 women, were found at the venue. Three of them were below 21 years of age
The officer died after slipping in a mountainous area and falling into a deep gorge during an anti-terror operation in Rajouri district on Saturday (June 6, 2026) evening
In a significant escalation of the conflict, Russia boasts of successfully downing 339 Ukrainian drones over 13 regions in a mere 13 hours, even near Moscow, illustrating the fierce drone warfare at play. Tragically, the impact of Russian offensives continues to be felt in Ukraine, as recovery efforts in Zaporizhzhia uncover lost lives.
Hundreds gathered at Jantar Mantar demanding Union Education Minister Dharmendra Pradhan's resignation over examination and recruitment irregularities. The Cockroach Janta Party (CJP) called the protest a 'trailer' for a larger movement, vowing fresh demonstrations if Pradhan isn't sacked within seven days. Participants wore cockroach masks, highlighting concerns over NEET, CUET, and SSC processes.
The Indian stock market ended last week in the red, with analysts flagging multiple factors that could keep pressure on Sensex and Nifty when trading resumes on Monday.On Friday, the Sensex closed 117 points lower at 74,243, while the Nifty 50 declined 50 points to settle at 23,367. Among the top laggards on the Sensex were Trent, TCS, Tata Steel, NTPC, HCL Tech, Bharti Airtel, Kotak Mahindra Bank and Reliance Industries, with losses of 1-2%.Here are five key factors likely to drive the stock market in the week ahead.1) Weak global cuesWall Street ended sharply lower on Friday, with the tech-heavy Nasdaq plunging more than 4% to log its steepest single-day decline since April 2025, after a stronger-than-expected US jobs report fuelled concerns that the Federal Reserve may keep interest rates higher for longer.The Nasdaq Composite tumbled 4.2%, dragged down by a more than 6% slide in Nvidia and an almost 8% drop in Broadcom. Broadcomโs weaker-than-expected guidance heightened concerns that AI-driven demand may not expand as rapidly as markets had anticipated. The Dow Jones fell 1.4%, while the S&P 500 dropped nearly 3%.European markets closed mixed, while Asian equities ended broadly lower. Japanโs Nikkei 225 and Hong Kongโs Hang Seng declined more than 1%, while South Koreaโs Kospi plunged nearly 6%. Chinaโs Shanghai Composite also ended about 1% lower.Also read: Why did Nasdaq plunge 4% to log worst day in over a year2) RBI policy impactReserve Bank of India (RBI) Governor Sanjay Malhotra on Friday announced that the central bankโs Monetary Policy Committee (MPC) unanimously decided to keep the policy repo rate unchanged at 5.25%, as it assessed the impact of rising energy prices and supply disruptions linked to the West Asia conflict. The RBI also increased the investment limit for Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) in equity instruments.Indian equity markets are likely to remain range-bound next week amid a mix of domestic and global triggers, according to Siddhartha Khemka, Head of Research, Wealth Management, at Motilal Oswal Financial Services.โWhile the Reserve Bank of Indiaโs measures to attract foreign capital and the governmentโs tax relief for foreign investors in government securities could support sentiment, we expect market movement to be driven largely by bottom-up stock picking and sector-specific action in the near term,โ he said.Khemka noted that the central bank raised its FY27 inflation forecast to 5.1% and lowered its FY27 GDP growth projection to 6.6%, reinforcing concerns over energy prices, geopolitical tensions in West Asia and weather-related uncertainties.โIf inflationary pressures remain elevated and external risks persist, the possibility of a future monetary tightening cycle could increase, keeping investors cautious. Going forward, investors will closely track energy prices, developments in the West Asia conflict, monsoon progress, FII flows and the impact of RBIโs policy measures for further market direction,โ he added.3) FII selling continuesForeign Institutional Investors (FIIs) remained net sellers in the Indian market during the first week of June, offloading shares worth Rs 31,120 crore, according to Pabitro Mukherjee, Deputy Vice President โ Research at Bajaj Broking. Domestic Institutional Investors (DIIs), meanwhile, continued to provide support as net buyers.โInvestor sentiment remained subdued amid persistent geopolitical tensions, which kept crude oil prices elevated. Heightened global uncertainty, coupled with prevailing macroeconomic challenges, led to cautious market participation. Going forward, institutional flows are likely to remain highly sensitive to developments in US-Iran relations and movements in oil prices,โ he said.4) Iran-US tensions US forces struck Iranian coastal radar sites on Saturday after intercepting drones launched by Iran toward the Strait of Hormuz, the US military said. Reuters, citing a US official, reported that the military believes the four Iranian drones were targeting regional maritime traffic. US Central Command said on X that it subsequently struck Iranโs surveillance sites in Goruk and Qeshm Island, both located along the Strait of Hormuz.Meanwhile, Iranโs Revolutionary Guard Corps said it had targeted US bases in Kuwait and Bahrain in retaliation for the strikes and fired on four tankers attempting to cross the strait without its permission. The developments renewed concerns over escalating tensions in the oil-rich Middle East.Also read: GIFT Nifty tumbles 1.5% as US stock market plunges. Will Dalal Street crash on Monday?5) Bond yields Rising inflation concerns pushed US Treasury yields higher. The yield on the 2-year Treasury note, which is highly sensitive to expectations around Federal Reserve policy, climbed to a 15-month high. Elevated interest rates typically make bonds more attractive relative to equities, weighing on stock market sentiment.Technical view on NiftyThe benchmark Nifty index ended lower for the second consecutive week, reflecting the cautious undertone prevailing in the market, said Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities.According to Rupak De, Senior Technical Analyst at LKP Securities, Nifty 50 has been moving within a defined range as markets digest the RBIโs policy announcement. He noted that sentiment remains weak, with the index continuing to trade below key moving averages. The Relative Strength Index (RSI) also remains subdued, indicating a lack of positive momentum.โIn the near term, the index is likely to consolidate within the 23,300โ23,500 range. A decisive breakout above 23,500 could trigger an upmove towards 25,700 and beyond, while a break below the 23,300 support level may result in a sharper correction,โ he said.(With inputs from agencies)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
A wave of optimism over South Korean stocks is giving way to growing caution, as some investors hedge positions and pare back crowded trades on concerns that the rally has run too hot, too fast.Hedge fund Golden Horse Fund Management has trimmed exposure and added derivative protection, while M&G Investments has cut memory and foundry holdings to broaden out down the AI supply chain. A Bloomberg Intelligence analysis of options on the iShares MSCI South Korea ETF shows investors seeking protection against a decline. The fund tumbled 14% Friday in the US.The moves highlight the challenge facing global money managers. While investors remain upbeat about Samsung Electronics Co. and SK Hynix Inc., the two chip giants that powered Kospiโs more than 90% rise this year, many are becoming pickier about where to put new money and keeping cash ready for opportunities elsewhere.Fridayโs selloff in US tech stocks, driven by fears of higher interest rates, shows how quickly popular trades can unwind once sentiment shifts. That risk could spillover into Korea once local markets open.โWeโve been trimming gross exposure at the margin and layering derivative protection over the last few weeks,โ said Yi Ling Ong, managing partner at Golden Horse Fund. Several large IPOs, including a SpaceX listing this month, could lead to rotation as funds raise cash to participate, making it โprudent to hold some dry powder,โ she said.131561937Over the past year, Korean stocks captured global attention as a combination of the AI boom and the governmentโs successful corporate reform propelled the index to new highs. Strong earnings potential continues to underpin bullish sentiment, but the extended rally has led to crowding in a few major players, leaving the market vulnerable to abrupt reversals. The benchmark tumbled 7% at one point on Friday.The caution is showing up in the derivatives market.โThe debate isnโt whether the Kospi story remains attractive โ itโs how to stay invested without giving back a portion of the gains,โ said Tanvir Sandhu, global chief derivatives strategist at Bloomberg Intelligence. Options activity in the EWY ETF suggests investors are becoming more cautious, with demand shifting from upside exposure to downside protection, he said.Some investors are looking for opportunities beyond Samsung Electronics and SK Hynix, whose meteoric rise propelled them into the $1 trillion valuation club and helped Korea briefly overtake India as the worldโs sixth-largest stock market.โThe alpha lies lower down the value chain โ in the picks-and-shovels of the picks-and-shovels,โ said Vikas Pershad, portfolio manager at M&G, referring to companies that benefit from spending on AI infrastructure without being at the heart of the trade.Not Bearish To be sure, the rotation doesnโt signal investors turning bearish on Korea. Valuations remain cheaper than in rival tech hub Taiwan and investors say the market still offers one of the strongest AI-linked stories in global equities. At 8.6 times forward earnings, the Kospi trades below its five-year average of 10 times and is much cheaper than Taiwanโs benchmark, which trades at about 20 times, data compiled by Bloomberg show.Earnings upgrade cycle has also started to broaden. Excluding Samsung and SK Hynix, the rest of the Kospi is now expected to deliver more than 50% profit growth this year, up from just 20% in January, according to Golden Horse Fund. 131561965โThe speed of the rally has been vertiginous but in this type of market I would rather let the rally continue,โ said Rajeev De Mello, global macro portfolio manager at Gama Asset Management SA. โExiting now will make it very difficult to re-invest later if the market doesnโt correct.โStill, foreign outflows have become a concern. Global funds have pulled a record $76 billion this year, selling in every session over the past month. While part of the retreat is due to technical limits on single-stock holding, the selling has been absorbed by more fickle retail investors โ a dynamic that may heighten volatility.At the same time, some investors are growing wary of rising retail leverage. The concern is that popularity of leveraged ETFs and the planned weekly single-stock options could amplify swings in an already-volatile market. While the products are โreally interestingโ and show retail participation is growing, they also leave the market โin somewhat of a precarious position in case of a reversal,โ Stephane Martin, head of derivatives institutional sales for Asia at Optiver, said at a panel discussion at Bloombergโs Volatility Forum last week. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)