Author: Legal Parivar

In response to the overwhelming number of pilgrims participating in the Char Dham Yatra, Uttarakhand Chief Secretary Radha Raturi has extended the ban on VIP darshan until May 31. This measure is intended to ensure that all devotees have the opportunity to visit the four Dhams—Yamunotri, Gangotri, Kedarnath, and Badrinath—without difficulty during the pilgrimage.

The B K Birla Group announced on Thursday the passing of Manjushree Khaitan, the chairperson of Kesoram Industries Limited. Khaitan, aged 68, died at her Kolkata residence following a brief illness, according to group officials. She leaves behind a legacy marked by exceptional leadership and philanthropy.

Here’s a summary of market updates for May 16:

Q4 results FY2024: Today, a total of 94 companies are set to release their earnings for the fourth quarter that ended on March 31. Key players such as Biocon, Hindustan Aeronautics, Mahindra & Mahindra, GAIL (India), Crompton Greaves Consumer Electricals, Vodafone Idea, JK Paper, and Endurance Technologies will be among those reporting.

Netflix announced on Wednesday that its ad-supported subscription tier has surged to 40 million global monthly active users, up from 5 million a year ago, indicating successful traction for its strategy to attract new users with a more affordable plan.

Twelve stocks have been barred from trading in the futures and options (F&O) segment on Thursday, May 16, 2024, by the National Stock Exchange (NSE) after exceeding 95% of the market-wide position limit (MWPL). However, these securities will remain available for trading in the cash market.

Four individuals have lost their lives and over 15 sustained injuries following a collision between a bus and a lorry on the Chennai-Trichy Highway in Maduranthakam, Tamil Nadu. The incident occurred when the bus, attempting to overtake, veered out of control. The injured have been transported to Chengalpattu Government Hospital for treatment.

Russian President Vladimir Putin arrived in Beijing for a two-day state visit to China, showcasing solidarity between the authoritarian allies as Moscow continues its offensive in Ukraine.

India’s merchandise trade deficit reached a four-month high in April, primarily attributed to increased imports of gold and oil, according to official data released on Wednesday. Imports surged significantly while exports saw only marginal growth compared to the same period last year.

Foreign institutional investors continued their selling spree in Indian equities on May 14, with net sales amounting to Rs 2,833 crore. Conversely, domestic institutional investors were net buyers, purchasing equities worth Rs 3,788 crore.