'We strongly believe that anyone with capability and a strong work ethic should have a chance at the top job.'
Delhi Police are searching for hotel manager Jai Mishra following a devastating fire that killed 21 people in Malviya Nagar. Hotel owner Lavkesh Bajaj has been arrested and claims Mishra managed the hotel and held the licenses. Investigators are probing potential licensing violations, as the hotel allegedly operated 25 rooms with permission for only six.
Indian stock markets this week will be primarily influenced by a series of corporate Q1 earnings, the evolving geopolitical situation in West Asia, and fluctuations in crude oil prices, according to market analysts.
Jay Mishra, a key accused and associate of the owner in the south Delhi hotel fire that killed 22 people, has surrendered to a court. Mishra is implicated in the hotel's operations and lack of security, with the police probe widening to examine his and the owner's roles in the tragedy.
Jay Mishra, a key accused and associate of the hotel owner in the south Delhi hotel fire that killed 22 people, has surrendered to a court and been remanded to police custody. Mishra is believed to have played a crucial role in the hotel's operations, and his arrest is a significant development in the ongoing investigation into the tragic blaze.
Foreign Portfolio Investors (FPIs) have withdrawn over Rs 62,853 crore from Indian equities in the first fortnight of June, bringing the total outflows for 2026 to Rs 2.87 lakh crore, surpassing the entire 2025 figure, driven by geopolitical tensions, global economic growth concerns, and a weakening rupee.
Delhi Police are investigating a blocked roof exit and the use of cooking heaters in guest rooms as key factors in the recent Malviya Nagar hotel fire that killed 21 people. Hotel owner Lavkesh Bajaj has been arrested, and a Look Out Circular issued against his wife, while the manager remains absconding.
Indian IT stocks experienced a significant downturn following OpenAI's acquisition of consulting firm Tomoro, intensifying fears that global AI companies are encroaching on traditional IT service models through end-to-end consulting and implementation services.
Delhi Police have arrested the cook of a south Delhi hotel where a fire killed 21 people, alleging his negligence contributed to the blaze. The ongoing investigation is also scrutinising safety violations, unauthorised expansion, and the roles of the owner and an absconding associate in the tragedy.
The establishment had permission for only six rooms under the Delhi government's bed-and-breakfast policy but was allegedly operating around 25 rooms, including some in the basement, police sources said.
The building suffered extensive damage in the fire, with debris, shattered glass and burnt materials strewn in the vicinity. A large crowd gathered near the site as authorities cordoned off the spot and diverted traffic to facilitate rescue operations.
India's wholesale price inflation surged to 8.30 per cent in April, up from 3.88 per cent in March, primarily driven by a significant increase in the prices of fuel, power, and crude petroleum, according to data from the commerce and industry ministry.
A potential US-Iran peace deal, expected to be signed on June 19, is anticipated to ease geopolitical stress and benefit various sectors, particularly in India, with analysts suggesting investors await finer details before making significant moves.
Indian benchmark indices Sensex and Nifty closed flat, paring early gains due to renewed hostilities between the US and Iran, which unsettled investor sentiment and led to profit booking in metal, oil & gas, and telecom shares.
Following a devastating blaze in Malviya Nagar that killed 21 people, foreign nationals and other guests have vacated hotels and guest houses on Press Enclave Road due to a lack of food, electricity, and safety concerns. The incident has led to widespread fear and uncertainty, causing many establishments to shut down and residents to seek alternative accommodation.
A fatal fire at a bed-and-breakfast in Malviya Nagar, Delhi, has revealed widespread allegations of safety and building norm violations in numerous local establishments. Locals and guests claim many guest houses operate illegally, exceeding licensed capacities and using unsafe basement accommodations, prompting calls for comprehensive safety audits and stricter enforcement.
Shubhankar Sharma leads the Boulders Classic golf tournament after carding a second consecutive six-under 66 in the second round. He holds a two-shot lead over Divyanshu Bajaj.
Eight of India's top-10 most valued firms saw their combined market valuation increase by Rs 1,87,497.45 crore last week, with Bharti Airtel emerging as the largest gainer, reflecting a positive trend in the equities market.
Indian stock markets are poised for volatility this week, driven primarily by the outcomes of five state assembly elections, ongoing high crude oil prices amid West Asia tensions, and the release of Q4 corporate earnings, according to market analysts.
Stock markets closed higher for the second straight session on Tuesday, driven by gains in bank, IT and capital goods shares.
Indian benchmark stock indices, Sensex and Nifty, closed nearly 1 per cent lower following the collapse of US-Iran negotiations, which heightened concerns of a prolonged conflict in West Asia and drove crude oil prices sharply higher.
Mcap of top 6 most valued firms drops nearly Rs 65k cr; Airtel biggest laggard
Indian equity investors experienced a significant loss of 16.32 lakh crore due to a two-day stock market decline fueled by escalating geopolitical tensions involving the US, Israel, and Iran.
Inflation data, trading activity of foreign investors and global trends would dictate sentiment in the stock market this week, according to analysts.
A devastating fire in Delhi claimed the lives of nine members of a family, including three children, who tragically perished while attempting to save each other from the blaze.
Stock market is gearing up for an eventful week ahead where key triggers such as quarterly earnings from corporates, the US Fed interest rate decision and the upcoming Union Budget for 2026-27 would grab the limelight, analysts said.
Fair trade regulator CCI on Tuesday cleared Bajaj Group's proposed acquisition of a 26 per cent stake each in its insurance joint ventures, Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance, from its partner Allianz SE for a total of Rs 24,180 crore. "The proposed combination involves acquisition of 26 per cent paid-up equity share capital of Bajaj Allianz Life Insurance Company Ltd (BALIC) and Bajaj Allianz General Insurance Company Ltd (BAGIC) by Bajaj Finserv Ltd (BFS), Bajaj Holdings & Investment Ltd (BHIL) and Jamnalal Sons Pvt Ltd (JSPL) from Allianz SE," the regulator said in a release.
Two-wheeler (2W) giant Bajaj Auto registered record sales across the country over the weekend on the back of Gudi Padwa, hawking 26,938 vehicles that included motorcycles and its electric scooter Chetak.
Among Sensex firms, Mahindra & Mahindra, Asian Paints, Infosys, Titan, Sun Pharma, Tata Consultancy Services, Tech Mahindra and Power Grid were the major laggards. However, Bajaj Finance, Eternal, UltraTech Cement and Reliance Industries were among the gainers.
Among Sensex firms, Tata Steel, HCL Tech, UltraTech Cement, Bharat Electronics, Sun Pharma and Tata Consultancy Services were the major gainers. However, Axis Bank, Titan, Maruti and Tata Motors were among the laggards.
With medical inflation hovering at around 13-14 per cent annually, policyholders must reassess their sum insured once every two years.
Over 60 companies are ready to launch IPOs in the coming months.
Trading activity of foreign investors and crude oil prices would also remain in the limelight during the week, experts noted. "This week brings a series of important economic data releases from India and the United States, which are likely to influence market sentiment and central bank outlooks.
Among Sensex firms, Bajaj Finserv, Bajaj Finance, Tata Steel, Reliance Industries, Sun Pharma, Tata Motors Passenger Vehicles, Axis Bank and Infosys were among the major gainers. Bharti Airtel and Asian Paints emerged as the laggards from the pack.
Among the Sensex constituents, Eternal, Tata Steel, Kotak Mahindra Bank, UltraTech Cement, Maruti Suzuki India, Sun Pharmaceuticals, Tech Mahindra, HDFC Bank, Tata Motors Passenger Vehicles, Infosys, Trent, Mahindra & Mahindra, Reliance Industries and HCL Technologies were the gainers. However, Asian Paints, Bharti Airtel, Bajaj Finance, PowerGrid, Axis Bank, ICICI Bank and Titan were among the laggards.
Inflation data, quarterly earnings and global trends will be the major driving factors for stock markets this week, analysts said. Moreover, the trading activity of foreign investors would also influence the equity market trends.
Among Sensex firms, Trent, ICICI Bank, Tech Mahindra, Bajaj Finserv, Mahindra & Mahindra, Power Grid, Tata Consultancy Services and Bajaj Finance were the major laggards. However, Tata Steel, Larsen & Toubro, State Bank of India, Kotak Mahindra Bank were among the major gainers.
Quarterly earnings, macroeconomic data announcements and global trends will drive the Indian stock markets in a holiday-shortened week, analysts said. Stock markets would remain closed on Wednesday for the Guru Nanak Gurpurab holiday.
Geopolitical developments between India and Pakistan, quarterly earnings and macro data will be the key drivers of stock markets in the holiday-shortened week, say analysts.
Stock markets will be driven by further developments on the US-China tariff war front along with quarterly earnings announcements from IT majors Wipro and Infosys in a holiday-shortened week, analysts said. Global market trends and trading activity of foreign investors would also dictate market movement this week, experts noted.
